Severance and The Job Search – What You Need to Know

14 Ways Severance Can Help Your Job Search

Layoffs may feel a little less stressful when they come with a severance package that continues your salary for some time. Of course, there are many different practices among employers. Whether you receive an adequate or minimal amount of money in the form of severance is up to chance and can’t be guaranteed by any employer but try these suggestions to turn those funds into something valuable during your job search process!

What If My Severance Is Puny?

Cheer Up

The most important thing you can do for yourself when going through a difficult time is staying positive and keeping your spirits up. Lifting the mood of someone in distress will help them move forward, even if it might seem impossible at this point. Try talking with people who are supportive, or take comfort from spirituality and loved ones that understand what you’re going through because they’ve been there too!

Team Up

Join a job club, attend meetings at your professional association and ask your librarian about what career services they offer. These are some of the best ways to find steady work and moral support in these times where jobs can be scarce or competitive.

Shack Up

Consider house hacking or taking on a roommate. Downsize your living space to reduce the cost of housing, which can be a large financial burden for many people. Research and explore all options now so that you’ll have someplace to go should anything change in the future

Tighten Up

Cut down on your expenses by simplifying and being more mindful. To avoid the cost of eating out, cook at home, and cancel that cable TV subscription because all you’re doing is sitting around watching other people do stuff anyway.

Party Up

Enjoy your free time with tons of fun and inexpensive activities! Join a painting club, attend lectures and concerts for the low price of admission, or go running through that park you love so much each morning to get in some exercise before work. You deserve it!

Lighten Up

You can clear out clutter and make some extra cash by clearing away the old items you no longer need. You could organize a garage sale or post an ad on Craigslist to sell the many unused items in your list of things that are cluttering up space in your house.

Hustle Up

No matter your situation, it’s always a good idea to have some side income. Maybe you want to start walking dogs or teaching piano lessons for people who can afford them on top of their day jobs? If this becomes successful and sustainable enough, then that might turn into a full-time job!

Give Some Up

Giving to others is a great way of feeling better, as you are contributing something valuable. It doesn’t have to be monetary donations – mowing your elderly neighbor’s lawn can help them out while making you feel good about yourself. Volunteering and using our talents also makes us more attractive for jobs or internships when we’re looking!

What If My Severance Was Large?

Give Yourself A Break

It’s important to take a break now and then. What better way than by climbing up that mountaintop or laying in the sand on the beach? You’ll feel refreshed, rejuvenated, and ready for anything!

Give Yourself A Timeline

Schedule a start date, and stick to it! You’ll be amazed how quickly you lose track of time when there are no set office hours each morning. Pick your favorite day for starting your job search; don’t forget to keep up with the clock as well – this is business after all!

Give Yourself An Adventure

Be experimental! An ample severance package enables more flexibility if you’re thinking about switching careers, so don’t be afraid to try a temporary assignment or internship for work that interests you. You may have found you’re calling while trying on someone else’s shoes, and it just might lead to an exciting new career path!

Give Yourself A Budget

It is important to create a budget that will make it easier for you to monitor your spending. Resist the urge to buy things just because they are on sale and put everything into categories so that there won’t be any surprises when you spend money!

Give Yourself An Education

Invest in yourself! You’ll want to check out classes and certifications that would prepare you for your next career move, but don’t forget about the little things- a salon visit could give you an updated professional image.

Give Yourself To A Worthwhile Cause

You’ll make not only a difference but also create goodwill that might eventually lead to better opportunities.

You know how important it is to have a great attitude, but that’s especially true when you’re unemployed. Give yourself credit for everything you’ve done so far and remember your worth goes way beyond any severance package! You can do this – hard work combined with an optimistic outlook will lead you towards the brighter future of your dreams.