How To Search Opportunities When You Get Laid Off

Getting laid off from your current job can lead to major disappointment. It might take a while to come back to track but the sooner you can do that the better it is for you after all, Confidence is the key to success. You might also find yourself reading “how to tackle disappointment” out of depression when you get laid off.  Many of you might think that the first thing you need to do here is accept it and stand back up. Though it might be hard, it is actually the best thing to do when you are fired.

When you are laid off from a job, you are fired from that employment, whether or not you were given a warning and severance compensation. You frequently lose your job for no fault of your own. It basically means that the company no longer needs the position you are in. 

So, why do the layoffs happen?

There are quite a lot of reasons why you can get laid off from work, such as

• The company you were working in had to close because of some natural disaster.
• The company might have suffered a machine breakdown.
• As a result of the company’s decision, all production operations might have shut down.
• As a result of reorganization and switching to another production mode, the company has decided to restructure. 
• There might be insufficient amount of power in the company.
• There is a high possibility that the company doesn’t have the funds to pay their employees. 
• Insufficient raw materials and other things necessary for production. 

A most commonly asked question: –

Is being laid off and getting fired the same?

Though you lose your job in both cases, getting fired and getting laid off are certainly not the same. 

What is being laid off? 

A layoff typically occurs when a firm decides it no longer needs or can afford specific work roles. In some layoffs, the workers might be rehired if the business is able to restart operations, while in other situations, the work termination might be irrevocable.

And, what is getting fired? 

Usually, when you’re fired, it’s because of how poorly you performed. Although they may still need someone to fill your position, they might not believe that you are the best candidate. You might not have the diligence or the necessary skills to perform well at work. It’s possible that the management thought you were dishonest or unreliable. There are many reasons you can be terminated from a job, but they can include poor behavior, failure to meet job expectations, and poor work performance. It is also possible to be terminated for violating a company policy, doing something that is damaging to the company’s reputation, and being illegal.

What is the difference between getting laid off and getting fired? 

The way the HR department delivers the news distinguishes between being laid off and being fired. If you are being laid off, they will let you know that your position has been eliminated as a result of the company’s choice to cut back on staff. You might or might not get a heads-up about the upcoming layoff, and the corporation might be firing people besides you as well. If the business has the resources and you worked there for a long time, they might give you a parting gift. In case you are fired from your job, you will get informed from the HR why exactly you are fired. 

What is the severance package if you get laid off?

It is up to the company that employed you to determine whether you will receive a pay check after being laid off from work as well as the number of years that you worked for the company and the employment agreement that you have with the company. If you are laid off from your job, you may be eligible to receive a layoff compensation package that is worth 50% of your basic salary and dearness allowance. This can help to ease the financial burden that is associated with being out of work. To receive this compensation, you will need to contact your former employer and provide them with documentation of your eligibility. This is a standard practice in many companies and is meant to protect the company’s interests. 

Conclusion

Once you are laid off, don’t break down and do things which will keep you engaged and confident. Get references from your office HR, update your resume or you can even think about your career- whether you want to work in a different industry altogether.

If you really required help about regarding new opportunities when you get laid off, contact us @VIDAL INTERNATIONAL on@ +91-81 8680 8680.