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Displaced Pharma Rep? You've Been Handed an Opportunity

If you’re a pharmaceutical sales representative, the industry news over the past few weeks probably has you concerned about your job security, if you haven’t already been a victim of the latest round of layoffs. The rumor mill has been churning, and no one knows for sure what is fact and what is fiction.
Last week, Pfizer bought Wyeth Pharmaceuticals for $68 billion. News reports said the company will be laying off 21,000 employees, although rumors have circulated that place that figure closer to 60% of the sales force. Employees of the company won’t know where their job status stands for several months, leaving many wondering how they will support their families in this difficult economy.

The prospect of finding new employment seems daunting, with the number of already displaced reps in the industry, and the general unemployment rate in the country at the highest in years. You might be determined to leave the industry, after having faced the prospect of a layoff too many times in the past few years. You also might be wondering what steps to take next.

Have you been in the pharmaceutical sales industry for so long, that you’re not sure what your transferrable skills are? You might be wondering what it is that you really want to be when you grow up. Many reps obtained college degrees in a field completely unrelated to sales and marketing, but ended up in this volatile industry due to the financial rewards it could bring. After years in the industry, it’s the only thing you feel like you know. You wonder if your skills will transfer to another industry, or if there will be opportunities for you in a different field.

No one enjoys facing the fact that they may not have a job in six months. You can choose not to let it get you down, and make the most of an unfortunate circumstance. You can turn this difficult situation into a great opportunity. If you look at the situation objectively, you’ll realize that if you end up being part of the group on the chopping block, you will most likely be awarded a pretty nice severance package that includes your salary for the next three to six months. That is a great opportunity to do some soul searching and rediscover what you’re really passionate about.

If you’re working for a company that is facing a layoff, or is part of a merger, you are probably wondering whether you’ll still have your job in a few months. Rather than sit back and wait, start thinking about your Plan B. What will you do if you are one of the ones to be let go? What would you do if you could do anything you wanted? What would you do with your life if money was not a consideration? How could you spin that into something more profitable?
Now is the time to start creating your own future. Even if you manage to keep your job, you may decide that you don’t want to be faced with the prospect of losing your job year after year. This may be just the motivation that you needed to move into the next phase of your own life.

Source : Articlestoreprint.com

rating: 0.00 from 0 votes | updated on: 9 Feb 2009 | views: 3091 |

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