Due to its very nature, job loss is something many people try to avoid thinking about. It’s a stressful situation, and many people have an “out of sight, out of mind” mentality for it. But this doesn’t stop it from becoming an ever-present fear in working-class America.
Shifts in the job market, economy, and even within one’s own company can lend itself to thoughts of “What if I lose this job?” This is especially difficult at a time when more and more jobs are becoming automated or being outsourced to freelancers and other firms.
Fortunately, the fear of job loss can be mitigated by preparing for it well in advance of losing one’s job. There are some great ways to create a safety net early in your career for a time when you might not be working.
Build an Emergency Fund
An emergency fund is a type of savings fund, usually with a few thousand dollars in it for a car repair or medical expense. While these are all great reasons for having one, an emergency fund has a lot of added value when it is created as a way to prepare for job loss.
Depending on your situation, unemployment can last a few months to as long as a year. This means that to be prepared, you should save up enough money to be able to live comfortably for up to a year, while you search for your next job.
It sounds like a scary thought but you can determine this by calculating your average monthly expenses, and then multiplying that by the number of months you want to be prepared for. For example, if your average monthly expenses total out to about $2000, you’ll want to have at least $12000 set aside in an emergency fund, enough to get you through about six months of job loss. However, if you’re looking to be prepared for a year-long period, you can also multiply your expenses by twelve, about $24,000 set aside for job loss.
While the total amount needed may seem daunting, preparing can be made easy by putting aside a certain percentage of your income from every paycheck into a bank account with no fees, allowing you to hold onto everything you save. Avoid withdrawing any money from this account unless absolutely necessary, as this will act as a fixed income source in the event you lose your job.
Have Multiple Sources of Income
Unemployment can become a lot less stressful if you have multiple sources of income, as they offer a great fall back. (They also have the added benefit of making wage negotiations much easier and less stressful.) There are two types of income to take into account when discussing ways to generate money on the side: active and passive income.
Active income is any type of secondary job or side hustle you might have. I’m a huge fan of the side gig. If you have been considering starting your own small business or taking on an evening or weekend job like consulting or project management–or even ridesharing, consider it as a safety net for potential job loss. Passive income involves making investments, either real estate or dividend stock investments, that produce income on a monthly or quarterly basis. These require less work but more upfront costs than a side hustle, due to the fact that they require an initial investment cost.
Networking and Personal Branding
Finally, you can make the process of finding a job faster by building strong career relationships. Networking gives you the opportunity to have people to rely on when switching careers for references, and may even be the push you need to find your next gig. Remember to spend time socializing in a professional and productive manner on LinkedIn so that you build a great network of people at your job. These relationships can give you a sense of security, and even make it less likely that you’ll lose your current job.
Consider building your personal brand on websites like LinkedIn that allow you to put a heavy focus on your career successes. Spend time writing well thought out posts about the industry you work in, and share other people’s content as well. This will be a great fallback to reference when looking for a job, as most employers look at social media profiles before hiring.
At the end of the day, job loss is a scary prospect, but the harm that comes from it can be mitigated by spending the time to create a safety net for yourself. This allows you to spend more time focusing on your current career, which in turn makes the risk of job loss far less likely.
Ever wonder if you are putting the *right* information on your LinkedIn profile?
This is a common question I hear, “I don’t know if this or that should be on there” or “I wasn’t sure so I just downloaded/copy/pasted my whole resume to my profile.”
While you want to establish the information you add is relevant to your brand and impactful, you don’t want it to be a duplicate of your resume. They are meant to complement one another. You want your reader to see a little more of a human side to you as well. Think of the LinkedIn profile as the friendly, humanized version of your resume.
Here are some things to think about when building and adding to your profile:
☑️ Fill out all the sections. Don’t leave anything blank. Fill in the volunteer, certifications, languages, projects, honors, awards. You can add PowerPoints, photos, samples of your work (I have these on my profile) coursework, and things you have done in your career.
☑️ Add a profile photo AND a background cover photo (get rid of that blue LI background!). This makes it uniquely you. I love seeing customized background cover photos on LI profiles. They definitely add personality and/or help brand the client by having a photo of the company, service or product they represent.
☑️ Write a headliner that sizzles. Instead of “Account Executive”, write “Account Executive specializing in the development of groundbreaking sales and service strategies internationally”. Add a little zing to it. Get your reader interested. Some even call the headliner “prime real estate” meaning it’s a great place to add keywords and branding that help direct LinkedIn’s algorithms to your profile. Get as clear and focused as you can. Add buzzwords if you know what they are. Not sure? Find jobs that interest you and notice the same words listed over and over? Add them. Don’t neglect this section.
☑️ Create an About section that speaks to the reader. That section used to be more formal and many people wrote theirs like a biography–3rd person, boring, etc. These days, it’s all about the conversation. Get them interested in what you have to say. Write in first person. It’s OK to be a little more human here. People expect it—and love it. The About section should be engaging, interesting, and conversational. Think of it as if you are speaking to someone at a networking event. How would you speak? What would you say? You’d keep it professional but interesting, right? You want to tell a story about why you do this type of work and what makes it interesting. Be enthusiastic.
☑️ Add Content! Make sure to add descriptions of what you do at your job. Add your daily responsibilities as well as your accomplishments. This is where I see clients fall short. They add their company and job title but nothing else. LinkedIn rewards content. While you don’t want to copy and paste chunks from your resume, you also don’t want to leave critical information out. Rewrite those areas but make sure to add content to your roles. What were you most proud of accomplishing? What projects have you worked on that added value? What is interesting about where you work?
You can also add numbers and percentages. If you are hesitant about sharing exact figures, you can say, “increased revenue 87% in two years”. Adding numbers adds to your credibility and gives the reader a glimpse of what you have done.
☑️ Get a recommendation. A recommendation or two on your profile livens it up and gives you more credibility. What good do thousands of connections do for you if you don’t have one recommendation? It might feel awkward, but once you’ve asked it’s done and guess what? You’ll most likely get that recommendation!
☑️ Create an endorsements section. Complete the skills and endorsements section and pin the top 3 that related to your job hunt. Again, these are key with algorithms and recruiter searches as well.
When all of this is done, remember the key to a strong LinkedIn profile is engagement. The more you use LinkedIn, the more it rewards you by showing your profile in recruiter searches. Reach out, plan on getting on LinkedIn 10-15 minutes every other day and watch it go to work for you.
The Ultimate Must for all Executive LinkedIn Profiles, Emails, Resumes and Cover Letters
Grammar, spelling and punctuation issues can bring your job search to a screeching halt before it even gets started. Still, too many executives overlook basic typographical errors that significantly hurt their chances of landing the job they desire. Whether it’s your LinkedIn profile, resumes and cover letters, emails or anything else, always take the time to proofread your work before any other eyes see it. Some recruiters and hiring managers may forgive a typo here and there, but you shouldn’t rely on it. Here are some tips for avoiding these mistakes and why it’s important to avoid them.
Proofread Everything Before Sending or Publishing
Never rely on the spell check program your word processing software has. Many important words can go undetected when misspelled, so it’s always important to give every document a thorough proofread before sending or publishing it. When you’ve looked at your resumes and cover letters for hours, it can sometimes be easy to overlook simple mistakes. Those simple mistakes could be costly and derail your job search.
Misspelled Words Can Hurt Your SEO
Not only will a hiring manager likely push your resume and cover letter to the side if they contain typographical issues, but you might also be undiscoverable online. Hiring managers rely on online searches to find the best candidates, so if important SEO terms are misspelled, they won’t find you. Everything from the headline of your LinkedIn profile to the list of achievements in your resume all factor into your SEO. One misspelled word can hurt you in different ways, so looking at everything with attentive eyes is worth the effort.
Have A Professional Read Your Documents
An executive resume service will easily catch simple typographical errors. However, what they also do to help is make sure your resumes and cover letters flow naturally, make sense to the reader and clearly demonstrate your brand and intentions. It’s entirely possible for you to have a resume free of grammatical and spelling issues, but still not help you because the language isn’t clear. This is where an executive resume service is beneficial to ensure your target organizations understand exactly who you are.
At Professional Resume Services, we don’t want simple mistakes getting in the way of your dream job. We are here to help you with any aspect of your job search, whether it’s creating a new resume from scratch or fine-tuning an existing one. Typographical errors aren’t a reflection of whom you are necessarily, but they can severely hurt your job search efforts. Feel free to reach out to us at any time to see how we can ensure this doesn’t happen.
If it’s been a while since you looked for a new job, you likely haven’t updated your resume during that time. Depending on how long it has been, simply making updates to it won’t be sufficient. When writing an effective resume today, you have to take into consideration how it looks digitally as well as on paper. And a lot of the resume writing strategies that applied a decade ago should be avoided now. Recruiters and hiring managers will be able to easily tell if your resume is dated, so here’s how you can rework yours to catch it up with modern times.
Old Resumes Need To Be Reworked Completely
Any professional resume writing service will suggest rewriting your resume completely if it’s close to a decade old. Sometimes it’s best to start with a blank document so you won’t be tempted to operate under the same framework as your old resume. But when you’ve only written a couple of versions of your resume, and none of them have been recent, how do you know where to start? An executive resume writer is a good resource since they are up-to-date on what should and shouldn’t be included.
Resume Writing Strategies To Consider
Old resumes didn’t typically highlight a job applicant’s personal brand. Today, personal branding is essential to include on resumes, since it’s what sets you apart from the rest. It can be difficult to do this if you’ve never done it before, so there’s no harm in working with an executive resume writer for assistance.
Keywords, formatting, hyperlinks and more should also be modernized in your resume. With more employers using applicant tracking systems to help them filter through resumes, it’s essential to include proper keywords and phrases to ensure your resume gets recognized. Targeting is also highly recommended when writing an effective resume. Employers can spot a general resume quickly, so do your research and demonstrate your knowledge about the company and their needs in yours.
Outdated Details Should Be Removed
Details like where you live, professional references, outdated expertise, an objective statement or other personal information don’t belong on resumes anymore. Of course, if a specific employer asks for this information, then you should have it handy and ready to provide it to them. Nothing demonstrates an outdated resume more than including these types of details, which most employers aren’t interested in.
Professional Resume Services takes pride in being a trusted professional resume writing service for numerous executives. Keeping up with the times is difficult today in the fast-paced world we live in. It’s especially difficult to do so if you have held the same job for many years and need to put together a resume quickly. Whether you’re actively looking for a job or if you just want to give your resume a boost, feel free to contact us for a consultation.
3 Things to Keep You Busy While You Wait for the Executive Job Interview Call
Job searches can be stressful, time-consuming and frustrating, but they don’t have to be. It’s natural to think you’ll get a call for an interview right away when you send in your resume to a company. But even if you worked with the top rated resume writing services, there’s still a chance you won’t get the call as quickly as you had hoped. Instead of dwelling on it and thinking about where you may have gone wrong, use the downtime to your advantage. You never know what may happen, but keep yourself busy by doing these things.
See if Other Companies Match Your Interests
Every executive resume service will tell you to not put all of your eggs into one basket. While you should spend a significant amount of time researching a company before sending in your targeted resume, don’t stop there. Move on to the next company to see if your personality fits with their culture and if you have the skills they are looking for. Most people have a specific list of companies in mind that they want to work for, but may discover other opportunities in the meantime they didn’t expect.
Make A New LinkedIn Connection
You can also use your downtime to update your LinkedIn profile and come up with strategic ways to utilize the platform. Take some time to find executives from other companies of interest and reach out to them. There’s never any harm in introducing yourself and making a new connection. Just don’t go overboard by building your list of connections so large and not knowing half of them. Making connections through your LinkedIn profile can lead to various opportunities later on.
Thank Your Past and Current Mentors
Waiting for a job interview call is a good time to reflect on where you’ve been and look forward to where you want to be. An executive resume service may suggest reaching out to your past and current mentors to simply thank them for how they’ve helped shape your career. They will appreciate the gratitude more than you think, and you never know if they’ll be able to provide you with one last nugget to help you move forward.
Professional Resume Services is more than simply an executive resume service. We work with executives who are at different points in their careers and are pursuing different paths. Some executives we work with don’t have a LinkedIn profile, while others simply need to brush theirs up. No matter where you’re at in your career or what type of career advice you think you need, feel free to contact us at any time to see how we can help.
Do You Have the Spark to Advance Your Executive Career?
We all hit points throughout our career where we hit a stall or things become stale. This could be due to getting comfortable with your current position or simply not knowing what direction you want to go. Using your LinkedIn profile for networking purposes can help you find some direction and potentially lead to other opportunities. It’s natural to hit a stall in your career, but it’s also possible to move forward when you’re ready. If you know you’re ready to advance your executive career, but can’t seem to find a spark to get you going, we’ve got some tips to help you out.
Let Career Detours Be Inspirational
If your career path isn’t headed exactly how you planned it to, don’t get discouraged. Everyone will have detours in their career. Instead of looking at those detours negatively, view them as inspirational and work harder to get back on track. Revisit your executive resume biography as a reminder of where you are now and where you want to be in the future. When your path changes, look for ways to grow from it and make any adjustments you deem necessary.
Always Look For Ways To Grow
One of the biggest sparks executives experience in their career is learning a new skill. Being able to add a new skill to your executive resume biography is motivating, so consider taking an advanced course or work on projects of your own in your free time. The top resume writing services encourage people to step out of their comfort zone occasionally because it will lead to growth no matter what. Learning experiences are valuable for career growth, but you won’t experience any of them if you don’t take the first step forward.
Network With Like-Minded Experts
Networking can lead to many different opportunities and can be a big spark for your career. You don’t even have to attend a networking event with the intention of finding a new job. Simply talking with like-minded experts can give you new ideas on how to approach your career or certain projects to help you move forward. Be sure to have your LinkedIn profile updated, though, since you’ll likely want to reconnect with people you’ve met through the platform.
At Professional Resume Services, nothing is more satisfying to us than seeing executives get exactly what they want in their career. We are considered to be one of the top resume writing services because we have a wide range of expertise designed to help people advance in their careers. We understand everyone goes through a stall in their career, and we are here to help you get out of it when you’re ready. Never hesitate to contact us if you’re ready to spark your career and take it to the next level.
Executive Resume Targeting is More Important Than You Think
What’s the first thing you think about when you start preparing or updating your resume? A common misconception today is thinking you have to craft your resume to be more general since you don’t know exactly what an employer wants to see. The reality is hiring managers are looking specifically for people who understand their needs and have the skills and knowledge to solve their problems. The key to getting recognized is writing an effective resume geared toward acknowledging those specific needs and demonstrating why you have the skills they are looking for. Targeting your resume is critical today, and here’s why it’s so important.
Targeting Doesn’t Limit Your Job Search
Your first thought when the best executive resume writers tell you to target your resume may be that you’re limiting your job search options. There’s no such thing as a one-size-fits-all resume. Employers need to see specifically how you can help their current and future situation, so only including relevant information in your resume is critical. When writing an effective resume, your time is much better spent researching a potential employer and targeting the resume accordingly rather than trying to create a general resume to reach a wider audience.
What To Do Before Writing Your Resume
The top resume writing services always suggest thinking hard about exactly what you want to do at your next job. Once you have your goals and desires set, you can search for potential employers that can help you achieve those goals. Take a look at what attributes and skills the company needs and identify where you can help them out the most. When writing your resume, be sure to demonstrate your brand clearly so the hiring manager will know exactly who you are, what you stand for and how you can help the company achieve its goals.
Make Your Resume Stand Out
Hiring managers want to see you’ve done your research on them before sending in a resume. The best executive resume writers can help you with relevant keywords and phrases employers want to see. When you value the idea of working for an employer, the hiring manager will be able to see it and you’ll have a better chance of getting called in for an interview.
Professional Resume Services knows it can be difficult to wrap your mind around targeting a resume. While resume targeting has always been important, employers today take it much more seriously in their efforts to narrow down candidates to find the right fit. We take pride in being one of the top resume writing services and are here to help you with your job searching journey. Feel free to reach out to us at any time for assistance when writing your targeted resume.
Do You Have the One Skill Every Executive Should Possess?
Executives often have a similar skill set, background and education. So how can you set yourself apart from the rest? There are plenty of ways to do so, but there’s one overlooked skill you must possess: listening. In the world we live in today, too many people want to talk about themselves, which leads to one-sided conversations no one really listens to. Your executive resume biography is designed to talk about your achievements, but when you’re networking, let someone else do the talking while you listen attentively. Here’s why listening skills are so valuable for executives.
Build Your Personal Brand By Listening
The best resume writing service builds their reputation by listening to what their clients have to say and acting on what they’ve heard. On the same hand, you can build your personal brand by simply listening to others when they talk, asking questions in return and acting on anything you hear. Always be listening for things people say where you could fulfill their needs, or where they could fulfill your needs. In many situations, you will leave a conversation with people thinking highly of you even when you don’t say much.
Ask Insightful Questions
When writing resumes and cover letters, you have to ask yourself important questions about your past experiences in order to determine how well they fit with the company you’re interested in working for. When talking to someone, the only way to know whether your experiences are beneficial to them is by asking insightful questions. And the only way to know what questions to ask is by listening closely to what they are saying. When you ask the right questions, the other person will do most of the talking so all you have to do is listen.
Good Listeners Stand Out Among A Crowd
When you combine listening skills with asking insightful questions in return, people will take notice. You likely talk to many different people at networking events, but the ones who stand out most often are the ones who listen and respond accordingly. People are experts on themselves, so that’s usually what they talk about the most. Instead of returning the favor and talking about yourself, focus on the other person and you’ll earn a lot more respect in return. Professional Resume Services has earned the reputation of being the best resume writing service, but we do much more than simply write resumes and cover letters. It’s easy to indicate on your resume that you’re a good listener, and it’s even better to put those skills into action. If you aren’t sure about what type of insightful questions you can ask or how to respond to people during networking events, feel free to contact us for tips and advice.