If you’ve checked your portfolio or the stock markets lately, you know just how volatile the market is right now. Especially if you have heard the debates that many financial advisors and analysts are engaged in about an impending recession. However, as we see more businesses restrict their hours or close, you may start to worry that an economic downturn could affect your job security. And you’re not alone. If you are worried about your employment status, here are a few ways you can secure your job in uncertain times.
5 Ways to Secure Your Job in Uncertain Times
For those who are questioning their job security, there are actions they can take to help secure their station within the company. Rather than waiting around for the leadership teams to make decisions, you can take control of your performance. Here are 5 ways you can help secure your job in uncertain times and prove that you are a valuable asset to the company.
1. Make things happen.
People can talk a good game and come up with grand ideas which is often why there are hired for their positions. Unfortunately, the conversation often stops there. Ideas need action to make things happen. Sadly, many people never follow through. Therefore, one way to set yourself apart from the other employees is to be the person who is willing to take on more challenges and show the higher-ups that you can get things done.
Even if you feel your job may be in jeopardy, don’t let your insecurities cause you to fall behind on your workload. Instead, look for ways to make yourself indispensable and position yourself as your boss’ go-to person. If your employer sees your value, you can worry less about job security and sleep more soundly at night.
2. Find ways to generate revenue.
Companies are very unlikely to get rid of their employees who are bringing in revenue. But depending on your position and what industry you’re in, this can take many forms.
Perhaps you have creative solutions to cut costs and improve the profit margins. Or, maybe you take the initiative to go after new leads and accounts. Another way to do this is to help identify employees with skill sets that the company is underutilizing. Those who demonstrate that they can maximize resources or bring in new business won’t have to worry about their future with the company.
3. Cultivate New Skills.
More candidates mean there will be more competition for the most coveted jobs. So, you should look at your resume and add new skills to your credentials. The most successful people constantly seek ways to improve and advance.
Despite what they say, old dogs can still learn new tricks. Adding new skills to your repertoire provides more options and makes you more valuable to your employer. Plus, prioritizing personal growth will pay off later. Remember that the more you bring to the table, the more secure your job will be in uncertain times.
4. Get actively involved.
Perhaps it’s time to go above and beyond your job description and take a more active role in the company. You can show that you want to be part of things by attending informal meetings, volunteering to help at events, or offering support to other departments.
This also gives you the chance to emphasize your skills, expertise, and commitment. And, going to social events and extracurriculars is a good way to demonstrate that you want to be involved with the company and your coworkers. The best part is that it will make you feel more secure and show your boss that you are invested in the company’s success.
5. Look for solutions, not problems.
For the last few years, many teams have been suffering from low morale under the current working conditions. However, dwelling on the negative things will get you nowhere. Moreover, it prevents you from finding solutions if you only see the problems.
Instead of looking at what you can’t do, change your perspective and start asking what you can do to make improvements. When you have an idea, offer suggestions to tackle complex problems. Having a positive attitude inspires others to contribute as well. And, managers will see you as a problem-solver which is a valuable skill in the professional world.
Keep Your Options Open
The harsh truth is that we are experiencing a downturn and no one can predict the future. There’s no crystal ball that can guarantee your employment status. While some things are within your sphere of influence, there may be circumstances beyond your control that affect your job security.
If you start seeing clear signs that you could be out of the job soon, then you need to take steps to protect your future. Having a plan in place if you are facing possible unemployment will provide a path forward. Having a financial safety net can also ease your anxieties about your situation and offer support through lean times.
For those who are concerned about their job or their future with the company, here are a few steps you should be taking right now:
- Take an honest assessment of your job performance and areas of improvement.
- Ask for feedback and suggestions from your leadership team on what they would like to see from you.
- Address any issues you are having.
- Work on personal growth and development.
- Talk to your coworkers to see if they share your concerns.
- Maintain an emergency fund with enough money to cover six months’ worth of expenses.
- Keep your resume up to date.
- Search out potential opportunities.
- Take an interview to keep those skills sharp.
- Always have a backup plan in place.
When facing uncertain times, you need to do what’s best for your future. Taking steps to secure your job can offer more peace of mind. But it never hurts to assess your value as an employee and keep your options open.
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Jenny Smedra is an avid world traveler, ESL teacher, former archaeologist, and freelance writer. Choosing a life abroad had strengthened her commitment to finding ways to bring people together across language and cultural barriers. While most of her time is dedicated to either working with children, she also enjoys good friends, good food, and new adventures.