Unemployment causes over 40,000 suicides a year worldwide, a study says. As time passes by, anxiety creeps up, fear multiplies, depression erupts, tears flood, and suicidal feelings begin to materialise sooner or later. While unemployment takes a toll on your emotional health, its dreadful paws sweep over your budget. Seeing savings shrinking, every moment seems to be worse than a nightmare.
A fierce competition, employers’ threats to layoff and low wages are some popular examples making arduous for people to stick to a job for a longer period. Whether you step down or your employer lays you off, the unemployment phase is more often than not very painful although it is fleeting. Tackling unemployment stress is not as easy as falling off a log. It is not like following a few tips to get rid of the burden.
From the first day of your job loss, you set job hunt in motion. While you have a pressure of finding as good job as possible, you have the burden of figuring out how you would manage your finances. Despite having an emergency cushion, you are likely to be in a tighter and tighter corner as you have no idea of when you are going to land a new job. Dipping into your savings account will help you tide over for a couple of days, but you will feel broke eventually.
Some people rely on 100% guaranteed loans for unemployed, but direct lenders provide these loans when you have a source of income to prove your repayment capacity like a part-time job or side gig. Here are some tips to fend off unemployment stress.
Improve your skills
The sooner you start the job hunt, the better it is. It requires energy, courage and time. When your account is in the red, it becomes more essential. Take out a few hours in updating your resume and putting in your applications. Be productive throughout the day. Try to enrol in a course to hone your skills. Adding it in your resume will help you find a job quickly.
Make a schedule
As you do not have a full-time job, it does not mean that you cannot have a schedule. Get up early, go for a walk or meditate. A fresh beginning of the day is very important to have a light and relaxing mood. Set particular hours for job hunt, learning, entertainment and sleeping hours. The more productive you stay, the less stressful you will feel. Try to stick to your schedule for a good physical and mental health.
Build you network
This is the best time to build your network. Use social media sites to know about companies, employers and recruiters who are looking for candidates in your field. Join forums, participate in conversation and comment on blogs and posts to stay active. Ask your friends and ex-colleagues if they have any references. Apply to jobs as much as possible leaving room for rejection. You should spend a couple of hours in network building. You are unlikely to get advantage of it immediately, but it will surely help you along the lines.
Many companies run workshops and invite a large number of people. This is the best way to make the most of your day. Not only does it help you stay away from stress, but also helps broaden the horizon of your knowledge. You will get to explore various companies and positions. You will understand what kind of skills employers are mainly looking for. Some workshops exclusively focus on the unemployed – how to land a dream job quickly. You will get a few innovative ways to get it done.
The bottom line
As long as you are unemployed, the stress will hit your mind on and off. However, you can stay out of it if you stick to a productive schedule. You should make rigorous job hunting, make a schedule for your day, improve skills for career advancement, build a network and attend career-oriented seminars. Since there is no such thing like job security, you should try to grab a side gig. It helps in case of unemployment. With additional source of income, you will be able to get a loan at competitive interest rates.