Protect your career now by taking these 4 steps:
1. Imagine the worst event that could happen to you in your career.
- You get laid off or fired, or your career path becomes obsolete.
A. I would live off my savings and credit cards and I would apply for unemployment.
B. I would look for another job in the same career path.
C. I would change careers or start my own business.
3. Figure out what, if anything, you need to do to make each response possible, and DO IT.
A. To prepare financially, right now I need to:
- spend less and save more money so I have more savings in case my job/career search takes awhile.
- research the availability of short-term self-employment or contract work options to tide me over until I get a more permanent job offer.
- Talk to other people in my industry (outside my current employer if possible), reconnect with old contacts & mentors.
- Find out the eligibility requirements for unemployment, how much I would get, and for how long.
- Research current job market. Who's hiring? If no one is hiring for my specific job title, are there other jobs using my skills I could transition into? What would be required for me to do that?
- Update my resume and see what skills I can brush up on or add.
- Reconnect with old contacts and mentors.
- Know myself. I can do that through self-assessment, either through online help or seeing a career counselor. What careers match my personality?
- Know my options.
- Identify careers that interest me and explore them.
- Evaluate self-employment and starting my own business.
- Make a good decision using a thoughtful, step by step approach that ensures no regrets.