If you’re feeling uneasy about the stability of your job, know that you’re not alone. In today’s economy, layoffs are in the news and more and more workers are noticing signs that their jobs could be in danger.
While layoffs can happen for a variety of reasons, and some are expected and others aren’t, there are a few key indicators that your job might be on the chopping block. If this is the situation you are in, connect with the experts at Quality Placement Authority about temporary or contract work, which could help bridge the gap between long-term employment, if needed.
Pay Attention to Job Cut Signals
Signs job cuts may be pending:
- News of revenue issues. If there has been a lot of talk in meetings of a steady decline in revenue, harsh reductions could be on the horizon, including layoffs. Because manpower is expensive for a company, cutting positions may be required in order for the business to get through a tough financial period.
- Noticing restructuring in the organization. Another indicator that your job may be at risk is a company reorganization or restructuring. When departments are merged, it is common for jobs to shift significantly, and some posts may be eliminated.
- New executives want to make changes. When leadership changes, often a new boss will want to put their own ideas into practice. This could mean they want to bring in people they know from past projects or choose to trim jobs they believe are not supporting the needs of the department and overall company.
- Pay and benefit reductions. Due to revenue squeezes or other challenges, a company may move to reduce pay or cut back on benefits, such as freezing 401(k) matching programs or scaling back paid time off. Often a reduction in pay and perks is a precursor to workforce reductions, layoffs, or furloughs.
- Your performance has been criticized. Poor performance reviews should be taken seriously. When your boss is critical of your job performance, it could be one step toward you losing your job.
When you notice indicators that your job may be cut, it is normal to feel stressed. But instead of focusing on what you can’t control, take the opportunity to strategically consider next steps. Then, you will be in a good position to bounce back in the face of a job loss.
Staffing Firms Provide Support
There are supports available if you’re concerned about the stability of your job. Connecting with professionals at a staffing firm is helpful as they can share with you what fresh opportunities could be in reach. Then, if you do lose your job, you will already be in contact with a professional who can provide you with temporary work and inform you of unadvertised job opportunities.
Is the possibility of a layoff keeping you up at night? Be proactive and prepare for a potential job loss so you can increase your chances of landing on your feet. Quality Placement Authority is a full-service staffing and recruiting firm with nationwide service capabilities. Connect with Quality Placement Authority today.
