How to prepare in the event of a job loss

The string of tech companies laying off workers has accelerated in the past month, The concern of those with or without jobs.

Continuing our series, “What to Do in a Down Market,” Yahoo Finance asked career experts how employees and job seekers can best position themselves during a downturn.

What are some pointers for people who are actively looking for a job at the moment?

For those who are actively looking for work at the moment – whether they have been recently laid off or are looking to make a change to get more… the benefits they prioritize, such as flexibility, etc. — it’s important to stand out to employees and your network, be the first to align with job opportunities, and lead with skills,” LinkedIn careers expert Blair Heitman told Yahoo Finance.

It’s also important to remember that while a layoff may seem personal, it isn’t — instead, it’s a reflection of the company’s changing business expectations. Try to keep this in mind as you embark on a job search, and let the confidence and skills that have helped you In getting this job reinforce your next steps.”

Here are some other pointers Heitmann recommends:

  • Turn on LinkedIn’s Open to Work feature. Members who use the #OpenToWork picture frame are on average 40% more likely to receive InMails from recruiters, and 20% more likely to receive messages from the LinkedIn community.

  • Set up job alerts. Being one of the first to apply for a job can give you an added advantage — LinkedIn data shows that you’re more likely to hear back about the job if you apply in the first 10 minutes.

  • Click on your network. On LinkedIn, you can now see who is hiring in your network—and your network’s network—when you visit the Jobs tab, and you’ll be notified when people in your network with a first or second tier are hiring.

Linkedin is an open framework for business

Linkedin is an open framework for business

What is the best way to update your profile to get noticed?

“Your profile picture is your virtual handshake, a simple way for your friends, colleagues or former classmates to get to know and discover you on LinkedIn. Make sure your profile picture captures your personality as a professional, but also makes you approachable and shows some of your personality,” notes LinkedIn’s Heitmann.

Also, consider adding a profile video as a way to share more about yourself, your passions, and career goals in an engaging way. Almost 80% of hiring managers in the United States. You think watching a pre-recorded video of the job seeker would be beneficial.”

What is the best way to communicate?

According to Career coach Liz Rubin.

“Find the discipline and energy to grow your network on a daily basis. Don’t be surprised if you don’t get a response if you only reach out when you need a job. People can feel used and forced on,” Robin said.

“Aside from an updated resume and LinkedIn page, your network if your biggest source of leads. Interact with people you know and let them know you are in the market. Don’t rely on search companies and job postings. Start by going to events and conferences where you share common interests at work. and non-work related.”You never know where your next employer is going to be,” Rubin said.

The tech space has been hitting it hard lately. How should tech workers position themselves?

“Get involved with the market but read your audience,” says Rubin.

“If you are talking to an HR person who does not understand the tech space, you need to make sure that you can talk effectively about your accomplishments in a way that he or she can understand. What problems have you solved and can you talk about them in plain, non-technical language that anyone can understand.” .

“Think about companies in other industries that might need your technical skills, reach out to them, and stay focused on the business problems you’ve solved,” Rubin added.

What if you have a job but are worried about losing the job?

“The good news is that although hiring has slowed, there are still job opportunities available, and more so if you’re ready to go into an office – New LinkedIn data just released LinkedIn’s Heitmann explains, “There are approximately two on-site opportunities for each applicant seeking on-site work in the United States.”

She recommends several ways to prepare for a potential job loss.

  • Showcase the range and scale of your expertise by updating your LinkedIn profile With your latest experience and skills. Skills are more important than ever in landing opportunities today, with more than 40% of employees on LinkedIn explicitly using skills data to fill their roles.

  • Keep your net warm. Your professional network is your most important asset over the course of your career – tend to it like a garden.

  • Think about your next steps. Workers should also begin to assess their ideal next role, and outline a plan moving forward. Know exactly what you want in your job where You want to work, and search for those jobs using search filters, such as Hybrid and Remote Filters on LinkedIn, to find jobs that fit your needs.

How much emergency money should you have in case of a layoff?

“A few months’ expense is a solid starting goal for an emergency fund (or more, if you have dependents). It will save you crucial time organizing your next party without worrying about keeping a roof over your head,” she says. Mandy Woodruff Santos Recently wrote in Yahoo’s financial column.

It also recommends developing an independent source of income.

“Having additional sources of income other than a 9-to-5 salary is a form of emergency savings that few workers consider. If you’re already doing some freelance work or consulting on the side, you don’t have to start from scratch if your employer decides to give you the boot,” he said. Woodruff Santos: “Think about the skills or talents you have that you are likely to invest and start sooner rather than later.”

Ines is a markets reporter covering stocks from the bottom of the New York Stock Exchange. Follow her on Twitter at @employee

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