This past Friday, the Bureau of Labor Statistics reported that the nation's employers cut 533,000 jobs in November.
It appears that trend will continue.
I have been talking with companies that are planning for big layoff’s at the beginning of the year. Some of these soon to be displaced folks haven’t had to look for a job in over 10 years. My company intends to prepare them for the 21st Century job market. While it doesn't seem like it in the short-term, these people are fortunate. Most companies aren't including services like ours as part of their severance packages. TR Career Transition Services.pdf
If you hear the words,
"Unfortunately, the company is being forced to make cutbacks and your position is being eliminated…"Are you prepared for what comes next?
Chances are, you're not. That much is evident with all the people walking around, scared to death about losing their jobs. Dude…chill out, lay off the anxiety meds, and take control of your career.
Here are some things you need to do STARTING NOW:
1. Save money. Make sure you have extra money in the bank in case that severance doesn't stretch very far. In a job search, time affects quality. The less money you have, the more desperate you get. And that's when you take that lame job with crap pay.
2. Be clear about your Ultimate Career Lifestyle. Have a career plan that is built around your UCL…not around a path in a single company.
3. Build and maintain your network. If you only do one of these this is the one to do. Start connecting with those colleagues from the past, doing small favors, and putting all that good Karma out there to come back to you. Use social media sites like FohBoh, Linkedin, and Talent Revolution to stay connected and begin expanding your network.
4. Know where to go for some side work or a consulting gig. This can also buy you some time. Remember time=quality There are groups that pimp out this kind of work. For some this may be a great opportunity to start your own business. Our consulting group has noticed that with all of the layoffs we are getting more request for outsourced work. Starting your own business is hard, actually the hardest thing I’ve ever done, however, there’s something liberating about being in control of your own destiny rather than having it in the hands of some whack job exec (ok, not all execs are whack, but there's plenty of evidence that some of them are).
5. Begin developing multiple streams of income. Today is the day of Slash careers. Read the book, "The One Minute Millionaire." Make a list of 100 things you could do to make some extra dough. If a teenager can do it you can.
6. Work with a Career Coach. Now, while you have the money, it may be a good move to invest in a Career Coach who will help you design a 5-year UCL plan. If you want a referral to a few great coaches, I have a stellar list.
7. Stay up-to-date on 21st Century job hunting trends and techniques. Actually, if you continue leveraging social media to build and maintain your network, you won't need to worry as much about the other stuff.
These steps should be taken whether you lost or are at risk of losing your job or whether you are living your UCL with a great company. It's about being in control of your career.
Now here's a video dedicated to my homies that have lost their jobs this year.
The National Restaurant Association has released three new DVDs that offer best practices in dealing with harassment and discrimination, customer service training, and the first of its kind video guide on the use of social media.
The coffees come in a variety of roast levels and include organic and Rainforest Alliance Certified™ options: French No. 6®, Red Wagon® Organic Coffee, Good Morning™, Hi-Rev® (delivers more caffeine), and Lost Lake™ Decaf Organic Coffee.
If you are looking for capital to start or grow your restaurant, create the next 501c3, develop and launch the next app for the restaurant industry,or want to help your peers in some meaningful way, we want to know about it.
Hamish Jolly, an ocean swimmer in Australia, wanted a wetsuit that would deter a curious shark from mistaking him for a potential source of nourishment. (Which, statistically, is rare, but certainly a fate worth avoiding.) Working with a team of scientists, he and his friends came up with a fresh approach — not a shark cage, not a suit of chain-mail, but a sleek suit that taps our growing understanding of shark vision.
Our energy future depends on nuclear fusion, says Michel Laberge. The plasma physicist runs a small company with a big idea for a new type of nuclear reactor that could produce clean, cheap energy. His secret recipe? High speeds, scorching temperatures and crushing pressure. In this hopeful talk, he explains how nuclear fusion might be just around the corner.
At her first museum job, art historian Sarah Lewis noticed something important about an artist she was studying: Not every artwork was a total masterpiece. She asks us to consider the role of the almost-failure, the near win, in our own lives. In our pursuit of success and mastery, is it actually our near wins that push us forward?
Pick up a book, magazine or screen, and more than likely you'll come across some typography designed by Matthew Carter. In this charming talk, the man behind typefaces such as Verdana, Georgia and Bell Centennial (designed just for phone books -- remember them?), takes us on a spin through a career focused on the very last pixel of each letter of a font.