How to Protect Yourself from Job loss – Best Practices Guide

This is the second session from the series “Complete Guide to Protect Yourself and Family from Financial Crisis“. In this article, we are discussing about “how to protect yourself from job loss”.

Possible recession is near. Economic experts already predicted in the same in the context of corona-virus/recession.

Do you fear losing job or worrying about the future?  this article for you:

Guide to protect self from job loss

To create this article, I have done a thorough study by referring lots of sources, getting details about the personal experience of people and much more. This helped me to share some best ideas to shield readers from lob loss and related troubles.

Shielding a job required lots of efforts to put in.

Before coming to that, I would like to share a secret formula of survival in case of a job loss. Create an emergency fund as mentioned above. ‘Emergency Fund” is well known term among people, but very few of them only have realized the true power of having an emergency fund in hand!

Still not convinced, then read my own life story on “How Emergency Fund Protected Me When I was Unemployed” for 2 years and 2 months from November 2007 to December 2019.

This will certainly motivate you to create an emergency fund as well as the real power of such fund.

Below are the 10 important points and practices to protect self from being jobless and find another job.

Point #1. Identify Your Core Skills.

Point #2. Sharpen core skills by reading, taking online or offline free or paid training and get necessary certifications to support candidature.

Point #3. Identify present responsibilities and compare with job market requirements. This will help to understand whether any additional skills need to be added with core skills.

Point #4. Build Secondary Skills – Do you know what is a passive cluster server? Through configuring active-passive clusters, active node in the cluster always does the job. If it fails, passive node starts taking responsibilities immediately.

Through building secondary skill, one is protecting himself or herself from the job market slowdown.

Through having a good secondary skill, you are enhancing the job opportunities with increased chances to get another job immediately.

Point #5. Update resumes always: Have necessary updates to the resumes time to time. Never miss any main supportive points and mention anything not familiar with. Once if do, you may not able to provide the right answers to the interviewer during the interview.

Maintain a portfolio with all necessary document copies and update it regularly.

Point #6. If looking for a better job, identify the target job and shortlist companies you are interested to work in. Visit their website regularly to get updated information on vacancies suitable to your profile.

Point #7. Increase social contacts – Through doing such, you are increasing the possibilities to know the details of right vacancies from where the contact person is working.

Building enough social contacts with the right people is a great idea to get updated information and referrals for a right job.

Point #8. Post resumes to good job portals – Whenever posting a resume to job portals, ensure the profile is 100% complete. Visit the sites daily and workaround a bit to update every day.

Regular visits and updates help to sustain the resume at the top of their database. This is happening due to the ‘current’ nature of its database. Remember, this is a less known secret.

Point #9. Interview preparations – Interview preparation has two phases. One is technical and another is HR round.

To prepare for technical session, prepare with self-created interview question databases and study upon the questions. Use mind mapping technique to identify each possible question associated with main questions and study all.

Search on the net for well-known HR questions and its answer.

Point #10. More over the above, always work hard to be an ideal employee always. Be a better team player and pet of your seniors by showing right skills and behavior. This would certainly bring down the chances of losing jobs to a great extent.

Conclusion

While trying for next job or venture, people can prefer many online side-hustles opportunities and less capital required small business options are available to people to make money online and off-line in case a job loss.

Remember, no one interested to loss an excellent employee at any time. Always keep 4 NEVER’s, never miss scheduled meetings, never work less time, never take unnecessary leaves, Never complaint.

Visit the Main Page of this Series – “Complete Guide to Protect Yourself and Family from Financial Crisis“.