How to Weather Energy Sector Layoffs

In this month’s blog we provide several articles on how the survive the cut/weather layoffs/helpful tips should you be laid off. These notable and timely articles include:

Surviving the Cut: Advice from 3 Veteran Oilpros.

The main points of this article:
1. Demonstrate that you are someone worth keeping.
2. Don’t panic as this is not the first and certainly not the last time we will see large swings in the price of oil.
3. If you gave 110% when it didn’t matter, you have a better chance now that it does.
4. The offshore arena – the support infrastructure (engineering, procurement, construction, installation) – is often able to weather the downturns, even though the revenue streams are reduced.
5. Adding value now definitely can contribute to cost reduction and separates the partners who will be there for the long run.

unemployed

Surviving the Cut: Advice from 3 Veteran Oilpros was written by Bruce Crager, EVP at Endeavor Management, Skipper Strong, 40 year Consultant for Marine and Offshore Construction, and Steve Swanstrom, National Sales Manager at Suluforce RLP.

 

 Ready, Steady, Fired! How to keep your job regardless of the oil price

If you want to secure your future and income, and remain in the O&G space follow these three steps:
1. Live below your means: Inevitably at one point in your career you may become a victim of a mass layoff, regardless of performance. The key is staying lean, having an emergency fund and liquidity to keep you afloat for six months.
2. Know your enemies: If you don’t know who your competition is, and who’s in charge of hiring people like you, or if you don’t know your counterparts at other companies, you are doing something wrong. Focus on your networking with people in your discipline, and stay in touch.
3. Become an expert: Regardless of your discipline, there are many ways to improve your knowledge base. Every employer wants people to bring solutions, not just do their job.

tight rope

 

Ready, Steady, Fired! How to keep your job regardless of the oil price was written by Dan Henderson and energy entrepreneur who is passionate about people, purpose and giving back.

 Five steps to help turn bad news into an opportunity when faced with a layoff

The main points of this article:
1. Take and inventory of all your past and present talents and make note of any future ones you hope to acquire.
2. Review your resume to see if you need to add any additional training, certifications or skills since you last updated it.
3. Review expiration dates of any certifications, and renew any getting ready to expire.
4. Determine if there are continuing education courses or OQ’s that can be taken during your down time to further advance your career.
5. Consider for applying for a position a step or two up the ladder, assuming you now have more experience in your profession.

resume
Five steps to help turn bad news into an opportunity when faced with a layoff was written by Bran Silva, President of Platte River Inspection and Rikki Lin Smith, Owner of Oilfield Jobs.

 What a Layoff Mess & How I’m Avoiding the Layoff Rut

The main points of this article:
1. Sign that settlement agreement (severance pay) if you received one and don’t wait. Most, if not all, have an expiration date.
2. Sign up for unemployment immediately, even if you don’t have to use it. There is a waiting period and sometimes, the process is delayed.
3. If you still have insurance until the end of the month, go see all the doctors you can because it is going to be expensive without it.
4. Explain to your children how things have changed and what to expect from you and what you expect from them.
5. Try to preserve your savings and not use your credit cards – this is the most challenging endeavor. It’s easy to give in and keep living the lifestyle you can no longer afford.
6. Use social media and job searching sites as much as possible. Don’t forget to network with people you already know and reach out to former colleagues to see if they know of open job opportunities.
7. Don’t be afraid to step out of your comfort zone and apply for jobs you think you may not qualify for. It doesn’t hurt to apply and they may have another position that is a better fit.

pink slip

What a Layoff Mess & How I’m Avoiding the Layoff Rut was written by Shirley Fuller who is currently in the job market seeking a Procurement Specialist or Buyer position.

8 Must Do’s on Layoff Day

The main points of this article:
1. Don’t panic or show your weakness.
2. Leave with a smile, and YES say thanks.
3. Don’t ask yourself why?
4. Don’t ask yourself why not?
5. Maintain established friendships.
6. Make job searching your 9 to 5.
7. Save money, Sleep happy!
8. You never know, a layoff may work out for the best.

 

happy faces

8 Must Dos on Layoff Day was written by Maisam Otoum who is an Analysis Geophysicist at MicroSeismic, Inc.

By | 2016-11-17T03:42:01+00:00 April 24th, 2015|Top News|0 Comments

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