Being laid off in the middle of an economic and public health crisis is probably one of the most difficult experiences one can go through. While it’s understandable that after losing a job the entire focus of a person shifts to finding another job. But, this process could be extremely daunting, leaving one frustrated and depressed, especially when many companies are either downsizing or are on recruitment hold. No doubt it’s hard, it’s uncertain and scary. But there’s always a silver lining in every difficult phase in life. In this post, I have discussed different strategies why being laid off could be an opportunity to grow if you are mindful of your situation and use your time and resources carefully.
If you have been laid off recently and are looking for a new opportunity, I recommend splitting your time and energy into finding a new job and in personal development. Try to spend at least forty per cent of the time in –
- Reflecting on your life and career
- Analyzing past failures and success
- Self- affirmation
- Upgrading your skill sets
- Working on personal projects or goals or
- Exploring different side hustles, entrepreneurship or passive income strategies
- Career transition goals, if you have any
How Can Being Laid off be an Opportunity to Grow?
You may think, how can someone remain positive and focus on self-growth after losing a job and probably dealing with the severe stress of finding another opportunity. Well, I don’t claim that it is easy. But, it’s definitely worth pushing yourself out of your comfort zone because it will help you cope with depression and anxiety associated with job loss and financial stress. And that’s what I meant when I said being laid off could be an opportunity for you to grow! Here are some of the benefits that you can expect if you can manage to lift yourself from the initial sadness and pain after losing the job. If it feels impossible for you to focus on anything, take your time. Be kind and gentle to yourself. And try again after a week.
Counterbalance the Frustration and Negativity
The joy and fulfilment in pursuing and achieving the small personal and professional milestones would counterbalance the frustration and negativity which build up after a prolonged unsuccessful job search. The journey of chasing your personal goals and passions could make you happier, along with adding a sense of purpose in your life amidst all the external chaos.
One of my ex-colleagues was really depressed after losing her job and had to move to her parents. She used to be a long-distance runner in college. After recovering from the initial shock and disappointment of being laid off, she started running and set a goal for the next two months. Now one month after the layoff, she is still actively looking for a new opportunity and is under a lot of financial stress. But the financial stress and anxiety couldn’t keep her away from chasing her goal as a long-distance runner. She claims that without running, it would have been difficult to hold herself together in this difficult time. Now, don’t you think being laid off was an opportunity for her to grow out of her comfort zone and do something which she wouldn’t have done otherwise?
Opens the Doors For New Opportunities
The skills and experiences gained in this process would expand your horizon, possibly opening up the doors for new opportunities, which you haven’t imagined before the layoff.
A couple of my self-employed friends have started stock trading during the recent shelter-in-place and found it really interesting. They’ve started reading and learning about investing in the stock market, and have joined an online course in it. They are planning to continue investing in the share market even when their work situation improves.
Working on personal projects and networking could also potentially create new opportunities and new collaboration. Two years back, when I moved to the United States and was looking for a job, I attended a professional development program offered by the United Nations Association San Francisco Chapter(UNA SF). After graduating from the program, I joined the Board of Directors of the UNA SF. And after two years, now I’m the Director of the same program. This program provided me with an immense opportunity for my professional and personal growth. It helped me connect with a lot of like-minded people related to my work as a gender equality activist.
Will Make You More Confident and Resilient
You will certainly be more confident and resilient as you continue to upgrade yourself and learn new skills. There will for sure have a positive shift in your personality. These will also increase your chances of clearing interviews, or your ability to effectively deal with failures and rejection. There are many different ways you could transform frustration and helplessness into opportunities to grow and evolve!
Attending personal development programs, completing new certifications, analyzing past successes or failures, or learning new technologies are legitimate ways to boost your profile. A friend of mine was really struggling to deal with rejections during his job search, after being laid off. He said he could feel each rejection was shrinking his self-esteem. After a couple of months in this process, he completely lost his self-confidence. His therapist suggested he attend a personal development program specifically designed to improve self-confidence while facing interviews. This program immensely helped him overcome his anxiety, stress, and immensely improved his confidence. He cracked an interview and joined a multinational company after a couple of months of enrolling in the program!
An Opportunity For A Career Transition
This process of personal development might equip and prepare you for a possible career transition. Career transition is a long term process and needs a lot of psychological and professional preparation. Many of us often feel stuck in an unfulfilling career but are afraid to take the risk. Leaving an existing job or career and starting something new, maybe from scratch, is often intimidating. We tend to prioritize stability over our passion. But, once laid off you’ve already been exposed to the financial and professional uncertainties and insecurities. This could be an ideal time to start over something you are genuinely passionate about.
Who knows, maybe in five years from now, you would look back to this phase of your life and would be grateful to this crisis? Maybe the time, opportunity, as well as hardship it brought along, will change the course of your life.
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