Thursday, June 21, 2018
Business

What not to do when you lose your job

Losing a job often is a traumatic experience. It's normal to feel lost, hurt and overwhelmed as you try to get a handle on what you should do after this major, and often unexpected, change. It's important to act from a position of strength and knowledge, however, rather than reacting emotionally to the loss.

Here are four things to avoid at all costs after losing your job.

Delay signing up for unemployment

In most cases, unemployment benefits don't start until weeks after your application is accepted, says Denise P. Kalm of Kalm Kreative.

"State governments take a long time, and you need to get this going," she explains. "They may start later as they factor in some time based on your severance package. Get this done immediately."

If you already have another job lined up, you may not be eligible, but check online regarding your state's unemployment rules to see if you can collect.

Take it personally

"Even good people are casualties of downsizing," says Tonya Tiggett of Speak Our Language. "Companies are constantly changing operations to be more efficient and have to make tough decisions at times to let good people go."

Lynda Zugec of the Workforce Consultants agrees. "One of the most damaging things someone can do when they lose their job is harbor negative feelings for an extended period of time.

"Although it can be difficult to stay positive shortly after job loss, holding on to such feelings can create greater problems and frustrations, which work against you when you are searching for a new position," she says. "You may end up in a cycle of negative thinking followed by unsuccessful attempts at interviews and so on."

Kalm recommends giving yourself some time to grieve your loss and taking the time to take a long-view look at your career to figure out what it is you really want to be doing.

Liquidate your 401(k)

It's scary when you don't know where your next paycheck is coming from, but "don't panic," even if you're tempted to start withdrawing money from your investment and retirement accounts, says Trellis Usher, president and CEO of the T.R. Ellis Group.

"Resist the urge to do this right away and give yourself some time to put together a reasonable plan," she explains. "Are there savings that you can use? Did you receive a severance package or compensation for unused vacation time? Do you have an emergency fund that will hold you over for a couple of months?" Also look for ways to reduce expenses while you're looking for your next job.

Bad-mouth your former employer

Although it's tempting, resist the urge to talk trash about your former company, Tiggett says. "Regardless of the reason you are no longer working for a company, by focusing on the positive aspects of your previous employer or of your previous job, you will come across as someone who is resilient and professional.

"You never know when your previous employer may have jobs reopen and could call you back," Tiggett says. "The old adage of not burning any bridges is surprisingly true no matter how many years tend to go by." It's always possible that someone you worked with in the past could someday be in a position to hire you.

© 2016 — Monster Worldwide, Inc. All Rights Reserved. You may not copy, reproduce or distribute this article without the prior written permission of Monster Worldwide. This article first appeared on Monster.com. To see other career-related articles, visit career-advice.monster.com. For recruitment articles, visit hiring.monster.com/hr/hr-best-practices.aspx.

Comments
Taylor Morrison builds in Wesley Chapel

Taylor Morrison builds in Wesley Chapel

Taylor Morrison will build a new subdivision off of Boyette Road between Wesley Chapel Boulevard and Overpass Road.The builder and developer recently broke ground on Chapel Chase, set on approximately 40 acres just north of New Tampa in Pasco County....
Updated: 10 minutes ago
Armature Works developers sue Ulele and city of Tampa over use of nearby building

Armature Works developers sue Ulele and city of Tampa over use of nearby building

TAMPA — Two of the city’s hottest developers — the groups behind Ulele and the Armature Works — are heading to court over an old city building that sits between the hit eateries.Both want to redevelop the city’s former office of cable communications ...
Updated: 11 minutes ago
Grain and Berry Cafe to bring its healthy menu to USF area

Grain and Berry Cafe to bring its healthy menu to USF area

Grain & Berry Cafe opened in Palm Harbor, and now the healthy eatery is rapidly expanding throughout the Tampa Bay area.The healthy eatery opened a new location on E Fowler Ave near the University of South Florida in May, just 10 months after opening...
Updated: 17 minutes ago
Domain Homes: Buyers love them, some others don’t

Domain Homes: Buyers love them, some others don’t

TAMPA — When the 2008 financial crash brought down the nation’s housing market, hundreds of home builders went out of business. Among them was Sharon McSwain Homes in Atlanta, forced to liquidate in 2009.But just as developers like to develop, builde...
Updated: 1 hour ago
Supreme Court: Online shoppers can be forced to pay sales tax

Supreme Court: Online shoppers can be forced to pay sales tax

WASHINGTON — The Supreme Court says states can force online shoppers to pay sales tax.The 5-4 ruling Thursday is a win for states, who said they were losing out on billions of dollars annually under two decades-old Supreme Court decisions that impact...
Updated: 1 hour ago
Former employee sued by Tesla says he was a whistleblower

Former employee sued by Tesla says he was a whistleblower

Tesla sued a former employee Wednesday, accusing the man of hacking the automaker’s computer systems and stealing company secrets, shedding light on what chief Elon Musk had suggested was the work of a secretive internal saboteur.But the employee, Ma...
Updated: 3 hours ago
Orlando airport first to scan faces of U.S. citizens on international flights

Orlando airport first to scan faces of U.S. citizens on international flights

ORLANDO — Florida’s busiest airport is becoming the first in the nation to require a face scan of passengers on all arriving and departing international flights, including U.S. citizens, according to officials there. The expected announcement Thursda...
Updated: 4 hours ago
Days after buying Time Warner, AT&T launches new TV service

Days after buying Time Warner, AT&T launches new TV service

NEW YORK — AT&T is launching a new streaming service incorporating television networks from the Time Warner company it just bought. The WatchTV service, a cable-like package of more than 30 TV channels delivered over the internet, is an example of th...
Updated: 4 hours ago
Tampa tech firm Newgentek hiring 20 following expansion

Tampa tech firm Newgentek hiring 20 following expansion

TAMPA — Information technology company Newgentek plans to hire 20 new employees over the next two years following an expansion of its Tampa headquarters."In the last 90 days, the Newgentek team has grown 24 percent and is now operating at 80 percent ...
Published: 06/21/18
A tight supply cuts into Tampa Bay home sales while prices keep rising

A tight supply cuts into Tampa Bay home sales while prices keep rising

Tampa Bay’s two largest counties showed anemic home sales in May as prices continued to rise due to a tight supply. In Pinellas, sales of single-family home plunged nearly 12 percent from the previous May, the second-worst showing in a year. P...
Updated: 6 hours ago