Maintain your job security during uncertain times
The past year has exerted tremendous pressures over the world, but certain nations, sectors, and businesses have suffered more from the slow-down of economic activities than others.
As economies stagnated and companies struggled, many employees working across the different continents, industries, and business models had a major concern: their job security.
In this piece, we will uncover the different tactics that employees can adopt to increase their job safety, especially if they are working in a recessive economy or a struggling business.
To increase your job safety in the face of ambiguity and poor macro and micro economic circumstances, consider the following:
1. Be vital: When companies are evaluating who to retain within their ranks; decision makers ask two main questions.
The first is “who brings the most value?”, and the second is “who is essential to the sustainability and progress of this company?”. Those who bring the most value – especially in times of crisis –are regarded as critical to business performance, and hence are likely to retain their roles.
There are different ways executives and employees add value. This may occur through the acquisition of new accounts if you work in sales, negotiating supplier contracts and cutting logistic costs if you work in procurement and supply chain, retaining the most suitable talent and allocating resources efficiently if you work in HR, or streamlining the product mix to maximize margins if you work in marketing, among many others.
Adding value comes not only in the form of functional excellence as described above. People skills, emotional intelligence, and influencing abilities go a long way.
Being essential to the continuity of the business by having positive influence over the team(s) reporting to you, presenting significant strategic contributions to the company’s long-term direction, and continuously upgrading and improving operational processes are all important factors will increase job security prospects.
2. Be adaptable: Working in unpredictable settings, particularly in a recession where companies are struggling to survive, will likely present new and unique challenges. These challenges include changing job scopes, a widening of pre-existing responsibilities, shifting organizational structures, and others. Maintaining an openness to adapt to these changes and riding the wave rather than allowing it to drown you is also a key survival element.
3. Be positive: Attitude is just as important as performance is to an employee’s status within an organization and is a key factor in how you are perceived by others .
To maintain good standing with your current employer, and along with exhibiting high performance and adaptability capabilities as specified above, you should sustain positive and healthy relationships with your colleagues, superiors, and subordinates.
In times of uncertainty and economic distress, people unconsciously resort to negative, sometimes toxic, employees who create conflict and stress, both of which can have disastrous effects on an organization.
Working in a country facing economic recession or a company struggling to survive could increase one’s job security concerns. This can lead to stress, panic, and poor decision-making resulting in reckless career choices. For this reason, it is important to invest in strengthening your standing in the company through incorporating the tips discussed above into your professional practices.