What to do When You Lose Your Job

Losing your job can be a very difficult life change to cope with. Getting the initial news will come as a nasty shock, but with these tips from The Principle Group you will get through this trying time.

Try Not to Panic

You feel shocked and that’s natural. This has happened to so many people across Ireland and the world so suddenly. Hopefully it will only be for a short amount of time, there will be increased government support financially for you during this, and then to support the industry you worked in when the pandemic ends.  

Start Your Job Hunt

Even though this is temporary, job hunt immediately. Update your CV and LinkedIn profile. Upload your CV to job boards, get in touch with recruitment agencies and ask your friends and families if they have heard of eny opportunities. It’s important to get the ball rolling straight away so you can stay active. Remember, the sooner you start looking, the sooner you will find a new job. 

Look at where you can reduce spending

When you’ve set yourself a standard of living it can be hard to re-adjust, but it’s important to reflect on your wants and needs at this time. Your employment status has changed so you may need to adjust the money you spend regularly in order to cope with this significant drop in your cash flow. Consider shopping for cheaper brands, and with social distancing it will be likely you would be spending less over the coming weeks anyway.

Don’t Neglect Your Wellbeing

Be aware of your stress levels. It’s not easy losing your job and you will feel stressed and anxious at times but now that you have more free time, it’s the perfect time to try something new to help with your stress. Try mediation or yoga or adult colouring. Exercise is also a great stress reliever.

Take a look at these successful people who received painful rejections before they accomplished all their goals

Walt Disney

Walt Disney was fired from the Kansas City Star in 1919 because, his editor said, he “lacked imagination and had no good ideas.”

JK Rowling

JK Rowling got fired when working at the London office of Amnesty International because she would write stories on her work computer all day long.

Oprah Winfrey

Oprah Winfrey was an evening news reporter and apparently got fired because she couldn’t sever her emotions from her stories.

Elvis Presley

After a performance at Nashville’s Grand Ole Opry, Elvis was told by the concert hall manager that he was better off returning to Memphis and driving trucks (his former career).

Bill Gates

When Bill Gates dropped out of Harvard he started a business with Paul Allen called Traf-O-Data, which flopped. Luckily, they tried their hand at business again and this time Microsoft was born.

Albert Einstein

Albert Einstein didn’t speak until he was four and didn’t read until he was seven. He was subsequently expelled from school and was not accepted to the Zurich Polytechnic School. Long story short, he came around.