December 2, 2020

Dealing with Unemployment

Unemployment

The world’s economy continues to decline, resulting in a rise in unemployment. Unemployment comes with more than just financial instability. The uncertainty it brings puts people at risk of mental health problems due to added anxiety and stress.

We have a guide on how you can deal with the stress and get back in the workforce.

How to Deal with Unemployment Stress

Unemployment and stress go hand in hand. Not knowing how you will pay for rent or food for you and your family can be stressful. Here are some tips to help you deal with the stress from unemployment:

  • Validate and accept unemployment: When a company lays hundreds of people off, it’s usually due to a financial crisis. It rarely has anything to do with something an individual employee has done. So, understand that and be kind to yourself. Accept that you lost your job, don’t dwell on the past, and move forward. Mentally prepare yourself and think about what to do next to land a job.
  • Create a plan of action: Looking for a job is a task on its own. You need to dedicate the same amount of time to it that you would a job. Start looking through online job portals, advertisements, and contact your network to ask about openings. Getting a job in today’s economy is not easy; you need to be active and persistent.
  • Go easy on yourself: Many laid-off people make the mistake of putting themselves down. Unemployment can cause self-doubt about work ethics, skills, and knowledge. You must show some self-compassion and talk to friends and family when you get too self-critical. They can help bring your spirits up.
  • Take time to do things you love: Factor some “me” time, participating in fun activities that bring joy into your life, into your schedule. These activities might be spending time with family and friends, playing a sport, or working out.

Tips to Land a Job and Get Back in the Workforce

Dealing with all your financial responsibilities can be difficult when unemployed. You can cut back on expenses as much as possible, but unless you get a job, it is tough to survive. The following tips will help you get back in the workforce:

  • Update your resume: Make sure your resume is up to date with both responsibilities and achievements from all the jobs you’ve had. You can ask a friend to look over the resume for errors or just tips on how you can improve it. You should have one cover letter template that you can edit and adapt for each position for which you apply. For those that have an extensive job history, you may want to consider doing the same to your resume. Employers won’t sit and read through your whole resume; they skim through it. By customizing your resume, you only put information that is relevant to what they want to see so that they won’t overlook it.
  • Exhaust all job search resources: Go into the hunt knowing you will need to apply to tons of jobs before you get a callback. You should already know in which field you want to apply, so start searching online portals such as Monster and Indeed, as well as specific companies you want to target. Recruitment firms can also help in your hunt.
  • Prepare for interviews: There are tons of resources online that can help you prepare for interviews. Look up common questions asked at interviews and practice answering them. Have your friends conduct a mock interview and provide you with feedback. This practice will help build your confidence and improve your answers.

Ways to Budget and Save While You’re in Between Jobs

Staying afloat financially when unemployed is one of the toughest things to do. The following tips can help you budget and save for such times:

  • Cut down on utility bills: Most people aren’t aware of the fact that you can opt for a different, affordable utility provider in your area. For example, look online for the most affordable electric suppliers in CT to get the best deal on electricity. Do the same for all your utilities, and you can end up saving hundreds annually, which is a blessing when you don’t have a paycheck coming in every month.
  • Cut down on non-essential spending: Spend money only on items you need like rent, utility bills, and food. Try to minimize your expenses on non-essential items you can live without.
  • Create a budget: A budget will help you plan your expenses. You should make a monthly budget for your essential expenses and try to save the rest.

Taking these steps can help relieve stress and give you a sense of power and certainty about your own future.