Workplace
Warding off a pink slip
When talk turns to recession, workers worry about losing their jobs, said Aleksandra Todorova in SmartMoney. “Recessions and unemployment have long gone hand in hand,” and even if the economy makes a quick recovery, economists warn that job growth will be weak over the next year. Some industries, such as health care, may be “immune” to the trend. “People get sick no matter what the economic climate.” But if you work in one of the more vulnerable industries, some strategic planning is probably in order.
For starters, don’t be too eager to get another job, said Sarah Needleman in The Wall Street Journal. If your new employer isn’t on firm footing and
eventually decides it needs to lay off workers, your job could be one of the first to go. If you’re among the fortunates still on staff after a layoff, don’t get discouraged by the cutbacks. “Companies remember those who helped them out through a tough time,” said Gary Rich of Rich Leadership, an executive-advisory firm. Taking on more work, even if it’s not in your job description, could pay dividends down the line in terms of salary and promotions.
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