Tag: job loss


How to Re-Direct Your Career in a Time of Uncertainty

My older brother is a unicorn. He’s been with the same company his entire career, almost as many years as I’ve been alive. This is extremely rare these days. Most people change companies (or even careers) seven to ten times in their lives.

However, in all his years as a hard-working and successful employee of a strong company, my brother has faced the threat of the organization’s frequent mass layoffs.

Each time he faced such job uncertainty, it would send him into such deep anxiety he would get physically ill. Add to this the daily stress of his job, plus his lack of passion for it, and you get misery and depression.

So why did he stay all these years? Because on paper, it’s a “good” job. But he also stayed because of:

  • A false sense of security.
  • Self-imposed restrictions.
  • Fear of instability.
  • Discomfort with change.

Does any of this sound familiar to you? Even if career change isn’t new to you, you may be experiencing some of the same negative issues due to the uncertainty of our current job market.

But this is one of the best times to take your uncertainty and nervous energy, and use it in a positive way to re-direct your career. Let’s look at how to do this.

Re-directing your fears and uncertainty

My brother has stayed in his current job all these years because he assumes it’s secure. Even though he’s seen numerous layoffs at his company. He recognizes he’s been lucky to escape the layoffs. And each time he has, he thinks to himself, “since I didn’t get laid off, my job is secure for now.” Well, maybe it is, until it isn’t.

If we’ve learned anything from the economic impact of COVID-19, it’s nothing is certain. And, there’s no such thing as job security. But this has always been the case. Yet we tend to fool ourselves into thinking if we have a steady paycheck and benefits, we’re secure. This in turn leads to a place that’s comfortable yet complacent at best.

Instead of fooling yourself there’s such a thing as a secure job, or freaking out because there isn’t, focus on exploring your potential options to diversify your skills and your income. This could include developing multiple streams of revenue, changing industries, or developing a new skill. While this may feel uncomfortable, think of it as a way of saving for a rainy day.

If you’re currently furloughed or laid off, this is more important than ever. But even if you still have your job, you need to spend time taking stock of your interests, passions, skills, strengths, and experience. Look to see what problem(s) they help solve, and for whom.

This process helps you identify which of your skills are in demand and which market will pay money for them. It opens your eyes to opportunities you may have never previously considered, such as a different job, or working for yourself. And it’s a process I walk you through step-by-step in my on-demand career success videos.

Watch your uncertainty turn into confidence

Once you’ve completed the process of taking stock of your unique skillset and value you bring to the table, you’ll notice an increase in your confidence. A boost in confidence may be what you need right now, especially if you’ve lost your job.

Then, once you experience renewed confidence, you’ll more likely have the gumption to apply for a job doing something new or different, or to start your own thing. Once you’re mentally ready for this, it’s time to take what you’ve discovered about your unique skillset and market it.

This includes putting together a resume, elevator pitch, and interview presentation that stands out from your competition’s cookie-cutter job search efforts. paNASH’s on-demand career success videos teach you all the steps to market your unique assets, so you won’t blend in with all the other job candidates.

People are drawn to confidence and competence. Your renewed confidence, along with an attention-grabbing marketing plan of your skills, is what will help you re-direct your career.

Don’t live a life of regret

My brother will be retiring next year. That is, if he doesn’t face another potential layoff before then. He’ll get a pension for all his years there. But he won’t ever get back the years he spent doing work that made him depressed instead of fulfilled.

In fact, a few years ago when he was visiting me, he admitted how he wished he’d had the gumption and the courage to leave his job and start his own thing like I had. He regretted never trying something different. It broke my heart to see him look back over his “good-on-paper” job and have nothing but regrets.

The good news is, it’s not too late for him to do something more fulfilling, if he wants to, after he retires next year. And it’s not too late for you either, no matter where you are in your career. You always have the opportunity to re-direct your career, both in good times and in times of uncertainty.

You can take your job security into your own hands. And you can start now!

How to get started

My on-demand career success video courses have always been an affordable and effective way to prepare you for any of the following scenarios:

  • Discovering what’s next for your career.
  • Making a career change.
  • Finding a new job.
  • Improving your resume
  • Preparing for job interviews.
  • and much more!

And best of all, they’re available to you on-demand anytime, allowing you to work at your own pace.

There are other online career and job search programs that make you wait every week for the next course to air, further delaying your job search.

Why spend two months completing an 8-week course when you can complete 8 courses in the time frame you prefer, and therefore find your next job sooner?

The paNASH on-demand bundle includes:

  • 8 courses with 23 episodes, both on finding your purpose and practical ways to stand out in the job search
  • 16 instructional handouts, résumé samples and templates
  • 5 e-books
  • 1 résumé critique

And this summer, you’ll receive access to live group coaching sessions to get your specific questions answered (available for a limited time).

Click here to get started right now.

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Your Job Provides You Security. Until It Doesn’t. Then What?

Depending on what industry you’re in, your job security may feel a little shaky right now due to COVID-19.

Even if you haven’t lost your job because of the economic impact caused by the coronavirus, or even if you’re able to return to work soon, you may feel less sure of your future career than ever before.

No one could’ve predicted six months ago the situation we’re currently experiencing world-wide.

This is why there really is no such thing as job security. Stuff happens.

The only constant is, business will always be business. Companies will always do what they have to do to keep afloat for as long as possible. Which often means downsizing.

This is why it’s important to invest in what I call “career insurance.”

What is career insurance?

Career insurance is basically another term for comprehensive career coaching. It’s designed to prepare you for any event that may arise in your career.

This includes the expected, like a promotion, voluntary job or career change, or starting your own business. It also includes the unexpected, like a layoff or a loss of business.

Think you don’t need career insurance?  Let me share a few stories with you.

The unexpected layoff

I’m often hired by companies to provide career coaching and outplacement counseling for the employees they have to lay off.

This service isn’t something all companies provide their pink slip employees. So don’t assume your company will do the same for you if you get laid off.

If they do, take advantage of it!!! It’s on the company’s dime and it can help you find your next opportunity much faster than trying to do it all on your own.

Many of the laid off employees I’ve worked with in this capacity were taken by surprise by the company’s decision.

Several have said to me, “I always thought I’d retire at this company. I love my job and the people I work with. And I had no intentions of ever leaving and never thought I would get downsized.”

Lesson #1:  Never assume you’re not at risk of losing your job. Even if your company is in a growing industry and promises to be loyal to you. Business is business and things change. If your company doesn’t provide you any outplacement services, you may want to invest some severance money into career coaching. This is so you can find your next opportunity quicker, and learn how to negotiate a higher salary. Learning such skills will pay for any coaching expenses, and then some.

The need for a change

Teresa* hired me for some career coaching services because she was very unhappy in the job she was in.

She wanted to look for something new, and also explore the possibility of being her own boss. So I got to work on helping her meet these goals.

After only three coaching sessions, Teresa found out her job was being eliminated.

When she got the news, she felt a sense of relief she’d already paid for a career coach and had begun the steps to a successful job search, making the news less of a blow.

She knew our sessions would help put her in the best possible position to find her next opportunity more quickly. She also knew the coaching would help position her for promotion the following year.

Lesson #2:  It’s better to already have some career insurance in place, if and when an issue arises, than to not have it and wish you did. Especially if you don’t receive a good severance package.

Prepare for the worst, and the best

I started working with Shane* at the beginning of the season. He chose my basic package of just a few sessions which we completed several weeks later. When I received an update from him, this is what he had to say:

“All of my worlds have been colliding since our last session, and I’ve only been able to handle it because of the great place we got to with our sessions. So thank you. I just had my interview for my promotion that was in the works earlier this season. Whatever shakes out, the confidence and clarity I gained from our sessions made the interview process really rewarding.”

Lesson #3:  Career coaching isn’t just for leaving your company. If you like where you work, coaching services can help you advance in your company if this is your goal. It can also prepare you for any career curve ball (good or bad) that may come your way.

How to increase your job security

While you have no control over the current pandemic or your company’s response to it, you do have control over your own career strategy.

paNASH’s career coaching services help you develop a strategy to leverage your skills and market them for new opportunities, providing career insurance and improved security no matter what happens with your career.

Is it time for you to invest in some career insurance? If not now, when?

Don’t wait until your current job security is gone. Click here to get started.

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*Names have been changed for confidentiality purposes. Click here to see client-submitted Google reviews.

How to Avoid These 5 Career Mistakes During a Time of Panic

Are you starting to panic a little about the future?

If so, be careful how you make any upcoming decisions about your career. Especially if you’ve lost your job due to the current economic situation.

You can end up making several career mistakes by letting fear or panic drive your decisions.

5 common career mistakes made in a panic

There are five common career mistakes I see people make when they find themselves in a bad job market and panic. These mistakes are:

1. Taking the very first job you’re offered

Allow yourself as much time as you financially can to find a job that’s the right fit. This prevents you from having to go through yet another job search six to twelve months later.

Learn more in my post, “What You Need to Know About Job Loss”:

What You Need to Know About a Job Loss

2. Not negotiating a higher salary or better benefits

Even in a tight job market, most employers expect you to negotiate before accepting the first offer. If you can’t negotiate salary, there are some other things you can negotiate, like better benefits or being able to work from home a few days a month. Either way, don’t make the mistake of leaving money on the table.

Learn more in my post, “How to Make Smart Investments in Your Life and Career”:

How to Make Smart Investments in Your Life and Career

3. Going back to school when you can’t find a job

I remember back during the recession of 2008, a lot of people who couldn’t find jobs went back to school to get their MBA. They thought this would make them more marketable once companies started hiring again. However, it doesn’t always make sense to get deeper into debt. Especially if you don’t know yet if an advanced degree will help you.

Learn more in my post, “How to Know If You Should Go Back to School”:

How to Know If You Should Go Back to School

4. Signing on to an MLM

Speaking of avoiding debt, don’t be tempted by empty promises of earning big money fast by signing up with a multi-level marketing company. This is probably the BIGGEST career mistake you can make. Don’t be swayed when someone you haven’t heard from in forever, all of a sudden wants to get together to discuss “a wonderful opportunity“. It will cost you money both upfront and in the long run.

Learn more in my post, “You Shouldn’t Have to Pay for Your Paycheck! How to Beware of MLMs”

You Shouldn’t Have to Pay for Your Paycheck! How to Beware of MLMs

5. Not taking advantage of career coaching and career resources.

Perhaps your hard-earned money would be better spent on career coaching to help you figure out your next step. paNASH was recently voted as one of the top eight coaching services in Nashville for the fourth straight year in a row.

But if you don’t have the money for one-on-one career coaching, there are several free and affordable resources here on the paNASH blog and in the paNASH video library.

Learn more in my post, “Get Unstuck! How to Know When It’s Time to Invest in a Career Coach”…

Get Unstuck! How to Know When It’s Time to Invest in a Career Coach

…and my post, “How to Know When to Get Career Help”:

How to Know When It’s Time to Get Career Help

More resources

While the job market is uncertain right now, three paNASH clients have been hired for new jobs in just the past few weeks. One of whom who had multiple offers to choose from.

Now is not the time to panic or lose hope. It’s time to do what’s within your control, which includes making good decisions based on logic, not fear.

Here are some additional posts to help you:

3 Ways to Gain Control Over Your Career in a Recession

The past few weeks have been difficult for a lot of people. There are people who are sick from the coronavirus and missing their family members. Others have been working from home, or worse, been laid off. And we’re all facing a looming recession.

There was so much “white noise” on social media last week you may have missed my previous posts, including three different ways to help you gain some control over your career in these trying times. In case you missed it, here’s a compilation of those three things you may find useful now or in an upcoming recession.

How to gain control over your career amidst layoffs and a recession

Maybe you’ve been fortunate enough to continue working from home during this coronavirus quarantine. But perhaps you haven’t been so lucky.

Some folks have been told not to report to work. And since their job doesn’t lend well to remote work, they’re having to use precious vacation or sick days. Or worse, they’re being laid off.

If this is you, or could possibly be you in the near future, you probably feel like you have no control over your current career or job situation.

But, there are some things you can do to help you feel a little more in control, and can help you be better prepared in the event of a job loss.

1. Stay in control by updating your resume the right way

If it’s been a while since you last updated your resume, now is a good time to do so. It’s definitely more productive than spending your time watching Netflix while quarantined!

I’m sure there are several things you need to add to your resume since you last updated it. Which means you need to make room for those new things.

So how do you know what to get rid of to make way for the new info? I have several free videos, including one entitled:

What NOT to Share On Your Resume: 13 Things You Should Delete Immediately

You may not realize it, but there are probably some things on your resume that are hurting your chances of landing a job interview. They need to go! Find out what they are before you send your next résumé out by watching the video.

Once you’ve updated your resume, you have a chance of getting a free resume critique from paNASH. Details are available in the video.

2. Be prepared to become a freelancer during a recession

Even if you’re still able to work during the coronavirus quarantine, whether from your office or from home, let me ask you something:

Are you prepared to be a freelancer if forced to?

Think about it. If you lost your job tomorrow and couldn’t find another one right away, would you be able to pick up and start making some extra money?

Do you already have some other streams of revenue in place, like freelance work or a side hustle?

I’ve previously written about the importance of having multiple streams of income. You can’t rely on only one stream because it could evaporate tomorrow.

I’m not saying this to cause you to panic. Instead I say it to help you feel more productive and a little more in control of your current situation.

How to create multiple streams of income

Here’s what you have some control over. Sit down and make a list of skills you have that others would pay you to perform because they lack those skills. Also add to your list anything you own that others might want to rent on a short-term basis.

Decide which items on your list will take the least amount of time to start earning the most money.

Then, get the word out. Use your current social media profiles to do this. And join platforms you’re not already using. Start with the ones that make the most sense for your product or service.

You may be surprised what kind of response you get.

Forced to be a freelancer

Recently, my hairstylist’s husband was in between digital marketing jobs. Although he received several interviews and offers, the offers weren’t financially feasible based on his experience and the potentially long commutes.

While holding out for something more financially feasible, he took some home improvement jobs as a side hustle since he’s good at this sort of thing.

When one side hustle opportunity was completed, another one came along. Then it got to the point where he had so many side jobs to choose from it made more financial sense to make this his full-time gig!

He’s now making more money doing home improvement than he would’ve if he’d stayed in digital marketing.

Need help becoming a freelancer?

If you need help with the steps of starting a side hustle or work opportunity for yourself, let me know. I’ve successfully transitioned to working for myself and have helped several clients do the same.

3. Getting laid off? The #1 thing to ask for when you leave

Getting laid off is difficult and scary. It’s happening to so many people right now due to a recession caused by the coronavirus. It can make you feel like your career and your life is out of control.

On some occasions you can convince your boss or company that you’re worth keeping around. Such as when you’re able to show your past contributions to the company and the savings of letting you work remotely, using hard data. Hard data gets people’s attention.

But if your data doesn’t outweigh the data that supports letting you go, there’s still something you can negotiate.

Outplacement counseling

You can always ask your company to provide or include outplacement counseling in your severance package.

Outplacement counseling is simply another term for career coaching or job search assistance. It’s set up to help you find your next job more quickly, and to make a smoother transition to it.

Many companies already offer it in their severance packages. I know this because I’m often one of the people they pay to provide such a service for their employees.

Take advantage of outplacement

If your company already offers outplacement counseling, take advantage of it! I’m always surprised at how some people just toss this benefit aside. Their company has already paid for the service, yet some employees think they don’t need it.

Even if you don’t think you need outplacement counseling, use it! If you already have another job lined up, use it to help you prepare for your first year in your new job.

Career coaching isn’t just for helping you find a job. It’s also for helping you succeed in your next job and building your career. And everything discussed in your coaching sessions remains confidential. It will never be shared with your past employer.

Ask for outplacement

If you’re getting laid off due to the coronavirus, and your company doesn’t offer outplacement counseling, ask for it! What do you have to lose at this point?

If your company needs convincing, help them understand how it not only benefits you, but also their business. It protects the company’s brand and reputation. It mitigates the risk of litigation. And, it provides them the opportunity to do the right thing for their employees.

If your company agrees to pay for the service but doesn’t have anyone to provide it, tell them you know someone! Feel free to have them email me, Lori Bumgarner, at lorib@yourpassioninlife.com. I’ve provided outplacement counseling to hundreds of companies’ employees over several years, especially during times of recession.

Additional help when getting laid off

If your company says no to offering outplacement counseling, there are still some free and affordable resources here at paNASH, starting with paNASH’s on-demand programs and free career success videos. Click here to receive free access to the following videos:

Control what you can during a recession

Knowing what you can’t and can control means the difference between feeling panicked and empowered. Hopefully the tips and resources provided here will make you feel more empowered. I look forward to helping you navigate these uncertain times in your career!

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Getting Laid Off? The #1 Thing to Ask for When You Leave

Part 3 of 3

Getting laid off is difficult and scary. It’s happening to so many people right now due to the economic impact of the coronavirus. It can make you feel like your career and your life is out of control.

On some occasions you can convince your boss or company that you’re worth keeping around. Such as when you’re able to show your past contributions to the company and the savings of letting you work remotely using hard data. Hard data gets people’s attention.

But if your data doesn’t outweigh the data that supports letting you go, there’s still something you can negotiate.

Outplacement counseling

You can always ask your company to provide or include outplacement counseling in your severance package. It’s one thing you still have some control over.

Outplacement counseling is simply another term for career coaching or job search assistance. It’s set up to help you find your next job more quickly, and to make a smoother transition to it.

Many companies already offer it in their severance packages. I know this because I’m often one of the people they pay to provide such a service for their employees.

Take advantage of outplacement

If your company already offers outplacement counseling, take advantage of it! I’m always surprised at how some people just toss this benefit aside. Their company has already paid for the service, yet some employees think they don’t need it.

Even if you don’t think you need outplacement counseling, use it! If you already have another job lined up, use it to help you prepare for your first year in your new job.

Career coaching isn’t just for helping you find a job. It’s also for helping you succeed in your next job and building your career. And everything discussed in your coaching sessions remains confidential. It will never be shared with your past employer.

Ask for outplacement

If you’re getting laid off due to the coronavirus, and your company doesn’t offer outplacement counseling, ask for it! What do you have to lose at this point?

If your company needs convincing, help them understand how it not only benefits you, but also their business. It protects the company’s brand and reputation. It mitigates the risk of litigation. And, it provides them the opportunity to do the right thing for their employees.

If your company agrees to pay for the service but doesn’t have anyone to provide it, tell them you know someone! Feel free to have them email me, Lori Bumgarner, at lorib@yourpassioninlife.com. I’ve provided outplacement counseling to hundreds of companies’ employees over several years.

Additional help when getting laid off

If your company says no to offering outplacement counseling, there are still some free and affordable resources here at paNASH, starting with paNASH’s on-demand programs and free career success videos. Click here to receive free access to the following videos:

I look forward to helping you navigate these uncertain times in your career!

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