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Tag Archive for: #laidoff

You are here: Home1 / FSC Career Blog – Voted ‘Most Read’ by LinkedIn.2 / #laidoff

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#JobSearch : 5 Helpful Ways To Rebrand Yourself After Getting Laid Off. There is Something Better Waiting for You!! A MUst REad!

June 11, 2024/in First Sun Blog/by First Sun Team

Being laid off can be an unpleasant experience to say the least. All of a sudden, the job that you loved and invested so much time and energy into has shut the door on you.

But worst of all, your income has been cut off, and you don’t know how you are going to survive. While these worries are legitimate, it is also important to remember that sometimes, what looks like a bad situation is often a blessing in disguise.

Oprah Winfrey once said that “failure is just trying to move us in a different direction.” In other words, there is something better waiting for you once you get over the disappointment of losing your job.

Now that you’ve got some free time on your hands, level up, rebrand yourself and become the person you’ve been dreaming about. Here are 5 ways to rebrand yourself after getting laid off.

Why Create A Brand After Getting Laid Off

Focusing on a task is a helpful way to move forward – and in this case, focusing on creating a new or pivoting your existing personal brand will be helpful for your next job rodeo.

How To Rebrand Yourself After Getting Laid Off

1. Spend Time Self-Reflecting

Self-reflection is the most important part in this process because if you don’t know where you are going, you will never arrive at your destination. Go back to the drawing board and think about your goals. What exactly do you want to achieve? Use this time to write a five year plan that will give you clear direction for what you intend on doing moving forwards. Rebranding yourself requires intentionality, you’ve got to be specific about how you are going to take yourself to the next level.

 

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Did you know?  First Sun Consulting, Llc (FSC) is celebrating over 32 years in delivering corporate & individual outplacement services & programs to over 1200 corporate clients in the U.S., Canada, the UK, & Mexico!   Visit us @ www.firstsun.com  OR Ask for a Quote for Services at  info@firstsun.com

We here at FSC want to thank each of our corporate partners for the opportunity to serve & moving each of their transitioning employee(s) rapidly toward employment!

 

Article continued …

2. Invest in Upskilling

Your skills will set you apart from the competition and give you a competitive advantage in your field. Whatever industry you are in, it is constantly evolving, whether it’s updated technology, marketing strategies, or consumer trends, keeping up with these shifts is essential. Successfully navigating these perpetual changes requires an adaptable and proactive approach. Therefore, use this time of unemployment to update your skills via taking courses, and reading about your industry.

3. Change Your Image

Your image is the most important part of your brand because that’s the first thing that people see. Therefore, you need to make sure it’s on point. When companies rebrand themselves, they give themselves an image overhaul. Your aim should be to look better than you did before you got laid off. Get some more professional photos taken, improve your website, and change your social media content. Your new image should be so sharp, that it will make people want to know who you are.

4. Update Your Message

Since you are rebranding, your brands message should also change. Your values, core principles and beliefs may be slightly different because you are on a new journey. Spend time updating your message so that it aligns with your new image and what you hope to achieve.

5. Get Your Name Out There

Once you have everything in place and you are ready to get back into the corporate world, start networking and get your name out there. The people in your industry were familiar with the old you, now it’s time to reveal the new you along with your new brand. Make an effort to attend networking events both online and offline because consistent attendance will allow you to establish a reputation within your industry which will enhance the overall image of your brand.

Finally, it’s important to understand that rebranding takes work. You will need to invest time and energy into this endeavor to ensure you reap the rewards you desire. Rebranding is nothing new, businesses have been doing it since the beginning of time, the key is to do it, and to do it well.

 

FSC Career Blog | June 10, 2024 | Goldie Chan

https://www.firstsun.com/wp-content/uploads/2017/02/women-thinking.jpg 450 970 First Sun Team https://www.firstsun.com/wp-content/uploads/2018/05/logo-min-300x123.jpg First Sun Team2024-06-11 21:00:352024-06-11 21:00:35#JobSearch : 5 Helpful Ways To Rebrand Yourself After Getting Laid Off. There is Something Better Waiting for You!! A MUst REad!

#JobSearch : New Year, New Layoffs- 3 Ways To Prepare If Your Job Is At Risk. Question: How Secure are You in 2024?

January 1, 2024/in First Sun Blog/by First Sun Team

A new survey from ResumeBuilder says that 4 in 10 companies are anticipating layoffs in 2024. Over half of these companies are planning on a hiring freeze in the coming New Year. These small and medium-sized businesses join the ranks of several firms that have announced major job cuts. Nike has announced a $2 billion cutback over the next three years, with an uncertain number of job cuts included. Toy giant Hasbro will cut nearly 20% of its workforce in 2024, according to reports from the Wall Street Journal.

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Music service Spotify announced a third round of layoffs. A recent email from CEO Daniel Ek says the company plans to cut its workforce by nearly 20%. Roku is going to be limiting new hires, and laying off about 10% of its workforce, while Amazon layoffs are effecting its new gaming division (all 180 jobs there are being eliminated). Citi CEO Jane Fraser announced layoffs in September, and sources have told CNBC that the bank could let go of at least 10% of its workforce, across several business lines. Flexport Logistics plans to cut up to 30% of its employees, and financial services company Charles Schwab is cutting back by 5-6% of its workforce, according to reports from Business Insider.

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Did you know?  First Sun Consulting, Llc (FSC) is celebrating over 32 years in delivering corporate & individual outplacement services & programs to over 1200 corporate clients in the U.S., Canada, the UK, & Mexico!   Visit us @ www.firstsun.com  OR Ask for a Quote for Services at  info@firstsun.com

We here at FSC want to thank each of our corporate partners for the opportunity to serve & moving each of their transitioning employee(s) rapidly toward employment!

Article continued …

Leaders from industries surveyed with at least 50 respondents say layoffs at likely the following rates, according to ResumeBuilder:

  • Construction (66%)
  • Software (65%)
  • Information (44%)
  • Retail (44%)
  • Finance and insurance (38%)
  • Education (34%)
  • Health care and social assistance (28%)

Jobs Outlook: Why Are Companies Cutting Back in 2024?

Three factors are driving the cutbacks, for companies both large and small. Number one with a bullet is AI. A recent Goldman Sachs study found that generative AI tools could impact over 300 million full-time jobs worldwide. With new capabilities being uncovered everyday, companies are doing more with less – capitalizing on the capabilities of artificial intelligence, including services like ChatGPT and Google’s new AI, Gemini. The second factor influencing corporate payrolls is the one thing the market hates most: uncertainty. Harvard Business Review offers this viewpoint: “As 2023 comes to a close, the global economy is, in many ways, doing better than expected. The U.S. not only avoided a recession but has grown at a steady clip. Unemployment has been low and, crucially, inflation is falling in most of the world. And yet, the economic outlook remains deeply uncertain.”

War in Ukraine, the Palestinian conflict in Gaza, and uncertainty around the US election are just a few of the challenges that 2024 brings to bear. The third challenge, according to finance professor, Mihir Desai at Harvard University, is the cost of capital. Rising interest rates continue to combine with inflation to create a perfect storm of “wait-and-see” for businesses. While the Fed has hold interest rates steady, and signaled the possibility of rate cuts in 2024, “All the impacts that one would expect from higher interest rates will still happen (and are happening) but just in slow motion relative to expectations,” says Desai.”That slowing process will be less immediately disruptive or recognizable but more long-lasting and harder to engineer an escape from.”

Looming Layoffs: The Time to Prepare Is Now

When certainty is in short supply, so are jobs. At least, that’s what the LinkedIn workforce report shows. Hiring was down 4.9% in November, and that trend is expected to continue. If you’re concerned that your job might be at risk, here are three things that you can do, right now.

  1. Take a Fresh Look at Your Résumé and LinkedIn Profile: as the New Year begins, it might be time to get a fresh start on your next opportunity. Many savvy job-seekers are turning to ChatGPT and other AI tools to craft their résumé. And it’s never a bad idea to make sure your personal brand is clear and compelling, on LinkedIn.
  2. Bring that Side Hustle to Center Stage: what would have to happen, in order for you to turn your side hustle into your main gig? CNBC says that 53% of Gen Zers have a side hustle, and 44% of all those with some income on the side think that they will always need that extra gig. 41-year-old Nadia Liu Spellman left her job in finance to start a frozen food business. Now it brings in $4.5 million per year. Who would you need to be, in order to stop procrastinating and step fully into entrepreneurship? Now may be the perfect time to explore what you are really worth – before your employer makes a choice you don’t really want.
  3. Get the Coaching You Need: Success is often a factor of time. When it comes to your career, you’ve got to wonder: how long do you want to wait? According to Forbes, coaching is the best way to accelerate your results. In your career, if you don’t want to wait and go it alone, consider the value of having someone who is as focused on your success as you are – especially if you find yourself in unplanned career circumstances. Coaching is about helping people discover what’s easiest for them – helping them to discover their own growth, and prepare for the unexpected. When it comes to your career, two heads are always better than one. Especially if you can find a professional advisor that can help you to access greater confidence, even if you find yourself in an unexpected place in your professional life.

If you are concerned about your career prospects in 2024, don’t get depressed – get moving. Even in the midst of uncertainty, there are still opportunities – and maybe a new career is just what you need, in the New Year.

Forbes.com | December 31, 2023 | Chris Westfall

https://www.firstsun.com/wp-content/uploads/2016/12/holiday-pix3.jpg 360 540 First Sun Team https://www.firstsun.com/wp-content/uploads/2018/05/logo-min-300x123.jpg First Sun Team2024-01-01 18:03:512024-01-01 18:03:51#JobSearch : New Year, New Layoffs- 3 Ways To Prepare If Your Job Is At Risk. Question: How Secure are You in 2024?

#JobSearch : Spotify Cuts Over 1,500 Jobs—Here’s How To Cope With Layoffs During The Holiday Season. So, What to Do Right Now? Doing Nothing? Wrong!

December 7, 2023/in First Sun Blog/by First Sun Team

Every December, around the holidays, Spotify unleashes its viral marketing campaign, “Spotify Wrapped,” in which users share their top results for their most-listened music and podcasts. This year, amid the trend, the streaming platform called it a wrap for more than 1,500 of its employees, as the company announced Monday its plan to cut 17% of its staff in its third round of layoffs. Wall Street applauded the news, sending stock prices soaring 7%.

Cutting jobs around the holiday season is widely perceived as cold, brutal and lacking basic compassion. Workers are left jobless and without a steady paycheck and are concerned about their lack of health insurance. Instead of looking forward to some time to relax and enjoy being with their family and friends, the downsized employees must now scramble to write a résumé and seek new employment in a challenging environment for white-collar professionals.

Executives may consider this a way to cut costs and save money, while others view it as a company showing its true colors. It’s clear that when organizations say, “We’re family,” it is not true. Grandma getting fired before Christmas doesn’t sound like something a loving family would do to someone they sincerely care about. Companies that let go of workers at this time of year will likely see backlash and lose respect within the marketplace, making it hard to recruit and retain people.

Say It Ain’t So

There are several reasons why employers see the year-end as an opportune time to cut jobs. By laying off staff in December, companies can realize salary savings earlier by removing employees from the current fiscal year’s books. For public companies, it can boost short-term financials and increase stock prices.

It’s sneaky, but some executives may feel that as people start to take their vacation and personal time off, there will be minimal disruptions as many people won’t be around. To cut costs, pushing out workers will save the company from paying expensive annual bonuses, incentives and sales commissions. It’s also convenient to conduct layoffs amidst the rollout of a yearly holiday campaign, so the buzz around it can drown out the news of downsizing.

On the same day that Spotify CEO Daniel Ek announced job cuts, TwilioTWLO +0.5%, a cloud-based communication platform, said it would also be laying off nearly 5% of its staff after pressure from investors to divest its data and applications unit.

Before the 2021 holiday season, online mortgage startup Better.com’s CEO, Vishal Garg, terminated around 900 employees via a one-way Zoom video. To add insult to injury, Garg referred to his staff as “dumb dolphins.” The company became the poster child for callous video firings after online backlash.

During the financial crisis, Bank of AmericaBAC +0.6% drew public indignation for announcing its three-year plan to cut up to 35,000 jobs in December 2009, after receiving billions in government bailout funds. This led to a deluge of highly negative consumer sentiment about corporate greed.

 

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Updated NEWS: #BestofFSCBlog – Aug23 we hit Two Milestones: #1– Hit over 1.2 million impressions on our FSC Career Blogs within 7 days on LinkedIn……. #2– Over 3.5 Million participates on our FSC Career Blog page below within three years!  Both the Team/myself want to thank you all for participating! …… Chris G. & Team,www.firstsun.com

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What Skill Sets Do You Have to be ‘Sharpened‘?

 

Did you know?  First Sun Consulting, Llc (FSC) is celebrating over 32 years in delivering corporate & individual outplacement services & programs to over 1200 corporate clients in the U.S., Canada, the UK, & Mexico!   Visit us @ www.firstsun.com  OR Ask for a Quote for Services at  info@firstsun.com

We here at FSC want to thank each of our corporate partners for the opportunity to serve & moving each of their transitioning employee(s) rapidly toward employment!

 

Article continued …

The Aftermath

Getting a pink slip is detrimental to a worker’s mental health and financial situation. It’s even worse when it happens around the “most joyous” time of the year. For some, it may mean fewer presents under the Christmas tree or opting out of holiday travel to visit family because it is no longer financially viable. Disregarding the fired personnel’s feelings will leave a permanent reminder of the people cast out.

Once word gets out, why would anyone want to remain at the organization? It also presents a hurdle for future hiring, as the news dissuades people from interviewing with the company. Consumers may even boycott its products and services.

There will be public backlash and reputational damage, as the action looks needlessly cold and lacks empathy. Upon learning about the layoffs, talent acquisition and recruiters will descend upon the company looking to poach all the A-players. Current employees will commence updating their résumé and contacting their network to find a new job. The remainers will suffer from survivor’s guilt, resulting in a plummet in employee engagement and productivity.

What You Should Do Right Now

Getting laid off right before Hanukkah, Christmas, Kwanzaa or New Year’s is incredibly difficult. Here are some actionable steps you can take if you are in this position this holiday season:

  • Take some time to process what happened and acknowledge your anger and resentment. It’s okay to vent to loved ones to get it out in the open. After your grieving period, you must take action to move forward.
  • Take care of practical matters, such as asking for emails and phone numbers of people you want to stay in touch with. Ask HR for a letter of recommendation. Find out your rights, any monies owed to you and whether outplacement services are available. File for unemployment benefits and look into your firm’s COBRA health insurance process.
  • Start rebuilding your career and seeking out new opportunities. Update your résumé and LinkedIn profile and perform an audit of your professional online presence. Reach out to people in your network. Ask them about any job leads at your desired companies. Search job boards and apply to positions. While others coast during the holidays, ensure you’re hustling to get noticed.
  • Avoid becoming antisocial because you feel shame about your job loss. Push yourself to stay connected with people during the holidays, as it’s a good time to call in favors and ask for help in seeking new employment.
Forbes.com | December 6, 2023 | Jack Kelly 
https://www.firstsun.com/wp-content/uploads/2016/12/holiday-pix3.jpg 360 540 First Sun Team https://www.firstsun.com/wp-content/uploads/2018/05/logo-min-300x123.jpg First Sun Team2023-12-07 20:46:252023-12-07 20:52:31#JobSearch : Spotify Cuts Over 1,500 Jobs—Here’s How To Cope With Layoffs During The Holiday Season. So, What to Do Right Now? Doing Nothing? Wrong!

#Layoffs : The Debate Swirling Inside HR Departments: How to Lay Off Workers. How were You Laid Off?

July 12, 2023/in First Sun Blog, Resume/Cover Letter/by First Sun Team

Executives considering downsizing are currently grappling with the same problem: finding the most effective way to let employees go.  Is it better to get layoffs over with all at once even at the risk of cutting too deep? Is firing over Zoom more humane than making an employee come into the office to lose their job? How much severance pay is fair?

As well-known employers including Amazon.com Inc., Salesforce.com Inc., CRM 2.82%increase; green up pointing triangle Goldman Sachs Group Inc. and others lay off workers, executives elsewhere say they are closely monitoring different approaches to the process.

Some human-resources teams are building spreadsheets to track how many positions peers cut and what they say to employees during the reductions. Laid-off workers, meanwhile, are comparing severance agreements and pushing back if they feel terms fall short, which has sometimes led to tense all-hands sessions.

“I’m not sure there’s one recipe” for a layoff, said Katy George, a senior partner and chief people officer at McKinsey & Co.

The stakes for companies are high. Though the job market is cooling, the unemployment rate stood at a historically low 3.5% in December and many employers say they still face challenges filling some positions. This is also among the first job downturns in the era of increasingly empowered and vocal employees who are adept at using Slack and other tools to amplify their criticisms. Companies say it is important to handle layoffs carefully to protect employers’ reputations and help maintain morale among those who remain.

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Did you know?  First Sun Consulting, Llc (FSC) is celebrating over 32 years in delivering corporate & individual outplacement services & programs to over 1200 corporate clients in the U.S., Canada, the UK, & Mexico!   Visit & contact us @ www.firstsun.com

We here at FSC want to thank each of our corporate partners for the opportunity to serve & moving each of their transitioning employee(s) rapidly toward employment!

Article continued …

Some companies telegraph weeks in advance that layoffs should be expected, a tactic that can give employees warning while also raising uncertainty over whose roles will be eliminated, human-resources advisers say.

When Salesforce Co-Chief Executive Marc Benioff announced Wednesday that the cloud-software giant planned to eliminate roughly 10% of its staff, he told employees to check their email within the hour to see if their roles had been affected. Other corporate leaders, such as video-technology company Vimeo Inc., VMEO 1.18%increase; green up pointing triangle which said this week that it would cut about 140 people, have sent companywide notes after individual employees had been contacted.

Many companies struggle over whether to make one sweeping layoff, or to do a series of smaller cuts over a period of time while assessing a company’s financial situation, advisers and executives say. Both carry risks. If a layoff is too large, a company can inadvertently cut key units or people, executives say. Yet multiple layoffs in a short period can create prolonged instability in an organization, McKinsey’s Ms. George said.

“You don’t want to have two shoes drop,” said John Chambers, the former CEO of Cisco Systems Inc., noting that one layoff quickly followed by another can erode trust with employees and investors. “My answer is you do it once, you do it very aggressively, but you also, most important, you communicate.”

The era of hybrid work only complicates matters, executives say. Bosses once insisted on delivering bad news face-to-face, a practice that changed in the pandemic. Some executives are now debating whether it is easier for employees to learn of a layoff on Zoom versus in-person, said Andy Challenger, senior vice president at outplacement firm Challenger, Gray & Christmas Inc.

“It almost seems cruel to ask someone to commute into the office just to let them go,” he said.

Whereas some companies once picked Friday as the preferred day to cut jobs, thinking it would give people a weekend to process a tough situation, many now see a midweek layoff announcement as more humane, said Lorna Hagen, a longtime chief people officer. A layoff on a Wednesday, for example, can give affected employees time to talk with HR representatives or benefits providers during business hours in the ensuing days, she said.

In prior roles, Ms. Hagen said she has worked with colleagues to create a “run of show,” outlining minute-by-minute how a layoff should proceed. The document details when managers will talk to affected employees and when executives should communicate to the remaining workforce and the public. Training ahead of a layoff can give managers a script and guidance for navigating difficult conversations.

Many managers often flub the conversations by saying, “This is so hard for me,” Mr. Challenger said. That phrase can irritate employees facing a job loss. “That just hits people the wrong way,” he said. “It’s not about you.”

Some companies, such as payments processor Stripe Inc., have been celebrated by employees and others for how they dealt with layoffs. Stripe cut about 14% of its workforce in November; in an email to employees, CEO Patrick Collison said he and other leaders were “fully responsible” for the decisions leading to the layoffs. The company said it would provide at least 14 weeks of severance pay and would accelerate or waive employee stock-vesting cliffs.

Other employers have encountered resistance. At the online-education provider Coursera Inc., COUR 3.36%increase; green up pointing triangle which laid off dozens of workers in November, some remaining employees took issue in all-hands sessions with how layoffs were handled, while laid-off employees sent detailed requests via email to the company to revise separation agreements, according to interviews with current and former employees, internal town-hall recordings and documents obtained by The Wall Street Journal.

Some laid-off employees wrote a collective letter in December to Coursera CEO Jeff Maggioncalda and executives, outlining how the workers felt Coursera’s separation terms fell short compared with layoffs at companies such as Meta Platforms Inc. and Stripe. The group cited the company’s decision not to waive some stock-vesting cliffs or accelerate vesting for stock-based compensation issued to employees. The letter is signed by unnamed “Laid Off Employees.”

Rich Jacquet, Coursera’s chief people officer, responded and recommended that workers contact HR. The group responded that HR had rejected outreach from workers.

The company offered workers four months of pay, plus more based on role or tenure, along with healthcare coverage and outplacement assistance. “We realize this decision impacts employees’ livelihoods and we strove to provide what we believe is meaningful transition assistance,” a Coursera spokeswoman said.

A number of human-resources advisers say that, at minimum, companies should offer laid-off workers a month of severance. Many companies are also now waiving stock-vesting requirements, too, though policies vary by company, said Matt Hoffman, a partner and head of talent at venture-capital firm M13.

“Take accountability,recognize the problem, be more generous than you have to be and as transparent as you can,” Mr. Hoffman said. “That’s the playbook.”

WSJ Authors:  Chip Cutter at chip.cutter@wsj.com   & Ruth Simon contributed to this article.

WSJ.com | January 9, 2023

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#YourCareer : What To Do — Besides Worry — Before You’re Laid-Off. Great Read!

May 22, 2023/in First Sun Blog/by First Sun Team

Waiting to learn if you will escape a looming layoff can sometimes be more stressful than losing your job. On the other hand, a study found the likelihood of developing a health condition increases by 83% in the first 15 to 18 months after a layoff, even for employees with no pre-existing health conditions.

This unsettling feeling is now known as Layoff Anxiety, a term that describes the emotions and health issues proceeding job cuts.

So what can we do beyond worrying while waiting for a layoff?

1. Deploy Defensive Pessimism

One way of making worry work to your advantage is by “taking your fear out to its extreme,” wrote executive coach Melody Wilding in a piece for Harvard Business Review. Deploying “defensive pessimism” is, according to Wilding, walking through your plan if you are laid off in detail to “anticipate how you will deal with obstacles such as your finances, health care, and finding a new job.” This strategy allows you to rehearse the worst-case scenario productively.

In the spirit of defensive pessimism, here are some options to consider instead of holding your breath in anticipation.

Experts recommend keeping enough money to cover three to six months of living expenses to replace lost income. Bestselling Author Bonnie Honeycutt listed the top three places to keep emergency funds, rather than in your checking account, as High-Yield Savings, Money Market Accounts, and Certificate of Deposits (CDs). Finding the extra money in advance to fund an emergency can prove challenging. Adding income sources is possible if your pennies are stretched beyond the pale.

 

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Article continued …

2. Create An Emergency Fund

Experts recommend keeping enough money to cover three to six months of living expenses to replace lost income. Bestselling Author Bonnie Honeycutt listed the top three places to keep emergency funds, rather than in your checking account, as High-Yield Savings, Money Market Accounts, and Certificate of Deposits (CDs). Finding the extra money in advance to fund an emergency can prove challenging. Adding income sources is possible if your pennies are stretched beyond the pale.

Take heart:Walking the path of the worst-case scenario before it happensoften opens our eyes to the reality that a layoff doesn’t have to bepermanent. Although our time at one company may end, the journey of the rest of our lives begins when they let us go.

 

3. Nurture Your Side Hustle

Not putting all our eggs into one basket or diversifying our portfolio are age-old concepts. However, when it comes to full-time jobs, many employees push all their chips to the middle, betting on one source of income rather than exploring other options. I’ve been laid off twice in three years and can attest to the importance of having a little side income source. It kept the bills at bay.

Personal branding expert Stephen A. Hart believes that creating other offerings outside of your 9-5 helps maximize the skills we’ve acquired throughout a career. “We often discount the superpowers we’ve developed, but there is a lot that you can do and possibly teach,” Hart said in an email. “Begin by inventorying your acquired skills, talents, and wisdom. And look at ways you could create an offering to assist other people or organizations within your industry for a fee.” There are many quick ways to cash in on your knowledge, like coaching, consulting, and facilitating workshops.

4. Know Your Rights

Many factors play into layoffs, and the language used by employers significantly impacts workers. In her article for The Wall Street Journal, Vanessa Furham notes there are “some important differences between being furloughed, laid off or permanently terminated, and it could mean the difference between having healthcare coverage or not.” Another area to consider is that severance is only sometimes an option, and often companies forgo paying out unused vacation. All the more reason to use it before you lose it, in this case, forever. Knowing your rights and options before getting laid off can slice down the element of surprise when the news arrives.

Take heart: Walking the path of the worst-case scenario before it happens often opens our eyes to the reality that a layoff doesn’t have to be permanent. Although our time at one company may end, the journey of the rest of our lives begins when they let us go.

Forbes.com Author: Jennifer Magley

 

Forbes.com | May 18, 2023

 

 

 

 

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#Management : Questions To Ask Before You Lay Off Your Employees: #2- Are you Treating People as Well When you Fire Them as When you Hire Them? Your Experience(s)?

February 25, 2023/in First Sun Blog/by First Sun Team

Workplace culture has reached a new low with the advent of the digital pink slip. Last month alone, tech companies laid off more than 100,000 workers, many of them by email or text. Or in the corporate equivalent of ghosting, people found out they were fired by being locked out of the company email system.

When Google fired 12,000 workers with a click of the send button, a terminated 20-year employee named Jeremy Joslin sent this viral tweet: “What a slap in the face. I wish I could have said goodbye to everyone face to face.” The tech industry’s high profile makes their layoffs particularly loud, scaring employees well beyond the sector. Their digital pink slips are already shocking your company’s system, leaving 89% of American workers fearing they’re going to be next.

 

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Article continued …

It seems as work has gone remote, so has empathy. Layoffs are difficult. But even with the recession looming, they don’t have to be cruel. How you let people go says everything about your organization’s culture and commitment to respect, trust and fairness. Yes, it may be faster and easier to do it digitally. But it lacks basic humanity and does way more damage in the long run. In fact, it can be a cultural apocalypse, destroying trust, inclusion, productivity and innovation.

In all likelihood, more layoffs are coming. A recent KPMG survey reports that 91% of American CEOs predict a long, hard recession and 51% will respond with layoffs. But before you resort to the digital pink slip, ask yourself these three critical questions:

What does this say about your culture?

No company sets out to be a place that treats people as dispensable. It’s unquestionably been a rollercoaster as companies fought to survive the pandemic while also acclimatizing to the conundrum of remote work. In this seismic shift, missteps are inevitable. What seemed an opportunity for companies to reinvent the future of work has been complicated by the Great Resignation and a host of other issues. What employees hoped would be a workplace renaissance with new levels of balance, flexibility and digital connectedness has largely not materialized. Instead, people are left feeling lonelier and more isolated than ever.

The digital pink slip is a symptom of this larger problem. If you’re even considering laying people off by email, it means people are no longer at the center of your culture. Now is the time to change that before it erodes any further. Culture is a muscle that builds slowly but atrophies quickly. Take the time and make the space to exercise your collaboration muscles and restore the deep workplace connections that help you work better together. Your goal should be a rock-solid culture that is so people-focused that you would never even entertain the idea of firing someone in an inhumane way.

Are you treating people as well when you fire them as when you hire them?

Hiring is a little bit like dating. You put your best foot forward and show off your company and culture in the best possible light. In the tech world you might even shower your employees with sleep pods, bowling alleys and free Michelin-starred food. But if it all ends in a toxic break-up, you’re living a lie. The true test of a healthy workplace culture is exhibiting the norms and values that matter most – in good times, and in bad. In fact, culture matters even more in tough times. That’s when people see what’s real and what’s window dressing. That’s when you need your culture to work for you, to motivate your people and delight your customers.

Staring into Zoom all day and endless talk of technology transformation and ChatGPT sometimes makes us forget that no matter what business we’re in, companies still run on people, not machines. And people will never forget how you treat them. Say thank you. Honor their contribution. Let people have closure by saying goodbye.

Having people leave on good terms is also an investment in future employees because the next time you start dating and want to hire, you won’t be dogged by a messy breakup. This matters because 71% of candidates learn about job opportunities and company culture from current and former employees.

Are you poisoning the well?

Survivor guilt is real. Ill-managed layoffs destroy psychological safety. If your friend in cubicle 3A wakes up to a digital pink slip with no warning and no explanation, you’re going to fear being next. And when your frontal cortex is consumed by fear it’s hard to do good work. In a recent study of 4,000 layoff survivors, 74% reported lower productivity and 69% report declining product or service quality.

When productivity plummets, so does innovation and teamwork. When your employees no longer trust you, they will hesitate before they take a risk and think twice before they speak up about a problem. If you don’t treat people with respect and kindness, you’re poisoning your own well (and risking your profits). If you think it’s time consuming to have real conversations with people to let them go, think about how much more time it will take to manage the digital pink slip fall out. Reassuring remaining employees, restoring lost tribal knowledge, rebuilding trust and repairing disrupted social networks will be far more arduous.

Fire people the old fashioned way (face-to-face or voice-to-voice, with care and humility). Just because you can use technology doesn’t mean you should. Technology is a tool that makes things faster and easier. But people are not tools or numbers or widgets. Digital pink slips are an alarming sign that we have lost sight of this. Your actions today – in one of the most stressful, awful moments a worker can experience – will reverberate in the hearts and minds of your people long after the short-term benefits of cost cutting expire.

Layoffs may be inevitable. But they can be handled in a way that doesn’t cripple your culture. Delete the digital pink slip. Choose a kinder method that demonstrates the very best of your values. Transparency, dignity, gratitude and a human-delivered message will go a long way to helping people feel respected and less devastated by these disruptive changes, whether they’re leaving or staying.

 

Forbes.com Author:  Ann Kowal Smith  Follow me on Twitter or LinkedIn. Check out my website.
Forbes.com | February 22, 2023

 

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#JobSearch : What To Say In An Interview When You’ve Been Laid Off. How to Answer: Why Were you Let Go?” A MUst REad for ALL!

February 21, 2023/in First Sun Blog/by First Sun Team

When you’re interviewing, the human resources representative, hiring managers and other interviewers will invariably ask you, “Why were you let go?” The question is mostly innocuous. It’s one of the fundamental questions an interviewer is curious about without having an ulterior motive. Nonetheless, it makes you feel like you’re guilty of something. It’s unpleasant to have to discuss why you lost your job. The key is to prepare a pitch of how exactly you’ll answer this question. By practicing it, your response will become deeply ingrained. You’ll be able to work through the discomfort and, ultimately, shine.

You can respond by telling the interviewer, “I loved working at X company. It was the best experience of my career. I learned so much and got to know so many amazing people. My boss and teammates were wonderful. It was heartbreaking to receive the news of my separation. I’m not going to pretend it didn’t initially hurt. However, after some time, I realized that this might be the best thing for me. If it wasn’t for the major layoff, I’d have likely stayed with the company for another 10 years—because it would be the easy thing to do. Now, I have the chance to seek out a new challenge—something exciting! Going through the layoff made me mentally stronger. I’m open to taking on new risks that I wouldn’t have done before. This includes interviewing for the role we’re talking about now. If it wasn’t for the downsizing, I wouldn’t be here speaking with you.”

Make sure to drive home why you want to work for this organization and why you are suitable for the role. “Your company is fantastic. I always held it in high regard. The opportunity you presented to me is my dream job. My background, experience, skills and education are all a perfect fit. It’s wonderful that I’m in the right place at the right time.’

 

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Article continued …

Be Prepared For Feeling Out Of Sorts

One of the biggest challenges throughout the job search process is figuring out what to say when interviewing. It’s hard for people who’ve succeeded most of their lives to suddenly feel like a failure, since they’ve been laid off. Before the interview, the person that was downsized will confide to their loved ones that they are uncomfortable and slightly embarrassed, even though intellectually they know it’s not their fault and the company laid off over 10,000 workers.

If you’ve been impacted by the wave of white-collar layoffs, it will take some time to spring back into action. You’ll need to process and come to terms with what happened. Then, while still healing, there’s pressure to jump into job-hunting mode. When you currently hold a job and are searching for a new role, it’s relatively easier. If you don’t succeed in moving forward in the process, you still have a job to fall back on. For those in between roles, it’s scarier. You worry about paying the bills and how you will stand out with thousands of other smart, white-collar professionals also looking for work with these unrelenting layoff announcements.

The alteration of your daily work habits will throw you off kilter, making you feel disoriented. You’ll miss your work friends and the familiar flow of the workday. Most fast-track professionals associate their personality and identity with their jobs. Without the title, there is a feeling of loss and emptiness. When you associate with career-driven people and have family members who pressure you to succeed, that’s an additional burden to bear.

Be Positive

It will take some time for the wound to heal. You’ll require some self-care. Deconstruct what happened. Speak with your boss, colleagues and others to understand why you were selected for downsizing instead of someone else. This serves a couple of purposes. If it turns out that you were terrific, but management called for a certain number of people from each division to be let go, then you know it’s not about you. If you did something that made the firm choose you, it will be an uncomfortable conversation, but ask for constructive criticism and feedback, so you can learn from the situation.

Unless you come to terms with the layoff, it will be hard to get a new job. You’ll inadvertently come to the interview process feeling embittered, angry and hurt. You may not realize it, but others will pick up on your vibe and frequency. Although it is natural to feel discouraged and resentful, the interviewer doesn’t care. It sounds crass and cold, but they want someone who comes across as a winner. In an environment where thousands of people are being laid off, managers feel they have their pick of the litter. If you enter the interview with a chip on your shoulder or say something mean-spirited or derogatory about your former boss, co-workers and company, it’s too easy, in this market, for the interviewer to take a hard pass and move on to the next applicant who has a more positive and enthusiastic attitude.

Forbes.com Author:  Jack Kelly   Follow me on Twitter or LinkedIn. Check out my website or some of my other work here.
Forbes.com | February 2. 2023
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#JobSearch : How To Cope With Being Laid Off. After Death, Job Loss is Ranked as One of Life’s Most Stressful Events. How did You Manage?

February 1, 2023/in First Sun Blog/by First Sun Team

Employers have been downright coldhearted lately in how they have laid off people. Jacob waited on Zoom for the company meeting to start. Several hundred sales reps and managers from across the US were tuning in to hear the latest sales news from the company’s vice president. Instead, Jacob got the shock of his life. With panic in his voice, he called for career help and said, “The VP opened the meeting to announce that everyone on the call was being let go, effective immediately. It was a cost-cutting measure. The company was moving all its sales jobs offshore. I couldn’t believe it. In the span of three minutes, we were all fired with only two weeks’ severance. I’m frantic about losing my job. I’ll blow through my savings by the end of the month.”

“After death, job loss is ranked as one of life’s most stressful events,” says Dr. Gregg Jantz, a psychologist and founder of A Place of Hope, a counseling and treatment center. The bestselling author of The Anxiety Reset continued, “People feel a betrayal of trust, especially when the job loss comes as a shock. It’s so traumatic.”

As the tech industry continues to make headlines each day with more and more layoffs, it’s hard to handle all the feelings you face as you make this difficult career transition. Dr. Jantz stated, “The normal response to betrayal is intense anger. It is a sense of injustice, feeling that the employer didn’t respect or value you. People get very upset thinking the employer didn’t appreciate all their hard work. As a result, you want to get even, retaliate, and strike out at those you think have wronged you. We want revenge,” he stated. Jacob echoed that sentiment, mentioning a colleague spilled water on the company laptop to destroy it before he sent it back.

Couple job loss with what Dr. Jantz sees happening throughout the nation. “We are in the middle of a mental health crisis in our country. The No. 1 diagnosis in America is anxiety, and No. 2 is depression. When you lose your job, these feelings intensify.”

What Not To Do

This transition will not be easy. You’ll have a range of emotions that contribute to the blues. You may also experience uncontrolled fear, negative self-talk, devaluing yourself, self-pity, and moping.

You’re entitled to your feelings. Don’t ignore them—but be careful. Dr. Jantz warns that you don’t want to sabotage your future. You might do something that you’ll regret. Do not comment on social media or express anger at your boss or company. They may be wrong, but you have much more to lose than they do. Instead, Dr. Jantz recommends you allow 24 hours to pass before you do anything. You need time to lower the intensity. Instead, if you vent too fast—sending nasty, raging emails or social media posts—you will become a victim, and this action will make your job search longer and harder. When you display anger and feelings of betrayal, the danger is that you’ll be radiating a spirit of blame in your communications. You do not want to come across with that attitude in an interview.

Carefully select the people you share your feelings and outrage with. Dr. Jantz advised, “Be careful what you do to the people around you, such as continuously venting, being irritable, displacing anger at others. You are targeting it at friends and family that love you, and they had nothing to do with this event. This is not the way you should release your feelings.”

 

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Article continued …

Coping Strategies

You can do several things when you are handling these overwhelming feelings. Here is what Dr. Jantz suggests.

 

  • Practice good self-care, including nutrition, sleep, and exercise. If you feel anger, pair it with some movement—walking, working out, exercising—as you process that anger. Put feelings on paper. Turn away from self-destructive behavior, and don’t punish yourself. Refocus and define what you must do to fortify yourself to increase your well-being. If you isolate, stay at home, and withdraw, you may suffer from depression symptoms.
  • Resilience is what you want, not to feel defeated. Ask yourself, “Am I full of anger and bitterness? Has anxiety and fear taken over my life? (Take an anxiety test here.) Use positive self-talk to reassure yourself that there is nothing wrong with you and that you aren’t defective, just going through a rough spot.

 

To jump-start, your job search, read this Forbes article: How to Quickly Bounce Back From A Layoff

 

Forbes.com | Februrary 1, 2023 | Robin Ryan 

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#JobSearch : Concerned About Layoffs? 7 Actions To Take In Advance Of A Career Disruption. Great Holiday Project. MUst REad for All!

December 23, 2022/in First Sun Blog/by First Sun Team

Morgan Stanley, Pratt & Whitney and DoorDash are among the companies recently announcing layoffs. With downsizing affecting different industries and small to large companies, it makes sense to be prepared for a disruption in your employment – a job search “go kit” as Boyer Management Group puts it. This is especially true if there is an organizational change, such as a company merger as in JP’s case, or a change in leadership or company strategy.

Request: The company merged, layoffs are coming, and I need to prep for a transition. – JP

Answer: Especially with a turbulent jobs market, you might write something on having your job search “go kit“ ready in the event that his or her job situation can change suddenly in this economy. – Boyer Management Group

This isn’t about encouraging unnecessary anxiety, but rather, being proactive while things are still calm so that you are several moves ahead if something does happen. By taking preemptive action in advance of a career disruption you’ll be able to transition quickly into an active job search. Speed is especially important if you financially need to land your next job quickly and also to stay ahead of all the other job seekers who are laid off alongside you.

Here are seven actions you can take now that will enable you to bounce back from a layoff more quickly:

1 – Confirm your existing severance policy

It’s helpful to review your severance policy when you don’t need it, so there aren’t any negative feelings clouding your judgment. With a clear head, you can list any questions you need to research further, as well as think about what you might negotiate for should a layoff occur. Knowing what you’re entitled to allows you to plan how much runway you have to find your next job and therefore more realistically plan your job search.

 

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We here at FSC want to thank each of our corporate partners for the opportunity in serving & moving each of their transitioning employee(s) rapidly toward employment!

 

Article continued …

2 – Run your numbers

Severance is just one piece of your financial puzzle. You might have savings, another salary in the household or other income sources that will affect the deadline for your job search. Yes, you could wait till you’re laid off to do this accounting. However, knowing your numbers sooner than later gives you more time to plan. You might realize you have more time to look and want to go after a career pivot. Or, you might pursue a longtime dream to start a business or take a longer sabbatical.

3 – Explore lateral move prospects

On the flip side, your numbers might show you can’t afford much, if any, time off. If that’s the case, one of the fastest ways to land quickly is to move within the company. Know what the company policy is for exploring openings in other departments, subsidiaries or regional offices. See if you can find examples of people who have moved from one role to another, or who started as employees and are now consultants. Consulting to your company is also an option — even when a company lays staff off, they may still need the work done and would be willing to hire back staff on a contract basis.

4 – Collect contact information for references and supportive colleagues

Hoping to land within your same company is just one option, and the most productive job searches keep multiple options in play at a time. This means, you’ll want to be ready for an external job search, and that means having professional references for your work, as well as supportive colleagues who can point leads in your direction. Once you leave your company, you leave your equipment and your email platform behind. Make sure that you have in your personal phone and personal email the contact information for all the people with whom you want and need to stay in touch.

5 – Rekindle key external connections

In addition to current colleagues, your network should extend outside your company. (Networking done correctly doesn’t tip off your company that you’re looking!) Former colleagues, social relationships, even classmates from years or decades back are potential resources for your job search. If you have let these relationships lapse, take time now, while you aren’t looking and don’t need anything, to get back in touch with your extended network and rekindle lost connections.

6 – Update your marketing material

Update your resume and LinkedIn profile to reflect your most recent role and accomplishments. As you rekindle outside connections, you may find yourself catching people up on what you’ve been working on – that’s a mini cover-letter. If you catch up over coffee, your introduction is a networking pitch that will help you later in career fairs and interviews.

7 – Itemize the help you need

As you pull these items together – your marketing material, contact list, references, relevant financial numbers – you’ll find some actions easier to complete than others. This gives you an important early indication of where you’ll need help in your job search. Start thinking now about how you’ll get that help – whether you have a mentor or coach you can tap, what your alma mater or local library offers, what books or blogs you can start reading.


Positioning yourself to bounce back from a layoff will help you even if you’re never laid off

A bonus of working on your job search go kit is that these actions will help you even if you don’t use the actual tools in your kit. Knowing your numbers gives you peace of mind or a much-needed jumpstart to save more. Having updated marketing material helps you take advantage of unexpected recruiter calls – or the next opportunity to ask for a promotion or raise. Preparing for the worst increases your resilience and confidence, so you can focus on performing on the job – or taking a much-needed rest for the holidays.

 

Forbes.com | December 23, 2022 | Caroline Ceniza-Levine

 

https://www.firstsun.com/wp-content/uploads/2014/06/fired-layoffs-let-go-box-leaving-work-3.jpg 360 480 First Sun Team https://www.firstsun.com/wp-content/uploads/2018/05/logo-min-300x123.jpg First Sun Team2022-12-23 15:25:262022-12-23 15:25:26#JobSearch : Concerned About Layoffs? 7 Actions To Take In Advance Of A Career Disruption. Great Holiday Project. MUst REad for All!

#JobSearch : How To Manage Your Career Transition With Patience And Purpose. Be More Deliberate & Intentional. A GReat REad!

December 2, 2022/in First Sun Blog/by First Sun Team

Your career will inevitably go through transitions, some voluntary and others involuntary. Voluntary transitions could be triggered by a calendar year’s end, your desire for more flexible work, or the realization that the time has come for you to finally listen to what your inner voice has been telling you. Involuntary transitions may result from restructuring within your organization, getting laid off, or being afflicted with a sudden health issue.

Regardless of the cause, transitions often open up a mix of personal and practical challenges that range from clarifying exactly what’s next to rewriting your cover letter and resume. Successfully managing any professional transition involves first reflecting on where things stand in your career, then taking concrete action to make your professional ambitions a reality.

First, Assess Your Current Situation

Before you embark on any career change journey, take a moment to take stock of where things currently stand and what changes you want to make by asking yourself three questions.

1. How Satisfied Am I With My Career?

When you consider your current professional situation, rate your level of satisfaction across the various aspects of your job you consider most important. You could consider high-level job characteristics like location, industry, organization, function, role, and salary. You could also consider other factors that affect your daily satisfaction like pathways for growth, work-life balance, your manager’s supportiveness, engagement with your work, or opportunities to leverage your skills, interests, and strengths.

2. What Do I Want More Of?

After doing a situation assessment and identifying any outages, especially in areas most important to you, reflect on exactly what you want more of in both your life and career. Start with your life and consider domains like your relationships, physical health, emotional well-being, personal growth, family, or recreation.

Then, think about your career itself. What would you like to have more of in your day-to-day professional life? Consider both the practical and emotional aspects of your job. For example, on the practical front, do you want more people-management responsibilities? More opportunities to lead certain projects? Or more money? On the emotional front, do you want to feel more energized by your work? More alignment with your organization’s culture? Or just more interest in the product, service, or brand you’re managing?

3. What Matters Most To Me Right Now?

Well, it’s complicated. Often, when considering what you want for your life and career, competing interests can arise. Having more organizational responsibility may mean you’ll work longer hours, which could compromise your work-life balance. Doing work that aligns more closely with you values may mean walking away from your stable job in an established industry to work in a less predictable, but more energizing environment.

Having it all is nearly impossible. You have to decide which priorities you want to serve during this specific chapter in your life and career and which trade-offs you’re then willing to make. The reality is, you often need to let go of one thing to make room for something else more important to you.

 

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What Skill Sets Do You have to be ‘Sharpened’ ?

Did you know?  First Sun Consulting, Llc (FSC) is celebrating over 30 years in the delivery of corporate & individual outplacement services & programs to over 1200 of our corporate clients in the U.S., Canada, the UK, & Mexico!  

We here at FSC want to thank each of our corporate partners for the opportunity in serving & moving each of their transitioning employee(s) rapidly toward employment!

 

Article continued …

Then, Act With Intention

After reflecting on where you are and what you want, you must eventually take action to open new opportunities for yourself. Start by taking these three actions.

1. Brainstorm And Identify Lead Options

When making a major move in your career, casting the net wide, at least initially, can often open your eyes to promising opportunities you could otherwise overlook. First, brainstorm all the possible paths you could take in your career without judgment. Consider your natural interests or something you’ve always thought about pursuing. Reflect on those activities you once enjoyed as a child before societal judgement and life pressures set in. Browse articles that highlight hot jobs, growing industries, or companies proactively hiring.

While no path may immediately jump out to you, focus on those that could broadly take your career in a more promising direction. If you struggle to narrow your options, try filtering your list by evaluating whether you can leverage any of your current skills, where you could add unique value, which organizations have people you admire, and of course, what path is financially viable. If the list is still too long, target those opportunities that could provide you with more of what matters most to you right now.

2. Update Job Materials

Creating precise job materials with a clear positioning is much easier once you know exactly which role or opportunity you’re targeting. However, even if you only have a rough idea of which opportunities may be interesting, you can reduce the friction of pursuing them by updating a few key job search materials.

First, create a cover letter template. While eventually customizing your cover letter is important, start by having a broad structure written out so you can more easily fill in the blanks later. Your cover letter template should include at least three parts: why you’re interested, what makes you a strong candidate, and administrative next steps.

Second, update your social profiles. You should assume hiring managers and recruiters will be Googling you online. On LinkedIn, update your professional headline, summary statement, featured content area, work history, and ideally, your recommendations section. On Twitter, update your summary description and ensure your publicly visible tweets align with your desired personal brand. On Facebook and Instagram, ensure your happy with how your bio, About section, and publicly visible content appear. Take a couple minutes to do a Facebook Privacy Checkup. Across all social platforms, ensure you have an up-to-date profile photo and header image featured at the top.

Third, update your resume. Your full work history should include your job responsibilities and key accomplishments, especially those that align well with your target opportunities.

3. Explore Potential Paths Proactively

In my ten years of working with clients and audiences navigating career transitions, the vast majority did not necessarily know exactly where to take their careers next. However, they embraced experimentation and exploration to illuminate potential paths forward. Engaging in the following three activities can help you understand where to take your career next.

First, reconnect with existing contacts in your network, which not only allows you to know you’re on the hunt but also enables you to be in the right place at the right time. Focus on rekindling existing relationships with key contacts including former managers, colleagues, recruiters, industry contacts, mentors, school alumni, and really anyone with whom you enjoy connecting.

Second, build new relationships. Conduct informational interviews to learn about a new sector, role, location, or company. Tap into online resources like EventbriteEB -4.9%, Lunchclub, Fishbowl, Hive Index, and TheOrg to uncover opportunities to virtually engage with new professionals and communities. Try to surround yourself with people you admire living the life you desire for yourself.

Finally, dip your toe into new professional paths you’re considering in a low-risk fashion. Upskilling through an online course or certification program can help you expand your skillset, bolster your credentials, and test how much you enjoy this new path. Attend an industry conference or talk. Volunteer your time.

Make Your Move Once You Feel Ready . . . Enough

At some point, the only way to really know whether a new career path can work for you is to go for it. To change industries, pivot into that other role, or move to a different organization. To take a sabbatical, shift to a different work arrangement, or focus more on your family or personal interests for a while. Or to start that business, launch that initiative, or finally follow up with that person who’s been trying to convince you to go for a certain opportunity.

Navigating any professional transition will always feel uncharted, unsettling, and uncertain. Making this effort to patiently assess what you truly want and then proactively take small steps to start the next chapter in your career will help you be more deliberate and intentional when you decide to make your leap.

 

Forbes.com | December 2, 2022  | Joseph Liu

 

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