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7 Steps to Take When You've Been Laid Off
The economy has been shedding jobs at an accelerated rate, forcing many workers to be the bearers of bad news when telling their families they've been laid off. A lot of people haven't dealt with a layoff before and feel panicked entering new territory. Start the slideshow to see seven steps that will help you gain control after losing your job.
6 Things About COBRA Under the New Stimulus
As if having to search for a new job after a layoff isn't enough stress, jobless workers must consider how they'll get health care coverage without their old employers' plans. COBRA, short for the Consolidated Omnibus Budget Reconciliation Act passed by Congress in 1986, requires most group health care plans to provide a temporary continuation of coverage that an employee would typically lose after termination.
The downside to COBRA has been cost, but the American Recovery and Reinvestment Act of 2009 calls for a 65 percent subsidy toward group health insurance premiums for laid-off employees.
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Five Things to Take With You When You've Been Laid Off
The economy shed 159,000 jobs in September, which is the most in a one-month period since 2003. Layoffs are becoming a real possibility, and whether or not you think you're likely to go first it's important to consider what would happen if the next pink slip is pointed at you. The news of job loss may shake you up, so workplace guru Liz Ryan reminds us of five things to remember when a pink slip has been served.
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