We've fielded too many calls in the last few weeks from people who unexpectedly faced a layoff and are now in crisis mode. So much so that our Chief Strategy Officer, Michelle Merritt, shared this video on LinkedIn with advice.
But the difference between feeling stuck in a crisis and staying in control often comes down to one thing - preparation.
While it might feel daunting in the moment, proactive preparation can make all the difference. In a recent LinkedIn Live discussion, we explored practical strategies to help you stay ahead, ensuring you're ready if or when the time comes. (See the full presentation here)
Here are three critical steps to take now:
1. Gather Your Data
Don't wait until the last minute to compile critical information. While you're still employed and have access to internal systems and files, collect:
Performance Reviews: Feedback showcasing your achievements will make updating or writing your resume and preparing for interviews much easier and more impactful.
Metrics and KPIs: Having these numbers on hand while you still have access will ensure your resume is data-rich and impact-driven.
Contact Info: Save email addresses and contact info of colleagues, clients, vendors, and anyone else you’ve worked with and around so you can begin to build and/or activate your network.
2. Refresh Your Career Assets
It’s much easier to create a compelling resume and LinkedIn profile while you are still employed. If you wait until the layoff comes, you will often struggle to create a strong professional brand while you are in crisis mode. Plus, you waste valuable time you could be active in your search.
Resume: Create (or update) an impact-focused, data-rich resume that focuses on where you are headed next, not where you’ve come from.
LinkedIn Profile: Ensure it’s up to date with a current and professional photo, compelling summary, and complete experience sections for your recent roles, and is optimized for visibility.
3. Prepare to Negotiate Severance and Outplacement Support
Many professionals are surprised to learn that you can often negotiate for severance and/or outplacement support. These benefits are important because they can give you more runway to find the right next role, and you can gain access to expert support to help you launch and navigate your search.
Severance Packages: There are several factors that can be negotiated, including weeks/months paid, increased benefits coverage, and access to high-end outplacement support.
Outplacement Services: As part of your severance package, many companies will fund career transition support including career coaching, resume writing, job search strategy support, and more. We specialize in executive-level outplacement support focused on the unique needs of senior leaders in transition.
Reach out to us to learn how we can help you negotiate severance and secure executive outplacement support for you or your team.
Preparation is empowerment. By taking these steps proactively, you not only reduce the stress of potential job loss but also position yourself for new opportunities.
If you or anyone you know is in need of guidance for anything listed above, our team is here to support you every step of the way. Schedule a call with us here.
You can also check out our YouTube channel for more helpful tips and resources to guide your career journey. From resume advice to LinkedIn strategies, we’ve got you covered - subscribe now to stay one step ahead.
Follow us on LinkedIn for more insights and tips to position you for top jobs and board roles today.
Comments