The current times are unprecedented in terms of uncertainty and economic turbulence. Every time there is an economic crisis, someone somewhere loses a job. So what can you do in times like this, when your skills and aptitude alone cannot keep you employed? Naturally to save the company, they would do some spring cleaning and belt tightening. A 24 hour notice when you hardly have any savings in addition to a bad economy is certainly traumatic.

But there are always solutions to every problem. To de-risk your career, be realistic about what you are worth professionally and tone down expectations’ Most people see only the attractive rise in salary packages which is just one side of the coin forgetting about the downside risk.

The first step in de-risking is to consider objectively the value that you bring to your employer. With the concepts of traditional career advancements changing, your best bet is to stick to and play up your strengths. For those who have unfortunately lost their jobs, our advice is to first try and find another job-any job. These are not the times to be choosy, sitting at home and waiting for the right job to come your way. This would just increase your frustration and depression and would definitely tighten the noose around your wallet depleting your savings. Those who are not able to find another job should seriously consider self employment. There are exciting opportunities that would help you to be self employed with less than a thousand rupees. Start with just about anything without too deep an evaluation of its potential. This is just to survive by getting involved in some gainful activity. Once the economy starts growing into good shape with companies hiring people again, you can either get back a job or think of a new business that may be more in lines with your dreams.
Feel free to contact our Career & business consultant.