WEALTH SPECIAL | RETRENCHMENT FEARS
Pink slip blues? Smart tips to deal with them
Published on Tue, Nov 18, 2008 at 13:17, Updated on Tue, Nov 18, 2008 at 13:45 in Business section
Tags: Financial Crisis, Pink Slips

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Eight months ago Sangita Chawla* weighed about 85 kg. Despite this she had a dream of making it big as an airhostess. So the 24-year-old Mumbai girl went on a rigorous diet and exercise regime to cut out all the flab.
Within six months, Sangita was down to 50 kg and was all set for her dream job. She was hired by a leading aviation company, since she met all their requirements now.
Unfortunately for her, Sangita's job was one of the many her company decided to take away, but later give it back. "I'm thrilled to get my job back, but of course uncertainty still looms," confesses Sangita. She is not the only one. Across sectors there are fears of cost cutting and consolidation.
"Most people never predict a job loss," continues Aruna Sampat of HR consultancy firm Career Catalysts, "and are caught off guard when they get laid off."
Sampat cuts the jargon and tells you what you should do if you lose your job.
1. Don't panic
A job loss has nothing to do with performance, or your ability. It’s more about redundancy of your role in the company. Once this understanding seeps in, you will you be able to concentrate on finding a new job.
2. Make a list
Update your resume and follow a daily schedule. Now that you have time on hand, set aside at least five to six hours a day on job hunting – including research, calls, interviews etc. Make a list of the people and companies which can help you. Be specific on how they can help you.
3. Get aggressive
Make sure that you have your detailed resume up on every job portal there is. Some portals you can put your resume are jobstreet.com, monster.com, naukri.com, yellowjobs.com, timesjobs.com, shine.com etc.
4. Talk to other pros
Focus on what kind of job you want. Assess market situation and make your plan. If a role is interesting but the company is not so much a brand name, are you willing for a lateral move, or would you like to take a cut in salary for a brand? Think through. Talking to senior professionals may help to give you a perspective
5. Freelance
Do not hesitate to take up freelance assignments. Look at it this way. You will keep your skills up to date and it will bring home a few bucks. In the meanwhile keep hunting for a job.
6. Be transparent
Most people don't want to mention they have been laid off. “But hiding it will only complicate things," continues Sampat, "being laid off is not a taboo anymore amongst companies. They will hire you for your skills." So be transparent in your next job interview and tell them why you were laid off.
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A proactive attitude is what is required..networking with friends,alumni&colleagues helps a lot...there is too much competition while trying to get
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These are immensely trying times.The entire world is taking concerted action so as to save the Global economy.But a class
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These informative hints are no doubt good solace to the would-be-job-loosers who would definitely not sit idle otherwise. But the
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Whether Pink slip is about renundancy of your role in compapany or not, is not going to console one who
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Dear Sir
THIS PERHAPS IS ONE OF THE BEST ARTICLE PASTED BY THE TEAM OF IBN AND I WOULD
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