When the company you’ve been working for is going through a rough time financially or otherwise, your future in the company automatically becomes an uncertainty. It is a tough call to make as an employee whether this is the time to show your loyalty or to jump before the ship sinks.
For instance, the infamous Jet Airways’ temporary suspension of all services didn’t come as a shock to general public as it was to the employees. Talks of the company shutting down in the near future had been doing rounds in the aviation industry but it came as a rather rude awakening to the then-stranded Jet Airways’ employees. Here’s what you can learn and implement if it ever comes down to it at your organization:
Your Future Is In Your Hands Now
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You’re an employee only if the company sustains. In the long run of an elongated rough patch, one would imagine the lack of work, delayed salary payments, frequent axing of less profitable employees and other managerial actions to cut down costs are the scenarios that will inevitably follow. You don’t want to be on the receiving end of the backlash monetarily or otherwise. So it is imperative that you think for yourself and reroute if you need to. Analyze external factors too if you need to such as possible job offers, increment in your pay scale, stable work environment, etc.
Is Your Parachute Ready?
If push comes to shove, do you have a safety net in hand? Team play and integrity is nice but where are you going to place them if you don’t have funds to pay your bills? Think pragmatically. If your company shuts down today, how long will it take you to look for another job? Take in consideration that job application procedures take at least 30 days time before you can join. Would you have enough savings to sustain you until you get your next paycheck if your now-shut organization isn’t paying for your remuneration until you find a new job?
Room For Advancement
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Let’s face it. A growing company can offer you better opportunities, positive work environment and a thriving job experience. I doubt you’ll find the same in an organization with a dark cloud over its head. You must take into account the longevity of the issue and when it may end while also accounting for your personal and professional scope of growth. With a risky workspace, there will be a large breeding ground for negativity and unproductivity. It doesn’t take long for all employees in a room to get accustomed to art of ‘unproductivity’. When your own personal contentment starts hitting rock bottom, you should take that as a wakeup call and look for the ‘exit’ sign.
Hit the road as long as the signal is green. Or else you’ll be lumped in with other axed employees when it all goes south and your group motto shall end up being ‘Beggars can’t be Choosers’. None of us want to end up in a situation as drastic as that. It isn’t selfish to look out for yourself professionally when the current aspects of your company aren’t looking up.