Avoiding Unemployment in an Era of Job Cuts
We’re no way through this recession.�Every week we look at the unemployment statistics and, with some minor exceptions, the trend is still UP.�Employers continue to reduce their workforce, as a cost-cutting measure, in a difficult economy.�With payroll costs the largest single expenditure for most businesses it’s natural to look at possibilities for “doing more with less.”�And, in many organizations, that means “less” employees! � The unemployment rate as of June, 2009 is over 9%, and climbing.�Most experts predict it will top 10% before year’s end, and that may be optimistic.��
WE’RE UNDERGOING A “SEA CHANGE”
“Sea Change” is a wonderful term, and seems to be particularly applicable to our current economy.�A Sea Change is a massive, formidable occurrence.�It sweeps everything in its path, and like a tsunami, may result in devastation and displacement.�It’s a transformational event.�The U.S. economy is undergoing an economic sea change.�We’ve been through this before, and it’s a major challenge.�Those of you familiar with economic history know that we’ve experienced, in the past century, a change from an agrarian society to an industrial one, an “information age,” internationalization, and a global economy. Along the way we experienced several depressions, recessions and other economic turmoil. Many characterize this a post-industrial era of finance, commerce, and service, on a global scale.��
With all�this change, many workers have been displaced, replaced, or discarded.�Employees, whether white-collar, blue-collar, managerial, or self-employed are experiencing a sense of uneasiness, uncertainty, and economic vulnerability.��
PROTECTING YOUR ECONOMIC VIABILITY�
In times like these, individuals need to be more adaptable, creative and strategic.�It’s important to have options and preparation to be able to “ma Read the rest of this entry »

