Navigating a Layoff: Transforming Challenges into Career Change Opportunities
Pondering a new career move withindustry layoffs rising? It's a common thought, and you're not alone. Statistics suggest that the average person switches careers between three to seven times before retirement, with Gen Z potentially leading the charge. According to a survey by isolved, 45% of Gen Z workers are mulling over a career shift. Why make the change? Conflict at work, emotional drain, and limited assistance to colleagues are some of the top reasons.
Changing careers might sound daunting, but long-term benefits usually outweigh the immediate sacrifices. If you've been laid off, view this as a chance to intentionally alter your career path.
First Steps to an Intentional Career Change
Assess Your Current Financial Situation
Spending time on a career change means considering your finances thoroughly. Create a detailed budget to manage resources better. Include expenses, savings, investments, and any other income sources. Aim for an emergency fund that can cover three to six months. Cut out unnecessary expenses to save more.
Prioritize Self-Care
A layoff's emotional effect can include depression and anxiety. Ensure your mental and physical well-being by setting aside time daily for self-care. Try gratitude practice, mediating, or establishing a structure that balances productivity and rest.
Reevaluate Your Goals and Values
Embrace this time to reconsider your goals, values, and priorities. Think about what you liked and disliked in previous roles. Identify your strengths, weaknesses, transferable skills, and what aspects of a career are most important to you.
Seek Professional Guidance
Transitioning careers can be daunting, so getting an outside expert's perspective can yield clarity. They can motivate and hold you accountable when you need it. Choose between a coach to help achieve specific goals, a mentor for long-term support, or both.
Network and Connect
Isolation isn't your friend during a career change. Leverage your LinkedIn and social media networks to stay connected with potential contacts. Networking helps explore various industries and positions.
Ensure your next move is intentional and career-enhancing. Keep your ambitions realistic, lean on support, and use transferable skills to find fulfillment!
After being laid off, publicly expressing your intention to change careers can help you connect with potential employers or networking opportunities.Utilizing resources such as career counselors or employment agencies specialized in layoffs can provide additional support during this transition period.
