Looking for Work in a Recession
How can I tell if myemployer has financialproblems?
The days when a job was for life have long gone. Advancesin technology, relocation of resources overseas or adownward turn within an industry can have a detrimental affect in the fortunes of a company.
Some companies teeter on the edge of disaster for long periodswhilst others, seemingly profitable, can disappear off the radar without warning.Regardless of your loyalty to an employer, it's usually better to leavea sinking ship rather than risk drowning with it, so here are the signsthat you need to look out for to protect yourself and your career.
– If it appears that your manager suddenly becomes engaged in a series of meetings with thepowers-that-be, or he exudes levels of stress previouslysuppressed, then impending redundancies could be on thecards.
- Have your targets suddenly increased? Have youbeen given extra support to achieve these new targets or hasmore pressure been added to your workload? This couldindicate that the company is ‘on the market' and, as such, it istrying to increase its sale value.