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Dr. Greg Segment Summary

Boost Your Chances of Surviving a Round of Layoffs

Dr. Greg Ketchum, 4/12/03

This is for folks who have jobs and want to boost their chances of hanging on during cutbacks.

  1. The economy continues to creep along. Slow growth.

  2. The economy shed another 108,000 jobs in March, which was higher than expected

  3. Unemployment rate rose to 5.7% in March from 5.5% in Feb.

  4. On the other hand initial claims for unemployment benefits fell by 38,000 for the week ended April 5 from the previous week, which was steeper than anticipated.

  5. Yahoo: Just reported 4th consecutive profitable quarter, further evidence that the company has turned a corner from its financial misfortunes during the dot-com bust in 2001

So the picture is a mixed bag.

  1. At times like this, your planning horizon moves from looking at the longer term picture to more of a short term plan. In other words, do whatever you need to do to hang on and get through this economic slowdown.

  2. One of the best ways to get through is to do everything you can to hang onto your current job until the economy pulls out of the doldrums.

Keep Your Current Job:
If you’re currently employed do everything you can to make yourself indispensable. Take the initiative, continuously find ways to “add value” and make sure that your boss and his/her boss know about it, but don’t be a braggart or brown noser.

3 Key Take-aways for our Viewers

  1. Performance: Boost your job performance now. Delivering results is what counts. Looking busy, being busy won’t save you.

  2. Revenue: Find ways to cut costs or improve revenue.

  3. Network: Get to know key players across your organization. The time to build your network is when you have a job, not when you’re out of a job. Get that network in place now by looking for opportunities to network as a part of your daily work. Remember, networking is a two way street and you’ll only get as much help as you give.

If you’ve got work or career topics you’d like to see us address, just send me an email at drgreg@talentplanet.com.

®2004 All rights reserved. Gregory A. Ketchum, Ph.D.

Career Advice

Dr. Greg is the “KRON 4 (San Francisco) Workplace and Career Expert”

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