From the course: Managing Your Finances Through a Career Transition or Layoff
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The first thing to do if you find yourself laid off
From the course: Managing Your Finances Through a Career Transition or Layoff
The first thing to do if you find yourself laid off
- When it comes to your career transition, I want you to know that timing is key. There are many decisions that need to be made within the first 15 days, and even more by the first 30 days. The first and most important thing to do is to document your company assets. Start by documenting all company contacts, emails and phone numbers of everyone at your soon-to-be former company that will be a help to you today and in the future to manage your finances through this transition. You can create a simple Google Doc or Notepad of individuals in Human Resources, your managers, the payroll managers, the plan sponsor of your 401k or 403b, the custodian of your company's stock, if you have one, the contacts to your health, medical, dental, vision plans, and more. Add to this a list of all your URLs. Once you leave the company, you won't be able to just pop into the benefits portal at work. You're going to need the external…
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