With seemingly constant news stories about layoffs, many are starting to wonder what they would do if they found themselves suddenly out of work and looking for their next compliance position.

There are several ways to make the process go smoother, explains Brittney McDonough, partner at the recruiting firm BarkerGilmore. That starts with making the right decision of how much time to take off after a layoff.

Many people, not surprisingly, are tempted to use their severance package to take a much-needed respite from work. Be careful, though, she advises. A job search can take three to six months, so taking six months off could lead to a year out of work.

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