Have you had a feeling that doom is eminent… that you may wake up tomorrow and find yourself without a position?
Most of us do these days, with all the mediocre economic news and constant report of more layoffs.
There is hope, however, if you are prepared. Here’s what to look out for and how you can rest easier at night.
1.Your company has been sold or merged.
Typically this isn’t good for non-management employees and even some in management. Merging means duplication of jobs, which equals redundancy. One or both of the company’s will cut the workforce as a purely business decision. Remember, when you work for a corporation you are basically just a number or a “resource” (hence why there’s a “human resources” department).
What you hopefully have already done is build a network outside, but also inside the company (see my post for tips on networking by clicking here). Does you boss have influence on decisions in the company and do they like you? If you have invested in your relationships with your superiors you may be safe. But like anything in life there are no guarantees.
2. Your level of responsibility has been going down
Does the intern now seem to have more duties than you? Could be a sign the company is phasing you job out and shifting to the $15 per hour intern to cut costs.
Might be a good time to level with your boss. Or you could just try to hide out for as long as you can. Again, if you’ve been building a network you would be at this point reaching out to some key folks who can hopefully help you land a job elsewhere. You should also talk with your co-workers about it and see if they’re experiencing the same problem.
3. Management has been behind closed doors and there’s rumors going around
Has the bi-weekly memo from the COO been late the past couple of months? Is the manager of your department in meeting half the day every other day? This could signal management intends to make some changes that could affect your position.
Don’t listen to office gossip but do take a look at your managers. Body language can reveal much. Has the head of finance who was always walking around, chatting up people suddenly turned into a cold shouldered jerk who won’t even make eye contact? The finance department knows what’s going on with the company’s assets, and it may be bad news- maybe the company is going bankrupt.
Bottom line is anything is possible these days. Some companies do well in a recession, others go out of business, and some ride the wave.
Preparation is key. If you’ve ever felt what it’s like to get a pink slip you know this. You probably didn’t see it coming. I didn’t when I got mine. So don’t take anything for granted.
If you have a professional network there may be somebody who can help you in the event you are laid off. And there are staffing agencies out there, such as Robert Half that are great if you need to find something quick. Many times they have a client who is only looking for a temp though.
There is another way you may have already thought of. A side business could be a great fit if you have a desire to earn a side income and even turn it into a full time venture in the long run.
If you have an entrepreneurial spirit and are passionate about getting out of the rat race so you never have to worry about the warning signs I laid out above, contact me and I will provide some free training on how you can grow a business from home the right way.
Keep a positive attitude in every situation and you will grow from it. Remember that even if things get bad, it is only temporary and you can do something to change it.
Think about that and share this article if you have gotten any value from it.