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8 Ways To Tell If Your Job is At Risk

8 Ways To Tell If Your Job is At Risk

    It’s Friday! And while that may mean TGIF parties for many of you, Friday is also a day that is commonly considered the “best” day to lay off employees. Some companies are very good at keeping internal restructuring under wraps. However, there are often a few warning signs that indicate that your job (or even your whole division) may be at risk. Will your Friday night end with winks and beers or drinks and tears? Read on to find out if your job might be at risk.

    1. Watch the Markets

    If you work for a publicly traded company, it’s important to track the price of your company’s stock. The rise and fall of a stock isn’t a perfect barometer for predicting layoffs, but it can often be an early indicator.

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    You should also make an effort to track your company’s profit margins, whether or not you own stock in the company. If you see sharp drops in any quarter, brace for impact.

    2. Keep Tabs on Other Locations

    If your company operates out of multiple locations, keep your ear to the ground and stay abreast of any hirings and firings at other branches. Your market may be different from the other branches, but what happens at one branch is likely to happen at another branch.

    3. Look Out for New Faces

    In the movie Office Space, you know things are about to go south for Initech when two consultants show up and start to separate the wheat from the chaff. If your company starts hiring consultants, or creates a new directorial position that seems like it could also be used to cull jobs from your organization, this can be a warning sign that there are cuts in your company’s future.

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    Another type of fresh face to keep an eye out for are security guards at your building. The larger the company you work for, the more likely it is that your employer will hire extra security guards in the event that a laid off employee freaks out and needs to be escorted off the premises.

    4. Look for WARNings

    According to online job search expert Susan Joyce, you may be able to get up to two months of advance notice if there is a mass layoff in your company’s future.

    “In the US, companies meeting certain specifications are required to provide 60 days notice to affected workers and local governments in advance of plant closings and “mass layoffs.” This is a requirement of the WARN (Worker Adjustment and Retraining Notification) Act. A WARN notification is required if more than 500 people (or 33% of the “active workforce”) are being laid off. Check your state’s Department of Labor (or whatever it is called in your state) to see the notices that have been filed by employees in your state.”

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    5. Executive Meetings Becoming More Frequent

    If you hear tell that the execs from 5 different branches from all over the country are meeting with increased frequency, this is definitely a signal that there is something important worth talking about. It isn’t always a bad thing…but if there is a sudden increase in the frequency of these meetings, that might signal that the thing being talked about has urgent financial ramifications.

    6. Your Hours or Pay Are Reduced

    Before flat-out firing people, some companies prefer to offer pay cuts or reduced hours to their employees as a preliminary measure to cut costs. If this happens to you, or happens to other people in the company who are at your pay grade, this should set off some warning bells. On the plus side, you may be eligible for part-time unemployment benefits, depending on your state’s laws, which can cushion the blow while you look for a new full-time position.

    7. It’s Been Ages Since You Got New Office Supplies or Technology Upgrades

    A company in financial trouble will likely cut back on office supplies, which might range from pens and paper to desktop computers and company-provided phones. If the office itself is starting to look run down and like its in need of an upgrade, it’s indicative of excessive belt-tightening measures.

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    8. Your E-Mail Suddenly Gets Managable

    According to Brian Satterfield of HRWorld, a sudden change in the volume of your e-mail is never a good sign.

    “A sudden, pronounced and prolonged drop in the volume of email you receive may be a welcome respite from communication overload, but it also might mean that key projects that would have normally been assigned to you are being handled by employees that the company sees as key to its future. Meaning, not you.”

    Conclusion

    Friday is actually a terrible day to fire people, according to Karen Lucas, a Chicago executive coach. She says that firing employees on a Wednesday is better because they don’t have to wait for two whole days to start their job search or apply for unemployment.

    We hope that these warning signs have been helpful, and we hope that everyone reading this has a long, happy career at their current company.

    Have you recently been fired or laid off? What warning signs did you notice before you got the axe? Tell us in the comments below!

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    Tucker Cummings

    Writer and social media professional sharing productivity tips on Lifehack.

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    Last Updated on December 3, 2019

    7 Powerful Steps to Achieve Career Success

    7 Powerful Steps to Achieve Career Success

    I often hear people say, “I want to be successful but don’t know where to start” or “I’ve achieved career success yet I’m not happy.” And then I ask, “what does career success mean to you?” And many have a hard time articulating their response with much conviction.

    It’s common that people lack clarity, focus, and direction. And when you layer on thoughts and actions that are misaligned with your values, this only adds to your misdirected quest to achieve your career success.

    A word of caution. It’s going to take some time for you to think about and work on your own path for career success. You need to set aside time and be intentional about the steps you take to achieve career success. In my opinion, this step-by-step guide is apart of your life philosophy.

    1. Define Career Success for Yourself

    Pause. Give yourself time and space for self-reflection.

    What does career success mean to you?

    This is about defining your career success:

    • Not what you think you ‘should’ do
    • Not what people may think of you
    • Not adjusting to friends and family’s judgements
    • Not taking actions based on societal or community norms

    “A flower does not think of competing to the flower next to it. It just blooms” – Zen Shin

    When you strip away all your external influences and manage your inner critic, what are you left with? You need to define career success that best suits your life situation.

    There’s no fixed answer. Everyone is different. Your answer will evolve and be impacted by life events. Here are a few examples of career success:

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    • Work-life balance
    • Opportunities for growth and advancement
    • Feeling valued that my contributions had an impact

    Now even as you reflect on the examples above, the descriptions are not specific enough. You’ve got to take it deeper:

    • What do you mean by work-life balance?
    • What do you consider to be opportunities for growth and advancement?
    • How do you like to be recognized for your work? How do you know if your contributions have had an impact?

    Let’s take a look at some potential responses to the questions above:

    • I want more time with my family, and less stress at work
    • I want increased responsibilities, to manage a team, a higher income, and the prestige of working at a certain level in the company
    • I’d like my immediate leader to send me a thank-you note or take me out for coffee to genuinely express her or his gratitude. I’ll know I’ve made an impact if I get feedback from my coworkers, leaders and other stakeholders.

    Further questions to reflect on to help narrow the focus for the above responses:

    • What are some opportunities that can help you get traction on getting more time with your family? And decrease your stress at work?
    • What’s most important for you in the next 12 months?
    • What’s the significance of receiving others’ feedback?

    Now, I’m only scratching the surface with these examples. It takes time to do the inner work and build a solid foundation.

    Start this exercise by first asking what career success means to you and then ask yourself meaningful questions to help you dig deeper.

    What types of themes emerge from your responses? What keywords or phrases keep coming up for you?

    2. Know Your Values

    Values are the principles and beliefs that guide your decisions, behaviors and actions. When you’re not aligned with your values and act in a way that conflicts with your beliefs, it’ll feel like life is a struggle.

    There are simple value exercises that can help you quickly determine your core values. This one designed by Carnegie Mellon University can help you discover your top 5 values.[1]

    Once you have your top 5 values keep them visible. Your brain needs reminders that these are your top values. Here are some ways to make them stick:

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    • Write them on cue cards or notes and post it in your office
    • Take a picture of your values and use it as a screensaver on your phone
    • Put the words on your fridge
    • Add the words on your vision board

    Where will your value words be placed in your physical environment so that you have a constant reminder of them?

    3. Define Your Short-Term and Long-Term Goals

    When writing your short-term and long term life goals, use the SMART framework – Specific Measurable, Attainable, Relevant, and Time-bound. Treat this as a brainstorming exercise. Your potential and possibilities are limitless.

    How you define short-term and long-term is entirely up to you. Short-term can be 30 days, 90 days, or 6 months. Maybe long-term goals are 4 months, 1 year, or 10 years.

    Here are a few self-reflection questions to help you write your goals:[2]

    • What would you want to do today if you had the power to make it the way you want?
    • If no hurdles are in the way, what would you like to achieve?
    • If you have the freedom to do whatever you want, what would it be?
    • What type of impact do you want to have on people?
    • Who are the people you most admire? What is it about them or what they have that you’d want for your life or career?
    • What activities energize you? What’s one activity you most love?

    Remember to revisit your core values as you refine yours goals:

    • Are your goals in or out of alignment with your core values?
    • What adjustments do you need to make to your goals? Maybe some of your goals can be deleted because they no longer align with your values.
    • How attainable are your goals? Breakdown your goals into digestible pieces.
    • Do your short-term goals move you towards attaining your long-term goals?

    Get very clear and specific about your goals. Think about an archer – a person who shoots with a bow and arrows at a target. This person is laser focused on the target – the center of the bullseye. The target is your goal.

    By focusing on one goal at a time and having that goal visible, you can behave and act in ways that will move you closer to your goal.

    4. Determine Your Top Talents

    What did you love doing as a kid? What made these moments fun? What did you have a knack for? What did you most cherish about these times? What are the common themes?

    What work feels effortless? What work do you do that doesn’t seem like work? Think about work you can lose track of time doing and you don’t even feel tired of it.[3]

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    What are your desires? Try it out. Experiment. Take action and start. How can you incorporate more of this type of work into your daily life?

    What themes emerge from your responses? How do your responses compare to your responses from the values exercise and your goals?

    What do you notice?

    5. Identify ‘Feeling’ Words You Want to Experience

    Do you have tendencies to use your head or heart to make decisions?

    I have a very strong tendency to make rational, practical, and fact-based decisions using my head. It’s very rare for me to make decisions using my emotions. I was forced to learn how to make more intuitive decisions by listening to my gut when I was struggling with pivotal life decisions. I was forced to feel and listen to my inner voice to make decisions that feel most natural to me. This was very unfamiliar to me, however, it expanded my identity.

    Review this list of Feeling Words. Use the same technique you use for the values exercise to narrow down how you want to feel.

    Keep these words visible too!

    Review your responses. What do you observe? What insights do you gain from these responses and those in the above steps?

    6. Be Willing to Sit with Discomfort

    Make career decisions aligned with your values, goals, talents and feelings. This is not for the faint hearted. It takes real work, courage and willingness to cut out the noise around you. You’ll need to sit with discomfort for a bit until you build up your muscle to hit the targets you want.

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    Surround yourself with a supportive network to help you through these times.

    “These pains you feel are messengers. Listen to them” – Rumi

    7. Manage Your Own Career

    Not to be cynical, but no one can make you happy but yourself. If you don’t take control of your career and manage it like your own business – no one will.

    Discern between things that you can control and what you can’t control. For example, you may not be able to control who gets a promotion. However, you can control how you react to it and what you’ve learned about yourself in that situation.

    Summing Up

    For many who have gone through a career change or been impacted by life events, these steps may seem very basic. However, it’s sometimes the basics that we forget to do. The simple things and moments can edge us closer to our larger vision for ourselves.

    Staying present and appreciating what you have today can sometimes help you achieve your long-term goals. For example, if you’re always talking about not having enough time and wanting work-life balance, think about what was good in your work day? Maybe you took a walk outside with your co-workers. This could be a small step to help you reframe how you can attain work-life balance.

    Remember to take time for yourself. Hit pause, notice, observe and reflect to achieve career success by getting deliberate and intentional:

    1. Define Career Success for Yourself
    2. Know Your Values
    3. Define Your Short-Term and Long-Term Life and Goals
    4. Determine Your Top Talents
    5. Identify ‘Feeling’ Words You Want to Experience
    6. Be Willing to sit with Discomfort
    7. Manage Your Own Career

    “When you stop chasing the wrong things you give the right things a chance to catch you.” – Lolly Daskal

    Good luck and best wishes always!

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    Featured photo credit: rawpixel via unsplash.com

    Reference

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