How to Prepare for a Potential Job Loss

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You just never know when a layoff might occur. Even if it doesn't seem like one is imminent or the powers that be tell you that there won't be any reduction in headcount, it is up to you to be prepared. Take it from someone who was laid off when there was no reduction in headcount! It's "special math", but it is a reality for many today. Would you be prepared? Check out these 5 ways to proactively prepare just in case.

Have you ever thought about what you would do in the event of a layoff? It used to be a term associated with large factories and nationwide companies. However, the economic downturn of the last few years has placed a much wider array of businesses at risk. Most are still experiencing difficulties, and very few people feel entirely secure in their jobs.

Some layoffs are completely expected, while others come as a shock. No matter what your situation, it is always good to ere on the side of caution.

Read the full post on Finance forFreelance Life

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