Final answer:
To prepare for the possibility of unemployment, your friend should keep an eye out for better opportunities, build a "nest egg," and apply for unemployment compensation.
Step-by-step explanation:
When facing the possibility of unemployment, it is important to be prepared. Here are three pieces of advice for your friend:
- Keep an eye out for better opportunities: It is always a good idea to explore other job prospects while still employed, just in case. Networking, updating her resume, and attending career fairs can help her connect with potential employers.
- Build a "nest egg": Saving money is essential in case of unemployment. Encourage your friend to set aside a portion of her income each month to create a financial cushion that can support her and her family during a period of unemployment.
- Apply for unemployment compensation: If your friend does become unemployed, it is important to apply for unemployment benefits as soon as possible. This can provide a temporary source of income while she searches for a new job. The process and eligibility requirements vary by location, so it's important for her to research and understand the specific guidelines in her area.
By taking these steps, your friend can be better prepared for the possibility of unemployment and minimize the impact it might have on her family.
The Question is incomplete. The complete question is
Your friend talks to you about how the company she works for is having a terrible year. She's terrified of getting laid off and the impact it would have on her family. What advice would you give her to prepare for the possibility of unemployment? Select all that apply.
Your friend should
a) keep an eye out for better opportunities while she is employed.
b) build a "nest egg" in case she becomes unemployed.
c) apply for unemployment compensation now.