Nowadays, there is no such thing as guaranteed job security. Many people are losing their jobs due to globalization, downsizing, recession, contracting and outsourcing. Since job uncertainty is something that most people have to face at some point, learning how to handle it is very important.
Here are some tips for coping with job insecurity:
1. Manage stress
Due to the fear of losing their job, many people have a tendency to get stressed. If not managed properly, this can end up having an adverse effect on your health. Therefore, when you feel anxious about your career, it is very important to maintain a positive attitude. If you are properly qualified and experienced, realize that there are many other employers out there who could use your skills if you lose your current job. In all situations, it is important to remember that you are in control of your life. Therefore, you need to be proactive instead of reactive. If you suspect that you might lose your job, start looking for a transfer to a different department or for a new job altogether. You could also consider upgrading your skills to remain relevant in your industry.
2. Stay relevant
Nowadays, technical as well as non-technical skills are changing rapidly. It is therefore very important to upgrade your skills continually to keep up with the latest industry trends and certifications. This will help you become more valuable to your organization. You can keep your skills current by reading trade publications or taking relevant courses.
3. Prove your worth
If your company was forced to layoff everyone in your department and retain one employee, where would you fall? To minimize the chances of losing your job, be sure to prove your worth in the workplace. If you are a lazy employee who is always the last to arrive at work or the first to leave, you are surely a candidate for termination. Instead, you need to be someone that adds value to the company. Always arrive to work on time and give your best to every project. Be willing to take on extra work even if it means staying late to complete it. Have a positive attitude and be ready to help other team members to succeed. This kind of attitude will help you stand out from the crowd.
4. Update your resume
Keeping a resume current is important for everyone, not just people who are applying for new jobs. When your resume is up-to-date a new position emerges, you can apply for a new position at the shortest notice. This will save you the trouble of having to rush to edit it and probably make costly mistakes. Therefore, having a current resume could make the difference between getting or missing a job opportunity.
5. Save money
One of the worst things about losing a job is being unable to meet your financial obligations. Therefore, it is very important to have a backup plan to mitigate any eventuality. It would be advisable to save about six months of living expenses. In case you are laid off, this will enable you to pay your bills as you look for another job.
The best way of dealing with job insecurity is to be prepared. This will enable you to stay in control of the situation no matter what happens.