You dedicated fifteen years of your life to the company you work for. Every morning you get up for the long daily commute. You go to work earlier than everyone else, and you are the last to leave. Some say you are the model employee.
It is normal for businesses to undergo restructuring or experience the need to downsize. You, as an employee, are at risk of losing your job to downsizing, regardless of how good a worker you are. If you find yourself unemployed, it may seem difficult to recover.
Causes of Unemployment
The United States’ Bureau of Labor Statistics monitors the unemployment rate. This statistic helps the government gauge how their economy is doing, and it helps assess whether the people are satisfied with how America is governed. It is crucial to know what causes unemployment, especially when the rate keeps on increasing. Some of the major causes include:
- Retirement. Everybody ages. There will inevitably come a time when you need to retire. Once employees retire, they have the option to try looking for work as consultants, or seek a side-gig. However, some become unemployed and decide to enjoy the time off..
- Retrenchment. When companies fail to generate profits to fund their business operations, they are usually forced to find ways to cut costs. Retrenchment happens when companies are forced to lay off some of their employees to cut down their payroll and expenses. When this happens, employers who were included in the retrenchment program are often given a sum of money for their services (commonly known as severance.)
- Outsourcing. Today’s technology allows companies to outsource their business units to other states and even countries for a lower cost. Companies from countries that offer cheap labor may absorb some operations such as customer service support, accounting, or technical support. Those who remain in the central office are usually laid off because their services are no longer needed.
- Incapacity. Employees who got into an accident and sustained severe physical injuries may not have the capacity to work anymore. This condition may lead to their inability to do their job well. As a result, their incapacity or disability may lead them to become unemployed.
How to Recover from Unemployment
Having a stable job and a steady income allows you to have financial freedom. You can pay your bills, purchase your necessities, and enjoy the fruits of your labour. However, unavoidable instances may cause you to lose your job. For someone who has never experienced a day without a job, unemployment may seem like a punch in the gut.
Recovering from unemployment is like waiting for an injury to heal. It takes time and patience before you can have the confidence to go back to the workforce. These tips can help you recover from your unemployment and land the right job for you:
- Stop feeling sorry for yourself. Self-pity will not help you. Instead, pick yourself up and think of your situation as a chance to have a fresh start. Think positive and start looking for a job that requires your skills.
- Step out of the house. Sometimes, all it takes is a breath of fresh air to get everything into perspective. Get out of your house and step outside. You do not need to travel far. Your backyard is great enough for you to have a change in mood and scenery.
- Don’t feel sorry about unemployment. There is nothing wrong with unemployment. It has a bad reputation, as those who are unemployed tend to look down on their situation. However, being unemployed allows you to find yourself and search for a new career.
- Update your resume. Updating your resume is essential. Your chances of landing a job are slim if your resume looks like you made it when you were first applying for a job. Recruiters first review resumes before they decide if the applicant moves on to the interview. For help writing your resume, look online.
- Dress appropriately. When you get to the interview phase, you must dress accordingly. You must present yourself well, and you should answer interview questions with confidence.
- Be honest. Do not hide the fact that you have been unemployed for a long time. Instead, be honest about the reasons why you are jobless and indicate your desire to work again.
- Keep on trying. If you don’t get the job, don’t feel sorry about it. Just try again. Apply everywhere, and you will eventually find one that will hire you.
- Find a job outside your previous career. If you are having a hard time finding a job in your field, you can take the risk and take a different path. Find work where you can utilise your other skills. You may even find yourself in a more fun and lucrative career than the one you lost!
- Ask for legal advice. There are times when unemployment is due to unfair reasons. You may be fired for the wrong reasons. You can seek a lawyer’s help. You may file a complaint and claim for the financial damages your unemployment caused. You may click here to learn more.
Losing the job you had for many years is difficult and discouraging. However, you need to get your life back together and look for another company to work for. It may take weeks, months, or even years; however, you must be persistent. You need to have the confidence that you can still find a career that suits you. Everyone has to work somewhere.
Nicole Ferrel has spent more than two decades writing about law, and continues to do so writing on her next big thing. She imparts words of wisdom to the common reader with her pieces. Nicole is an avid sports fan and loves watching games if she has free time.