Wes Bucey
Prophet of Profit
O.K.
Jim can't give specifics about his situation, but I can give general warning signs everyone should have on his watch list which should trigger some intense alertness and new job hunt activity:
In general, there are two categories of warning signs:
PRIVATE
ACTION TO TAKE
In a good economy or bad, these warning signs are telling you to get your act together and start preparing for the inevitable. With luck, you can get out BEFORE the ax falls. Even without luck, you may be prepared and can avoid the "post partum depression" which can paralyze your job hunt. Our job hunt threads
Jim can't give specifics about his situation, but I can give general warning signs everyone should have on his watch list which should trigger some intense alertness and new job hunt activity:
In general, there are two categories of warning signs:
- public or semi-public information about the company
(public being in the press or rumored among customers and suppliers,
semi-public being general knowledge among employees, but not generally known to outsiders.) - private info only YOU know (besides some bosses)
- weak earnings or even loss, resulting in big drop in stock value for publicly traded companies (like it or not, most company big wigs respond by cutting labor costs)
- rumors of, or actual implementation of, outsourcing of processes, regardless whether to domestic or off-shore locations
- acquisition or merger talks or rumors (BOTH companies usually shed "superfluous" employees)
- suppliers start complaining they are being stretched out on payments, bosses suddenly drop long-time suppliers without explanation, bosses look for every excuse to delay payment to suppliers
- customers are returning goods (more than usual), complaining of shoddy quality, short counts
- your organization's entire industry is suffering or has become obsolete (cathode ray tubes for TVs and monitors in a Liquid Crystal Diode world)
- company is having public negotiations with states or towns to relocate for tax incentives
PRIVATE
- You, personally, find yourself "out of the loop" when bosses and coworkers stop talking to you about the business of the organization; you are no longer included in meetings; when you do attend meetings, no one asks for your input and any input you offer is ignored
- you have a new boss who is "too busy" to meet and talk to you on a one-to-one basis
- Your workload and new projects suddenly get lighter, without explanation; asking for new projects gets stonewalled
- your boss is suddenly scarce around the job, always involved in secret, closed-door meetings with his bosses or peers
- you get a job transfer to an undesirable job, perhaps even a demotion, and the new job is a dead end, out of the possible promotion conveyor belt
- if you are a supervisor, the pool of your reports is downsized without your input
- you find yourself on the receiving end of disciplinary reports [and penalties] when it seems to you that you haven't changed at all (they seem like "nitpicking.")
- If you used to regularly travel to see customers and suppliers, suddenly, you are removed from that and any communication with customers and suppliers is forced to "go through channels"
- You are asked to take a pay cut (pay cuts are really the kiss of death) - by suggesting it, the bosses are telling you you are less valuable to the company; by accepting it, you are admitting you are less valuable. Instead, offer to reduce hours, but at the same pay (a four day week instead of five, not fewer hours per day) - your logic should be: "If there's less work, I still have the same value for the work I do, why hang around if I can do the job in four days instead of five? We can add back the day when we get more work." JUST BE SURE TO KEEP ANY BENEFITS! If you have to work "X" hours per week to qualify, make sure you get those in.
- If you notice things not generally observed by coworkers (a copy left in the copy machine of a proposal for a security firm to supply guards may be a hint there will be a mass layoff with guards present to maintain order and escort laid off folks off the premises.) An order for TSA-type metal detectors may or may not be accompanied by some blather about "increased security" for employees, but the real reason is often advance thinking of security for the bosses from some deranged ex-employee pushed over the edge by a layoff.
ACTION TO TAKE
In a good economy or bad, these warning signs are telling you to get your act together and start preparing for the inevitable. With luck, you can get out BEFORE the ax falls. Even without luck, you may be prepared and can avoid the "post partum depression" which can paralyze your job hunt. Our job hunt threads
are a good place to start, but don't rely on them exclusively. As always, I recommend "What Color is Your Parachute?" (http://www.jobhuntersbible.com/) as a fair source of information.Thinking about a New Job for New Year?
http://elsmar.com/Forums/showthread.php?t=19619
Resume and cover letter - How good are yours?
http://elsmar.com/Forums/showthread.php?t=10169
The Job Hunt - Care and feeding of references
http://elsmar.com/Forums/showthread.php?t=19094
Tips to get past the "gatekeeper" when job hunting
http://elsmar.com/Forums/showthread.php?t=9325
Last edited: