Top 3 Signs That Indicate a Layoff

1. Top 3 Signs That Indicate a Layofg Layofgs are the dark aspect of otherwise well-paying and incentjvised jobs. Right from countrywide economic fmuctuatjons, rightsizing, mergers, and buy- outs to being marked low on the skill or performance metrics, whatever be the reason, layofgs are stressful not just for you as an employee, but for most people dependent on you in some or the other way. Therefore, it makes sense to stay alert and be able to identjfy the signs of impending layofgs that your organisatjon may carry out if the need arises. This helps you stay prepared and ensures a smooth transitjon to fjnding and bagging a new job. Here are a few warning signs which indicate that a layofg may be in the offjng. 1. Overall economic scenario: Stay abreast of natjonal and internatjonal economic developments, especially those which may have a direct bearing on the industry you are related to. Remember that your company is not an isolated unit and is bound to bear the impact of changes in the economy. Donald Trump’s decision to bring jobs back to the country and tjghtening the H-1B work permit rules is a case in point. “The crackdown on the visa program is already impactjng job opportunitjes for Indians in the US - a vital market for the Asian natjon’s $150 billion a year IT industry - and driving up costs for US-based companies. There's clear evidence that Indian companies that send workers to the US have already begun the process of hiring more Americans,” underlines a March-2018 report published in the Natjonal. In the backdrop of such policy changes, Layofgs by Sapient and other IT companies are just a few examples of the efgect of natjonal or internatjonal politjco-economic decisions on jobs and this may be true for any industry. 2. Company’s dwindling fjnances:

2. Be aware of the company’s fjnances i.e. quarterly, half-yearly, and annual earnings. Other than that, be observant about the stock prices and the stock analysts’ evaluatjon of your company. If there are consistent deep drops over a period of tjme, it is tjme to be cautjous and start preparing for making the move. 3. Performance of products services: Sales and afuer-sales— review and feedback of both can tell a lot about the future prospects of your company and your job. If the product or a service is not doing well and there are no measures taken to improve the situatjon, sooner or later it may bring doom to the company. But, before the organisatjon, the workers or the division are done away with in such scenarios, either to bring in new people or to shut the division itself. Hence, innovatjon and cautjon may work in your favour during these tjmes. If innovatjon fails to help make the customers’ response to product or service betuer, then it is tjme for you to exercise cautjon and plan to fjnd another job. The value and relevance of product or a service ofgered by your company may also get afgected if the competjtor(s) have introduced something absolutely disruptjve. In such cases, company’s management may think of hiring new people to build something similar or betuer. If the fjnances are not so abundant, there are chances that the old stafg, instead of being upskilled, may be shown the door to make way for already skilled workers. Source Url: htup://sapient-reviews.mystrikingly.com/blog/top-3-signs-that-indicate-a- layofg