Layoff Readiness
Layoff has become a norm. We observe that many companies fire bulk
of employees. Automation, Robotics and Cloud business are important factors
which are causing huge layoffs.
This is a new paradigm shift which all of us will be observing for
a couple of years. How to perp yourself to make sure you are not laid off. To
make sure that you are not the soft target you should know your Boss
Compatibility Matrix. If your boss compatibility matrix is negative then
you could be a soft target for the next layoff and hence work on the below
guidance.
Job-Flip Preparedness Guidance
- Are you relevant in the current market, if not
then focus on your technical and domain skills?
- Are you prepared for the interview? Working and
interview preparation are different so focus on your interview
preparation. Good article on INTERVIEW QUESTIONS AND
ANSWERS can give you a glimpse how interview
could be different from office work.
- Are you expecting your bonus in next two or three
months? If yes then are you aware how much bonus are you expecting? If it
is not huge amount then better to flip the job now because after bonus
cycle there will be more competition.
- Did you submit your resume to all the important
job seeking sites? There are couple of sites which have better
functionality than others eg some seekers like dice, some
like careerbuilder while other like naukari.com. Great link to know
about which site is better.
- Are you ready to relocate? If not then you are
limiting your options. If you are on rent then my suggestion is to remain
open for the relocation if you don't have other huge dependencies.
- Job gives you paycheck so make sure you are ready for the next interview if you need. Interview advice and tips at Link can be used for hiring interview or exit interview. There are many free online interview training that could also be helpful from interview strategies point of view.
Personal Guidance
- Do you have enough liquidity to survive if you
are laid off? If you don't then you should figure out what expenditures
could you stop, what are other options of saving, how could you avoid late
fees on any credit card or utility bills.
- Do you have your own house or live on rent? If
you live on rent then it will really bite your pocket right after lay off.
Make sure that you provision enough money for at least next couple of
months.
- Do you have a huge credit card bill to be paid?
Make sure you transfer your bill to another card to buy time or pay at
least minimum so that it doesn't attract the late fees.
- Are you married and have family? If yes then
there could be other liabilities as well which you should focus on eg
school fees, school session, entertain wife and kids, visit close relatives
etc.
- Are you healthy? If not then make sure you start
healthy practices ie Yoga, multivitamin tablets etc which will help you
manage stress.
Disclaimer: This is a personal blog. Any views or opinions represented in this blog are personal and belong solely to the blog owner and do not represent those of people, institutions or organizations that the owner may or may not be associated with in professional or personal capacity, unless explicitly stated. Any views or opinions are not intended to malign any religion, ethnic group, club, organization, race, gender company, or individual.
Along
with technical learning I would like to share some great articles for anyone
interested in the betterment of his/her family life
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Parental guidance on how to
handle child when they show their first infatuation at elementary school
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