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how employees can be prepared for a loss of their jobs

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Employees are often caught unprepared for the day when they receive their layoff notice.

What advice would you give to employees so that they are prepared in the event that their manager arrives in the office and says, "I'm sorry, but we're going to have to let you go today." Present at least three ideas for how employees can be prepared for a loss of their jobs.

What assistance should employers be expected to provide to terminated employees? Present at least three ideas for assistance that employers should provide to their laid off employees.

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Solution Summary

Employees are often caught unprepared for the day when they receive their layoff notice.

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Three ideas to be prepared for loss of their jobs:

First of all, one should always keep some savings in liquid assets such as cash or cash equivalent in hand to support himself and the family during the lay off period or in other words, during the unemployment period between lay off and next job. Savings and cash in hand will allow an individual to look for another job peacefully.

Further, one should always look out for potential job opportunities and be connected to the job market, even if ...

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