Many people experience being let go from their place of employment during their lifetime. Being let go as an employee can be for several reasons, ranging from employee performance to company reshuffling. No matter the reason, it’s essential to take the proper steps after you’re let go and remain professional for greater success in finding a new position.
This article will discuss some further steps you can take in finding that success after losing your employment while helping you thrive.
Money worries may be high on your list of concerns.
Being let go refers to when someone gets laid off, although some organizations may also call it being fired. Either way, when you’ve been let go of your job, you will no longer have responsibility for performing your job duties at the company that employed you.
Whether you’re laid off, fired, or let go, your employment will have ended. However, even though it may be a hard change, you could think of using this as an opportunity for up skilling or pivoting towards a new career. Readjusting your mindset will help you move forward faster with a positive attitude.
What Does it Mean When You Get Let Go From Your Job?
If your employment is ended, it could be because of your performance issues, which means an employer can end your employment even without providing a cause. Whereas a layoff happens outside your control, like company restructuring or less money in the budget. If your job ends, it will affect how you search for a new job because you will need to explain how your previous job ended.
Tips to Keep in Mind
Before leaving your job role, you will speak to your manager. Try to use this time to understand the reason behind your termination and work on improving your performance. For example, if your job ended because you were always late, take steps to improve your time management.
Use the knowledge gained to improve yourself, it will have positive effects on your future life.
Being laid off can come as a big surprise, but there are ways to move on from it.
Things You Can Do After Getting Laid Off:
Consider filing for unemployment straight away to keep money available in your account.
This can help keep you afloat as you begin a new job search. Explain your layoff in your cover letter when applying for a new job.
Being upfront about being laid off will let employers know you didn’t lose your job because of poor work performance.
Questions You May Have Following Your Job Loss Are:
Will I Get A Termination Letter?
This depends on the state you live in, but most states don’t require termination letters. In the few states that require them, employers must provide the employee with a letter that explains the reason for the termination, the effective date, and information about benefits or final pay the employee will receive.
Do Laid-off Employees Qualify for Severance Pay?
Severance pay is the final pay and benefits your employers owe you at the end of your time with them. Even though a laid-off employee is more likely to get severance than an employee termination, the severance options vary by employer. So after finding out that you’re getting let go, be sure to ask your employer about a possible severance package.
It’s likely that if they fired you, you wouldn’t qualify for severance pay, but many employers will provide severance for their employees if they’re laid off, and there’s no harm in asking either. In addition, receiving a severance package can help you deal with the time you won’t be receiving a regular paycheck, leaving you free to carry on getting a new job. Keep in mind though; your severance pay will taxed as regular income. You can learn more about how that works at Freedom Debt Relief.
Remaining professional when you receive the news of your layoff may feel impossible. You will have a range of new emotions to deal with. But to move forward from your job loss and thrive, start with maintaining a positive relationship with your previous employer.
Be strong and believe in yourself, and respect the process, whatever that may be. In the worst-case scenario, if the employer’s method is to have security walk you out, which happens, realize it’s not personal and accept it. That is the first step in accepting your job loss and moving on.
Sharing the News about Your New Employment Status
One of the more challenging parts of job loss is relaying the news to your friends and family or company representatives about the loss of your job. Depending on the relationship with the person and situation, details may have to be told differently for each one. You don’t have to make stories up, but you can be selective about how much you share with them.
Keep your answer simple, especially when speaking with a new job prospect. Keep focusing on the excellent qualifications you bring to the workplace and less on your previous job loss.
Update Your Resume As Soon As Possible
Updating your resume as soon as possible after leaving a company is a good idea, no matter why you’re now looking for a new job. Try to do this as quickly as possible, so everything you did at your old job is still fresh in your mind.
Include duties you performed and skills you learned and accomplishments you had, etc. Now your confidence will start to be restored, as you’re becoming ready to get back into the workforce.
Reach Out to the Network you Already Have
Let your network of contacts, such as business contacts, previous workmates, friends, and neighbors; know that you’re searching for a new position. Ask if they know of any roles you may qualify for.
Expand Your Network For New Job Prospects
Expanding your network can mean attending networking events, taking additional training or courses, and joining groups or seminars related to your industry. These things will help you connect with others who have similar backgrounds to yours while helping you to learn from experts who can guide you further into your career.