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From the Northeastern Section of the ACS, focusing on career management and development
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11/10/09
Mid-career. Severance economy
Filed under: Networking, Mentoring, Mature professionals
Posted by: site admin @ 9:15 pm

A number of sites and news articles
have
pointed to a “severance economy”
with a
number of highly paid employees
out of a
job.  Must I protest?  What
about all those on ‘extended

unemployment,’ that is severance
from the
state and federal government
for the
financial collapse precipitated
job losses?  What about people who
neither qualify for severance nor
unemployment?.


It is not over yet, the lay-offs, mergers and
longer times to find next positions.  People
are finding their positions more constraining
and less exciting.  Will they be voluntarily
leaving their positions too?  Even without
severance and unemployment….

The stock market while showing credit
loosening is only pointing out that more
job losses are in the offing.  It is cost-cutting
profits that is moving the market.

So those EMPLOYED, WITH POSITIONS
might consider taking a hard look on what
they need to do if they face ‘no pay weeks.’ 
Those, who are fortunately accepting new
positions, should be conceiving back-up
plans.  Take this as a time to think about
where you want your career to go.
 

If you are not in LinkedIn.com, join and
network,

If you are not active in the ACS and learning
marketable skills, join and participate,

If your income and expenses are out of

balance, evaluate steps you need to take,

Evaluate options while you are in roles and
devise your suitable action plans,

If your resume, completed project
summary, industry or patent or research
summary are not up to date, this might
be a suitable time [Straits],
 

If your firm offers you a severance and
separation benefits, understand there is
much to gain from professional coaching
and mentoring at times when you are
“out of balance,”  [Diva]

There are a number of unemployment
tactics:
   packages  [leave so that you maximize
health insurance, vacations, and retirement
benefits]
   qualify for Trade Adjustment Assistance.

  

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