The pink slip epidemic. Are you ready for yours?

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 "pink slip" remix


The "Pink Slip" Remix from Laid-Off And Looking on Vimeo.
amanda hite
founder, president
talent revolution
a drastic change in thinking and behaving with talent

Views: 2

Tags: amanda, career, hite, laid, off, pink, revolution, slick, talent, transition, More…unemployment

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Non-Operator
Comment by Toni Shizuru on December 15, 2008 at 12:41pm
Love the video! And great advice. I am one now included in that unemployed statistic and I agree whole-heartedly with Cajun Chef Ryan. Networking was very different back in the day. Time to prepare myself for that job search. Thanks!
Comment by Matt Urdan on December 12, 2008 at 9:08am
Awesome advice, Amanda...probably the best tips I've seen out there...especially concerning developing multiple revenue streams.
Comment by Dani on December 11, 2008 at 11:24am
Great advice! As they say, necessity is the mother of invention, and I think this lagging economy will definitely force/inspire people to get creative and develop new ways to be successful.
Comment by Amanda Hite on December 9, 2008 at 11:22am
@BC, what's Friday look like?
@KB, thx friend
@CCR, thanks for joining in on the conversation. Social media has revolutionized job searching.
@PP wow, thanks for spreading the word. this epidemic is affecting all of us close to home (loved ones etc). i'm convinced with dilegence, clarity and optimism great things will come.

Non-Operator
Comment by Paul Paz on December 9, 2008 at 9:52am
Hi Amanda...
Practical forward thinking! I took part of your article plus the FOHBOH link and forwarded it to about 1,000 of my peers. (I read the full artilce myself... Just in case!) I had two of my four siblings get laid off Thanksgiving week (nonrestaurant).
Paul

Non-Operator
Comment by Cajun Chef Ryan on December 9, 2008 at 9:28am
Amanda,

Great tips and the vid is too funny!

Having had to suffer through being laid off on a number of occasions in the early 1990's I know all about the pain and heartache.

Wish I had this list back then, but 18 years ago networking meant calling up all your work buds and writing a few letters. And a social was an afternoon tea party! LOL

Regards....

Non-Operator
Comment by Keith Bernhardt on December 9, 2008 at 6:57am
Amanda,
As always, great advice.
Despite the gloomies, everybody must keep a positive outlook.

Non-Operator
Comment by Bill Campion on December 9, 2008 at 6:42am
Amanda: I love it. This guy in the video is a man after my own heart he believes in dancing like nobody's watching. Great blog as always. This is great advice for anyone. Let's get together when you get back. BC

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