Job Security or Insecurity?

For years, job security has long been a thing of the past.

Our parents and grandparents worked at the same job

How secure is your job?

How secure is your job?

for most of their lives.

In the last decade, companies found cheaper labor in foreign countries. Employees in the United States found themselves training replacements from India. Many were promised bonuses and severance packages as long as they worked through the transition.

What a deal.

As if outsourcing wasn’t enough, job security has taken another hit in recent weeks.

The economy of the United States and the world has taken a turn for the worse. What started in the financial sector has spread to the broader economy. Companies that trust in lines of credit to meet payroll and buy supplies are now finding themselves unable to function. Inevitably, people will begin losing jobs.

Now is not the time to stick your head in the sand.

You need to take steps now to protect yourself financially. Being prepared for possible job loss does not mean you have to quit tomorrow. Instead, you want to keep your options open in the event that you need to find a job later on.

If you haven’t done it already, stash away a few months worth of paychecks in a savings account.

Save as much as you can.

Next, update your resume and start networking with your friends. Most jobs go to people who know someone internally.

Finally, being prepared does not mean getting stressed out and worrying.

If things are weighing too heavily on you right now, confide in someone you trust or get professional help. The last thing you need at a time like this is to be hampered by depression.

Don’t just sit there worrying - it’ll keep you busy, but it won’t get anything accomplished.

Instead, jump into action! You’ll feel better, and you might just be amazed by the results.

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