If this existing recession has established one particular point clearly, it is that the idea of job safety is an anachronism. Today’s Wall Street Journal attributes an write-up that overviews the aggressive depths to which employers have reduce their workforces. Not wanting to be caught “fat,” a lot of employers have been in a race to the bottom, a sort of limbo dance of decrease and lower employment levels in the hope of stabilizing earnings.
It is portion of an old playbook- because it works. It is an historic fact that unemployment peaks well right after the finish of most recessions. Chalk it up to this game of employment limbo. Because even after the economy turns about, employers keep focused on their price-out activities, although the siren contact for such has ended. This behavior is borderline paranoid and is an fascinating instance of knee-jerk leadership. The sad part, nonetheless, is that genuine people are jerked-about in the approach.
But a funny point is beginning to come about and it happens about this stage in each and every recession. Employers see their final results improving and panic that they’ve set the employment limbo bar too low. They begin hiring again. Very first slowly and usually in technical jobs. Then much more swiftly and broadly. This bodes well for you, me and the general economy. We will know that this phenomenon is well underway when the talking heads on CNBC cease fretting about a “jobless recovery.” Remain tuned.
In the meantime, if you have been hunting for a job, prepare for the headwinds to die down a little. Do not be discouraged and get focused like you had been at 1st. If you are at present employed, be prepared to exploit the reverse limbo impact and land that far better job in the firm down the street. You may possibly be capable to negotiate for far more spend, far better bonus and most importantly, your subsequent severance deal.