No 1. Keeping your job
The likely major slowdown in consumer expenditure will mean businesses struggling to survive and a good chance of staff cutbacks. Higher unemployment means even less purchasing and therefore more job losses.
Although there isn’t much you can do in the face of wholesale downsizing, you can make some moves to try to ensure, when only a partial downsizing of staff occurs, that you are less likely to be chosen.
Demonstrate that you understand that the company is facing difficulties and make it clear you want to be flexible in order to help. Don’t resist changes that might help with survival, even if it means taking on work that wasn’t previously yours. Try to read the likely way things will go and be proactive in offering solutions in your area.
The company will want get through this period any way it can – so offer help and make sure you are still with it when it comes out of recession. In extreme circumstances part of the cost of keeping your job may entail salary cuts or at least lack of expected increases. Try to get by instead of formally complaining – it may be that you will need a personal loan to get you through until better times arrive.
