During times of crisis, many companies are forced to drastically cut costs, resulting in mass layoffs and hiring freezes. If a company isn’t making money (or worse, losing money), it can’t afford to keep paying all its expenses. staff.
If you’re concerned that your job may be at risk, it’s important to be clear about your return on investment. As an employee, you need to ask yourself: “Am I saving the company money or am I making money for the company?”
Employees who save the company money or save money are often considered “essential” and are not fired even in hard times.
Want to keep your job? Here are some tips to help you keep your job during a recession.
Show them you are a money maker (or saver)
Many companies are forced to cut costs during hard times or downturns. If the company doesn’t make money, it’s losing money. As an employee, you need to be able to justify the costs of your employment if you want to keep your job. What return on investment does your employer expect?
Think about the primary functions of your job. Do you make money in some way, shape, or form? For example, email marketer Impact profits by promoting your products to win new customers and bring back old ones. Or are you saving money in some way? For example, if you work in operations, you may be responsible for making processes more efficient, so less time and money can be spent on them.
It may not be obvious at first, but if your role doesn’t help them progress in some way, companies won’t hire you.If you can identify where you really impact profits and focus on those activities, you’ll increase your chances keep a job.
Maximize efficiency and production
In uncertain times, you need to be prepared to add more food as there may be Layoffs and hiring freezesWill it be overwhelming? Yes. But in times like these, you need to figure out how to get it all done as efficiently as possible to add value (and preserve your sanity).
So make sure you prioritize effectively, focus on high-return activities that drive your work, and eliminate any distractions that might prevent you from getting your work done. Make a list of your daily, weekly and monthly tasks/projects to find out where your time sucks and work with your manager Make sure you prioritize the right things.
Make it clear what your manager expects of you
Maybe it’s time to check in with your manager to make sure you’re on the same page about what should be done. There may be some changes that will affect you, youror your team, so be sure to contact base. period high pressureyou may want to do more with less time (or less time).
Also, if your manager needs extra help, take things away from their job. Show them you’re willing to go above and beyond (without complaining) during challenging times to make their lives easier. Prove that you are an asset to the team, not a liability.
Even if you excel in your organization, there’s always a chance you’ll become part of a group lay offWhen a company is in financial trouble, it is forced to cut costs and lay off employees in order to survive. The good news is that by following the tips above, you can significantly reduce your chances of getting fired. laid off.
So, take this advice to heart – and good luck!
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This article was originally published at an earlier date.
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