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What to do When You Lose Your Job

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I’ve been attending a Job Transition group since I got the news of my impending lay off.  It’s been great to connect with like minded people (faith based group) who are going or who have gone through similar situations.  This morning the talk to turned to me with questions of healthcare now, unemployment benefits and general “what to do when you lose your job” tasks.

It’s been a LONG time since I was here…2006 to be exact.  Then it was pretty cut and dried.  I applied for unemployment benefits that lasted 4-6 months, paid for COBRA medical coverage for up to 18 months to continue our medical benefits and started a job hunt with weekly reporting to the Employment Commission to continue to receive my unemployment payments.

Now I’m not leaving corporate, I’m leaving contract work so no unemployment as far as I know, no COBRA and I had three weeks notice rather than the single day I had last time.  Very different and not so cut and dried.

So I’m hear asking for your collective wisdom…what do you do now when you lose a job?  Here’s what the Job Transition group advised me this morning….

  1. Apply for unemployment…let them tell me if I’m eligible or not.  At least it might result in some temporary income.
  2. With the new Obamacare, I cannot let my medical insurance lapse or I will face penalty, so I have to do something about that.  And without steady income, well that could be problematic.
  3. There  are lots of alternative resources out there, research them now, apply for help now, just in case, so that I don’t get to the point where I’m panicking and reach the point of no return with certain financial matters…suggestions are United Way (strict guidelines for help that I probably wouldn’t meet at this point,) local churches are not governed by strict regulations, grants for single moms, etc.

So here I am asking for your best advice, what would you do in my shoes?  What steps do I take now?

And the Job Search is On

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First week without a job…it’s a very new feeling after 10 years of working 70+ hour work weeks.  I have really been focusing this week of keeping things low key and not going into panic mode.  It’s a very different routine, and I’m not taking it for granted, trying to enjoy it while it lasts.

Over the last few weeks, I have been knee deep in the job search primarily focusing on returning to the corporate world and with the possibility of moving.  I’ve had four first interviews and received one rejection email.  Things have certainly changed since the last time I looked for a corporate job!

I have been very blessed by a particular reader on this blog and I wanted to take a moment to publicly acknowledge that and thank her…

Faye from LeapofFaye.com reached out to me and offered to take a look at my resume and give me some feedback.  And I’ve got to say, WOW!  She completely re-did my resume and gave me some awesome advice on marketing myself…it was SO needed and I attribute her guidance to the interviews I’ve landed thus far.  And frankly, after 10 years out of the job market…things have certainly changed.  So I really want to thank her for reaching out and giving me a great push in the right direction as I tackle this transition in my life!  Here’s a little bit about her…

Faye is an almost-40-something mother of two (with a third on the way!) who has recently left her high powered 20+ year career in the financial services industry to pursue her passion of writing and spend more time with family – you can follow her experiences in making the leap to self-employment, adventures in parenting, and all her other favorite topics. Check out her site at LeapofFaye.com

So this afternoon, I have a second interview for a part time job that I’m pretty excited about. It will allow me to continue to work from home, have flexible hours and seems like a pretty cool gig. It won’t pay the bills, but would be money coming in, and I’m sure you know, every bit helps!

I continue to look at jobs and have expanded my search area to pretty much Anywhere, USA. I would love to go overseas, but not sure the kids would handle that well at this point.