5 Tips For Job Protection
This current job environment is a whole new ballgame for us of the
Generation Y grouping. No more storming out of poorly paying jobs or
figuring the job would be waiting for us when we felt like returning;
this is a time of holding onto what we have and not rocking the boat too
much. It’s been a steep learning curve, but Nicola Pederson-McKinnon
with the Sydney Morning Herald has some good tips on how protect your
income and employment in tough economic times.
Be Cooperative
I feel conflicted, because bad working conditions should never be
allowed, no matter the current state of the economy. I’ve seen too many
examples of people putting up with outrageous situations because they’re
concerned about losing their job. So while it’s a great idea to become
an indispensable part of the team, I’m not suggesting that rocking the
boat is out of bounds either. Indispensable doesn’t mean undermining
your co-workers. Rather, it’s about working on your particular set of
skills and ensuring that they complement and enhance the final effort.
Don’t be too modest about it either. If you’ve done something great, it
doesn’t hurt to keep a record.
Look To The Future
Sure, we all hope our businesses will never fail. But some of them
will, so looking ahead is a good safeguard. If you’ve got serious
concerns about the safety of your employer, you could look at what other
options in the industry are available. Tough economic times are always a
good point to invest money as well, primarily in upskilling or getting
the next impressive piece of paper.
Career Change?
The market is moving swiftly and, luckily for Generation Y, we’re
adept at changing from job to job and career to career. As the job
markets change, some tried and true industries might be hiring less,
while new industries will be desperately short of skilled workers.
Following on from further education and skill development, you could
look at new opportunities opening up. Pedersen-McKinnon suggests
biotechnology, online education and health will be booming industries,
with resources, agriculture and tourism still affected by a skills
shortage.
Moving On
Along with the possibility of more than one career is the possibility
of a new home. While youth unemployment is rampant in Australia, there
are plenty of jobs in less-populated areas. So if you’re looking at
jumping ship, why not think about moving somewhere new for a while and
saving some money that way? Certainly if you’re working in resources, it
can be a financially savvy move.
Protect Yourself
Never more has an emergency fund been a crucial piece of your armour.
It allows you to take opportunities, make tough decisions and have some
breathing space should you need to change jobs. Pedersen-McKinnon also
suggests investigating the value of income protection insurance.
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