Recession has become the most dreaded word nowadays. Nobody knows who will lose their job or when will the downsizing hit your department. Since, a lay-off is not going to be performance based only, so everyone needs to be well prepared for an unexpected job loss.
Cut down your expenses
This is a time when you should be saving more and spending less. Make sure you have enough in the buffer to last a couple of months in case of a lay-off. Credit card usage should also be minimized to avoid being in the defaulter’s list.
Expand your network
Networking, networking, and more networking is very essential. Team up with older colleagues, alumni, friends and relatives. Tell them about your concerns and share information on the current job market and alternative possibilities.
Retrain yourself
Take up career development and skills development courses to polish up your performance and reduce the risk of reliance on your specialized activities.
Offer more at work
Increase your job description voluntarily and try to become indispensable for the company. Arrive early, leave late and be involved in the activities around the office as much as you can. Do the homework for your boss and re-bond your relationship for a longer lasting career.
