Job cut, Down sizing, Employer closing down, affects us  Financially,Physically and emotionally. Job Loss can happen because of external and internal  factors.

One may think, my job is safe and I have nothing to fear. You are lucky.

The question is what if?

One may be affected either directly or indirectly. In any case one should look at the hard realities and start acting.

Following points may help in coping:

1. Talk to your Family members. Explain the situation and seek support.

2. Make required adjustments in living style. Simplicity helps.

3. Make a realistic assessment of your Finances. Make a Cash Flow statement for the 

    next three to six months. Look for possible sources of Inflow of Funds and the 

     committed out flow in the form of EMI, Housing Loan, Children fee etc.,

4.Take efforts to collect the monies others owe you.

5.Talk to creditors/lenders for a reschedule of loans.

6. Look for earning opportunity out of existing assets.

7. Re look at your net work of people. Revive contacts,

    seek help for securing employment. Ask for help,

    it works.

8. Ensure that  you collect the amounts  in the form of  PF,

    Gratuity, Bonus,Compensation if any  from your current

     employer.

9. Migrate to different Industry.

10.Invest Time, Money and Energy in acquiring new job

     skills.

11. Keep your Health and other Insurance cover renewed.

12.Start consulting business of your own.

13.Be active.Be positive in your outlook, backed by

     solid action in the required direction.

N.Subramani

www.consultns.com

www.healthtips4all.com