When trying to protect your family from financial harm and protect your assets from falling apart you should always start with solidifying your job status. In an economy that is seeing unemployment skyrocket as companies lay off their workforce to save money it is important to make sure you are not expendable. There are certain things that a company will look at when trying to determine if you are expendable and therefore ripe for being laid off.
First you must understand that many companies that are struggling with the recession are laying off employees, but many just need to reallocate the workforce. Many businesses will not spend money trying to develop new technology during a recession, for example, but bill collectors and customer service agents may still be necessary. In this situation it is sometimes necessary for a company to lay off an entire department, only to turn around and hire for another position.
What you can do to protect yourself from being laid off when this economic situation arises? Make yourself as multi-dimensional and well-rounded as possible so you can be a candidate for reassignment instead of being relieved of your duties. Cross training yourself and being outspoken about taking on new roles or responsibilities can make you appear to be as supportive of your company’s goals as possible.
When the economic situations we are speaking of occur you shouldn’t wait to be noticed or asked to be moved when the opportunity presents itself. Instead, it is best to go directly to the departments that will need the help or to the supervisor of your group and admit your willingness to help. Being one of the people to fall on the sword and take a hit for the team will show your ability to lead in times of distress.
Sometimes it is simply not possible to avoid being laid off during times of great economic uncertainty, but following these steps will improve your chances of keeping your job.