What do you do if you're laid off in Payment Systems?
Losing your job in the payment systems sector can be a challenging experience, but it's important to stay proactive and strategize your next steps. Payment systems encompass the methods and technologies used to transfer money between individuals and businesses, including credit card processing, electronic funds transfers, and online payment gateways. If you've been laid off, it's crucial to understand your financial landscape, update your skill set, and explore new opportunities within this dynamic field.
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Priyanka Pargaien|| Human Resources Recruiter @Denken solutions || Recruitment Expertise 🏆 23× LinkedIn Top Voice || Hiring for…
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Mohamed AbdallahB2B Marketing Expert | Fintech Trends Enthusiast | E-Payments Expert | B2B Content Creator and Brand Builder | Brand…
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Adel MubarakTop LinkedIn Voice | Technology Evangelist | Growth Strategist | Pianist | Swimmer
Immediately after a layoff, take stock of your financial situation. Evaluate your savings, consider any severance pay, and look into unemployment benefits. Creating a budget for the upcoming months can help you manage expenses while you search for a new job. Remember, this is a temporary setback, and with careful planning, you can navigate through this period without compromising your financial stability.
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Priyanka Pargaien
|| Human Resources Recruiter @Denken solutions || Recruitment Expertise 🏆 23× LinkedIn Top Voice || Hiring for healthcare recruiter , Java full stack , MERN stack developer
If you're laid off in Payment Systems, update your resume and LinkedIn profile to highlight your relevant experience. Reach out to your professional network for leads and recommendations. Consider seeking job opportunities in related fields. Stay positive and proactive in your job search, and take advantage of any available career resources.
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Mohamed Abdallah
B2B Marketing Expert | Fintech Trends Enthusiast | E-Payments Expert | B2B Content Creator and Brand Builder | Brand Communication | Communications Strategist & Consultant.
Seek clarification from your employer about the reasons for the layoff and any available resources or support they can provide.
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Adel Mubarak
Top LinkedIn Voice | Technology Evangelist | Growth Strategist | Pianist | Swimmer
Here are some tips if you're laid off !! follow these steps to manage your equilibrium: Manage your finances: Be strategic with your money, prioritizing essential expenses and paying bills strategically to limit damage to your finances. Update your resume and network: Keep your resume updated and customizable for various job opportunities. Activate your network and add to your skill set to increase your chances of finding a new job. Take care of your mental health: Maintain a routine, engage in stress-relieving activities, and seek support from friends, family, or professionals as needed.
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Mohamed Abdallah
B2B Marketing Expert | Fintech Trends Enthusiast | E-Payments Expert | B2B Content Creator and Brand Builder | Brand Communication | Communications Strategist & Consultant.
It's normal to feel shock, disappointment, or uncertainty during this time. Lean on your support network of friends, family, or colleagues for emotional support.
Your resume is your first impression on potential employers. Make sure it's up-to-date, highlighting your experience in payment systems, such as knowledge of Payment Card Industry Data Security Standard (PCI DSS) compliance or expertise in blockchain technology for payments. Tailor your resume to reflect the skills most sought after in the industry, and don't forget to polish your LinkedIn profile as well.
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imane HOSNI
Software Engineer Lead | PSM1 | PSPO 1 | Chief Happiness Officer | Connected Manager | GreenIT referent
It is so important to take time to do it as soon as you finish a mission or finish an Epic ( on Jira project for instance) I think that the best is to update it 2 times per year. Even if you don't search for a job, it is like an introspective that will lead you maybe to revise your certification, here are some questions that i did when i did updated to my resume : - ok I have this certification, I'm I at the same level of understanding as I was when I passed it ? this certification is valid or should I ask for renewal? + Add a section on professional experience based on what I did in the last half-year. + sometimes i "delete" some skills or services, as i know that i will never took the theme in charge.
Networking is key in the job search process, especially in specialized fields like payment systems. Reach out to former colleagues, join industry groups, and attend virtual webinars or conferences. These connections can provide insights into job openings and trends in the payment industry. Networking may also lead to opportunities for freelance or consulting work, which can be a valuable stopgap.
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Punneet Nagpal
Card Payments & Information Security Consulting (Commercial, Strategy, Operations, FX) | Business Advisor & Coach | Entrepreneur
Leverage your professional network. Reach out to former colleagues, industry professionals, and recruiters to inform them about your job search and explore potential opportunities. Utilize online platforms like LinkedIn to connect with others in the payments industry. Start writing insightful posts about specific problem resolutions in the payments industry to enhance your credibility. Gradually, as your credibility increases, so do your chances of getting hired...
Consider this time as an opportunity to enhance your skills or gain new certifications. Look for courses on emerging payment technologies or regulations in the financial sector. Certifications such as Certified Payments Professional (CPP) can increase your employability and demonstrate your commitment to staying current in the field.
Think outside the box and explore roles in related areas where your skills are transferable. For instance, cybersecurity is integral to payment systems, and your knowledge of secure payment processes could be an asset. Alternatively, fintech startups often seek experienced professionals who understand the nuances of digital transactions.
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Punneet Nagpal
Card Payments & Information Security Consulting (Commercial, Strategy, Operations, FX) | Business Advisor & Coach | Entrepreneur
Don't limit yourself to the exact same role you had before. Explore different specializations within payment systems like fraud prevention, risk management, cybersecurity, or emerging areas like blockchain technology or open banking. Consider opportunities outside of payment systems if you're open to a career change. Your existing skills in areas like data analysis, project management, or communication might be transferable to other industries. Look for temporary contract or freelance work in the payment systems industry. This can help you bridge the gap while you search for a permanent position and keep your skills sharp.
Maintaining a positive outlook is essential during this transitional phase. Layoffs are often beyond your control, but how you respond to them can make all the difference. Stay focused on your goals, keep your morale high, and remember that every setback is an opportunity to come back stronger.
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