Recent events in the financial world have highlighted the reality that jobs don't come with a guarantee, no matter how stable the company authorizing our paychecks appears to be. I've reminded you to service your resume regularly, maintain contact with your network, and continue doing the best job possible to establish good references from your current employer. These are all important factors in planning for the worst, but I have a couple other ideas for what you can do when you have a strong inkling your job might be on the rocks. Find out what they are when you
- Determining and honing your transferable skills is one way to prepare yourself for possible job loss. Start brainstorming how your current job responsibilities and established skills could transfer into another industry. Research job postings in other areas and observe the required skills for those positions. Performing this industry overview before you're scrambling to get another job will allow for a smoother job search process and you'll start out ahead of the game.
- Consider picking up a part-time weekend job, before your full-time paychecks stop coming. You'll be able to give your emergency fund a boost in preparation for a period without your usual salary, and will have the ability to pick up extra shifts when you need them. Losing your job is rarely free of panic, but knowing that you won't be totally burned in the short term has a temporary calming effect.