Former recruitment agency experts answer
employment questions, candidly suggesting how to
negotiate your salary, find a really good job,
handle phone interviews, and more.
Sage advice like this is
for a sinking ship? Is it time to jump overboard? Is it time for
a career change?
Is your employer headed down the wrong path? Is
your company ripe for scandal? Be proactive with
your career by keeping on top of your
companys financial health. Learn how to
read the signs of trouble and know when it might
be time to revise your resume and start testing
the job market.
Potential Danger Signs:
- More and more vendors are calling and asking
'wheres my money?' Your company may be cash
poor and is having touble paying its bills.
- Budgets are slashed abruptly. The company is
desperate for cash. Layoffs might be the next
- Veteran employees are encouraged to take early
retirement while new hiring is frozen.
Its not always obvious when your company is
in a downward spiral. In fact, the bigger the
company, the harder it is to see the signs. Pay
attention to what financial experts are saying.
Study industry trends. Read company press
releases. Follow the stock price and watch for
sudden declines. Also search for news about your
company written by outsiders. Dont assume
that your executives are being up front with
employees. The press can dig up dirt on a company
long before executives are forced to admit
Think Like a Shareholder:
Publicly traded companies are required by law to
inform shareholders of their financial health.
Get a copy of the latest financial statement and
annual report and study the financials. Go back a
couple of years to see the trends
Time for a career change?
Your Next Job:
If you do choose to jump ship make sure you don't
get burned again at your new company. You should
think of choosing a potential employer the same
way youd decide where to invest money.
Again research the the company's financials. If
its a start-up company, look at the business
plan - is it sound? Determine your risk
Your Retirement Money:
How much of your retirement money is invested in
company stock? Beware of having too much company
stock in your retirement plan in case the company
stock takes a dive or the company fails.
Don't put all your eggs in one basket - diversify
Keep your head out of the sand. Your
employers financial health is import to
your career health. Stay alert to whats
happening at your company so you have a better
chance of avoiding disaster.