Out of a Job? Don't Panic!

by Ross Macpherson, President, Career Quest
(featured in the McGraw-Hill book 101 Ways to Recession-Proof Your Career)

When the employment market takes a tumble, many people respond impulsively and tend to panic. Who can blame them, right? We all need our jobs, and no one likes uncertainty. The problem, though, is that panic tends to prevent you from taking the measured steps necessary to solve the problem effectively, which only in turn creates more panic. This insidious process just feeds upon itself, and can have seriously counterproductive, and even devastating results.

In the employment world, the panic I'm speaking of can manifest itself in a variety of ways:

Now don't get me wrong - I understand that food must go on the table, and mortgage payments have to be made. You need your job, whether that means keeping the one you have or finding a new one. However, my concern is with any of the above responses that are motivated and characterized by PANIC. The problem with panic is that it causes you to lose focus, perspective, and judgement, and I don't want to see you jump from the pan into the fire!

Smart career management calls for a calculated and organized approach, and that still holds true even when you feel your back is against the wall. So, here are a few suggestions to handle panic when you feel it approaching:

So, try not to hit the panic button - take a few days to collect your thoughts, consider the lay of the land, look at your situation objectively, consider what needs to be done, gather your support, and go to it with a clear head. Good luck!