You can not open the newspaper or watch a news broadcast without being aware of how many Americans are losing their jobs. As devastating as this can be how you handle it is very important for both your financial security and peace of mind. If you follow some of the steps below hopefully we can make a very difficult time a little easier.

First, make sure you collect all of the wages that are owed to you by your former employer. Not just your salary, but any vacation and sick pay owed to you should be collected. If you were promised a bonus or are owed commissions make sure you collect those also. Don't let the employer intimidate you.

Second, check into your health insurance to see how you can take advantage of COBRA. It is now more important than ever to make sure you have coverage in case of an emergency. Going to the doctor or the hospital without insurance, could cost you all of your savings.

Next, check with your states unemployment to see if you are eligible. If you are fill out the forms as soon as possible so you can receive your first check quickly. The basic amount of time for unemployment is 26 weeks. But now with the high rate of unemployment extensions are being given. Make sure you check all of your options.

In addition, don't be embarrassed many people are losing their jobs today through no fault of their own. Tell people, talk about it. Don't isolate yourself. You never know when you are talking to someone they may know of a position for you.

Lastly, take this opportunity to evaluate what you want to do with the rest of your life. This a perfect time to consider starting your own business. Many folks are looking to online home businesses. Even if at first it is only part time it can grow into a full time profitable endeavor. Most important, don't get down on yourself, keep a positive attitude and think of this whole experience as a new beginning.

How to: Handle Job Loss
Advice about: Landing Perfect Job

Bryan Burbank is an expert in the field of Great Jobs and Careers.

Article Source: http://EzineArticles.com/?expert=Bryan_Burbank

Bryan Burbank - EzineArticles Expert Author

During troubled economic times, many companies are forced to lay off employees in order to maintain profitability. Whether you suddenly find yourself unemployed, or you are no longer satisfied with your current career, a change in your career path may be just what you need to make a fresh start.

When thinking about making a career change, it is important to consider the following points:

Career Skills: You should find out what skills you will need for your new career. You need to know if you will have to go back to school and the type of education that is required for the job. As well, you will need to determine if your current job skills will be useful in helping you obtain the job. You may have to acquire new skills and training. You should also make sure your strengths and weaknesses complement the new career. Personality testing and skills assessment will provide insight into your personal characteristics. Look for ways to develop new skills in your current job

Alternative Career Ideas: Discuss your personal values and skills with coworkers, friends, and family. They may be able to offer advice on what type of career would best suit you. You could also visit career centers, online resources, and libraries.

Job Satisfaction: Do not choose a job just because someone you know finds it rewarding. It is important to obtain a job that makes you happy, Do some research and talk to others in the field. You may even be able to spend the day job shadowing. Volunteering is another option. You will learn more about the job and also make business contacts. Because so much time is spent in the workplace, it is important to have an enjoyable and rewarding career.

Research Employers and Businesses: Learn all about the industry and employers in your interested field. You should find out about such job prospects as whether it is a growth industry and if you will have to relocate. Talk to employees to get their opinions about the job. Determine what career prospects will be like in a year or five years.

Self Employment: Many people are turning to self employment. Freelancing is becoming quite popular. Find out if you can be successful as your own boss and what you have to do to become self employed.

Salary: It is important that your new career gives you financial stability. Compare your current job salary with the average salary of the new career. Make sure you research such benefits as health insurance, dental insurance, pensions, etc. It is great to pursue your dream job, but you have to consider the financial implications. A reduction in pay may not be a problem for a single person, but if you have a family, a drop in salary will affect their lifestyle.

Consider Another Position: If you are unhappy at your current work level, ask your employer if there may be another position available. For instance, if you are a manager in a clothing chain, check to see if there any corporate positions available.

Ask for Assistance: A career counselor can advise you on what you need to do to change career paths. They will offer helpful advice regarding your career options and whether you are making a good decision.

Changing career paths can be a difficult life decision. Taking the time to research and explore all options will make the decision much easier. Identifying what type of job will make you happy and fulfilled is a vital step in charting a new path. Whatever the decision, going through the process will help you learn a lot more about yourself and your own personal needs.

Halifax college provides hands-on career training for business management and medical industries and the most reputable Account schools

Article Source: http://EzineArticles.com/?expert=Amy_Nutt