Situation Overview : You own a small home in the suburbs with a $1,500 monthly mortgage.
Situation Overview You own a small home in the suburbs with a $1,500 monthly mortgage. You and your companion have two children enrolled in the local school. You own two cars, both with monthly payments totally $700. You are in a career position at a good company. You work in a middle level position without supervisory responsibilities except for the projects where you are the leader. When you arrive at work on a Monday, your manager asks to speak with you. You go into his office where you see a representative from HR as well. During the brief meeting you are told that you are being laid off. Your performance has been excellent and the company will provide you a recommendation, but they need to down-size, and your job is being deleted. You will be given a small $10,000 departure bonus because you have been such a good employee. You had no idea that this would happen. You are immediately escorted from the building with your belongings, and as you head home to discuss plans with your companion, you are scared about your future. The Problem to Solve: Roll the situation back two years prior to this happening to you and your family. How do you to be ready for yourself, your career, and your family for such an event? The problem is not what do you do when you get laid off, but how do you prepare for that eventuality. What steps would you take to ensure that this situation causes you the least harm? Identify all the stakeholders who would be impacted by this event and what their stake is in your job. What resources would you have ready to assist you during this time? Consider and address the entire scope of the problem from the emotional stresses to the financial strains. Develop a plan of action for this situation and assess the risks and probabilities of each risk in your plan. Summarize by explaining why having such a plan of action is important and how you maintain that plan.
1. DEFINITION SECTION • Problem definition (State the problem and the entire scope and responsibility of your plan) • Planning objectives (what will be achieved and measured) • Stakeholders (who are the people, including yourself, who have a stake in your plan and what their stake is) • Methods (how the plan will be created and maintained, including the media used)
2. PLAN SECTION • Your plan of action to prepare for the loss of a career job i. List the areas your plan covers from personal to financial ii. List of steps for each area, list steps you will take to prepare for such an event iii. List of resources used in your plan and how your will acquire these • Duration (how long will the plan be for) • Measures (how will you evaluate your plan’s readiness and coverage)
3. SUMMARY SECTION Summarize by explaining why having such a plan of action is important and how you maintain that plan
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