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6:49 pm
May 3, 2012
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Andi B.
| | PDX | |
| Member | posts 272 | 
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So I kind of see the writing on the wall. My company is taking a different marketing tact and I'm pretty sure that within three to six months I will be, at best, working on an as needed basis. So how has everyone here prepared for a job loss? And if you did lose your job, how did you keep from going crazy?
Right now I'm retooling my resume, revisioning my skills to possibly be an independent contractor, and taking a hard look at how I define myself and who I would like to be "when I grow up." I know I'm in the thick of it and not necessarily seeing all possible angles so, what else should I be doing?
And also, do you think I should ask my boss what his plan is for my position? He may not see things the way I do.
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Andi B.
Make the life you want.
Enjoy good food.
Enjoy good friends.
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7:51 am
May 8, 2012
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Call Me What You Want Even Cheap
| | Toronto, Canada | |
| Member | posts 121 |
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It's never easy when you think you may lose your job. Good for you and wanting to prepare yourself. I would suggest saving as much money as you can to hold you over if you do and up loosing your job.
Network, network, and network. Let people know that you're looking for work as an Independant contractor.
I do think you should talk to your boss to find out where your position stands. It will help you to prepare.
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2:59 am
May 30, 2012
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Liquid
| | Vancouver BC, Canada | |
| Member | posts 59 |
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It wouldn't hurt to ask the boss about the general direction he sees the company is going. It will get the idea across that you are concerned about your position without being too direct. Of course just in case, keep a record of your recent accomplishments, paperwork, etc so you can make a good case for yourself if your job security is in jeopardy or you are trying to make a good impression for a new employer. Prepare for the worst but hope for the best.
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6:28 pm
June 5, 2012
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eemusings
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I say sit down with him and have a chat – it can't hurt and will hopefully give you some more clarity.
Like Liquid I'm a big proponent of hoping for the best, planning for the worst. I'd probably be drafting up a bare bones budget, thinking about my skillset (and trying to expand it now), networking, setting up a portfolio site, looking at potential freelance/contracting opportunities. And I guess maybe if you're in the US you might need to think about health insurance?
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7:58 pm
June 5, 2012
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Edward Antrobus
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I've only had temporary jobs since moving out here. So I've always known when my job was going to end. As Even Cheap pointed out, your best bet is to get the resume updated and left everyone and their brother know you're looking for a new position.
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9:13 pm
June 20, 2012
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Renée @ NickelbyNickel
| | Canada | |
| Member | posts 105 |
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Post edited 9:14 pm – June 20, 2012 by Andrea @ NickelbyNickel
agreed with EE and Liquid. We've recently lost some work, it's about 5 weeks ago now that we received the news. So far jobwise for me not a whole lot has changed but the same day we lost that contract I sat down and did a bare-bones budget. I also started looking into gradschool/furthering my skills and over the past few weeks have been working on improving relationships with current customers, looking for positive references etc to add to my resume, which I'm updating at the moment.
Definitely sit down with your boss, you have a right to know your future with the company. As the others said, plan for the worst, hope for the best. It's exactly what I'm doing until either the SHTF or things mellow out.
Also, I'm sorry you're in this position, I know it totally sucks.
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2:42 pm
July 8, 2012
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Andi B.
| | PDX | |
| Member | posts 272 |
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So I sat down with my immediate supervisor who assured me that there was plenty of work in the pipe and I shouldn't worry. I'm not going to worry, but I am going to try to diversify my income. I posted my Virtual Assistant services and am looking at getting real estate license. My husband and I are also sitting down together to work on our finances (which is a real gift).
Thanks for all your support!
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Andi B.
Make the life you want.
Enjoy good food.
Enjoy good friends.
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4:22 pm
July 10, 2012
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Ryan @ Planwise
| | San Francisco | |
| Member | posts 62 |
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While I know the fact of losing your job can happen on a whim, and the only way to be really prepared is to have some saved up money and or side income. I don't think a lot of people have that or have the time.
As I said no one can really know when they will get the can, but you can at least test your curent/future finances in the case of the loss of your job.
I work for a tech startup called Planwise, we like to call ourselves mint of the future. We allow people to understand concepts like losing your job before it happens and how long you'd survive financially before you ran out of coin or find another source of income.
I personally don't have any money saved up. If I lost my job.. id be up sh*t creek. I need to work on my own finances and get out of debt. 
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5:37 am
July 28, 2012
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One Frugal Girl
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I lost my job last fall. I was lucky because I received a six month severance and my son was about to be born so I didn't have to think about the job loss I had better and happier things to focus on :) The best thing you can do is save as much money as you can while you are still working. Build up those reserves as much as possible. Network with anyone and everyone you know and even interview elsewhere. You might even find a job you like better than your current one. A lot of my coworkers waited for the axe to fall instead of being proactive. I actually had a job lined up a few weeks of finding out about my job, but I ultimately decided to stay home with my son.
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9:00 pm
July 29, 2012
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Financial Samurai
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Andi,
I would be proactive if you know you are at risk and actually try and see if you can get FIRST in line to get laid off so you can have the best severance package.
Employees have way more power than they know. It's why I wrote my book on how to engineer your layoff. Your severance package is negotiable, and could be HUGE!
Best of luck!
Sam
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Regards,
Sam
Financial Samurai - Helping you achieve financial freedom sooner, rather than later.
Yakezie Network Founder
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10:49 am
August 6, 2012
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WellKeptWallet
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I think it is important to Do What You Love. So, with that being said, I would make a list of things that you love to do. Then I would make a list of companies that would allow you to excel at what you love to do. Also, I would stock away some cash in an Emergency Fund so that you can weather the months when you're without income. Wish you the best!
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8:44 pm
August 14, 2012
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momoneymohouses
| | Vancouver, BC, Canada | |
| Member | posts 20 |
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I think you're doing the right thing by not ignoring the possibility of you losing your job but getting prepared just in case it happens. I'd say brushing up your interview skills and updating your resume is a good way to go, then start applying to jobs and ask anyone you know if they know of any openings anywhere. Sometimes word of mouth is the best way to find out about a new job.
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