develop a plan for handling potential job loss. remember that your plan should be: * realistic: it should…

develop a plan for handling potential job loss. remember that your plan should be: * realistic: it should involve actions that can actually be done. * directed: it should have some concrete goal that it aims to accomplish. * straightforward: it should not be filled with complications or uncertainties. organize your plan into steps you will take before job loss occurs and after job loss has happened. add or delete rows from the table as needed. junior achievement student workbook 5 job loss before job loss occurs after job loss occurs

develop a plan for handling potential job loss. remember that your plan should be: * realistic: it should involve actions that can actually be done. * directed: it should have some concrete goal that it aims to accomplish. * straightforward: it should not be filled with complications or uncertainties. organize your plan into steps you will take before job loss occurs and after job loss has happened. add or delete rows from the table as needed. junior achievement student workbook 5 job loss before job loss occurs after job loss occurs

Answer

Brief Explanations:

Before job - loss, actions focus on preparation and risk - mitigation. After job - loss, actions center on recovery and finding new opportunities. Before Job Loss Occurs:

  1. Build an emergency fund equivalent to 3 - 6 months of living expenses to cover financial needs during unemployment.
  2. Network regularly with colleagues, industry contacts, and alumni to expand professional connections that may lead to new job opportunities.
  3. Continuously update skills through online courses, workshops, or certifications to remain competitive in the job market. After Job Loss Occurs:
  4. File for unemployment benefits immediately to have a source of income while job - hunting.
  5. Update resume and LinkedIn profile to showcase skills, achievements, and make it easier for potential employers to find you.
  6. Actively apply for jobs, set a daily goal for the number of applications, and follow up on submitted applications.
  7. Consider temporary or freelance work to gain income and keep skills sharp while seeking a full - time position.

Answer:

Before Job Loss Occurs After Job Loss Occurs
Build emergency fund File for unemployment benefits
Network regularly Update resume and LinkedIn
Update skills Actively apply for jobs
Consider temp/freelance work