Survival tips for employees during an economic crisis

Pink slips are the talk of the town and employers have no choice than to trim down their workforce during a period of economic slow down like this. Though there is no hard and fast rule that will help you retain your job, here are a few quick tips that may help you hold on irrespective of which level you are in the organization.

• Show the value of your role: The roles that are first to go are the roles which are non value adding especially to the short term cash impact to the company. So do anything and everything that is possible on earth (with no compromise on your values) to show that you are worth every penny they spend on you. How you do it depends on the nature of your job.
• Communicate with your managers: This is the time when not just one way communication helps, but reinforce the value of communicating what you do to your managers. Don’t assume that your manager always knows what you do. Ensure that he get your reports on time, sees value in it and knows what you are on.
• Be Flexible: This is the rule of the game in an environment like this. Be flexible to move to different role, different location, change in your salary structure, reduced benefits etc. People who are rigid and inflexible are the first to go, unless you are some “invaluable asset” for the company.
• Be a value Champion: They say that tough times brings the best people out. This is the time to prove that you are beyond any doubt the best value for the company and lives by its values and traits. Lead the way, especially if you are a leader, but it equally applies to all levels of people.
• Think beyond your job: During these times companies would love to embrace people who are muilti taskers, who can combine jobs, come out with creative ideas and solutions. Be the one and you will stay.