That way, when you’re interviewing with companies, you can share that line of sight, identifying what you had hoped to accomplish and areas you identified that could be improved, Boudouris says. At the same time, track what you still wanted to do within the organization, such as projects you wanted to complete. Start thinking about what you were successful at doing and what you were proud of, he says. When learning of your layoff, Boudouris recommends tracking everything that you accomplished in your role as soon as possible so it’s fresh. “Knowing the amount of EI you are eligible to receive will provide a clearer picture of your finances,” he says. If you delay filing your claim for EI benefits for more than four weeks after your last day of work, you might lose access to them. Ask your employer for any documents needed to apply for EI, Hyde says. Laid off employees may even qualify for free help from a legal aid clinic, depending on their financial situation.Īnother financial task to take care of right away is applying for employment insurance (EI) even if you do have a severance package or money saved up. Usually a severance package includes a one-time lump sum payment, but it can also include an extension of health-care benefits and career transition services.Ĭonsulting an employment lawyer can help give you this missing information, even if you don’t hire anyone to negotiate on your behalf, he says. Labour and employment lawyer John Hyde at Hyde HR Law, says one of the biggest mistakes employees make in this situation is accepting the first severance offer. If you are laid off, here are some tips to help navigate that experience: So where it might have been less competitive before if companies were still hiring at higher volumes, when we see layoffs or companies freezing hiring plans, it does mean that there are potentially less opportunities matched with more candidates at the same time.” “And, you can’t deny that when there are continuous layoffs, it does mean that here is a large group of people who are also looking for jobs at the same time as you. At the end of the day, these companies projected growth that isn’t coming to fruition, says Yiorgos Boudouris, self-employed career coach and head of talent at robot delivery company Tiny Mile. Still, the jobless rate, as of July, still remains significantly low at 4.9 per cent.īut, for those experiencing a layoff, it’s still a tough time because of uncertainty around the economy and poor business growth forecasting. The tech industry, in particular, has recently seen a string of public layoffs, including Canadian companies like e-commerce platform Shopify, which laid off 10 per cent of its workforce, and Article, an online furniture company that laid off 17 per cent of its staff. So, it kind of begged the question, ‘Is this going to happen to me again?’ I don’t want to have to grab a job and then an acquisition happens or the economy takes another step down.”Īccording to Statistics Canada’s latest labour force survey, the economy lost 31,000 jobs in July and 43,000 in June. “Before I made the decision to jump fully into entrepreneurship, I thought, ‘What are my chances of securing new employment?’ As someone working in talent acquisition or working in HR, it was incredibly scary because those were that roles that people were getting cut from left and right. While Murray landed on his feet, turning his side gig as the founder of JupiterHR, a career coaching and recruiting company, into a full-time job, being laid off was stressful all the same. He was among the 159 staff members, of the 1,262 people working for the company, who were affected by the cuts. Murray was laid off from his role as a technical recruiter with Wealthsimple.
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