The economy shed 159,000 jobs in September, which is the most in a one-month period since 2003. Layoffs are becoming a real possibility, and whether or not you think you're likely to go first it's important to consider what would happen if the next pink slip is pointed at you. The news of job loss may shake you up, so workplace guru Liz Ryan reminds us of five things to remember when a pink slip has been served.
- Contacts: If you don't already have your database of contacts backed up, do so immediately so you can begin using that network to help you find a new job.
- Layoff letter: Get something in writing from your employer to speed up processing at the unemployment office.
- Your last paycheck: In addition to asking about your last paycheck, make sure you're paid for any time off you haven't taken.
- COBRA information: If you're left without health insurance and don't have other options, you'll need COBRA registration paperwork to get coverage.
- Recommendation letter: Assuming you're being laid off for financial reasons, be sure to ask your boss if you can use her as a reference and try to get a letter before you leave.