Life is good. Money in the bank, kids are happy in school, the wife has a great job she loves. Terrific friends. The future looks good until you are summoned to your boss’s office late on a Friday afternoon.
The future looks good until you are summoned to your boss’s office late on a Friday afternoon.John G Self
Restructuring, termination, layoff – the term is not that important. It is the consequences, that matter.
Now what? You have a hefty monthly mortgage and private school tuition. A six-month severance won’t go far. Replacing your job in the local market will be tough.
What is worse, you do not have a plan for such an event. Hadn’t even crossed your mind.
Career Rule Number 1: Always have a plan for the unexpected career detour. This must include ongoing strategic networking that will help accelerate your job search when, not if, but when such a crisis occurs.
Absent 12-months of ready cash in the bank, having a career plan is your next best option.