Feet on the Street

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Archive for the ‘Job Exiting’ Category

Could You be Facing a Layoff?

Posted by Lori on February 23, 2010

In these days of uncertainties, you never know when you may lose your job. When faced with the dreaded pink slip, your mind races a million miles an hour. Do you enroll in college or vocational training? Do you just sit back and draw unemployment after the chips fall? Maybe you get hired by another company, but should you enroll in online courses?

According to Joseph Grenny from wetfeet.com, you should have the following conversations:

  1. Ask long-timers about past practices — How have layoffs been handled in the past? Is advance notice given? Are cutbacks across the board or targeted? How are the decisions made?
  2. Clarify compensation surprises with HR — Will the company be paying normal bonuses or annual raises this year?
  3. Assess your general risk levels — How likely is a layoff in your division? Department? Team? Job? If there are open forums with executives or other higher-ups, these are great places to ask these questions.
  4. Assess your specific risk level — Find out where you stand with your supervisor. What skills, job changes, projects or other actions would make you less dispensable?
  5. Have a conversation with yourself — What should you be doing now to prepare yourself to survive a layoff?

I think #5 is the most important conversation of all. You need to put yourself in survivor mode should the layoff actually happen. Perhaps you need to focus on learning some new skills, or pay down some debt. Be sure you address all of the conversations should your number come up and it will lessen the blow.

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Is it Time to Jump Ship?

Posted by Lori on July 21, 2008

What happens when your company suddenly downsizes? Chances are you have been in your career long enough to learn new skills or accomplish several projects. Keep in mind that as your new job search begins, you may need to jump ship and look for career that is very different that you were accustomed. Many professional skills can be transferred to other industries. In an article for the Wall Street Journal, Sarah Needelman suggests that all may not be lost !

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