The global financial crisis could increase world unemployment ... what if you actually lose your job?

We are reading and hearing in the news every where about the impact this financial crisis may have in the unemployment. Just by reading some of the latest you can't stop wondering about what to do if you get to be impacted.

ILO the International Labour Organization - says The global financial crisis could increase world unemployment by an estimated 20 million women and men, as per its Director's words today. See below the link that gives you access to the total report. ILO Director-General Juan Somavia said the ILO’s preliminary estimates indicated that the “number of unemployed could rise from 190 million in 2007 to 210 million in late 2009.”
Mr. Somavia added that “the number of working poor living on less than a dollar a day could rise by some 40 million – and those at 2 dollars a day by more than 100 million”.
Mr. Somavia also said that the current crisis would hit hardest such sectors as construction, automotive, tourism, finance, services and real estate. He also noted that the new projections “could prove to be underestimates if the effects of the current economic contraction and looming recession are not quickly confronted”.

http://www.ilo.org/global/About_the_ILO/Media_and_public_information/Press_releases/lang--en/WCMS_099529/index.htm )

There are some few matters that you should take into account to be ready for a change of this proportions:
1. Have a backup plan, if you lost your job today, what's your backup plan? How long will your savings hold up? The answer should be, "I have enough saved up until I find another job ." Don't carry more credit card debt than you can pay off in three months. Be smart! Find a financial advisor to help you make a transition plan.
2. Design a strategy to land you the next job. Chart a search plan. Volunteering; professional organizations, or clubs. NETWORKING IS KEY!. Stay connected to people and open yourself to make new contacts. Remember to return the favor: What goes around, comes around. Especially today, if your contact is a valued employee and recommends you to his employer.
3. Get active. Make a structured routine of your week. Have weekly goals and start investing your time wisely, so you do not get psychologically impacted. Depression and other psychological reactions can be part of changing jobs. Embrace the opportunity to explore inside yourself on what your strengths, achievements, competencies are and create your brand to market yourself successfully. You may need the gift of a career coach who can counsel you on how to change jobs and be more successful in your search.

Face the job exploration with a sense of adventure. New opportunities can open up for you, after all, you may end up doing what you've always wanted. Keep learning and growing out of the experience and remember you CAN make this change works in your favor!

If you are already thinking or wondering on what your career transition plan could be and how to optimize your job exploration process, please e-mail me at career4changes@live.com to schedule your first free consultation appointment (offer valid only for new clients).

"You must be the change you wish to see in the world"
Mahatma Ghandi