Job loss is one of life’s most distressing events. However, taking care of a few significant responsibilities during the first few weeks of the situation will safeguard you and give you a sense of control.

Take a look at the different approaches you can use to make it through this challenging period!

Introspective Reflection

Reflection ought to be the first thing you do after being laid off from your job. It will be important for you to address both your feelings and your thoughts. While some people could be upset about not receiving their paychecks, others might be pleased a little about the opportunity to spend a few days without routines.

Accept whatever emotions come up while you’re going through this process. Be gentle with yourself, and take a step back to evaluate your professional experience. Consider what worked and what didn’t in your previous employment, as well as what you’d like to do in the future. This will help you find peace and prepare you for the next big opportunity.

Discover the benefits that are available to you

Canada offers assistance to people who have been laid off from their jobs. The type of compensation that is appropriate for your circumstances will vary depending on several different criteria.

To begin with, your employer is legally required to provide you with payment in lieu of notice if you are fired during the term of your employment contract without prior warning. In most cases, this entails the payment of two weeks’ worth of earnings. However, keep in mind that the employment standards legislation in each province may vary. Because of this, it is essential to conduct searches in the appropriate locations.

If you feel that your dismissal was unjust, you should think about bringing a lawsuit against your former employer in one of Canada’s many civil courts to collect what is rightfully yours. 

Claim your employment insurance (EI)

EI is another benefit on the list of employment programs available in Canada. Unemployed people can get short-term aid from EI. Because it takes some time for the benefits to kick in, you should apply for them no more than 4 weeks after your employment ends if you want your claim to be considered for approval.

In addition, there is a range of benefits to which you may be entitled, depending on the details of your circumstances. Among them are the following: sickness benefits, parental benefits, benefits for expecting mothers, compassionate care benefits, etc.

To qualify for employment insurance benefits, you must have held insurable employment, not worked for more than 7 days, or worked more than 52 weeks. Furthermore, you must have lost your job without being at fault.

An attorney can help you get the facts straight and guide you through the application procedure if you are unclear about whether or not you are eligible for these benefits due to the loss of your job.

Look for other ways to earn money

It will be helpful for you to explore some temporary, casual, or part-time jobs to rack up some income while you are still unemployed. This is not the time to relent or throw in the towel. You probably have family responsibilities and credit card debt that must be paid. Your credit score does not have to suffer in this period. All you have to do is calm down. You will get a job that will push you through until you get the exact job you want.

Adopt a New Budget

It shouldn’t come to you as a surprise that you will have to cut down on so many things. This is the point where you live basically on needs and rarely on wants. Your finances are temporarily experiencing a downward spiral, so you need to be conscious about how you spend and what you spend it on. If you have a family,  they need to understand you so they don’t have too many expectations of you, thereby putting you under pressure. 

It’s time to invest in your personal development

Now is the ideal time to invest in your professional growth. Spending money you don’t have may seem counterintuitive, yet this kind of investment makes it easier for you to get work because it enables you to acquire marketable skills.

In addition, this can be the ideal time to unearth your passions that could one day lead to a lucrative profession. You can glance through advertisements to get an idea of what companies are looking for at the moment, even if you don’t wish to change fields. If you find out that a lot of people are looking for a skill that you don’t have, you can take some classes or enroll in some online courses to improve in that area and get a head start on the competition.

Start Your Job Search Process

Finding a new job after you’ve lost your old one is the most difficult challenge you’ll face. To begin with, you will need to fine-tune and refine your curriculum vitae as much as possible. After that, submit applications to all open jobs that you believe are a good match for your experience and skills. After that, you should brush up on your ability to conduct interviews so that you can make the most favourable impression possible on a potential employer.

In addition, you need to be forthright about the fact that you previously lost your job. Even if you don’t inform a potential employer that you were fired, they will find out about it eventually, even if you try to hide it. Because of this, being honest is your best option because the vast majority of companies place a high value on it.

And finally, you must maintain a positive attitude throughout your quest. You are going to be resilient and patient. It would pay off.

If you’re in debt, seek debt solution options

Losing your job was the last thing on your mind, but it has happened. On one hand, there are family responsibilities, mortgage debt, and/or credit card debts. You don’t have to wait until the debts are about to swallow you up before you seek help. The good news is that you get to have an appointment with a debt counsellor from EmpireOne Credit Solutions. We have the best and most experienced staff who will listen to you, show empathy, and come up with a plan to help you pay off your debt using various debt solutions that are available. Book a free consultation with us today. Being debt-free feels good!