Wednesday, May 2, 2018

Signs from Your Company That It's Time to Look for a New Job

If you work at a company or business, large or small, you might be getting some signals that its time to look for another job.

You don’t want to ignore these signs, or you might find yourself as part of the next round of layoffs.

Notice the following indicators in your company and it will be time to ready your resume and strongly consider moving on.

The company fails to meet its financial goals, loses money, or loses market share. When your company is not competitive in the marketplace over a period of time there will be difficult decisions to make. Often those hard decisions include a reduction in work force. No one wants to be on a sinking ship. This is a signifier that you should consider looking toward one of your competitors that is succeeding in your industry.

The company lays off staff and does not replace them. A company that reduces its staff frequently and does not replace them is likely in a difficult financial situation and is trying to save money. A company that is cutting costs and reducing staff is often a stressful place to work and the company may not be able to provide you with stable employment and clear ways to develop your career.

The company no longer provides you with an opportunity to advance. Perhaps you’ve hit the wall and there is no way to move forward in your company. This can happen in a small company with a boss that intends to remain long term or maybe you’re in an industry that prefers frequent turnover rather than offering opportunity for slow and steady promotion. If you want to move up in your company, develop new skills, and advance in your career you may need to consider a new employer to acquire the skills you desire.  

The company offers no training, nor does it provide support or funding for continued learning. When your employer does not value your knowledge and skills enough to invest in them with additional training you will need to consider a new position or watch your skills stagnate. Change is constant in business today and you need to have opportunities to continually upgrade your skills and knowledge.

When your company is sending you signals that its future is unclear you might want to take the time to update your resume and LinkedIn profile, deepen your network, and keep your eyes and ears open for another opportunity.

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