If you’ve ever been downsized by your employer you know that it’s a crappy feeling. Most of the time you’re blindsided and had no idea that it was coming, which makes it even worse. In any event whether you knew it was coming or not does not matter it sucks in plain English. Even though being “downsized” is not the same as being fired, it actually is considered as such from a technical standpoint.
How do you know?
Well, I was downsized 10 years ago. What a drag. The good thing was I was single and did not have a family at the time so I was fine. No to mention I had plenty of dough in the bank. It was okay as far as that was concerned. But what a kick in the pants honestly. Why? I had not been fired for anything ever in my life. Even as a teenager, when you usually get fired from your first job for doing stupid shit or being an idiot. Wasn’t me.
Even though this experience blows at the outset there is a lot of good that can come out of it regardless of where you’re in your life.
When Downsized By Your Employer You Have Been Given A Clean Slate
What do you mean by that?
It’s almost like a get out of jail free card.
Chances are you weren’t 100% happy at that job and doing what you’ve been doing for so long. Now you have the opportunity to go in a different direction if you choose.
What do you mean by that?
We as humans tend to get complacent and go with the flow. You may have wanted to quit that job, but the pay was good and it felt safe. Besides going through the whole job hunting process is laborious and stressful. So, why do that when you really do not have to.
Makes sense. I get that.
But, now the tables are turned. You’re forced to evaluate where you’re at and where you’re going.
Which is a great thing.
Well it’s giving you the opportunity to decide whether you want to continue on the same career path or go in a different direction.
If you decide that you want to keep doing what you’ve been doing then, simply make sure to do the following.
- Work with recruiters in your industry to see what’s out there and get some job interviews.
- Network with old colleagues and friends to see if they know of any opportunities out there.
- Go to networking events which there are a ton. Meetup.com is a great resource for that.
- Scour the job boards and spend time applying for positions in your wheelhouse.
If you want to explore other avenues i.e. starting a business of some kind you should.
- Figure out what you’d like to be doing on a daily basis.
- Determine how much start up capital is needed.
- Be sure that you have buy in from your spouse. They don’t have to be on board 1000% but you need to be in the same book, if not on the same page.
- What’s your exit strategy? Or Back-up plan?
As it relates to your back-up plan it’s not a bad idea to have a back-up to the back-up plan too. Being caught with your pants down is not a good thing, especially if you have a family to support.
If you’re really ambitious you may decide you want to go back to school. God bless if you do, but I rather have a root canal. Anyway, here are a few things to consider.
- What’s your ROI going to be on the certificate/degree you earn by going to school? If your ROI is not significant it may not be the best route for you to take.
- Do you have to go to school full-time?
- Will you have adequate time to study and devote to school work in between your kid’s soccer games, mowing the lawn, etc.?
- Do you REALLY want to do go back to school?
The reality is the options are endless for you when you sit back and think about it. So being downsized by your employer is a good thing for you if you look at it from a positive point-of-view.
If you made it here to the end and like what you read, tell your friends by sharing on Facebook, Twitter, or Pinterest.