6 tips to prepare yourself for Job Loss

Experts believe people can be prepared in many ways for job loss and suggest the following tips to start with

1. Plan your Savings

If one fears being laid off their jobs, they should start planning their savings to take care of their bear necessities when they do not have a job

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They can also start by exploring freelance opportunities, business opportunities and senior consultant posts.

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2. Expand your skills

Older people can diversify and expand their skill set to make them more valuable to the company to avoid the possibility of a layoff.

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They can also invest in training programmes to improve their knowledge in areas that have high demand in the industry

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3. Work on Resume

If you have been in your job for a few years, there is a possibility that you may have not looked at your resume.

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Experts say it is important to keep the resume updated not only for when you are laid off but also if you are considering a job change

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4. Be Grateful

Do not feel any job is smaller than the one you had, once you are laid off because a job that brings food to the table, the experts say, should be given respect

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5. Help around

Now, we all know it is impossible to do anything alone. So, it is important for friends, family and colleagues to help those who have lost their jobs ..

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.. by pointing them towards a new opportunity or lending support emotionally

6. Pursue your passion

Losing a job also provides people the opportunity to pursue their passion projects. It is even easier if they have always been passionate ..

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.. about other things than their job like painting, cooking or baking. These could turn into new career paths