The of layoffs in the technology sector has many people wondering if they are next in line for a pink slip. Many people with a specialized skill set suddenly find themselves in the precarious position of picking themselves up to rebuild their careers. Situations such as these can fan the flames regarding whom should be loyal to whom in employer/employee relations.
Gone are the days of getting a job and staying put for decades, and employees must always be prepared for the unthinkable. Here are a few ways to brace yourself in uncertain times.
Build Up Your Savings
Few feelings are worse than having uncertainty at work. The stress can be anxiety-inducing and impact your performance, making matters worse. One critical step to give yourself some peace of mind is to give your savings account some much-needed attention. According to CNBC, 56% of Americans don't have enough savings to cover a $1,000 emergency.
Figures like these are alarming because in the event of layoffs, not having emergency funding available can be financially crippling. Most experts recommend having enough savings to cover at least 90 days worth of expenses. So, it's essential to automatically dedicate a percentage of your checks to deposit into a savings account should tough times come. Even if you can only put away a small amount, its' crucial to have something to provide a bit of cushion to help you get by.
Keep Your Resume Updated
If you have a clue that trouble at work is on the horizon, there is a strong chance you may be on to something. If this is the case, it's time to blow the dust off your resume and ensure it's as strong as possible.
Have you led any significant projects lately? Include it on your resume.
Were you hired to solve a significant problem within the company? Make sure you point this out.
These are just a few ways to strengthen your resume in case things start to sour at work, but it's crucial to ensure your resume presents you in the best light.
Begin A Targeted Search
While the thought of being out of work is frightening, preparing a targeted job search can help ease some of your tension. To design a targeted job search, assess yourself honestly and decide what you want from your next opportunity and what you offer potential employers.
As you go about starting your search, ask yourself challenging questions, such as
What kind of company culture am I looking for?
Do my skills align with what the job posting requires?
Do I see this opportunity as a long-term option, or is it just a tiny part of my journey
When you begin your search, think about the things that matter the most to you, and aim your search to hit the target that provides you with these things.
Remember Your Self Care
An ugly truth many people aren't willing to acknowledge is that the days of "loyalty" are gone. While you must represent yourself and your employer in the best light at all times, it's essential to understand that things can change at a moment's notice. For this reason, taking care of yourself is vital to your career and well-being.
A crucial aspect of caring for yourself is focusing on what's in your realm of control. Although you can't control if you get laid off, you can control continuing to show up, producing quality work, and staying prepared in the event trouble comes.
If you feel overwhelmed by the situation, it's okay. Allow yourself the freedom to be human, and combat the stress by participating in hobbies, getting exercise, journaling, or doing whatever healthy activity you enjoy that helps give you relief from tension.
Uncertainty at work is stressful, but doing what you can to prepare can help take some of the sting out of hard times. Building your emergency savings, having a solid resume, and beginning a targeted search are ways to brace yourself if you think trouble is coming at work.
Whatever happens, remember that you will eventually get back on your feet. Stay patient, stick with your plan, and ask for help should you need it. The unthinkable is a possibility that can occur at a moment's notice, but with the right strategy in place, you can weather the storm and get your career back on track.