Yearly, companies have to make difficult decisions to lay people off, in some cases, it can be a selfish decision to help retain the maximum amount of value for the business owners.
If it worries you that you might get laid off sometimes in your career, then it is best that you get yourself ready if it happens. The economy is shifting, and companies have to make as much money as possible for owners, as a result, they tend to lay off workers as to reduce the overhead cost of paying salaries to their employees.
The less salary they pay, the more they make for the company and the higher the stock price of the company if it’s a publicly traded company.
At Hubforjobs, we look at factors that help employees to remain salaried for a long time and we try to prepare employees for anything that will derail them from living the good life that they have enjoyed from earning money from their jobs.
Look for these signs if you want to get a feel if your companies may lay you off.
• Are they stalling on hiring
• Are they laying the nonrevenue department off
• When any department is understaffed, are they making efforts to hire quickly?
• Are they paying their vendors on time
• Are they over-expanding
• Are there pressures from investors or pressure to meet productivity?
• Did they ask that you reduce your salary?
• Is your employer sending a memo that they will take the team’s bonus away?
• Is the hiring department losing money and slow to get new employees onboarded?
These are some signs that may tell you to get back on the job market and get ready in the event you are laid off. From searching for a job to finding a job, it can take from 3 months to 6 months to find a job that is worth keeping.
How to land that dream job.
• Go to networking events focused on your career field
• Keep contact with recruiters
• Save your salary so you are not pressured to take on a job that you don’t need or work where you will have to leave under 2 years.
• Optimize your Resume
• Ask for referrals
• Take on an internship role in that area of your career that you want
Do these things and you will be happier and be in a better position than your coworkers and your peers.
