Preparing for a Layoff

Could being laid off from your job actually be….a good thing?

As difficult as losing your job is, a layoff could be God’s method of launching you into a better position. The key is to be prepared!

Proverbs 22:3 says, “The prudent sees danger and hides himself, but the simple go on and suffer for it.”

If you see a layoff on the horizon, there are steps you can take to prepare.

First, and foremost, reduce your debt and increase your savings. Avoid any nonessential purchases. Sell what you don’t need. That boat, motorcycle, and stuff in a storage unit can be turned to cash and used to improve your financial situation. Move with stealth and intention.  

Upgrade your skills while you still have your job. Take on new projects that will stretch you, even if you have to volunteer. Ask to attend seminars that are offered. Coursera, Udemy, Khan Academy, Ted Talks and many learning venues are available online. In addition, check out courses offered to your community. You will meet people and possibly find leads to new job.

View your current job from a different perspective. Not only is it a source of income but possibly the stepping-stone to your next position. Serve your employer and fellow employees with enthusiasm. Joseph was sold into slavery but became a wonderful employee to both Potiphar and Pharaoh despite his less-than-ideal circumstances. Be grateful for your paycheck and steward your time well – make the most of each day you can go to work.

Expand your network of contacts and stay in touch with associates in your field. Keep your ears open for leads. Seek the counsel of trusted advisors.

Above all, pray and ask God to provide in ways you cannot imagine.

A great step no matter where you are in your career is to sign up for the online MoneyLife Personal Finance Study. You’ll learn what stewardship really looks like in your daily life and what God’s Word says about your career and finances.