7 Ways to survive Downsizing by jim stedt


7 Ways to survive Downsizing by JIM STEDT
Article Posted: 03/25/2014
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7 Ways to survive Downsizing

Business

At some point in every career you will face being downsized. The best thing you can do is not panic, then follow these 7 rules to surviving downsizing. The first step is to determine alternatives with your current employer. Approach them with the possibility of either working part time or doing consulting. Some organizations have different budgets for salaries and consulting and there may be money available of a consultant instead of a full time employee. The second rule is to evaluate your financial position. Start cutting back on expenditures and make sure that you file for unemployment. Determine the absolute minimum salary you will require so you don’t end up taking a job that cannot support you or your family. Assess your career goals is the third rule. It is now time to decide what your future holds. You can back to the corporate world, start your own business, look into franchises or if you are old enough and your finances allow, retire. If you decide to go back to the corporate you need to know rule number four and that is to update your resume. It is important to take a good amount of time in your resume creation. Contact some of your peers and ask them to help you remember some of the special projects you were on that were not part of your job description. Make sure that you include any special business related classes you may have taken or your company provided. Rule number five is to update your references. It is important to first contact your references and verify that you can use their name(s). Then make sure that you send them copies of your resumes to remind them of the time you worked together along with what you did. It is also a good idea to take your references with you on your interviews. Charting your course is rule number six. Now it is time to put your job plan together, starting with LinkedIn. It is probably the best internet site to find a job. You can back this up with the other top job searching web sites. You want to include local networking groups, associations relating to your industry and personal contacts. The seventh and final rule is to start and maintain your search. It is important to work your job plan every day it is equally important to begin thinking about the interview process. This is where you need to shine. A good interview will get you that job! Jim Stedt is a partner at The Business SoftSkills Company (GetSoftSkillsNow.Com) located in Santa Ana, California. They provide job readiness and workforce success videos for education, business, prisons and individual use. Training is available online, on DVD, or through an affiliate program. These products are the most complete and concise soft skills training packages now available for the price of an average college textbook.

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