A downside of having a job is the uncertainty that you may lose it someday. It comes as a big surprise to lose your job. But what comes as an even bigger shock are the repercussions that follow when you lose your job. From financial difficulties to future employment struggles, your whole world gets turned upside down. Hence, it is majorly important to be aware of the signs which highlight that your job is in danger. What are these signs and how do you overcome them? Read on to find out more.
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Signs of having your job in danger
1. You are out of the loop
When the colleagues around you start excluding you from daily company discussions. When you are no longer an inclusion in company meetings. Or when you notice your manager being tight-lipped around you, when earlier you were enthusiastically involved in all company-related discussions. These signs point towards you being excluded from any company gathering or important meetings.
2. The captain has changed
Often company mergers and acquisitions lead to having a revamp in the management. This may result in you having a new manager. Now this new manager may not be able to gel with you as best as your previous manager. He may want to bring in his own team but is hesitant to do so until you are there. On the other hand, sometimes the same manager may start giving you the cold-shoulder. He may not reply to your email anymore or ignore you while passing by. This may well be a sign of your job being in danger.
3. Where is the work?
From getting continuous tasks to not getting any new project to work on. When you see a drop in your assignment of tasks or your work not getting any reviews from your superiors, it may be because they feel that since you are leaving the company soon, reviewing your work may be pointless.
4. Bad grades
Just like in school, once you get a bad grade in your examination, your faults are focussed upon more. So if you get one bad review, your other work comes into more scrutiny. All your errors are highlighted and pointed out more. You may receive an earful from your superiors that you are not doing your best work. Your transfer requests or promotion aspects may be getting a rejection. This is all the leads and reasons that your company may be accumulating as proof for terminating your employment.
5. Sinking ship
In some cases, the company as a whole itself or your specific department may be seeing a slowdown or economic crisis. If you notice your department colleagues getting fired, any expenses getting denied, no new hires happening, training being disapproved, all promotions, bonuses being frozen, etc. that may be signs of your job being in danger too. This would be a good time to jump ships and remove yourself from a sinking ship to a better prospect one.
6. Replacement
It is rare that a company would hire other staff to do the same tasks as yours. If you notice a new joinee who has the same job role as yours, it may be a sign that he is your replacement. So the company might be preparing him to take over your assignments. If you notice other colleagues asking you about your tasks and taking them over. Or your manager asking you to relay your tasks to others. Then this sign combined with the others may be pointing at your job being in danger.
Solutions to overcome signs of your job being in danger
1. Build your brand
It is the digital era, where most new employments are happening over social media networks. As such, update your LinkedIn profile. Learn more about it in How to make a LinkedIn profile for career goals attainment? Update your physical resume. Accumulate screenshots or any proof of any accolades or appreciation you received from any of your clients. Ask your friends to recommend you to other positions in their companies if possible.
2. Activate your network
Keep in touch with your friends and acquaintances on a regular basis. Don’t make it seem like you contact someone only when you have a purpose. Rather keep up with some small talk to build cordial friendships with people who are doing well career-wise. Visit any professional conferences being held in your city, relating to your industry and make contact with the exhibitors. This can help you in future job interviews if you can acknowledge them about visiting their stalls. Spend more time on LinkedIn rather than Facebook and Instagram. Broaden your network of contacts. Get in touch with your friends, ex-classmates and ex-colleagues who have maybe started their own startups or hold high positions in their firm. Ask them for their advice on shaping your career. Rather than asking for a job, show genuine interest in industry conversations and market trends.
3. Financial backup
If you have any ongoing SIPs which go into equity funds then it is advisable to stop them and divert into liquid funds. If the market were to crash, then you will not face a loss in liquid funds. Alternatively, if you have an upcoming fixed deposit renewal then pause that and invest in liquid funds. These will give you the option to cash your liquid funds out at any moment. If you have plans for any big investments such as a new house or car, then avoid them for the time being. This will help you avoid the pressure of paying EMIs.
4. Be aware
Keep aware of the market trends in your particular industry. Brush up on your knowledge and interview skills. This will help you in not looking rusty when you drop in for a new job interview. Keep an eye out for job hire ads to see what skills interviewers are looking for. Update your LinkedIn account with all your project details. Keep an option open for higher studies as well. Look out for upcoming competitive exams and take this as a good opportunity to learn something new which might even be more helpful in the future.
5. Revision
If you belong to a technical field such as coding, then be up to date with the latest technologies in that field. Start reading up on your interested industry. Revise your knowledge of the field along with some important technical questions. This will also help you in not looking rusty for your new job interviews.
6. Be in control
Do not lose your coll and speak ill of your superiors or boss. This will only leave a bad impression of you on other people’s minds. It may even discourage any prospective employers from hiring you assuming you will speak ill of them as well. So always be calm and composed. Leave your old job on good terms. Rather ask your ex-employer to give you feedback on your work and advice on getting better. Always be professional rather than arrogant.
7. Always keep learning
We might get lax in your daily life and forget to acquire new knowledge. But it is extremely important to always keep learning. Learning a new skill is always an advantage. You can learn about Payroll Processing in our new A To Z Of Payroll Processing | Online Labour Law Course.
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