As inflation and interest rates continue to rise, it is looking more and more like a recession is looming around the corner. As a result, people are scared of the possibility of getting laid off from their jobs. Now is the time to pay attention to the things you can do to maintain your job, even during a bad economy.
The key to avoiding a layoff is increasing your value to your organization. One way to do this is by shifting out of positions that cost the company money and into positions that instead make the company money.
Revenue trumps all, which means the last people to get laid off are those who bring money to the company. To be safe, migrate toward the sales department or a sales-based role such as a cloud architect, enterprise architect, solution architect, sales engineer, or any position that could increase the company’s overall revenue. This can keep you safely employed in a down economy.
What can you do if you are not a part of the sales team? Regardless of your job position, be likable. Those who are not socially connected are typically the first to get laid off when staff cuts happen. Work on your attitude, your energy, and your enthusiasm. Show the hiring manager that you care about their team, the people on that team, and the people in their company.
Another way to avoid a potential layoff is by volunteering to be a part of bigger company projects, especially the difficult, high-profile projects that no one else wants to be involved with. Why? If you are working on a big project when layoffs must be made, management most likely will not want to lose your contribution to the project. If it is a critical project and you are a key contributor, they will not be able to afford laying you off.
