Sunday, February 1, 2009

When Facing Possible Layoff

Many today either have been laid off or fear being laid-off. In an earlier posting I outlined things we can do when we have been laid off. This posting is from December 14, 2008 and is entitled "Surviving the Storm". In this posting I want to provide advice for those still employed but facing potential layoff.

This is not the time to look for a raise. The management of your company is most likely feeling the squeeze in their cash flow. They are most likely experiencing a decline in revenue from sales and are paying more for items such as energy costs to keep their plants and offices running. They are also most likely having a difficult time collecting on their outstanding receivables. Rather than laying off personnel or reducing hours, the company may opt to not give raises this year. Be thankful to have a job instead of complaining about not getting a raise.

You also need to look for ways to increase your value to the company. You may want to go back to school to increase your knowledge and value to the company. The good thing about education is that even if you are laid-off, you will have more to offer in the job market. You may also volunteer to do more. If companies have to lay people off, they try to hang on to their most valuable employees and those who always do more than they are asked to do. I encourage you to become one of these people.

Finally, if you have good reason to believe you will be laid-off, do not wait. This is the time to get your resume together and even list it on the many job posting websites such as Carrerrbuilders.com or Jobbing.com. You may be able to find your next position prior to being laid-off of your current one. This way you will not have any interruption of income.

I hope these tips will prove helpful and feel free to add any additional tips by posting your comment. If you need any personal advice, you can contact me at dalewsr34@gmail.com.

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