I'm worried about my job
STEP 3: Plan for the future
When the economy picks up again, you may get your old hours back (if you’ve been asked to cut back). But other changes may be permanent. That means you may have to look for different ways to increase your income and new ways to organise your finances.
Reinvent your career
Just because unemployment is higher than it has been for some time doesn’t mean you shouldn’t look for a new job or pick up new skills. Do some research to find out how you can gain skills 
that will increase your chances of finding a better job. Look at opportunities such as training and study, work experience, volunteering and community work.
Think outside the square. For example, Australian apprenticeships are open to anyone of working age and don’t require entry qualifications. You don’t have to be a school leaver. Opportunities are available if you are re-entering the workforce or want to change careers.
There are many other vocational education and training opportunities to help you upgrade your skills or retrain for a new job.
If you think you have business skills and a viable idea for a new business, there are government programs and resources available that can help.
Get specialist help
If you belong to an industry sector that has been hard hit by the global downturn, specialist help may be available.
For example, there is an Automotive Industry Structural Adjustment Program (AISAP) to support workers made redundant from the automotive manufacturing industry after 1 November 2008.
Individual unions are also offering careers support for people affected by the recession. The Finance Sector Union , for example, has a special careers support service to help members secure new jobs including career information services, resume services, discount education courses and online job search.
Keep your finances under control
Review your budget and think about ways to further strengthen your financial position.
Use a budget planner to make sure you’re continuing to live within your means.
Plan for your financial future
Think about your longer-term financial needs and objectives.
Gather as much independent information as you can to make informed long-term financial decisions. Start with a free copy of our booklet Your Money.
FIDO Website: Printed 09/03/2010
