You're Downsized - Now What?

7 steps to take to get your next opportunityyour activities.
In today's business environment, many people haveThis includes timing to complete a resume and secure
been laid off, given early or forced retirement orfeedback from a professional-HR, recruiter, senior
been the casualty in a merger or acquisition. Inexecutive, etc. prior to sharing broadly. Your resume
addition, there are several persons have beenshould clearly communicate what you're looking to do
terminated, "let go" or fired by their employer.next, and reinforce why you are a person that needs
You are not alone; this is and has happened toto be contacted for that type of opportunity.
millions of Americans over the past several years. SoFifth, create an "elevator speech" that can be shared
the issue is less about "why me" and more about thewith others.
changing nature of business.It is essentially a brief capsule of who you are, what
The first step is to take a breath.you'd like to do next and why you're an appropriate
Use the first few days to reflect. Reflect onperson to do it. This speech needs to be tight
yourself, the situation, things that are important toenough to share quickly with a busy executive, or
you-personally and professionally. This is a fantastichas the ability to be expanded in a face to face
time to reinvent yourself for the next opportunity.meeting.
However, one must be introspective first.Sixth, develop a networking plan.
Prior to advancing into implementing your plan toThis includes a broad list of organizations you'd like to
secure your next role, think about what is it thatwork with, the persons you know professionally,
you'd like to do next. What are the elements of yoursocially, through volunteer activities, etc. The key is
prior roles and responsibilities that you found excitingto establish a minimum number of contacts per week
and motivating?via your network.
Define and the goals and objectives you have forIn your networking efforts, share your "elevator
your career and your life. For example, do you wantspeech". The goal is to make it easy for them to
to stay in the same industry? Would you like to stayhelp you. By identifying the organizations and types
in the same geography? Is this the time to continueof roles, you can work with these people to make
in a similar role or can your skills be transferred into amore connections and broaden your network further.
different role? There are many avenues that talentedData from a large outplacement firm suggested that
professionals can pursue, use this time to determineyou are ~ five times more likely to get an
the path that you'd like to take for the next chapteropportunity through networking than via an
of your career.executive recruiter, and fourteen times more likely
Determining where you want to go next is incrediblythan via the internet. That makes incredible sense
important and it is hard work. However, once youwhen you think about it as an example. You are the
have determined the path you'd like to pursue, thishiring manager for a new team. Your company has
guides the balance of your search efforts. You aregotten a large number of resumes from the web site
now focused for the subsequent steps in theand you get a call from a colleague regarding
process. Now you are empowered and begin tosomeone they know. Who would you contact first?
move forward with a purpose...Most leaders will leverage their network versus a
Step two is to refrain from making quick decisions.posting on the web site.
This is particularly true for blasting our resumes, andThere are no absolutes in securing a new position;
calling your network and colleagues. Making thosehowever, spending more time networking with a
contacts needs to be well thought out andpurpose than "working" on the computer typically
rehearsed. .pays bigger dividends.
Third, take full advantage of any outplacementSeventh and Lastly, empower yourself to chase your
benefits that may be provided.dreams during this transition period. Pursue
Those people are professionals and usually provide aopportunities that take advantage of your strengths
solid pathway to follow as you transition into theand interests. Thus, once you begin your new role,
next opportunity. The staffs are usually helpful andyou are on a path to even greater professional
they provide great tools and coaching.fulfillment!
Fourth, develop an action plan and timeframe for