Layoff Leads to a New Direction

by ExecuNet - Dec 11, 2009

More than a few recently laid off executives expressed to me the sense of relief that accompanied their terminations. But that's just one of an amalgam of feelings that often includes anger, disbelief and grief. Self-care is particularly important during this time, with many experts saying that a short, temporary "quiet period" helps replenish positive energy and calibrate focus.

The executives I spoke with identified two specific sources of their relief: no longer stressing over job insecurity, and a new opportunity to find their passion and reinvent themselves. Many executives have been in careers of default, starting as a young employee in a company and then moving up as skill sets and experience develops. Not many children dream about growing up to be the senior vice president of copper widget procurement so some executives find their layoff to be liberating.

A layoff can act as an intervention, prying us off an unfulfilling path and allowing time for introspection, self-exploration, and sometimes, a new direction. But all employment transition are not equal; many have to recover fromt he pain quickly and find the next job. Experts outline the steps to get started:

• Accept the loss and then move forward. You can't allow yourself to mire. That is deadly. You're just using up precious severance or unemployment pay. This is a full-time effort, to first get stability psychologically. If there is anger, you need to work through it because it can affect your search.
• Make a plan. Take a step back and look at your careers from both a long-term and holistic perspective. Ask yourself what you want your life to look like in five, 10 and 15 years. Apply a strategy to what you want from your career. It's about regaining balance with everything you have in your life.
• Don't stop with your resume. Building your brand goes way beyond your resume. This process is something you should be doing throughout the life of your career. Think about giving presentations to professional and industry groups, and writing white papers and blogs to establish yourself as an expert in your industry.