Whether you’ve been laid off, or made redundant, losing your job can take a huge toll.
When you lose your job, it’s normal to feel lost, upset and completely overwhelmed. It is usually something that arrives completely out of the blue.
It may be something you never thought you would have to worry about. But unfortunately, 2020 bought with it many unexpected, unwanted experiences.
In fact almost 1 million Australians lost their jobs in 2020 across a broad range of industries.
Fortunately, many of these positions have since been reinstated and many more jobs are continuously being created across the country. Meaning your job hunt may be easier than you thought.
According to research giant IBISWorld, the five largest employing industries in Australia for 2021 will be:
- Professional Services
- Health Services
- Community Services
- Consumer Goods Retailing
- Public General Hospitals
If you have skills in any of these industries and are looking for a speedy transition, 2021 may be your best year yet!
A new year means a fresh start. Plus, there are many productive and positive steps you can take to get you back on track and not only looking forward but moving forward in 2021.
Here’s our top 10 tips to bounce back after a job loss:
1. Take time to process the change
It can be tempting, and sometimes necessary, to launch straight back into job seeking mode. But, after a big change and an even bigger year, taking the time to stop, and process the process can be extremely beneficial.
Take the time to think about what the next best step is for you.
Rushed, fear-based decisions are rarely ever good ones as the legendary Michelle Obama says,
“You can’t make decisions based on fear”
– Michelle Obama
2. Practice self-care
In a stressful time, it’s important to take care of yourself. You may find it helpful to stick to a consistent routine even if it isn’t the same one you used to have. Dedicate some time in your day to do things for you that make you feel happy or productive.
Remind yourself that unemployment isn’t permanent and focus on changing your thinking to be more positive.
A positive mindset will go a long way in discovering a new job.
3. Review your finances
Now is an ideal time to take a look at your financial situation and get on top of any loans or expenses you have been ignoring.
This process needn’t be overwhelming. Start simple – begin by tracking your necessary expenses and create a budget for yourself. Want a great personal budgeting tool? Check out MoneySmart’s Budget Planner.
You may like to speak to a financial professional for advice. Financial planners can not only help you to plan for a brighter future, they will also provide advice and assistance regarding the investment and protection of any benefits you may have received as a result of a redundancy.
4. Don’t take it personally
Most job losses in 2020 had nothing to do with work performance, so don’t take it personally. Companies restructure and change operations every day and sometimes that means good people have to be let go.
Instead of holding a grudge against the company or your old boss, maintain the connections. They may come in handy down the track!
5. Tell everyone!
I know it seems crazy… but hear me out!
Instead of keeping the news to yourself, tell everyone around you – even strangers!
It can be daunting and embarrassing to tell people out loud “I’m unemployed”. But, following it up with “I’m looking for a new opportunity” just may open your next door.
Chances are many people are, or have previously been, in the same situation as you before. Opening up and sharing your challenges or ideas may lead you to some practical advice or a new professional relationship.
There just may be a hidden opportunity waiting for you, but you’ll never find it if nobody knows you’re available.
6. Update your job seeking skills
It may have been some time since you were on the job hunt, it could be worth polishing up your skills and becoming aware of the four main tools you can use.
Here’s your job hunt toolkit:
- Your resume
- Your cover letter
- Your LinkedIn profile
- Your portfolio of work
Make sure your tools are up to date and ready to share. Recruiters and employers are on a mission to find great employees so things could move pretty quickly. Be sure you’re ready for the ride from day dot.
7. Revaluate what you want from a job
While most people tend to view losing a job as a negative experience, some view it as an opportunity to achieve new goals and take a new direction.
We spend about one third of our life at work. So, take some time to think about how you want to spend that third of your life.
If you previously found yourself dreading going to work every Monday morning, maybe see this as a blessing in disguise and a sign to search for something that excites you.
Being open to new possibilities and career directions could just land you in the dream job you never knew you wanted.
8. Don’t be afraid of rejection
Unfortunately, rejection is often part of the job seeking process.
Most of us are afraid of rejection but it comes with setting new goals and pushing yourself to do better.
“A rejection is nothing more than a necessary step in the pursuit of success.”
— Bo Bennett
You may be rejected from 20 job interviews before you find the perfect one for you. Don’t let it get to you. It’s a stepping-stone to your next perfect job.
9. Network and network some more
These days, networking is crucial to achieving more in your career. If you have already told all your friends and family about your situation and your goal as we outlined in step 5, it’s time to network with professionals in your industry to develop long-lasting relationships and help you land your next job quicker!
According to a Forbes article on networking,
“When people start noticing you, it opens the door for newer opportunities. Business and career-minded individuals who have networked over time have been able to expand with minimal effort because of the avenue of newer opportunities opened to them through networking.”
10. Seek help from a recruiter
Engaging with recruitment firms is a unique type of networking, one that can directly lead to a new position.
Making yourself known to local and industry-specific recruiters will help your name and experience to be recognised. Recruiters have the connections and knowledge to find you an incredible job opportunity fast.
Coastal Recruitment Group is the leading boutique recruitment agency in Newcastle and the Hunter. Our team specialises in the professional services industry matching great employers with enthusiastic candidates.
If you are on the search for your next position, contact me on LinkedIn or send through your resume to firstname.lastname@example.org. This could be the first step on your journey to making 2021 your year for success.
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