Managing Financial Wellness During Employment Transitions
As Pixelle workers leave their employment, a common theme we’ve heard is that many don’t even know where to start when it comes to looking for work. That story reflects what many Ohioans are experiencing as our economy continues to evolve. While job loss is undoubtedly challenging, our community has resources to help you navigate this transition with your financial health intact.
First Steps After Job Loss
When you receive notice of job loss, time is of the essence. File for unemployment benefits immediately through Ohio Department of Job and Family Services (ODJFS). Ohio's current maximum weekly benefit is $498 plus dependents' allowances. Remember that Ohio requires a one-week waiting period, so the sooner you apply, the faster benefits begin.
Next, contact OhioMeansJobs Ross County at our comprehensive center on East Main Street or at our Workforce Hub. Their team can help you access additional financial support programs including:
Ohio's Rapid Response services for displaced workers
Short-term emergency assistance programs
Training grants through the Workforce Innovation and Opportunity Act
Creating Your Financial Survival Plan
Begin by conducting a complete financial inventory:
Assess cash reserves: Determine how long your savings can sustain essential expenses.
Prioritize obligations: Housing, utilities, food, and transportation come first.
Contact creditors proactively: Many Ohio banks and credit unions offer hardship programs for customers experiencing job loss. Don't wait until you've missed payments.
Evaluate insurance options: If you've lost employer coverage, explore COBRA continuation or marketplace options through Healthcare.gov. The Affordable Care Act provides special enrollment periods for those who lose job-based coverage.
Local Resources That Can Help
In Ross County, we believe in supporting our neighbors through difficult transitions. Consider these community resources:
Ross County Community Action offers utility assistance programs
Good Samaritan Food Network provides emergency food assistance
United Way of Ross County offers emergency financial assistance and referrals
Looking Forward: Financial Recovery
While managing day-to-day finances is critical, don't lose sight of your long-term financial health. If you have retirement savings from your previous employer, consider your options carefully before making withdrawals that could trigger penalties and taxes. SVF partners with financial advisors who offer complimentary consultations for displaced workers.
Remember that employment transitions, while challenging, often lead to unexpected opportunities. We've seen countless Ross County residents discover new career paths, develop entrepreneurial ventures, or find positions that better utilize their talents.
At Scioto Valley Forward, we're committed to connecting you with resources that support both your immediate financial needs and long-term success. Reach out to our office or visit the Scioto Valley Forward website for additional resources, upcoming job fairs, and training opportunities.
When one door closes, our community stands ready to help you find—and open—the next one.