Turn Your Job Loss Into a New Opportunity

 

November 2008


Unfortunately, the current state of our world economy has left thousands of people without a job. If you are one of these people, you may be surprised to learn that you can actually turn this terrible experience around and improve your financial future. While losing your job is certainly a frightening and overwhelming experience, using this time to explore new opportunities may be just the change you were looking for.

Before you lost your job, were you feeling as if you were stuck in a rut with a job that was going nowhere? Did you dread every day that you had to go to work? Did you feel as if your skills weren’t being used to there fullest or as if you weren’t accomplishing anything at the end of each workweek? If any of this sounds familiar to you, losing your job may have been just the kick-start you needed to make a change.

Improving Your Knowledge and Skills

If you were happy with the field in which you were working, but felt as if you needed to be moving in a slightly different direction, you might want to consider taking this time off to improve your knowledge level or to gain a few new skills that will be beneficial when you rejoin the workforce. By learning a few new skills or by advancing your educational level, you will be more marketable when the economy improves and you will be putting yourself in the position to achieve a higher paying position within your chosen field. By combining the years of experience you already have with your newly learned skills, you will put yourself well ahead of the competition when searching for a new job.

Making a Career Change

If you weren’t happy in the field in which you were working, losing your job may be the perfect opportunity to explore a career that is more meaningful to you. Too often, it is easy to get stuck in a unsatisfying job simply because it is easier to show up to work every day than to explore other options. If you have lost your job, however, it just might be a sign that it is time for you to look in a different direction.

So, if you are one of the unfortunate individuals who has lost your job because of the troubled economy, try looking at it as an opportunity rather than a setback. Seize the opportunity and hone your skills or pursue a new career - it just might just turn out to be the best thing that every happened to you!

Spotlight: Consider Getting a Degree in Management Degree - Get a Degree in Management

Education and Training
A management degree may be earned in a number of specific fields, such as educational management or hospital management. Those interested in earning a general management degree, however, are usually most interested in obtaining a position within the business sector or in an administrative capacity. Therefore, coursework commonly required in order to earn a management degree include computer applications, business mathematics, office technology, human resources, accounting, and business law.

Employment Opportunities

Earning a management degree makes it possible to pursue a management position in nearly every field. On the other hand, if you are interested in pursuing a management position within a certain field, it is advantageous to take additional coursework that compliments that field. Some common management positions that may be pursued after earning a management degree include:

• Manager of personal property acquisition and disposal
• Manager of unclaimed property
• Administrative services manager

A manger of personal property acquisitions and disposal will be involved in the purchasing and selling of goods. As such, it is necessary to have knowledge about equipment, supplies, and machinery. A manager of unclaimed property, on the other hand, oversees insurance claims and records management.

An administrative services manager is responsible for performing a number of duties. They may coordinate and oversee the support services of a business or organization. Or, they may manage various departments and personnel, such as payroll, reception, conference planning, and administration.

Employment of administrative services managers
is projected to grow about as fast as the average for all occupations through 2014. Like persons seeking other managerial positions, applicants will face keen competition because there will be more competent, experienced workers seeking jobs than there will be positions available. However, demand should be strong for facility managers because businesses increasingly are realizing the importance of maintaining, securing, and efficiently operating their facilities, which are very large investments for most organizations. Administrative services managers employed in management services and management consulting also should be in demand, as public and private organizations continue to streamline and, in some cases, contract out administrative services functions in an effort to cut costs.

Earnings of administrative services managers vary greatly depending on the employer, the specialty, and the geographic area. In general, however, median annual earnings of administrative services managers in May 2004 were $60,290. The middle 50 percent earned between $42,680 and $83,510. The lowest 10 percent earned less than $31,120, and the highest 10 percent earned more than $110,270. Median annual earnings in the industries employing the largest numbers of these managers in May 2004 were:

• Management of companies and enterprises = $71,870
• Elementary and secondary schools = 65,850
• Colleges, universities, and professional schools = 61,020
• Local government = 59,380
• State government = 55,500

In the Federal Government, industrial specialists in nonsupervisory, supervisory, and managerial positions averaged $69,802 a year in 2005. Corresponding averages were $69,211 for facility operations services managers, $67,185 for industrial property managers, $63,614 for property disposal specialists, $67,855 for administrative officers, and $60,370 for support services administrators.