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.
You know the drill - money is tight so your spouse tells you to not spend too much money. So you start 'brown-bagging-it' to work. You feel a little foolish, maybe a little humiliated, that you’re forced to do this but you have no other choice. So you make up some story for your co-workers like, 'I’m trying a special diet' so you don’t look like a cheap-skate.
Anthony’s Fish Grotto, San Diego’s oldest family-owned and operated seafood restaurant company, is embarking on an ambitious effort to rebrand and remodel its restaurants, including the North Embarcadero flagship location that houses Anthony’s Fish Grotto, Anthony’s Fishette and Anthony’s Star of the Sea Event Center.
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.
Perhaps you’ve punched out a paper doll or folded an origami swan? TED Fellow Manu Prakash and his team have created a microscope made of paper that's just as easy to fold and use. A sparkling demo that shows how this invention could revolutionize healthcare in developing countries … and turn almost anything into a fun, hands-on science experiment.
Vending machines generally offer up sodas, candy bars and chips. Not so for the one created by TED Fellow Gabe Barcia-Colombo. This artist has dreamed up a DNA Vending Machine, which dispenses extracted human DNA, packaged in a vial along with a collectible photo of the person who gave it. It’s charming and quirky, but points out larger ethical issues that will arise as access to biotechnology increases.
Privacy researcher Christopher Soghoian sees the landscape of government surveillance shifting beneath our feet, as an industry grows to support monitoring programs. Through private companies, he says, governments are buying technology with the capacity to break into computers, steal documents and monitor activity — without detection. This TED Fellow gives an unsettling look at what's to come.
What does the future of business look like? In an informative talk, Philip Evans gives a quick primer on two long-standing theories in strategy -- and explains why he thinks they are essentially invalid.