Frank Parsons (1909) founded the vocational guidance movement more than 100 years ago within the context of a shift from an agricultural to an industrial workplace. Today, globalization, workforce diversity, and the financial instability related to the Great Recession present numerous challenges to workers across the economic spectrum. In addition to highlighting Parsons's continued influence on career counseling practice, the authors draw on David Blustein's (2006) psychology of working to enhance the understanding of the needs of dislocated workers. Using case examples, the authors demonstrate how to incorporate insights from the psychology of working to address social justice, financial, relational, and self‐determination concerns among this vulnerable population. Counseling strategies for clients in transition, especially those considering educational options, are provided.