What to Do if Your Job is in Danger
By Janna on Oct 16, 2008 in Financial Planning
The national unemployment rate has been hovering around 6%, but economists predict a recession where that figure might jump to 8 or 9%. Sadly, many American workers never realize their jobs are in jeopardy until they get laid off. You’ve heard the old adage, “Expect the best but plan for the worst?” There’s never been a better time to start planning. Here are some helpful tips to follow if you think your job might be in danger.
Be in the Know
Know what’s going on in your workplace. Have there been rumors of lay-offs? Have your benefits been scaled back? Did the office social get canceled? These are all warning signs worthy of your attention. When your workplace suddenly starts cutting back on jobs and extras, it’s time to formulate a Plan B.
If you work for a nationally known corporation, news and radio reports can be your best friend. Your boss might not tell you – or even know – when the business is facing financial problems, but reporters will. Keep your eyes and ears open for signs of trouble.
Change Jobs Within the Company
If you work as a customer service rep or administrative assistant, your job might be one of the first to go in tough financial times. Companies in crisis tend to hold onto positions that bring in revenue, such as sales and marketing, and do away with others. If you think a lay-off will be in your future, apply for a money-making position at your company. Even if you don’t like the position, it can tide you over while you look for a new job.
Dust Off Your Resume
If your resume hasn’t been updated in a year, dust it off and shine it up! You might be sending it to a prospective employer fairly soon. Instead of laying out your experience chronologically, grab people’s attention by starting with a summary of your relevant skills and accomplishments. Don’t be afraid to really sell yourself, and don’t hesitate to have a professional touch up your resume for maximum impact.
Network, Network, Network
Make friends and alliances within your company, and make sure they realize how valuable you are. (It is possible to toot your own horn without being obnoxious.) Be proactive; offer your assistance whenever possible. If you carve yourself a niche as the team meeting organizer or the new-hire trainer, you’ll add to your job’s security.
Networking outside of your job is important, too. If you get laid off, you’ll want to have people you can turn to for job leads. Many online job sites offer networking services. You can also make your own list of potential contacts by writing down all the people you’ve known and worked with through the years. If worse comes to worst, don’t be scared to give someone a call, even if they’re only an acquaintance. Times are tough, and they will understand that you need all the help you can get. Just offer to return the favor if they should find themselves in the same situation.







