This article was written and first published by SG Budget Babe. It is republished with permission.
Your boss informs you one day with the bad news that the company can no longer afford to keep you due to the COVID-19 economic fallout. Now what?
It is never easy when you lose your job, moreover when it happens during a crisis where you need cashflow the most. But if that has unfortunately happened to you, don’t fret, it is not the end of the world yet, and neither does it have to be.
Here’s what you can do.
#1 Get Testimonials
Your boss or direct line manager might be feeling bad about having to let you go due to the crisis as they couldn’t save your job. I know this is true, because I’ve seen this happen in my company as well. Instead of moping over it or even blaming them for not fighting for you, make sure that you do not let this opportunity to get a testimonial go to waste.
Use this opportunity to strengthen the relationship (there’s no need to be bitter; reassure them that you completely understand) and use this chance to ask them for a testimonial that could help your search for a new job instead. Your manager will most likely be willing to oblige – they didn’t have the power to save your job from being axed, but they most definitely have the power to give you a favourable testimonial to help you get back on track again.
#2 Explore Alternatives That Are Right For You
Can’t find a job in your old role (or industry) in this current economic downturn? Don’t make the mistake that many retrenched workers do i.e. restrict yourself to only work that you previously did.
Instead, start mapping alternative job functions that match your interests or personality. Take a personality test (like the Myers-Briggs Type Indicator, for a start) and identify your skills and weaknesses. Even if you’ve taken such a test before, it is good to revise it every now and then as your character gets moulded over time and experiences.
New skills can always be picked up, but before you jump into anything, you want to first make sure that you’re going into something you can at least enjoy.
#3 Consult a Career Coach For Advice And Resources
A good way to understand more about whether your new path(s) would be a feasible direction to take, is to consult a career coach for customized career guidance that is specific to your personality, life stage and previous work history.
If you’ve recently been retrenched, WSG Career Coaching services can help, and at no extra cost to you. You can click here to register and apply to speak to a Career Coach – virtually during this period, of course.
#4 Search for Job Vacancies Across Different Platforms
Not every employer uses the same job recruitment platform to post their vacancies, while some companies even bypass portals entirely to announce it on their own corporate websites or LinkedIn page. There is thus no reason for you to limit yourself to opportunities found on a single job site.
Here are some useful platforms and channels you can use:
- MyCareersFuture.sg – a national job portal for Singaporeans and PRs with a smart job search service to match jobseekers based on your skills and competency.
- Telegram channels e.g. SGUnited Jobs Telegram – pushes you information on short-term, temporary jobs with immediate opportunities.
- Virtual career fairs, such as the ones listed here – thematic virtual fairs for you to apply to hiring employers.
- Jobs picked up on Google Search here – a listing of jobs near you
#5 Take The Time To Upgrade and Upskill
Now that you’ve identified some new areas that you can explore further for job opportunities, check what are the typical skills required for the job(s) and whether you have them. If you don’t, then make full use of this time to learn and pick up those skills.
With the recent SkillsFuture payout from our government, you can also use your credits towards a course that you otherwise would have had to pay for. You can check out applicable courses at MySkillsFuture.
For example, my friend Vicki wanted to switch to a new specialisation but had zero knowledge or experience in the field, and nothing that she did in her previous job would be relevant or remotely useful. She enrolled herself and took industry certifications for the compliance sector, and eventually successfully snagged a job in compliance. On the other hand, I’ve met many people who expressed interest in the same field, but believed that only those with legal background (whether in school or at work) can qualify and get hired for compliance roles.
While most job listings may state that they require candidates to have prior experience, the truth is that it isn’t mandatory in every company. If you can demonstrate a good attitude and your willingness to work hard (especially by showing what you’ve done to upskill yourself during this time), many recruiters would still be inclined to give you a shot!
Don’t allow your limiting beliefs to hold you back. If you never try (and prepare for it), you’ll never know.
#6 Revamp Your Resume
There are ways of writing and presenting your resume so that it’ll stand out from all the dozens (or hundreds) of applicants who are trying out for the same role. Remember, recruiters get dozens of job applications each day – and even more if the role or employer is extremely popular – so what are you doing to differentiate yourself and catch their attention among the crowd?
If you have friends who work in recruiting or are senior HR decision makers, you can ask them for a personal favour to vet through your resume before you send it out. Alternatively, Workforce Singapore also provides free consultation to Singaporeans and PRs with a career coach to help you through this, and prepare you for the interview once you get shortlisted.
Losing A Job Is The End Of A Chapter, But Not The Story
Losing your job isn’t the end of the world, and neither should you allow it to be. It is too easy to fall into the funk, but that’s the last thing you want to do. A company can let go of a worker for many reasons, and just because you’ve been retrenched, does not mean you won’t be in demand elsewhere.
So take this chance to recharge and upgrade yourself while you’re in between jobs, and you’re more likely to emerge from this (temporary loss of job) even stronger than before.
Take charge of your own path go ahead, set up an appointment with WSG Career Coaches for more information. Who knows, it might just change your life and career.
Digital Dashboard For Your Business
Enjoy greater productivity with your business through the OCBC Digital Business Dashboard, a smart business dashboard that allows you to see all the key information you need for your business in one place. This dashboard is available for free for all OCBC business account holders. Read our review of the OCBC Digital Dashboard has helped us.
Join The DollarsAndSense Business Community
For more content that helps entrepreneurs, freelancers, and self-employed individuals and learn to build better businesses, join the DollarsAndSense Business Community on Facebook.