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Positive Attitude Can Help Turn Job Loss Into An Opportunity

AUBURN, April 26---Job loss can happen to almost anyone at anytime. The better prepared you are, the better your position to cope with the loss and continue with your life.

There is no question that the longer time span you have between learning about the loss of your job and actually losing it, the better braced you can be, says Dr. Jacquelyn Robinson, a community workforce development specialist with the Alabama Cooperative Extension System.

"Although history has shown that most people find other positions quickly after losing their job, being prepared helps reduce the amount of time required to find another job by letting you concentrate on the opportunity you have just been given," says Robinson.

Your degree of preparedness is dependent on several components including attitude, age, educational attainment, longevity with the company or organization, mobility and financial condition.

Staying objective and positive is crucial to turning a job loss into an opportunity. When changing jobs involuntarily, keep in mind that corporate decisions often have nothing to do with you as a worker or as a person. In today's world of mergers, corporate takeovers and the trend toward a flat supervisory structure, most decisions to downsize or to restructure are often based on company earnings and product lines and orders.

Keep your objectivity. Investigate corporate decisions to separate employees. Understanding the reason for suddenly being laid off helps you keep your perspective, Robinson says. You may need recommendations from former coworkers, colleagues and supervisors. Remembering good things about the previous job and the good times with friends from work will help maintain much needed positive relationships. Maintaining a positive attitude also helps keep you motivated as you look for another position.

Regardless of how old you are, age can work in your favor, Robinson adds. Workers under 40 tend to be in a position to negotiate a transfer to another division or site more easily. Young workers often have less experience and are more "affordable" to other companies and can easily get a similar job or position in a competitive company.

Workers over 40 tend to be in a better position to negotiate a better severance package, which may include better insurance and/or an early retirement. The experience level of workers over 40 also tends to be broader and longer. If early retirement is possible, workers over 40 may have the luxury of exploring career options never possible before, such as starting their own company or landing a senior position in another company.

The length of service to a company and the quality of work also can help when negotiating severance packages, says Robinson. Employees who have proven themselves to be loyal and flexible and have grown with the company tend to be more marketable.

Having technical or college training is an advantage when job loss occurs, just as being good at a technical skill makes a worker more valuable. The job market trend is toward high-end technology related jobs with high pay and low-end service jobs with low pay.

Being able to move to locations rich in appropriate employment is always a plus to anyone's career. Being mobile depends on other factors, such as spouse's career and number and ages of dependents. If you are able to move with your job, companies will often allow good workers to relocate to another plant or location. If job loss has already occurred or is inevitable, then moving to a new location with a new job is an opportunity to begin fresh with a new company, leaving hurt feelings behind.

Job loss can have financially devastating effects. According to financial advisers, having at least enough fluid savings to cover living expenses for six months is essential. The ability to pay for all living expenses for a minimum of six months will allow you to mount a job search for a suitable position. More importantly, Robinson says, being able to meet financial obligations will prevent you from having to dip into retirement funds, which can create multiple and long-lasting problems apart from the job loss.

SOURCE: Dr. Jacquelyn Robinson, Extension Community Workforce Development Specialist, Alabama Cooperative Extension System (334) 844-5353