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theLabRat.com
- What to do if you are laid off... |
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What
to do if you are laid off...
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In
the good times the biotech industry is a very exciting!
Let's be honest though, in the bad times it really sucks!
In your career you will undoubtedly be laid off or down
sized and probably more than once. For me it has
been twice in four years! One thing has kept me
coming back for more! The fact that I have landed
a better job both times I was rightsized! The
first time I was unemployed for one month, the second
time I was unemployed two months. Getting employed
this quickly was not by accident, but as a result of
careful planning before the layoff and observing a few
key points (in no particular order) which I will now
share with you.
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What
to do before a layoff:
- Always
have a current CV - Make it a ritual every month
to update your CV. Make sure it contains all
of your publications and current job duties.
- Circulate
your CV to headhunters every six months - Cultivate
a personal relationship with a few recruiters in your
area. Invite them to lunch and ask about what
employers are currently looking for in candidates.
If you don't have these job skills, get them!
- Don't
loose touch when people leave for a new position
- When people leave your current company, make sure
you have a forwarding address, phone number, and email.
Don't be fake, but find a way to stay in touch.
- What
can this job do for me - Always be thinking how
your current job will help you get the next job.
What will tangible evidence will you take from this
job to demonstrate that you were a valued employee
(publications, presentations, patents, etc.).
- Never
miss a chance to network - At meetings never forget
to give out your business card and to get one from
who you are talking to. This is especially true
at scientific meetings like ASBMB. You are building
your network for the future with people who have a
common interest! Most jobs in the biotech industry
are filled through word of mouth and are never advertised.
A good number of positions are filled by the time
the ad gets to the media.
- Always
cultivate a personal relationship with sales reps
- It is annoying when they show up without an appointment,
but after you are laid off they can be your best source
of information. The sales reps who cover your
area will know who is buying and expanding and who
is in trouble. They may not be a source of leads,
but they can distinguish the quality opportunities
from the ones you want to avoid.
- Save
some money - The extra cash will help you during
an extended layoff. You want to try to avoid
the stress of having a quick deadline when you must
have a job
What
to do after a layoff:
- File
for unemployment - Don't let your pride get in
the way of this one! Immediately file for unemployment!
You don't know how long you will be out of work and
any money coming in will help. Also find out
what services are offered by your local employment
office. Some offer phones and internet access
to help the job seeker.
- Asses
your financial situation - Make a detailed budget
and stick with it. Try to estimate how long
you savings and unemployment (and severance if you
were lucky enough to get some!) will allow you to
look for a job. Make sure to include some cash
for going out since you will need to relax during
this time! There are some good basic financial articles
on budgeting and other topics here: Money
articles and advice.
- Do
you need a career change - Maybe it is time for
a career change? Check out this page for more information:
Guide to career change.
- Make
a home office - Set aside a place in the home
with all the basic office materials that you have.
If you are lucky enough to have a placement service
then learn about what services they offer.
- Make
it a job - Like any job you can take a day off,
but treat your looking for a job like it is your job.
Five days a week, eight hours a day. I would
tell myself I would earn a day of vacation for every
two weeks that I worked looking for a job.
- Blow
off some steam - At some time during this ordeal
you will be pissed! The key is to not let your
bitterness consume you but realize that it is natural
to be mad. Just realize it was not personal.
The company will move on and so should you!
- Don't
feel ashamed - Being laid off is not something
to be ashamed of in the biotech industry. If
it has not happened to you yet then you are the exception
to the rule! Chances are that most people that
you talk to during your job search have been laid
at least once in their career.
- Leave
on good terms - If you must return to your job
to pack up your things make it a point to go around
to everyone that you knew and give them your contact
information and get theirs! Try to keep a happy
face and don't be bitter. The "survivors" of
a layoff go through quite a bit of stress as well!
Every day you are distancing yourself from the event
whereas they have to look at the empty cubicles and
offices every day. That does not make for a
very happy work environment.
- Take
a self assessment - Ask those deep questions:
What kind of job do I want? Where do I want
to work? Should I change my specialization?
- Who
do I know? - This is the start of the job search.
Making a list of who you know and where they are.
Get this organized on paper or with software such
as Outlook or Act 2000 to track correspondence.
- Figure
out what to say - I would discourage scripts as
they make you seem a little to much like a robot.
Instead put together a few talking points. Make
sure to get at least one name from each person on
your primary list.
- Example
for people you know
- Find
out how they are doing, what is new with them.
- Give
them the news about the layoff if they don't
already know.
- Tell
them what you are looking for in a job.
- Ask
if their company is hiring.
- See
if they are free for lunch (if they are -
ask them if they could think about who they
could refer you to between now and then).
- Do
you know which companies are hiring?
- Is
there anyone else that you know that I should
call? (I can't stress this enough).
- Example
for people you don't know
- Introduce
yourself and say who referred you to them.
- Tell
them you were laid off and what type of job
you are looking for.
- Ask
if their company is hiring.
- Do
you know which companies are hiring?
- Is
there anyone else that you know that I should
call? (I can't stress this enough).
- Go
to any scientific meetings in your area - If there
are any meetings which interest you then make sure
to go! Look at these as an opportunity to network!
If you don't have the cash then contact a sales rep
and get an exhibitors guest pass.
- Target
you correspondence - Target your correspondence
to a specific person at each company. After
a few days follow up with a phone call or an email
to ensure that they received your CV or references
and that they were delivered to the appropriate person.
- Practice
your interview skills - A great place to do this
is at a scientific meeting. The career fair
can set you up with several interviews in a short
period of time. Go on interviews even if you
don't think you would care for the job. You
might be surprised when you interview and it will
give you valuable experience for the job you really
want.
- Consider
consulting, temp work or a side business - After you have exhausted
your contacts consider consulting or temp work.
In the right situation this can be very nice.
I did some consulting during the last layoff period
which allowed me to not dip into my severance and
also gave me the confidence I needed in my job search. Also consider starting something on the side that can run on its own. I started theLabRat.com between jobs.
- Put
your extra time to good use - If you don't want
to consider consulting or temp work then make sure
your days are busy. Chores around the house
are nice to get done but I would suggest taking some
time to learn some new skills or even take a short
course at a local college.
- Before
you start your new job take a vacation! - You
have earned it! Once you start your new position
you will not be able to take a vacation for quite
a while, so take advantage of the time and go have
some fun.
- Save
your receipts - Remember that everything you pay
for on your job search is tax deductible! Make
sure to consult your tax advisor on this, and if you
don't have one then get one!
I
hope this guide will help you out. If you feel
you need more assistance, I would suggest you contact
a placement service to arrange for an appointment.
I have used DBM (Drake, Beam, and Morrin) in the past
and found it very helpful. If you have any suggestions,
please email them to me.
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