Perhaps you saw it coming; you've been made redundant due to a reorganisation, or maybe you didn't expect it at all; you're suddenly dismissed because you and your employer have differing views on how your tasks should be executed. So, what do you do next? When do you start applying for jobs? In short, losing your job brings significant movement into your (working) life! Here are 7 valuable tips on how to handle job loss (although everyone experiences this in their own way, of course).
1 Take your time!
Being dismissed is a significant event in an employee's life. It even ranks in the top 10 of the most severe loss experiences, alongside the death of a loved one, divorce, serious illness, war, and trauma. After dismissal, you experience a whirlwind of emotions and go through various stages including disbelief, denial, anger, bargaining, sadness, and ultimately acceptance. To effectively process your dismissal, it's essential to navigate through all these stages, which takes time. Consider seeking support from a coach or other professionals if you feel stuck during this process.
2. Discuss it!
For many, a job is closely linked to their sense of self-worth and identity. Losing a job can be a profound experience, and many people feel embarrassed to share this event publicly. However, it can be very helpful to discuss it with friends and family. This allows you to share your story and receive support, and at the same time, it lets others know that you are available again on the job market.
3 New opportunities, new beginnings!
Consider your resignation and departure from your previous employer as a fantastic opportunity to delve into your talents and motivations and align them with a suitable role in the dynamics of the financial sector. Consider seeking a career advisor to support you in this process.
4 Go networking and create a networking plan!
More and more people are obtaining new jobs through their network.
(It is estimated that even 70% of jobs are obtained via networking). Network strategically and utilize social media platforms like LinkedIn and Facebook for this purpose. Which people in your network can you have a coffee with at organizations that seem fantastic and challenging to work for? These people already work there and can tell you all about it! Create a concrete networking plan for the coming weeks/months with the names of people working at your top 25 organizations in your region that you can possibly speak to.
5 Explore the job market!
The job market is a dynamic environment. In the financial sector, technology is driving significant changes. This greatly impacts organizations and the roles that are and will be needed. Investigate where you can add value with your unique talents and expertise. During your networking conversations, you can effectively ask your contacts how they experience these changes within their organization and which functions or roles they see emerging.
6 Create an up-to-date and distinctive resume
Adapt your CV and LinkedIn profile into a Distinctive Resume to make yourself appealing to recruiters and potential employers. Tip: Do not mention that you are available for a new challenge. Recruiters often look for candidates who are still employed. During the interview, you can mention that you are no longer working there.
See also application advice
7 Be positive!
(Including information about your former employer)
Positive behavior encourages positive behavior. You only get one chance to make a first impression, so ensure it's a positive one. Share something interesting about yourself, and ask the other person positively phrased questions. Speak positively about your former employer, regardless of past events. After all, you want to leave a positive impression on your network contact; who knows, this might lead to an introduction to another contact, bringing you a step closer to your dream job at your dream organization. Your potential new employer wants to see that you have moved on from your previous role and are eager and enthusiastic to start working with them.
In conclusion
With the above tips and your newly gained insights into a suitable position, you can ask Danielle for further support. Good luck with your search for a new challenge!