Employees are not supposed to know, yet you have a gut feel that something is up. There are way too much meetings, some vacant jobs are not filled in, and purchases from vendors are delayed. Usually the employees don’t get the share in the business’ internal affairs, so you have to recognize the hints if your company is about to fold and you might be laid off. this way you can prepare for the worst.
- Insanely Low Product Prices
The big bosses are desperate to make sales to keep the cash flowing. The sales department are forced to search for more prospect buyers, the longer contracts are must be secured above all else, and they keep on pushing clients for early payments. Aside from that, your employer approved the sales of products at the lowest price and even throwing in insane freebies just to make sales such as buy one printer and get another one absolutely free.
- Cost Cuts
Supply for papers for copying machines had long dried out before being replaced by lower quality papers. Your planed trainings for the year have been cancelled, vendors are not paid on time and your salary is suddenly late.
- Promotions after Lay-offs
After the heartbreaking lay off, the survivors are promoted. While it is good for the resume, brace yourself for the workload fit for 10 people or else you are the next in line to be laid off. The company has to keep up with the productions, you have to handle jobs from different departments.
- Sudden Bookkeeping Surge
If your company suddenly became interested in bookkeeping and orders everything to be put on paper, then they are looking for the hole if not a scapegoat. They need to see what had gone wrong, what could be the possible solution or who is to blame.
- Mass Resignation of Senior Leaders
Senior leaders enjoy high salary. They are also the ones who keep the high morale of the rest of the employees, however if they had suddenly decided to leave one after the other and the level of competence had gone down the drain, you should know that it is not because they all received better job offers simultaneously. They know the company is about to fall and they are not receiving what they think they deserve.
You might get some news saying the competitors easily got hold of the key accounts you used to cater. And when you check the social accounts of your senior leaders, you saw some messages hinting that they are not happy in their jobs anymore or the industry has been waning for some time.
- Selling Shares
The directors have suddenly put their shares in the markets and the prices won’t get any lower. This has to ultimately set off some alarms that they are losing hope in the company and making a desperate move to escape as soon as possible.
With these given hints, it does not hurt to prepare yourself for job seeking.
- Start looking for job openings online, on the competitor’s career pages and ask your friends on the same line of career.
- Make sure that you pay your financial responsibilities as much as possible. If this may be hard for now, try to get in touch with your bank or loan providers and seek possible ways to go around it.
- Having gained much experience, you may not have any idea on how much should your salary be. You can try checking in PayScale Salary Survey.
The resume is your first representative to your future employer. Here are some tips to make an outstanding resume.
- Have a cover letter that looks professional, neat, and concise containing your request for an interview, self-introduction, your strengths, value and background.
- Keep your resume brief, concise and on points.
- Grab your potential employer’s attention with the first few lines backed up with relevant details. Make sure that the resume is made especially to fit the job you are eyeing. Highlight accomplishment, skills and experience related to your target position.
- The hiring managers won’t take too much time browsing your resume, put the most impressive qualifications on the first page.
- As a standard rule, limit your resume up to 2 pages of A4 paper.
- Ask two professional friends to read your resume and give some feedback.
- Read your resume the next day before you send it to your potential employers.
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