What to do after you’ve lost your job.
In the present economic climate, it isn’t unusual for a jobless executive to face up to a year or more of unemployment. This is a lot of time, especially for hard-charging high-performers who are not used to having any free time. While some job seekers spend hundreds, even thousands, of hours discovering daytime television, others seem to thrive on activities that boost their professional careers or resolve family issues when they aren't working.
Having an extended period of free time in the prime of one's life can in fact be a unique opportunity to focus on volunteer service, professional education or personal growth.
For Mrs X, the wakeup call was burned pork chops. An executive who previously hadn't been particularly interested in home and hearth, she had become obsessed with homemaking during a period of unemployment.
She realised that cleaning and organising her home wasn't helping her job search. Nevertheless, "I made lists of 50 things to do every day," says Mrs X, "My house was spotless, just so I'd have something to do."
One day, her boyfriend didn't arrive on time for dinner because he had to work late, and her pork chops were ruined. She threw a fit. "I'd never been a person like that," she says. "So I decided to stop feeling sorry for myself, and go out and do something productive."
Mrs X, 35, resolved to become an active volunteer for the duration of her search. She gave her time to a health-care concern, a housing program and a political campaign.
Community Involvement
The work bolstered her self-confidence. "Volunteering takes the focus off of you. One thing you have that's still valuable is your time. And, of course, you learn that there are thousands of people with a life that's much worse than yours," she says.
Volunteer assignments are also great ways to meet powerful and well connected people. Over a six-month period, her volunteering work evolved into working as a paid consultant and then as a full time employee, a job she still holds today. In all, she was unemployed for eight months.
Before her job loss, she thought she didn't have time to volunteer while working. "Now, even though I have a demanding job, I still volunteer, because of what I got out of it," says Mrs. X.
Continuing Education
Joe Bloggs, a 36-year old information-technology project manager, took another route during his unemployment. When he was laid off from an engineering company, he knew his immediate prospects were bleak. He expected his search to take a year. He faced a decision: take a job that would set back his career or hold out for an offer he really wanted.
Mr. Bloggs, single and virtually debt free, shifted his finances into survival mode. He cashed out his pension, sold his house, unloaded things he didn't need at garage sales, and rented a flat with a lodger. Then, he says, "I signed up for every benefit I could find."
But he wasn't just waiting out the year. He spent the rest of his search updating his skills, including becoming certified in new database and project-management software. "You have to invest in yourself," Mr. Bloggs says. "I estimated what technology was going to be the most beneficial and chose applications that were going to be pervasive, that were right for my market, and that were going to ensure top pay."
In addition to income from the occasional IT consulting assignments, he relied on a combination of displaced worker retraining grants and unemployment benefits. "I went out and found the classes, submitted the paperwork, and dealt with the bureaucracy. You have to stay after them, keeping your benefits moving forward. It's up to you to make it work with your overall transition plan," he says.
His job search was one month shy of the full year he'd expected. He looked for work during his training and says he would have finished the certification programs even if he'd been hired before completing them.
"People should not feel guilty about accepting welfare, government aid, unemployment benefits such as retraining, learning new skills for a new career etc.," he says. "I saw this in a lot of people. They felt that they were taking advantage of the system for taking benefits. My advice is: Get all you can. You've been paying for these programs your entire career, and you may as well start to benefit from them."
Family Matters
In addition to pursuing training or volunteering, some redundant professionals use their time off work to attend to family matters. Many executives re-discover their children or find time to help their parents.
Mr C held three jobs, including high-tech and teaching positions. When he was made redundant from his top paying and high tech job last year, he knew it might be a long time before he could get another job like it. "I was able to work out the figures," says Mr. C, 54. "The number of people made redundant is huge and the number of available jobs is miniscule. At the time, I thought it might be two or three years before the technical industry recovered."
Mr. C’s remaining job, a part-time faculty position with a well known college in London, didn't pay enough to support him. So after a couple of months of searching with no results, he decided to escape. "My plan," he said, "was to get out of an expensive living situation, and either seek work in another section of the UK or overseas, for those two years." Mr C, who speaks five languages, had worked overseas many times before.
Before he found an interim job, Mr C’s mother was diagnosed with a serious and chronic illness, and he was called into duty as a son. Mr C was able to help his mother get her affairs in order without interrupting his search by using a P O Box and mobile phone. "I continued to look for work in London while I was up in Glasgow helping my Mum through her illness."
He took his mother to medical appointments, made repairs on her house, bought her a better car, and straightened out her legal and financial affairs. "I even got to go through my Dad’s effects, which in the five years since he had died were simply piled in boxes," he says.
Mr. C’s stay in London lasted six months. "It's amazing that at this stage I had the opportunity to spend a significant amount of time with my Mum and improve her life and get a lot of things done for her. Most people never have that opportunity. I'm very thankful that I had the chance. It was absolutely worth it," he says.
One of the unexpected benefits was the huge boost in confidence he gained from his role as caregiver. He'd been feeling depressed and defeated when he’d left his previous job. With renewed energy and a more confident manner, he landed a job with a former employer and sis still remains a part-time faculty member.
Discovery and Exploration
Instead of spending time off lamenting your unemployed status, ask yourself: "Is there something I've always wanted to do but haven't got around to doing it yet?"
JD, a 29-year-old in Manchester, recently left an account-manager position at a marketing and PR company. During seven months of unemployment, she rekindled an interest in fine art and completed 18 pieces before returning to work. "I found the art work, or some kind of creative outlet, to be really beneficial," she says. She's now an interior designer for an interior-design firm.
JB, 42, a former IT administrator in Hamburg, recently spent 10 months of unemployment playing the guitar and exploring his lifelong interest in scriptwriting and the movie business. "After 12.7 years at my former employer and knowing how hard I had worked, I knew I had to recover from the loss before I could be restored to my good old self “, he says. "I looked at this as an opportunity, rather than a penalty. This was very much about clearing space for me."
At the executive level, even a very efficient and successful job search may be quite lengthy. It makes sense to spend that time in an enriching and productive manner. These job seekers pursued service, continuing education and building strong family bonds. How you'll look back on a period of unemployment depends on what you do with it.
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What To Do After Losing Your Job
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