Navigating Layoffs: Steps to Bounce Back and Succeed

5 mins
June 13, 2024

Introduction

Facing a retrenchment can be tough, impacting more than just losing a job. In 2023, over 14,320 individuals in Singapore experienced this, driven by challenging economic conditions. But challenges also offer growth opportunities. This article explores strategic steps to empower those affected by layoffs to emerge stronger in their career journey.

1) Update your Resumes and Online Profiles

After a retrenchment, freshen up your resume and online profiles to highlight your latest skills and experiences. Tailoring your resume to showcase relevant achievements increases your chances of catching potential employers' eyes.

Utilise user-friendly platforms like FastJobs to create and update your resume effortlessly. With FastJobs, generating a professional resume takes just a few simple steps:

Step 1: Add your personal information, work experience, skills, language proficiency, and education to your profile on the FastJobs App.

Step 2: Click on "resume" on the profile page.

Step 3: Press "view resume" to generate your resume.

Step 4: Your resume is ready!

Watch this video tutorial here to learn how to generate your resume in just 1 Minute!

Alternatively, you can create your resume through the FastJobs website.

2) Explore Training and Development Opportunities

Jobseekers can up-skill themselves by discovering training and development opportunities. You can explore these training and development programs to obtain certification and enhance your skill sets.

Training and Development Opportunities:

  • Online courses
  • On-the-Job Training
  • Skill-Based Training Workshops
  • Industry- Specific Training programs 
  • Further education 

Check out the courses available at FastLearn for more options!

3) Consider Part-Time Jobs or Contract Work

As you await responses to your full-time job applications, why not explore part-time jobs or contract work? These opportunities allow you to showcase your skills and experiences while staying active in the workforce.

FastJobs provides a diverse array of part-time employment and contract roles spanning various industries, including retail, customer service, hospitality, and more. Whether you're seeking flexibility or aiming to pave the way for your next career move, these positions offer valuable avenues for professional growth and development.

To apply for part-time jobs on FastJobs:

Option 1: Simply click on the part-time job icon on the homepage of the FastJobs App.

Option 2: Alternatively, utilise the FastJobs App to filter your preferred job type, such as part-time, full-time, or contract roles.

4) Attend Job Fairs and Networking Events 

Jobseekers are encouraged to engage in job fairs and networking events, providing valuable opportunities to connect with potential employers, recruiters, and fellow job seekers. These events offer insights into various companies, job roles, and the benefits they offer.

Types of Jobs Fairs and Networking Events: 

  • Virtual Job Fairs
  • General Job Fairs
  • Industry-Specific Job Fairs
  • Networking Events
  • Career Conferences

Mark your calendars for the upcoming Jobs & Skills Discovery Fest 2024 in May and October! 

5) Explore New Opportunities

Thinking about a mid-career switch? It's a challenging yet fulfilling journey that offers personal growth and skill development. Platforms like FastJobs and SkillFuture can help navigate this transition.

FastJobs offers a wide range of job listings across various industries. Mid-career switchers can explore different sectors to find roles that match their skills, interests, and career goals. With customisable search options, FastJobs streamlines the process of finding relevant opportunities tailored to individual preferences.

Alternatively, Government initiatives like the SkillsFuture Level-Up Programme offer support to workers aged 40 and above with a $4,000 SkillsFuture credit top-up and subsidies for further education. The program focuses on targeted training for better employability outcomes, including part-time and full-time diplomas. From 2025, mid-career individuals enrolling in selected full-time courses will receive a monthly training allowance of up to $3,000. These measures aim to empower workers to refresh their skills, explore new career paths, and stay competitive in today's evolving job market.

Conclusion 

In conclusion, during times of uncertainty, resilience and adaptabiliy are key. Embrace change, acquire new skills, and cultivate connections to foster personal and professional growth. With a positive mindset and strategic approach, you can navigate challenges and emerge stronger than before.

Ready to explore new opportunities? Start your journey with FastJobs today!

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