What would you do if you lost your job today? For most people, it’s not as easy as running out and finding a new one. Having an employment plan will give you direction, so you can keep calm and carry on with your quest for a new job.
Here’s how to build a rock-solid employment plan.
Have an Emergency Fund
If you lose your job, an emergency fund will be the real MVP. Having emergency cash can save you from living on ramen noodles and fighting off bill collectors until you land a new job.
An emergency fund will give you peace of mind and make your job search less stressful.
How much should you have?
- Aim for six months’ worth of expenses
Hopefully, it doesn’t take you six months to find a new job, but if it does, you know that your expenses are covered.
Build and Maintain a Professional Network
It’s all about who you know.
If you aren’t already, start working on building your professional network. This way, if you lose your job, you can turn to your contacts to help you find an opening.
Work on Your Skills
Building your skills can help you land a new and better job. The best time to work on your skills is right now while you’re still employed. If your employer offers educational benefits, take advantage of them.
Take classes on anything that will give you valuable skills for your field.
Education will boost your value as an employee, and it will open the door to more job opportunities.
What if your job doesn’t offer education benefits?
- Try online courses, like those offered by Coursera or EdX.
- Attend industry-related workshops
- Get industry-related certifications
Have a Job-Search Strategy
If you lose your job, having a strategy for finding a new one can save you time and boost your chances of success.
To build a rock-solid strategy:
- Analyze your strengths and weaknesses. Be honest. What can you work on? What do you excel at?
- What skills do you need to land a new or better job?
- Who do you need to connect with to boost your chances of landing a job?
Answering these questions will help you build a strategy to find a job. You’ll have the skills you need to get a job faster. You’ll know which weaknesses you need to improve and which strengths to play off of when updating your resume and interviewing. And you’ll know who to get in touch with to expand your professional network.
One other thing that should be part of your employment plan:
- Knowing how to apply for unemployment benefits.
These benefits will help you stay afloat while you’re searching for a new job. Creating a basic employment plan will help you prepare for the worst, so job loss doesn’t bankrupt you.