Introduction
Losing your job is a seismic event that can shake your financial stability and self-esteem.
But it’s not the end; it’s a new beginning.
This guide aims to be your comprehensive roadmap for navigating a lay-off and finding a new opportunity.
Why This Guide Matters
In 2020, the U.S. Bureau of Labor Statistics reported that 20.6 million Americans were laid off or discharged.
That’s a staggering number, but it also means you’re not alone.
This guide will help you stand out in a crowded job market.
Step 1: Revamp Your Resume & Cover Letter
AI Tools to Use
- Resumaker.ai
- Teal
- Swooped’s Cover Letter Buddy Tool
Why It’s Crucial
These AI tools use advanced algorithms to highlight your skills and experience effectively.
They tailor your resume to pass through Applicant Tracking Systems (ATS), which are used by 75% of recruiters.
Important points to remember:
- 70% of resumes never reach human eyes due to ATS systems.
- AI-enhanced resumes increase the chance of an interview by over 30%.
Step 2: Leverage Job Boards
Platforms to Consider
- Indeed
- FlexJobs
- Working Nomads
- We Work Remotely
- Remote.co
- Jobspresso.co
Pro Tips
- Use LinkedIn to reach out to former colleagues or industry connections.
- Customize your applications for each job posting.
Important Points
- 85% of jobs are filled via networking.
- A referral is a massive competitive advantage in the job market.
- Customized applications have a 50% higher success rate.
Step 3: You got an interview! You’re not done, yet. Now research the Companies.
Time Investment
Spend at least 20 minutes researching each company.
Areas to Focus On
- Solution/services
- Funding
- Growth in the past year
- DEI initiatives
- Mission/Core values
- Ideal client
- Job specific
Action Steps
- Connect with 2-3 people on LinkedIn from each company.
- Prepare questions about the company’s future and your role.
Important Points
- Companies with strong DEI initiatives are 35% more likely to outperform their peers.
- 72% of active job seekers value a company’s mission and values.
- Knowing about the company is vital to showing interest in its future; proving you’re a better quality hire
Step 4: Prepare for Interviews
Helpful organizations
- Techinterview.coach
- Igotanoffer.com
- Topinterview.com
- Carrus.io
Resources
Check out this TheMuse Article for question prep.
Reminder
You’re not just being interviewed; you’re also interviewing the company to ensure it’s a good fit for you.
Data Points
- Candidates who ask questions are 20% more likely to get the job.
- 65% of hiring managers say that cultural fit is a crucial factor.
Step 5: Post-Interview Follow-Up
Timeframe
Email within 24 hours.
Content
- Thank-you email
- 1-2 personalized sentences
- Attach all relevant documents
Data Points
- 80% of HR managers find thank-you emails helpful.
- Personalized follow-ups increase your chances by 25%.
Step 6: Know Your Worth
Mental Note
Don’t lose sight of your value, especially when going through multiple rounds of interviews.
Data Points
- 90% of employees who know their worth negotiate better salaries.
- 70% of those who negotiate get a salary increase.
You’re more than a lay-off statistic; you’re a valuable asset.
This guide is your comprehensive roadmap to navigate this challenging period and find a new opportunity that truly values you.
Don’t undervalue it. You got this.