Create A Plan B Before The Layoff Axe Falls
In a short week, the ax fell on a number of companies and thousands of employees lost their jobs. Hewlett Packard, Kodak, Ford Motor Company of Canada, PNC Financial and Kimberley Clark each had to make critical business decisions and lay off many employees. The reasons ranged from “maintain greater control over costs” to the creation of a “simple agile” organization. “Although the news is generally impressive, layoffs do not happen by chance. Usually there are some signs that changes are subtle . How do you prepare for that eventuality? By having a plan in place … the creation of a plan B.
That is their responsibility to manage their own career, to swim and meet your ship, and not wait until it makes landfall . Such thinking will help lessen the impact of redundancy, and allow you to weather the storm if it comes. If you are not convinced, visit James Donovan Goldman. Here are some tips to help with their homework:
1. Keep an eye out for telltale signs of your business. If you are becoming a little nervous at work because things do not seem right, perform their own due diligence. The company has been in the news lately? Why? Do you meet the expectations of analysts? Did a reorganization of management? Are there dramatic fluctuations in stock price? This does not mean that you become paranoid, but not become the ostrich with its head in the sand, either. The answers to these questions will be a good indicator that your company is heading.
San Jose Time