Pink Slip Party

AAA

DEFINITION of 'Pink Slip Party'

A party that brings together professionals and recruiters who have recently been laid off. Pink slip parties are usually held during tough economic times, when unemployment is rising and businesses are closing. Often, these casual gatherings will raise money for charity, and provide job search advice to the attendees.

INVESTOPEDIA EXPLAINS 'Pink Slip Party'

Pink slip parties are a way for job seekers to network with each other as well as with recruiters. As such, each person is often labeled with a name tag or color-coded bracelet.

Pink slip parties increase in frequency during economic slowdowns such as after the internet bubble or the credit crisis. They can provide a sense of solidarity for the newly unemployed, but they sometimes also provide practical advice on finding a new job or building a resume to help the recently unemployed as they try to get back into the workforce.

RELATED TERMS
  1. Monster Employment Index

    An index created by information collected from job postings on ...
  2. Layoff

    1. When a company eliminates jobs regardless of how good the ...
  3. Cyclical Unemployment

    A factor of overall unemployment that relates to the cyclical ...
  4. Job Hunting Expenses

    Costs that individuals may be allowed to deduct on their federal ...
  5. Frictional Unemployment

    Unemployment that is always present in the economy, resulting ...
  6. Recareering

    A late-in-life career change. Recareering is not just a job change, ...
Related Articles
  1. Professionals

    Trying On Potential Employers

    Ditch your ego, prove that you'll work hard and don't settle for the wrong company.
  2. Professionals

    10 Steps To A Career In Hedge Funds

    Experience and hard work go a long way toward securing a position in this challenging field.
  3. Personal Finance

    The Layoff Payoff: A Severance Package

    If you must leave your job, go out fighting for the best benefits you can get.
  4. Budgeting

    Layoff Protection Plans: Good Deal Or Gimmick?

    If you get laid off, these plans can be of great value, but the best protection may be to avoid big purchases altogether.
  5. Professionals

    Taking The Lead In The Interview Dance

    Learn the steps that will help lead you to a new career.
  6. Retirement

    Financial Career Shift: Get In The Driver's Seat

    Before you agree to work for another investment firm, be sure you know what you're getting into.
  7. Personal Finance

    Resume Scribes Seal The Deal

    Find out how professional resume writers can help you land a coveted career.
  8. Insurance

    Finding The Best Health Insurance You Can Get

    A close look at the pros and cons of Aetna vs. Cigna PPO health insurance helps you decide what's important for you.
  9. Insurance

    Avoid The No-Health-Insurance Penalty By Feb 15

    If you don't have health insurance, act NOW or you could owe penalties on your 2015 taxes, in addition to this year's.
  10. Insurance

    Rating Assurant Prepaid Vs. Delta PPO dental plans

    As more consumers – and dentists – join insurance plans, here’s help in choosing benefits that are right for you.

You May Also Like

Hot Definitions
  1. Prospectus

    A formal legal document, which is required by and filed with the Securities and Exchange Commission, that provides details ...
  2. Treasury Bond - T-Bond

    A marketable, fixed-interest U.S. government debt security with a maturity of more than 10 years. Treasury bonds make interest ...
  3. Weight Of Ice, Snow Or Sleet Insurance

    Financial protection against damage caused to property by winter weather specifically, damage caused if a roof caves in because ...
  4. Weather Insurance

    A type of protection against a financial loss that may be incurred because of rain, snow, storms, wind, fog, undesirable ...
  5. Portfolio Turnover

    A measure of how frequently assets within a fund are bought and sold by the managers. Portfolio turnover is calculated by ...
  6. Commercial Paper

    An unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories ...
Trading Center