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The Association of Corporate Counsel (ACC) is the world's largest organization serving the professional and business interests of attorneys who practice in the legal departments of corporations, associations, nonprofits and other private-sector organizations around the globe.

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Elizabeth Wall, President, Elizabeth Wall Partners International LLC

1. Be proactive - don't wait for the axe to fall

  • Ascertain the facts -timing, likely severance package details, etc. as early as possible
  • Discuss potential options with your employer - part-time, fixed term/fixed price contract work, a temporary cut in pay etc
  • Consult your CPA or personal attorney before negotiating a severance deal: consider paid-for outsourcing support, certain severance benefits to be commuted into cash or "purchase" of extra/extended benefits from cash payment
  • Arrange testimonials and job references from bosses before leaving the company

2. Faced with job loss? Don't panic, a cool head is needed to make the best of the situation

  • Job loss is a shock to the system, make allowances
  • Claim your unemployment entitlements - you paid for them!
  • Forget embarrassment - you're a member of big club with some impressive members
  • Be honest about losing your job with yourself, family and friend; get their support
  • Take professional advice on sorting out your affairs

3. Clear the decks for your new job search

  • List postponed projects/commitments, movies/shows missed, books unread; make a pragmatic schedule to catch up
  • Refresh all contacts - ˜reintroduce' yourself to people you have neglected

4. Job-hunting may be the hardest job you ever do!

  • Develop a detailed plan of action as you would a complex work project
  • Find a coach, or better still, a mentor or two
  • Project a positive demeanor and smart image, firm-up your handshake and smile a lot!
  • Network your socks off
  • Explore all avenues and alternatives, think laterally about new opportunities, don't wallow in negativity, remain determinedly positive but realistic

5. Be kind to yourself:

  • Socialize with positive people Award yourself treats when your spirits flag
  • Whatever your "vices" remember - moderation in all things, even chocolate!
  • When you feel fed up, roll up your sleeves and tackle those tasks which never seem to get done - clear the yard, declutter the closets, donate those "treasures" in the loft and bask in the satisfaction of a job well done with a favorite movie or a good book

6. Pep up your body and soul maintenance

7. Take a sabbatical, finances permitting, for travel, voluntary service or taking a course in cookery, a foreign language, yoga etc

8. Reach out to other similarly placed individuals; compare notes, share tips and reciprocate with referrals

9. Thank and acknowledge everyone who helps you, by return, preferably with a handwritten note

10. Watch out for our "10 Top Tips for Maximizing the Value of your Time in Transition" in the ACC Docket!

Region: United States
The information in any resource collected in this virtual library should not be construed as legal advice or legal opinion on specific facts and should not be considered representative of the views of its authors, its sponsors, and/or ACC. These resources are not intended as a definitive statement on the subject addressed. Rather, they are intended to serve as a tool providing practical advice and references for the busy in-house practitioner and other readers.

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