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	<title>midlifecareerstrategy.com &#187; layffs</title>
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	<description>Career Planning for Midcareer Professionals</description>
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		<title>Career Planning for the Worst Case Scenario</title>
		<link>http://midlifecareerstrategy.com/blog/archives/222</link>
		<comments>http://midlifecareerstrategy.com/blog/archives/222#comments</comments>
		<pubDate>Tue, 08 Jul 2008 17:49:39 +0000</pubDate>
		<dc:creator>CathyG</dc:creator>
				<category><![CDATA[career planning]]></category>
		<category><![CDATA[job loss]]></category>
		<category><![CDATA[moving]]></category>
		<category><![CDATA[relocation]]></category>
		<category><![CDATA[career change]]></category>
		<category><![CDATA[jobs]]></category>
		<category><![CDATA[layffs]]></category>

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		<description><![CDATA[In today&#8217;s Wall Street Journal, Sarah Needleman writes about companies who mis-handle employee firings. It&#8217;s hard to say which is more cruel: getting a phone message, getting invited to a meeting to be told the company will be dissolved or simply ordered out on five minutes notice. But you can&#8217;t control how a company chooses [...]]]></description>
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<p>In today&#8217;s <strong>Wall Street Journal</strong>, Sarah Needleman writes about companies who mis-handle employee firings. It&#8217;s hard to say which is more cruel: getting a phone message, getting invited to a meeting to be told the company will be dissolved or simply ordered out on five minutes notice.</p>
<p>But you <strong>can&#8217;t control how a company chooses</strong> to fire you. You can control how you will prepare for your own worst case scenario.</p>
<p><strong>Diagram your play before you need one</strong>.<img src="http://www.midlifecareerstrategy.com/blogimages/plansm.gif" alt="plan career change" align="right" height="147" hspace="2" vspace="3" width="160" /></p>
<p>Imagine a <strong>basketball team that&#8217;s down by 10 with 3 minutes to go</strong>. The coach has a play already diagrammed and ready to go. Even if your team probably won&#8217;t win, you know what to do: cut into the loss, hope to pick up free throws and bring out your best 3-point shooter.</p>
<p>You need to <strong>be your own coach</strong>, although you may hire &#8220;assistant coaches&#8221; like the pros do.</p>
<p>So let&#8217;s say you&#8217;re <strong>recruited away from a terrific job </strong>to head up marketing for a new product line, like one manager in today&#8217;s story. You have to move a thousand miles away, uprooting your family. And then the <strong>company decides not to move forward</strong> with the product line.</p>
<p>I encourage my clients to <strong>anticipate being stranded</strong>. People do get fired within 6 months of a big move. It happens more than most people realize, at <strong>every level</strong> of corporate life.</p>
<p>If you&#8217;re in a secure position when you&#8217;re recruited, you <strong>may be able to negotiate a contract</strong> or letter of agreement to pay a lump sum if the position falls apart.</p>
<p>You may decide to leave the family and<strong> commute for six months</strong> while you scout out the situation. You might have a working spouse or a start-up plan for <strong>your own business</strong>.</p>
<p>Of course, you can probably think of at least a dozen more options if you<strong> go into brainstorming mode.</strong></p>
<p>But I recommend <strong>taking stock every 3 to 6 months</strong>. What will you do if your job disappears tomorrow? There&#8217;s no easy answer. But you can set up resources to call, build a network, and create an emergency fund.</p>
<p>And you can come up with a <strong>set of questions to ask </strong>your new employer before you sell your home and move your spouse, kids and dog across the country or around the world.</p>
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