Thread regarding Wells Fargo & Co. layoffs

Handling Gap in Employment

Some of will be impacted by layoffs during covid and given the tepid job market, may end up with a sizable gap in employment. Anyone experience this in the careers? How do you mind the gap? What do you do to fill it while looking for employment? Do future employers hold it against you. Would like to hear people’s thoughts. Thanks

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| 1872 views | | 15 replies (last October 5, 2020) | Reply
Post ID: @OP+17fFC1Ce

15 replies (most recent on top)

@1kej+17fFC1Ce

What the heck do you think happens in a background check?

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Post ID: @2vye+17fFC1Ce

I was tasked with performing a forensic (IT) investigation a few years ago for another company. Three of my friends were implicated and were terminated for inappropriate use of company email. The whole thing was a witch hunt because the CEO wanted them gone and they were minorities. Others were implicated as well, but only these three were terminated for cause. The strongest of the three and one of his subordinates were interviewing for the same job. He asked me what I should tell them when they ask why he no longer worked for the other company. I told him to be honest and use it as an expensive learning experience. I told the other person the same thing, and told them they were welcome to use me as a personal reference. The strongest candidate lied. The second one didn't. Guess who got the job?

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Post ID: @2vxf+17fFC1Ce

Again, please do not lie on your resume or about your GAP year.

@1kej has no idea what they're talking about.

Employers most certainly do verify past employment, at least the last employer, failing to do so and then having an incident such as workplace violence would be a problem for them.

They even verify education.

Never lie to an employer at any time about anything important.

And never get advice from rando's on annonymous website without verifying it first.

Man, we're supposed to be supporting each other here.

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Post ID: @2wai+17fFC1Ce

Your resume is a MARKETING/ADVERTISING TOOL. It is not an official proclamation of employment history. The official job app you fill out is where you have to be 100% factual. Note the word factual. If you are terminated in January but are put on Garden Leave until March, you technically are still employed by Wells Fargo, or whatever the employer, until the last day of your Garden Leave.

Very few, if any employers take the time to very employment history and stated job titles by using companies as Kroll. It is expensive and time consuming. And, honestly, it does not matter in many cases.

As people have experienced here, having a toxic lifer manager is not out of the ordinary.

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Post ID: @1kej+17fFC1Ce

I had a strong resume with no gaps up until 2017 and 2019 when I lost two jobs prior to Covid. I still landed a job.

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Post ID: @1bpc+17fFC1Ce

Please don't listen to @1tnk and lie on your resume or in an interview.

The bank has staff and checks these things.

It's okay to have a GAP, I had a one year GAP prior to coming to Wells because we moved across country, it wasn't an issue, because my resume was strong.

And if anyone questions a GAP on your resume during COVID you don't want to work there anyway.

Good luck to everyone and stay safe.

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Post ID: @1qgq+17fFC1Ce

My rating has been 4, but I'm not feeling very good about where our company is at. I started networking with head hunters and floating my resume around. I had a couple of companies say that they are on hold for new hires, but they still wanted to have a meeting. If I'm playing my cards correctly, I hope to wait out my exit package and then be close to a new job soon after. Don't wait to look around until you are displaced, this is the time to start job shopping.

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Post ID: @1bkj+17fFC1Ce

there is no need to tell anyone anything. Your resume is a MARKETING tool and is not anything official. Simply state on your resume that you still work for the bank. In any official job application list your actual employment dates.

During interviews, you still tell them you are employed but are looking for new opportunities because of upcoming changes to their location strategy and you may be impacted.

Depends on the severance agreement. If they put people on garden leave throughout the severance period you are still technically employed by the bank.

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Post ID: @1tnk+17fFC1Ce

If really does depend on circumstances. A pandemic is certainly an understandable gap. The one thing you never want to do is lie. Employers understand, at least they should, is that the economy changes and also that even if you were outright fired, not every place is a match. If there's anything you can do in the meantime like consulting while in between opportunities, do so and put it down, but whatever you do, do not lie and be as open and honest. It goes to character and anyone with a 2nd grade education will find out the truth in your background check.

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Post ID: @1atc+17fFC1Ce

One of our best dba’s was laid off a couple years ago. He had a job lined up even before he started collecting the severance money - from someone who left the bank and knew his skillet. If you’re good you can still get laid off, build your network so you can land upright quickly.

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Post ID: @1rcq+17fFC1Ce

@ain, I can't believe you all would believe something like that. Layoffs can happen to the best workers.
Wow. How closed minded.

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Post ID: @1gua+17fFC1Ce

Any gap time right now can be explained by one word. COVID. Polish up the resume and brush up or add to your skill set. It’s all any of us can do. My biggest concern now is that my age 50+ will make things more challenging out there, but we shall see.

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Post ID: @1szu+17fFC1Ce

Start some sort of freelance/ contracting business and put up a website. Doesn’t matter if you make any money or not, just that you can say you were a business owner.

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Post ID: @1lpz+17fFC1Ce

Thank you. What kind of business? Always interested in other’s ideas and success.

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Post ID: @lwe+17fFC1Ce

Take some training to show you're thinking about your career and taking advantage of the off time.

Volunteer for some charity work, but be safe doing that. If you juggle numbers at Wells, some food bank or something similar may need some accounting help, stuff like that.

I'm going to give my own business a shot. Did it before and learned a lot.

Stay in touch with some peers, past and present, a good network will get you hired faster than most other options.

Stay safe and good luck.

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Post ID: @igi+17fFC1Ce

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