Safeguard your job in slowing economy

Jappreet Sethi

In 2019, we see an impending slowdown in hiring across the sector and countries. A volatile economy can result in downsizing and job cuts. With trade war being the new way to show nationalism, the entire global supply chain is getting impacted, and leaders continue to show their supremacy by increasing tariff.

The tech sector, too, had a slowdown. Considering such numbers, it’s likely that you are worried if there’s a remote chance of you being laid off. So here are some strategies that might just help you sustain these tough times.

Get flexible

While you may have said no to over-time and Saturdays earlier, in a slow economy it’s best to show a bit of flexibility. Doesn’t mean you should be a push-over — just avoid saying no that often. 

Prioritise and accommodate the needs of your colleagues and peers accordingly. With rapid downsizing, there’s a chance that work pressure may increase slightly. But if you weigh the pros and cons, you may still be better off in your current job rather than struggling to find a new one.

Learn new skills

It’s the right time to learn new skills and improve your portfolio. Learning new technologies is always an added bonus. Try to identify what skills can help you enhance productivity or contribute positively towards the company. A new skill could not only boost performance, but it also shows you in a new light.

Along with this attempt to

• Improve relationships with colleagues and seniors
• Don’t be obsolete, stay involved and contribute to work tasks
• Be positive and encourage to strive harder and stick together during tough times

Make sure you stay busy

When the economy is slow, projects seem to trickle down, and it could mean that you may also have some extra time in your hand. Use the spare time creatively and lucratively. Ask the HR to assign tasks that could be up your alley or get involved in helping another department. As mentioned earlier, learning a new skill would make you a valuable asset to the company. 

Don’t complain

Last but not the least, now is not the time to be a complainer and keep grumbling. Yes, there could be no hike or bonus this year. Remember, many others are waiting for the opportunity to grab your job. An excellent way to start would be practicing gratefulness. “I can” and “I have to” will help you stay motivated.

 Keep in mind that during an economic slowdown, there’s a chance that finding a new job could be difficult let alone getting a similar pay package or perks. Your best bet is to stay put in this situation and try your best to keep your job. As the economy recovers, your colleagues and boss will not forget your positive and go-getter attitude through this lull period.

Build a rapport

While striving for excellence is something that you have always aimed for, it’s time to do a little extra. It’s not always about getting results. Like-ability in the workplace can help you stay put. Building a good rapport with your colleagues, being a team player, and also taking initiatives are a few things that can help you get noticed. 

During a slow economy, this could be enough to hope you stay afloat. For example, you can try volunteering for extra work or help an over-worked colleague. Load-sharing can undoubtedly help you go places. 

— The writer is an HR & strategy consultant www.humanresourcesblog.in