Project Management

Retrain For A New Career When Faced With A Company Lay Off Or Severance Package

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Executive Summary

Going back to school may be necessary when faced with a job loss, particularly if working in an industry with little prospects of securing a new job. While many companies are laying-off workers, they also include educational benefits as part of severance packages. If your employer does not offer such a benefit, fear not, as there are other ways to retrain for a new career. Before deciding on any career, research jobs in your area to find "Hot jobs" with numerous openings. Focus on industries offering competitive pay or a higher salary than your previous job. Be realistic in your goals though: to go from a mailroom employee to company CEO will require many years of education and hard work.

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