If you want to avoid suffering redundancy it’s often quite easy to tell when layoffs might be likely to occur. By looking out for the following signs, you can be ready for redundancy and have your CV polished up so you are ready for the next career challenge.
Are People Leaving But Not Being Replaced? Whenever a company is having money troubles one of the first signs is the euphemistically titled ‘natural wastage’ If someone leaves the company but is not replaced, this can provide real savings without morale sapping redundancies. While the ‘Natural Wastage’ might provide some of saving the company is looking for, it is rarely a good sign for the employees. If you find yourself receiving more work from colleagues who have left it might be an early warning of the potential for redundancies.
Is the Management Being Restructured? Most companies think a quick reshuffle of the senior management will solves an ailing business’s problems. If your company has recently moved round its top managers, it might be an indication of potential trouble. On it’s own it doesn’t guarantee layoffs are going to happen, however when combined with these over circumstance it can certainly be a clue.
Has the Company Been Taken Over? Downsizing is a definite possibility if another company has purchased your employers business. A new owner might have a different understanding of who is essential to the business. If they have paid over the odds for the company they are even more likely to be looking for cost savings which can come in the form of job losses.
Is Gossip Going Round About Redundancy? While you can’t normally trust the company gossip merchant it is worth keeping updated on the water cooler conversations as it can give you another early warning. It’s always worth taking the gossip with a pinch of salt but there rarely is smoke without fire.
Have You Been Receiving More Written Feedback? If your company is considering dismissing you or making you redundant it’s likely you will have been receiving more written than oral feedback than usual. This gives the company a paper trail, should you consider approaching an employment law solicitor. So keep your eyes open for a sudden change.
Do You Get On Well With Your Boss? It’s sad but true that often when companies are considering layoffs bosses tend to choose to save their friends rather than the better performing employees. If you and your boss have a strained relationship its worth keeping a closer eye on the other tell-tail signs.
Has the Business Been Performing Badly? The most foolproof sign that you bosses might be considering making people redundant is if your business is performing badly. Keep an eye on the financial pages of the press or befriend someone in accounts!