In A Recession Does Job Security Exist?
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Is my job secure? is a question that is hot on everyone lips right now. It’s a good question and with the worldwide recession there is every reason to be concerned about your job security. But does job security really exist.
In the western world, which generally operates according to the principle of supply and demand (either real or artificially created), the following factors determine how much we get paid:
- the demand for the type of job we do;
- how well we do our jobs;
- how difficult it would be to replace us.
As one of the results of the rapid changes in the way modern companies operate in the harsh ecomonic climates, long-term employment is disapearing, leaving those unprepared for such a change in confusion. We simply cannot rely on our employers to take care of us until we retire.
Therefore, the only security you can count on has come from within yourself. It is based in your knowledge, skills and know-how. In order to succeed in life you have to take time and make the effort to improve your education and acquire skills that are in demand by employers. In todays business climate on point should be emphasised.
“There is no such thing as a secure job”
Some naive players in the job game think their jobs are “for life”. The sense off security that existed in the past. They Falsely presume that:
- their jobs won’t change
- their jobs will always exist;
- the employers will feel grateful for their (employee) achievements in the past;
- the employers will take care of their careers, promote them and reward them for a job well done;
- if they lose their jobs , the employer will employ them back as soon as the hard times are over;
The reality is very different. In todays corporate world “Big Business” is interested only in their profits and the return to their shareholders and investors. They are too busy to think about you and your family. If things start to go wrong, for whatever reason, you will given two weeks notice (or a month, if you are lucky).
For us, ordinary mortal souls, the only comforting thought in the whole story is the fact that everybody is in the same boat, from cleaners to CEOs. Whole lines of management are disapearing, professionals (engineers, lawyers, accountants) are being retrenched; the axe falls on all layers of the corporate structure. No one can escape it.
So, like it or not, you had better start to like living dangerously as the ecomonic climate is not going to get any better until at least 2011. If you don’t already enjoy it, force yourself to accept challenge and uncertainty. Try to conquer the symptoms of the “Ostrich Syndrome”. Don’t bury your head in the sand. You can use it for better purposes - to observe the job market around you, not the trends, make conclusions and plan your actions.
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