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BAKKEN JOBS
March 2012 • BAKKEN BREAKOUT
t’s often easy to spot a round of layoffs looming at your company: There’s talk of mergers or acquisitions, belts
are tightened, and hiring comes to a standstill. But how can you protect yourself in that situation?
A layoff can catch even the most seasoned professionals off guard. But some of these folks are able to take their job loss in stride. In fact, they may not even miss a beat. Why? Because they’ve bullet-proofed their professional lives. You can, too, with these four elements.
An up-to-the-minute resume The moment you’re laid off, you’re going to be chasing down new job leads, each of which will require you to furnish a resume. Your resume must be completely current and immediately available in several formats at all times. The morning after a layoff is no time to start figuring out how to paraphrase everything you’ve accomplished in your former job. You may be reeling with emotion and unable to think clearly.
Remember, too, if you’re laid off with a bunch of other folks from your company, you may be competing with them for each and every lead. In this case, the early bird will likely get the interview. Update your resume every month to make sure you’re armed and ready for anything.
Six months of living expenses If you’re laid off, you’ll probably be eligible for unemployment insurance. However, even the maximum unemployment benefits may pale in comparison to your regular salary and could jeopardize your finances and your entire life.
By Caroline Levchuck
Rather than panicking and accepting the first offer that comes your way, a small nest egg will allow you to make decisions based on what is best for your career in the long term rather than what’s right for your wallet in the short term.
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