Search
Advice » In the Workplace» Workplace Issues » Managing Your Layoff
Managing Your Layoff

Managing Your Layoff

You sit in your cubicle and watch your company's head count go down month by month. You know it's just a matter of time before layoffs affect your department.

Snap out of it! Instead of waiting to become a statistic, get yourself in position to manage your layoff.

Voluntary Layoffs

A number of companies are offering fairly attractive separation packages to employees who voluntarily leave their jobs. "Hmmm," you might wonder. "Why would I want to consider such an option?"

There are several reasons:

  • Your company is obviously going through a slowdown. This means it may be awhile before you see a raise or promotion.
     
  • The atmosphere at work will probably be dismal for some time to come. Do you really want to work in such an atmosphere?
     
  • If you stay with your current employer and are laid off six months from now, will the job market be tighter for candidates with your skills? If it is, will you then be forced to take a significant salary cut?
     
  • The best separation packages are usually the first packages offered. If you hold out for the next separation offer, will it even come close to what you could get now?

The Best Defense Is a Good Offense

It's human nature to want to stick your head in the sand. If you don't know something dismal is coming, you can sit in your cube and be happy, right? But the uneasiness of not knowing whether you'll be on the chopping block can be very wearing.

It's time to take action. Request a meeting with your boss and let him know your concerns. Ask him to be candid. If he tells you a layoff might occur in your department, ask if the company would be open to you interviewing while still employed. Say you would expect to make up the time by coming in early or staying late.

If you're told your position is fine, proceed with caution. It may be fine for now, but no one, not even your boss, can guarantee you will have a job six months from now.

Reactivate Your Network

Perhaps you've been a bit slack and haven't kept up with your associates. Now is the time to recharge your batteries and reactivate your network. It's easier to call someone just to say hello than it is to call someone to ask for a job or some leads, especially when you haven't spoken to the person in months.

If you find you are not in the job market, all the better. You've learned a valuable lesson about the importance of keeping your network greased.

Dust Off Your Resume

Time to update the resume and make sure it's in working order in case you're suddenly in the job market. You'll be in a much better frame of mind to do this when you are steadily employed, rather than when you are mourning a job loss.

Do Your Homework

Check with friends and see what their companies are offering in terms of severance packages. This way, you will not be operating in the dark should one be delivered to your desk. You will be in a much stronger position to negotiate better terms if you know what other companies are offering.

Going through a layoff can be very stressful, but if you are prepared, you can reduce the stress substantially.

Articles in This Feature:

Latest Jobs

Sears
Posted: 09/02/2014
Greenville, SC, 29607
Sears
Posted: 09/02/2014
Myrtle Beach, SC, 29577
ABC Restoration, Inc.
Posted: 09/02/2014
Houston, TX, 77267
Competent systems, Inc.
Posted: 09/02/2014
Tampa, FL, 33601

Want more personalized results?  Update Your Profile

 
 
 

Monster Communities

Teaching Community
Where teachers meet and learn.
ArtBistro
Create and connect.
Excelle
Networking for the career-minded woman.
Nursing Link
Where nurses call the shots.
More Monster Communities

Monster Partners

Scholarships
Scholarships, financial aid and more ways to pay for school.
Education.org
Find top campus and online degree programs.
Military.com
Military portal for the US Army, Navy, Air Force, Marine Corps and Coast Guard.
Financial Aid
Scholarships & financial aid.
Staffing for Government Jobs
Staffing and hiring solutions for federal government agency jobs.
More Monster Partners

Job Hunt Strategy

Six Ways to Make a Recruiter Hate You
If you want to blow your chances with recruiters -- and, by extension, with the companies they work for -- here are six perfect ways to do so.

Resumes & Cover Letters

Rev Up Your Resume to Relocate
Hoping to relocate? Get the ball rolling on landing the right job in the right location with these expert resume and cover letter tips.

Interviewing

100 Potential Interview Questions
Interview questions can run the gamut. You probably won't face all 100 of these, but you should still be prepared to answer at least some of them.

Salary & Benefits

10 Questions to Ask When Negotiating Salary
Most of us aren't natural negotiators, but asking these 10 questions during salary negotiations can help you get everything you deserve.

Employee Sourcing

Alt text
November Monster Employment Index Grows 13% Year-Over-Year, Tenth Consecutive Month of Positive Annual Growth.

For Seekers

Campus and Online Degrees
Advance your career and earn more with an online degree.
Free Salary Wizard
What are you worth? Find out and negotiate a better salary.
Research Careers
Get information on jobs and career paths to help guide your choices
Questions & Answers
Find answers to all your career related questions -- powered by Yahoo! Answers
Resume Distribution Service
Our distribution service puts your resume right in the hands of recruiters.
Resume Writing Services
Our experts will craft a keyword-rich resume that stands out in the crowd.
More Career Resources

For Employers

Career Ad Network
Target your job posting to more candidates on thousands of websites.
Hire Right Background Checks
Explore our background check packages to improve the quality of your hires.
Hiring Home Page
Find the best candidates for your business with Monster hiring solutions.
Job Postings
Find the right solution for your hiring needs. Starting at $99.
Power Resume Search
Monster's new search technology precisely matches people with your jobs.
Resource Center
Find staffing insights, labor trends, HR best practices and more.
Target Post
Connect with skilled, hourly and administrative candidates for only $99.

Social Media

Jobs on Twitter
Find jobs in your area and industry.
Monster Careers
Tune into our career advice and discussions tackling a wide range of topics and industries.
Monster Corporate & PR
Stay up-to-date on the latest news. Get the 'Who', 'What', 'When', and 'Why' on all things Monster related.
Monster Customer Service
Got a Monster question? We've got the answer. Whether you're a job seeker or employer, we can help you find the answers you need.
Monster for Employers
Find advice on hiring.
Follow Us
Check out our many pages and stay connected with the latest industry news, events, career advice and job openings.

Other Links

Monster Company Profiles
Explore companies and get information to guide your career decisions.
Compare Salaries
See how your pay stacks up to others in your field.
iPhone Application
Download the Monster app for iPhone and iPod touch.
Monster Job Seeker Blog
Monster Job Seeker Blog.
Monster Thinking Blog
Monster's Recruitment Trends Blog.
Jobs & Career Resources
Search Jobs:
For Employers: Post Jobs | Search Resumes | Advertise
About Monster | Work for Monster | Advertise with Us | AdChoices | Partner with Us | Investor Relations | Social Media
Terms of Use | Privacy Center | Accessibility Center | Help | Security | Contact Us | Sitemap | Mobile
©2014 Monster - All Rights Reserved U.S. Patents No. 5,832,497; 7,599,930 B1; 7,827,125 and 7,836,060 MWW - Looking for Monster Cable? - V: 2014.4.45.50-217
eTrustLogo