Job loss is apparent today because of the financial crisis the world is experiencing. Laid off employees are having difficulty coping with their daily expenses. Many are worried as how to pay the rent and the mortgage. Those who are still working are no longer comfortable because they fear that any time soon they too could lose their job.
No one can really identify the extent of the effect of job loss. There are those who were prepared because they have saved enough, while others are not as lucky. Most do not have enough savings to last for long.
This affects the individual, his family, and the people around him.
The experience does not only affect the person financially, this affects him emotionally as well. When you lose your job, the initial feeling is rejection. You tend to question why among the employees your employer chose to let you go. Accepting the fact is also difficult especially to those who worked with the organization for several years.
A parent recently lost her job after working for her employer for ten years. Although she has savings, the experience has torn her as an individual. She hates the administration for allowing this to happen and she hates her employer for laying her off after serving the company for a decade. She and the other laid off employees do not deserve it, but still it happened.
Job loss can also cause frustration. The individual will feel its effects almost immediately. He knows that he can no longer buy the things he wants. He has to be specific with the items he needs. In addition, he has to find a job, fast. Finding a job today is very difficult because of the increasing number of laid off employees. The competition is tougher and the opportunities are slimmer.
Unfortunately, job loss does not only affect the individual. His family will feel its effects as well. Some lost their home because they could no longer afford the mortgage.
A single mother who is raising two children fears that she will lose her job anytime soon. She does not have savings because her monthly earnings is just enough for their expenses. She worries about what will happen if she loses her job. Where will she get money to feed the children? How will she pay the rent? How soon will she be able to find a new job?
The effect is not limited to the family alone. It also affects the people in the community. How many head of the families lost their jobs? If this continues, their purchasing power will weaken. This leads to fewer purchases and lesser income generated by businesses.
This also affects the behavior of the people. Small things irritate them and can cause them to clash with other individuals. It changes the way they mingle with people and creates gap between existing relationships.
Job loss definitely affects everyone in the community. It changes the person, his family, and his relationship with the neighborhood. It will take time before those who lost their jobs can recover from the experience both financially and emotionally.
Job loss has affected several lives. Individuals' views and opinions changed. The lifestyle of their family also changes. Moreover, there relationship with the rest of the community also changes. Read another article on Career opportunities.
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