Job loss is considered an extremely stressful, unfortunate occurence, especially considering that we Indians are not yet used to the hire-and-fire policy that many multinational companies adopt. With increasing capitalism, job losses are now a reality and their impact goes well beyond shaking a family`s financial security. Acknowledging and taking control of the situation is the first step to preserve your financial health while you focus on your future.
A job loss has its impact on the personal, emotional and financial side. We are often in a dilemma whether to keep our families involved; often, individuals try to fight the situation themselves and in the bargain put the family through an ordeal of coping with the anger, frustration and mood swings. It is pertinent to let your parents, spouse and children know about your impending job loss and the impact this will have on the family`s finances. Don`t let money issues be the cause of disagreements -- involve your spouse and children in financial discussions and encourage everyone to work together.
Evaluate all alternative arrangements
One can evaluate part time options as a stop gap arrangements and even consulting or entrepreneurial options. If possible attend the training and counselling. Try to get the settlement fast as it can provide you the much needed liquidity. Also, request for a letter of recommendation which you can use whilst applying for a new job.
Source:
http://specials.rediff.com/getahead/2009/apr/08sld1-how-to-cope-with-job-loss.ht
A job loss has its impact on the personal, emotional and financial side. We are often in a dilemma whether to keep our families involved; often, individuals try to fight the situation themselves and in the bargain put the family through an ordeal of coping with the anger, frustration and mood swings. It is pertinent to let your parents, spouse and children know about your impending job loss and the impact this will have on the family`s finances. Don`t let money issues be the cause of disagreements -- involve your spouse and children in financial discussions and encourage everyone to work together.
Evaluate all alternative arrangements
One can evaluate part time options as a stop gap arrangements and even consulting or entrepreneurial options. If possible attend the training and counselling. Try to get the settlement fast as it can provide you the much needed liquidity. Also, request for a letter of recommendation which you can use whilst applying for a new job.
Source:
http://specials.rediff.com/getahead/2009/apr/08sld1-how-to-cope-with-job-loss.ht
