Showing posts with label layoffs. Show all posts
Showing posts with label layoffs. Show all posts

Wednesday, October 16, 2019

How to Deal with Concerns About Your Job Security




There are times in our career when we experience concerns about the security of our job and wonder if we’ll still be employed in the next few weeks. For example, your company might be struggling financially, or has recently gone through a restructuring or round of layoffs or is in the process of a merger.

These situations always bring about a great deal of uncertainty and can lead to anxiety in the workplace and fears about the future.

But there are ways to make these situations more manageable and allow you to deal with concerns about job security in a healthy way.

Get your finances in order. Hopefully, you’re not waiting until a crisis to get your finances in order. And by, in order, we mean ensuring that you have a budget in place, your income is greater than your expenses, you’re saving money, and you are contributing to a retirement plan. Having a sense of financial security can ease the stress of anxiety related to your job and future employment.

Avoid gossip. Stay away from the speculation about the company and what might happen. There will always be a lot of people with opinions in your company but many of them are not informed opinions and only serve to stir up controversy. Avoid the people in your company who are gossiping and sharing information that might or might not be true.

Maintain good communication. On the other hand, maintain good communication with your immediate supervisor and be sure to discuss any concerns you have about the company and its direction. Let your manager know you and the team would appreciate regular updates on the merger, state of the industry, or whatever the specific situation your company is going through.

Focus on your health. Take care of yourself, both mentally and physically. If you’re experiencing some depression or anxiety, seek out the help of a professional. Get enough sleep, reduce or eliminate alcohol intake, get some physical exercise, and focus on maintaining an optimistic approach to your life and work.

Deepen your network. At any time in your career there should be attention paid to developing and deepening your network. Having a healthy and robust system of support is always helpful to your life and career.

Wednesday, October 9, 2019

How to Identify a Toxic Workplace Before You End Up in One



There are few things that make a job more unbearable than working in a toxic workplace, a place you dread to go to every day, that brings out anxiety every Sunday evening, and that leaves you feeling drained and run down rather than energized and enthused.

Of course, once we’re in a toxic workplace we usually recognize it right away, and if we have some savings built up or a new job offer, we can move on.

However, the best way to avoid working in a toxic workplace is to avoid taking the job in the first place. Here are a few ways to determine if the company you’re thinking of applying to, or accepting a job at, is, in fact, toxic.

Negative reviews. Research the company to see what people are saying about it. Use Google and search Twitter feeds to learn more about the company and how customers experience it and what employees and former employees have to say. Glassdoor is a good resource to get a sense for the reputation of a company among its workers.

Recent layoffs or high turnover. Search the news to learn about recent layoffs at the company and to see if there is a pattern of downsizing. Companies that go through frequent restructuring patterns often have employees with low morale because they fear they could be the next to go.

Negative comments about others. Does the company publicly make negative comments about other brands or businesses? Or have you seen the leadership from the company use social media to attack others? If so, these can be clues to stay away. The company might be led by individuals who think bullying is the way to achieve their goals. When you have an interview at a company pay close attention to the way the hiring manager or HR staff person speaks about current or former employees. This will provide some important information about the health of the company you are considering.

Unclear job description. If the company cannot provide you with a clear and specific job description you might want to steer clear. This can be an indication of a company that is not clear about its goals and does not provide the necessary directives and training for you to succeed at your job.

Trust your gut. In the end, trust your instincts. If your gut is saying no and telling you this is not the right opportunity, then you should strongly consider trusting your intuition. You might be unemployed a few weeks longer, but you’ll appreciate it when you find yourself enjoying your job and the company you work for rather than wishing you could flee after a week or two on the job.



Wednesday, September 11, 2019

How to Deal with Your Company's Uncertain Future



Market conditions and business realities can change in a hurry and, with it, plans for a sustained career with a specific employer.

When your company goes through rounds of layoffs or strings a few down quarters in a row, it can be difficult to stay focused on your job, especially if the rumors are flying and others around you have been laid off or are feeling pressure.
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Here are a few steps to deal with the uncertainty.

Stay informed. Be aware of the situation of your company and the state of your industry by attending company meetings, listening to calls with shareholders, or reading industry websites and magazines. The more you know about the situation the better prepared you will be to manage whatever comes. Be sure to have regular conversations with your manager or boss to discuss the specific situation your company is facing and how it might impact you and your team.

Manage stress. This is a particularly good time to practice self-care and focus on ways to feel healthier, both physically and emotionally. Eat well, reduce alcohol, eliminate unhealthy habits like smoking, sleep well, and practice meditation or yoga. The better you are at managing the stress levels in your life, the better prepared you will be for any eventuality at work.

Be prepared. It’s possible your company could file for bankruptcy, be sold, or go out of business. Any of these possibilities could lead to you losing your job. Prepare for this possibility by deepening your network of contacts, updating your resume, and becoming familiar with job search sites that will be most relevant to your work interests.

Diversify skills. The more valuable you are to the company the better your chances of remaining employed, and like the NFL, one way to increase value is to be able to play multiple positions. What that looks like in your company is specific to your work and industry, but it also means developing your soft skills, like conflict resolution or empathy, while also being a good accountant or engineer. Think about the skills and abilities your company needs to succeed and find ways to develop the skills needed to make a positive contribution.

You might not avoid a lay off or the impacts of the market on your company, but you can find ways to better position yourself for a more positive future.

Wednesday, April 17, 2019

How to Support a Colleague After a Layoff



When your company restructures and lays off staff it often creates a mood of uncertainty and stress for everyone involved. But what do you do when you’ve been fortunate to retain your position while a good friend and colleague was let go? It can be difficult to know how to handle this situation.

Here are three tips for supporting a colleague who has been laid off.

Say something. Don’t let the awkwardness cause you to bite your tongue. Of course, the situation can feel tense, but your former co-worker needs to know they have your support. It can be as simple as saying “I’m so sorry to hear the news; is there anything I can do to help right now?” He or she might be in shock and unsure of what to do next so be prepared for some silence and a desire to be alone for a while.

Write a recommendation. When the time is right, and if you can sincerely help, offer to write a letter of recommendation. It will be useful for your colleague to have new, well-written statements of support for their accomplishments, skills, work ethic, and qualities.

Pass along job tips. Once you’ve become clear on your former co-worker’s new plans, offer to send along any job opportunities you become aware of through your network or the job boards you stay up on. But be considerate and don’t bombard him or her with emails, particularly if they are experiencing some depression following the layoff. It can feel overwhelming and hopeless to have too many opportunities thrown in front of you.

There are other ways you can support your friend or colleague, such as offering to review an updated resume, driving your former co-worker to a job interview if transportation is an issue, or simply inviting him or her out for a coffee. The important thing is to listen to what your friend needs and offer that through your support, whether it’s taking on the role of cheerleader or the voice of reason.    

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.

Wednesday, November 8, 2017

How to Practice Self-Care After Losing a Job



Losing a job ranks rights up there--along with death, divorce, or a move--as one of the most stressful and difficult times in a person’s life. 

A job loss can lead to anger, depression, and solitude and it’s very important to develop healthy habits during this time of unemployment.

Take the following steps to create a regime of self-care.

Focus on friends and family. Seek out and spend time with those you are closest to. Meet up with a best friend for a regular lunch appointment and spend some extra time with family. Be open with those close to you about how you’re experiencing the job loss and accept the support of others.

Let’s get physical. Pay attention to your health. Now you have some additional time to ensure you can fit in a daily exercise routine, whether it’s yoga at a nearby studio, joining a local fitness club, biking across town, or simply taking a brisk walk around the neighborhood. This time will also stimulate creativity and just might stimulate some ideas regarding your next career move.

Embrace the pillow. Get adequate sleep. Make an effort to avoid staying up late to watch television or staying on a computer or mobile too long getting lost in the world of social media. Instead, go to your library and pick out some great books to read in the evening before falling asleep. Good sleep will provide you with energy and a positive attitude to continue on with the other healthy practices your implementing.

Resist the bottle. This is a time to avoid excessive alcohol consumption. Drinking will not change your situation and will only make it more difficult to practice other healthy habits. This might be a great time to avoid alcohol and instead make a switch to a healthier diet that make you feel more energized and optimistic about your situation.

Turn down the pressure. Take some time to minimize expectations and resist the temptation to put too much pressure on yourself to find a new job or make a decision about a career path. It can be difficult to make clear-headed decisions when we feel under pressure. Implement a daily practice of calm breathing, meditation, prayer, and positive affirmations to quiet the voices in your head, reduce the pressure, and set aside expectations.

When you develop habits of self-care—deepening your friendships, getting adequate sleep and exercise, eating well, and developing positive thinking patterns—you’ll be better equipped to handle a period of unemployment or under-employment.

Wednesday, February 1, 2017

4 Ways to Prepare for an Unexpected Layoff

It's an experience that we anticipate with dread: that call into our manager's office, letting us know that we're being let go. It usually doesn't make us feel better to know the circumstances, whether the company is down-sizing or eliminating a specific area. Our focus is on the immediate. What do I do now?

Fortunately, there are some ways you can prepare for this future possibility and reduce some of the sting of it.

Below are four ways you can prepare for an unexpected layoff:

1. Keep your resume and LinkedIn profile up to date. In the event of a sudden, unexpected layoff you'll be grateful that you've kept your resume up to date. It will decrease your concerns about preparing for the job hunt and will help you focus on job opportunities that are best suited to you and your strengths and skills. Be active on LinkedIn and let other know you are looking for new opportunities. Schedule time in your schedule every three months to tweak your resume and LinkedIn profile.

2. Stay engaged with your network. Be sure you're taking some time each week to stay connected with your colleagues--both in the office and those you know virtually or through conferences, or previous places of employment. Often these will be the first people you'll contact about work and job openings.

3. Be involved in a professional organization. Nearly every profession has some type of professional organization and associated conferences you can get involved with. Start now and make a point of having at least one conference you attend annually. Not only will you increase your knowledge base, and build your network, but professional organizations often provide resources and information for job seekers.

4. Contribute to a "rainy day" fund. Finally, prepare in advance to handle the financial storm of an unexpected layoff by regularly putting aside some money from your paycheck into a savings account. And be sure not to touch it! You'll be grateful it's there if the unexpected happens.

Friday, November 18, 2016

High 5 Weekly Career Transitions Roundup: 8 Morning Secrets of Highly Successful People

This is our weekly roundup of some of the best career-related articles, interviews, blogs, etc., we've read during the week. We share them so you have some great resources to prepare you for the coming week. Enjoy!

  • 8 Morning Secrets of Highly Successful People: "Those who are successful don’t waste time or opportunity. Just about every minute of their day is planned and has purpose. Some devote time in the morning to visualize the rest of the day."
  • 6 Habits That Turn Dreams Into Reality: "One of the benefits of a structured approach to goal and vision setting is that individuals can clearly see how each action and effort propels them toward their highest goal."
  • Employers Need to Recognize That Our Wellness Starts at Work: "While we can argue about the best ways to maximize productivity, it’s hard to dispute that the physical, mental, and (yes) emotional conditions of employees are very much the business of the company, given that they greatly impact performance, morale, and absenteeism."
  • How to Talk Politics at Work Without Being a Jerk: "If you don't think your co-worker's political beliefs are deserving of your respect, take that as a sign that you shouldn't be engaging in the conversation at work at all."