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Tips and Strategies for protecting yourself from a layoff and improving your job security

Preparing for the unexpected: How to safeguard your career in the face of a layoff

By Success Starts Here Published about a year ago 5 min read
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Tip #1 Keep yourself updated and better prepared for the possibility of a layoff.

  • Stay informed about the company's financial performance and industry trends. This will give you a sense of the company's overall health and whether it may be at risk for layoffs.
  • Keep up with changes in the company's organizational structure and leadership. This will help you understand how the company is evolving and where your role fits in.
  • Continuously develop your skills and experience. This will make you more valuable to the company and increase your chances of being retained during a layoff.
  • Network with your colleagues and stay connected to the industry. This will help you stay informed about job opportunities and potential employers.
  • Be open to change and be flexible in your approach to work. Companies may be more likely to retain employees who are willing to take on new responsibilities and adapt to changing circumstances.
  • Be proactive and take initiative, volunteer for new projects and assignments.
  • Be aware of the company's policies and procedures regarding layoffs, and familiarize yourself with your rights and benefits if you are laid off.
  • Seek feedback from your manager and colleagues about your work and performance, and use this feedback to identify areas for improvement.
  • Work on personal branding, have a strong online presence, have your portfolio, blog or website.
  • Stay positive and maintain a good attitude, even in difficult situations. This will help you stay motivated and focused during a layoff, and will make it easier to find a new job.

Tip #2 Having multiple sources of income can be a great way to protect yourself from the financial impact of a layoff.

  • Start a side business or freelance work. This can include consulting, coaching, web design, writing, or any other service that you have expertise in.
  • Invest in stocks, bonds, or real estate. These investments can provide passive income over time.
  • Rent out a room in your home or property on short-term rental platforms like Airbnb.
  • Get into affiliate marketing, by promoting other people's products, you can earn a commission.
  • Offer tutoring, teaching, or coaching services.
  • Participate in online surveys or sign up for paid research studies.
  • Create and sell digital products like e-books, courses, or stock photography.
  • Invest in a rental property or become a landlord.
  • Create and monetize a YouTube channel or podcast.
  • Participate in the gig economy by driving for a ride-sharing service or delivering food.

Tip #3 Creating a network of industry contacts can be a valuable way to protect yourself from a layoff.

  • Attend industry events and conferences. This is a great opportunity to meet and connect with other professionals in your field.
  • Join professional organizations and associations. These groups often have networking events and opportunities to connect with other members.
  • Use LinkedIn to connect with other professionals in your industry. You can also use LinkedIn to find and join groups related to your field.

  • Reach out to people you've worked with in the past. This includes former colleagues, supervisors, and clients.
  • Volunteer for industry-related projects or causes. This is a great way to meet and work with other professionals in your field.
  • Consider mentoring or being mentored. This will help you build relationships with more experienced professionals who can offer guidance and advice.
  • Network with alumni from your college or university.
  • Look for opportunities to speak or present at industry events. This will help you gain visibility and credibility within your field.
  • Participate in online forums or groups related to your industry.
  • Be generous with your knowledge and expertise. Offer to help others with their projects or challenges, and you'll be more likely to receive help in return.

Tip #4 Keeping your skills up to date is an important way to protect yourself from a layoff.

  • Take online classes or tutorials. There are many free and paid resources available online, such as Coursera, Udemy, and Khan Academy, that can help you learn new skills.
  • Attend workshops or seminars. These events can provide you with hands-on training and the opportunity to learn from experts in your field.
  • Read industry publications and stay current on the latest trends and technologies.
  • Participate in hackathons, coding competitions, or open-source projects.
  • Get certified in your field. This can demonstrate your expertise and commitment to your profession.
  • Look for opportunities to shadow or work with more experienced professionals.
  • Learn a new programming language, framework or tool that is in demand.
  • Join a study group or mentorship program.
  • Attend meetups, conferences and industry events.
  • Volunteer for new projects or assignments that will help you learn new skills.

Tip #5 Being proactive in your job search can help you be better prepared for a layoff and increase your chances of finding a new job quickly.

  • Keep your resume and online profiles up to date. Make sure that your resume is tailored to the types of positions you are interested in, and that your online profiles (e.g. LinkedIn) accurately reflect your skills and experience.
  • Network with people in your industry. Connect with other professionals in your field, and let them know that you are looking for new opportunities.
  • Use online job search tools. Use job search engines and job boards to find open positions that match your skills and experience.
  • Reach out to recruiters and headhunters. They can help you find job opportunities that may not be publicly advertised.
  • Look for opportunities to work for yourself. Consider starting your own business, freelancing or consulting.

  • Research companies you are interested in. Learn about the company's culture, values, and goals, and tailor your resume and cover letter accordingly.
  • Be prepared for interviews. Practice answering common interview questions and have some examples of your previous work ready to share.
  • Be open to new opportunities. Keep an open mind and be willing to consider positions that may be different from what you have done in the past.
  • Be active on social media, join groups, participate in discussions, and be visible.
  • Be patient, don't rush into the first job opportunity, take your time to evaluate the opportunity and make the right decision.

Tip #6 Considering an alternate career path can be a valuable way to protect yourself from a layoff, and also open new opportunities for growth and development.

  • Assess your skills and interests. Identify the skills and interests that you have developed in your current career and consider how they might be transferable to other fields.
  • Research different industries and roles. Learn about the different types of jobs and industries that are available and which ones align with your skills and interests.
  • Network with people in different fields. Connect with professionals in fields that you are interested in and learn about their experiences.
  • Try a new field through internships or volunteer work. This can provide you with hands-on experience and help you determine if the field is a good fit for you.
  • Take classes or complete a certification program in a field that interests you.
  • Consider starting your own business or becoming an entrepreneur.
  • Join a mentorship program or find a mentor in the field you are interested in.
  • Be open to part-time or flexible work arrangements.
  • Take advantage of the resources and support offered by your current employer, such as career development programs or outplacement services.
  • Be realistic about the job market and the requirements for a new field. It's important to understand that a career change may require additional education, training or experience.

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