Layoffs have become a standard part of the working world. There are signs of layoffs so you don’t have to be caught off guard. Check out 6 Signs layoffs are coming.
The term layoff instills a sense of doom in any employee in the working world. They also seem to be more common in this current economy. Companies are focusing more and more on rapid growth and they even plan to have reductions in employees eventually. The good news is, you can learn to recognize the signs of layoffs, so you aren’t caught off guard. If you are prepared for layoffs, they won’t seem so scary and you can plan for your next steps.
Six Ways to Recognize Impending Layoffs
Whether it’s due to an economic downturn, or your company’s revenue dropping (or both), financial loss is usually one of the first signs of layoffs. 38% of small businesses that fail, do so because of a lack of cash. Be sure to participate in all company meetings and pay attention to their revenue goals, and whether the company is meeting them. A lot of times, those of us who are not in upper management like to bury our heads in the sand. Or maybe we don’t think the finances are our problem. This could not be more wrong. If you notice projected earnings are not being met, it is a good idea to take stock of your role and the value you add to the company’s bottom line. Companies love to tout that revenue is not their only objective, but it will serve you to remember that money talks. Your company will not keep you on because they love you. They will do what is best for their bottom line. They are a business after all.Read More