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Looking for Work in a Recession

Looking for Work in a Recession

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Published by Monster UK
Whether you've been made redundant or just can't find a job, this eBook is full of advice to help out jobseekers during a difficult economic climate.
Whether you've been made redundant or just can't find a job, this eBook is full of advice to help out jobseekers during a difficult economic climate.

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Published by: Monster UK on Aug 12, 2009
Copyright:Attribution Non-commercial

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08/12/2011

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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.
Closed-door meetings
 – 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.
Targets
- 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.
 
Check the stock market
- Look at the profits of your company – the information is freely accessible if your employer is listed on the stock exchange. If there is a suddenunexplained spate of executives selling their stocks andshares, it's a bad sign.
Look around the office
- Sometimes the signs that there istrouble ahead are more obvious than you may think. Watchout for changes in company procedures with a focus onsaving money. Has business travel or client entertainmentbeen stopped or cut-back? Do you now have to get your expenses signed off by a higher member of staff?
Previous lay-offs
- If there have been lay-offs in the pastthen it is likely there will be more in the future. Traditionally,employers would make redundancies in one foul swoop but,increasingly, organisations are favouring the little-by-littleapproach.You have to consider your own interests first. If you get a bad feelingthat all is not well, there is probably a good reason for it. Trust your instincts and do some investigative work to satisfy your suspicions.After all, knowledge is power, right?
‘Grass is Greener’ eBooks
Keep informed…
Whether you’re looking for a new job or if you’re just looking tofind out the general state of the market, our Employment News tool will help you up-to-date with what's going on in the world of recruitment and employment.

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