Lost your job during Covid-19? Here’s what you can do!
The Coronavirus Pandemic has left millions of people unemployed globally. Even before the pandemic, India’s economy was witnessing a significant slowdown leading to increased levels of employment. The pandemic has just accelerated the situation with companies letting go of people because they can’t afford to keep them with no revenues coming in. Job-hunts are normally a very painful process and with the pandemic in place, they’ve become even worse.
If you’ve lost your job during the lockdown, there are some things you can do to help regain balance to your life and to find new work opportunities.
Assess your financial situation:
When you’re let go from a job, your first concern would be to find yourself another role because you need money to survive. We recommend assessing your financial situation i.e. your savings, your monthly expenses, an emergency cushion, liquid investments and such. You need to know how long you can manage to go on without a job and then take action accordingly but cutting unnecessary costs, increasing how long you want the money to stay, keeping aside money for emergencies.
While you’re assessing the situation, do consider any debt you have taken and the impact of availing a moratorium. We recommend availing this facility only and only when you have no other alternative because it can be quite costly.
Update your Resume:
Update your resume till date and have it handy, along with a cover letter. When someone offers to help you, you should be able to send it to them right away. Quantify your accomplishments as strongly as possible, use action verbs and ensure the resume you have created is well-formatted and free from any grammatical errors.
Update your LinkedIn profile:
You’ll find more jobs here than on any job portal given the current economy. Professionals are coming together to provide a helping hand to those who are seeking employment opportunities during these distressing times. Update your LinkedIn Profile with all the details, have a professional picture, build a network of people and put up a post that tells your story. Please note that instead of going with a sob-story, talk about your accomplishments, experiences and work areas and highlight the fact that you’ve lost out due to Covid-19. People would be glad to help you.
Reach out to your ex-employer:
An increasing trend that has been noticed amongst employers who have to let go of their employees is their concern for the employees. Several employers are glad to recommend you to other people and companies and get you placed when they have to let you go because of financial difficulties. Reach out to your employer and ask them for some help in finding a new position and/or a referral or letter of recommendation. You never know, they might know someone who would be glad to take you on-board.
I cannot emphasise the importance of networking enough. Even if you have a strong profile, you need to network with more people every day. If you talk to 10 new people daily (actually have a conversation), at least one of them might offer to help you and at least 4-5 of them would keep you in mind for future openings that they find. Keep building your network and sooner or later, someone will be able to on-board you or refer you to someone who can.
Register yourself on job portals like Naukri.com, IIM Jobs, etc. and complete your profile. Start applying for jobs there and wait to hear back. Reach out to hiring agencies and send them your resume. They are always looking for good candidates for their clients and might be able to help at no cost.
When someone offers to help you or asks for your resume for a role or takes an interview with you, ensure that you will follow up with them in a few days. It shows them that you are keen on the opportunity and keeps you on their mind so they can refer you to more places.
Do Not Fall For Scams:
Several fraudsters call job-seekers asking them for funds to get those interviews or to help them get hired by companies. Do not pay. If you receive such a call, reach out to the company and talk to them about the situation. Confirm it before making any payment or moving to a different city on the basis of such calls. Even though this is a tough time, you must keep your head clear and stay alert about this.
Use the time to learn more skills that can be relevant to your field or help you gain access to more responsibilities in your field. It shows potential employers initiative to work by yourself to improve your contribution to the company.
Don’t Lose Faith:
I know that losing your job during this time can be brutal and it can take an absolute toll on your health but you have to be strong. It’s just a phase and it will pass. Believe in yourself, don’t settle for less and the right opportunity will come along.