In Managing a Job Loss, Key Success Factor 1, is critical to your job search success, In this post I highlighted the need to have successful job hunting skills as part of your armory of attack when recovering from a job loss. The following represent the 5 key success
factors for managing a job loss:
1. Successful job search skills knowledge
2. Strong financial management initiatives
3. Flexible and open career re-assessment
4. Mental toughness and a strong belief system
5. Managing your current job
Now onto key success factor 1…
Successful Job Search Skills Knowledge
Your very first objective when you have lost your job is to get another job. Now that may sound a bit straightforward but it isn’t. To get another job today requires special knowledge and skill.
This is because in most situations, redundancy falls during times of economic slowdown, rising unemployment resulting in fewer jobs and greater competition. Labour economists call this an ‘oversupply of labour’ and this will cause an imbalance in the labour market favouring employers. That’s right – employers can pick and chose whomever they like and they know it. I think that competition is a key word here, because just like any other competitive scenario, nobody remembers who came second.
The only winner is the person who gets that job and you’re up against it in what is cruel market place. If you have been working in an organisation for a long time and are reaching the older age category, being out of work for the first time can shock you. All of a sudden you’re in a cauldron of job hunters operating in an unbalanced labour market where supply far outweighs demand.
Let’s face it, it will not be easy but there is always hope. Whatever you do don’t become defeatist and lose faith in your abilities. Get yourself in job search mode and learn all you can about job-hunting skills. It will be necessary for you to do this in order to compete at the same level and edge closer to winning that job.
Your job search knowledge must consist of the following areas of competence:
- Ability to tap into the hidden job market
- Successful behavioural interview skills
- Good letter writing ability with a marketable resume
- Strong belief in yourself and mental stamina.
Successful job search skills knowledge is critical and this book focuses heavily on this key area. I have covered all of the above areas of competence in separate chapters so that you can easily move from one key activity to another. Your ability to network with others and perform well at interviews will be paramount.
Your ability to write good covering letters and have a well-written up-to-date resume is equally important.
In my next post I will focus on Key Success Factor 2, Strong Financial Management Initiatives.