How to Keep Your Job in a Recession
10 Tips in Shaky Economic Times
While Canada has not yet descended, officially, into a recession, unlike many of the industrialized nations, the prognosis, especially with the expectation of a federal deficit next year, and the U.S. economy tanking, does not appear to be optimistic.
Those of you with a gene for optimism are probably not even thinking about the possibility of job loss, or other economic adversity. You may believe that your job is secure critical even, or that your longevity and previous loyalty to your organization will protect you.
If there is anything that the last major recession in Canada has taught us, it is this: There is no such thing as corporate loyalty, and no job is safe.
While there is no foolproof way of ensuring that you will still have a job by this time next year, there are some things that you can do to increase the chance that you are not the one who will be the first out the door.
In tough economic times, the fastest cuts are those that involve labour costs. Even in the oil patch where labour is a minor cost compared to other budget areas, cutting staff sends the fastest and clearest signal to everyone that the company is being fiscally responsible.
Corporate layoffs can involve either the elimination of some jobs, or a reduction in head count of the number of people who are actually doing the work. In the first situation, a company may simply decide that some jobs are no longer required, and abolish the positions. This can range from putting a particular project on hold, perhaps indefinitely, to outsourcing a function that was done previously in-house. Employees in this case have few options.
In the second approach, organizations look at a reduction in the number of bodies on the payroll, and leave the determination of who should be let go to Managers or senior leaders. When this occurs, smart staff will have already embarked on a plan to ensure that they are not the ones who are identified as being “reduce-able”.
In either event, here are some tips and strategies you can employ to help ensure that you remain employed until the economy recovers.
1. Get your resume up to date.
Pay particular attention to the skills that you have demonstrated, and achievements that you have been responsible for in the last two years. While this won’t help you necessarily to keep your existing job, it may reveal areas where you need more education, or experience, or skill, and you can work to address deficiencies.
2. Understand that if you got run over by a beer truck today, the company would find a replacement for you tomorrow, so don’t think that you are indispensable.
With that in mind, behave in such a manner that your boss wants to keep you. Be polite, friendly, and agreeable when asked to help out. Now is not the time to be a diva, complain about how much work you have to do, or argue with every decision that is made.
3. Managers absolutely hate to have to do the following:
Act as a referee between staff who can’t get along; deal with complaints about your behaviour from people in other departments, or from customers; check and re-check your work for errors; listen to personal problems you are experiencing outside of work. If managers have discretion as to whom they will let go, the ones who are the most “management attention intensive” are the more likely candidates. Don’t create unpleasant tasks for your Manager.
4. Negativists and complainers are frequently high on the list of those who are released early.
If you complain about your boss, the company, your work, the customers, the pay, the lack of appreciation, the working conditions, then you shouldn’t be surprised if your manager feels that you would be much happier if you left the company, and they might work to make that happen. Act in a positive manner. You don’t have to be a cheerleader, or a Pollyanna, but cut the BMWC (Bitch, moan whine and complain) to an absolute minimum.
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