Financial Advice Qualifications
What to do immediately following a lay-off
Unemployment advice – general basic advice to get started week 1
o File for unemployment…immediately
oFind out about your qualifications for Cobra from your previousemployer and ensure you contact the right people to enroll you intoCobra
health insurance
o
Life insurance
– see if you can roll over your life insurance from your company into your own account
oTake care of your company investments such as stock options and the401k program – find out from your financial house at the company, suchas Fidelity
o Take a small couple days to a week break…clear yourmindset of what was and what needs to be…reflect on your immediatethoughts…and get a home office together to use while you’re looking forwork --- you need to be organized and ready to make looking for a newjob, your new job
o Talk to people who have job titles you think you would like to do
oContact friends, family, old colleagues and bosses and let them knowwhat happened and see if there’s potential there for another job; evenif not, it can be very therapeutic
o Get your budget together with what income/savings/investments you have vs. expenses
o Get your resume & cover letter up to date
oGet your resume up to date and post to general and niche industryspecific web boards, setup job alerts, join social networking sites,local community networking events, local career fairs, and sendresume/cover letter to recruiting/staffing/temp agencies as well as joblistings online
o Take initiative to make looking for a job an 8 hour work day in itself…finding a job is a job!
oLook into cutting some bills you might not need anymore, like HBO cableTV and the ultra high speed internet package...try basic cable andregular high speed internet
Matthew Warzel
Matthew Warzel is a career coach and outplacement expert with almost 10 years in Human Resources and career advancement techniques. He owns and operates MJW Careers.
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