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« Start Investing – NOW! Don’t Wait Until It’s Too Late! | Main | A Financial Minute with Jenifer: Great Expectations »

May 05, 2008

How to Develop Career Resiliency

Abrupt or unexpected changes in your employment can affect your immediate income, and may lead to a negative impact on your overall financial situation. Two keys to developing resilience are being informed and staying connected. Often, people choose one of two reactions to bad news: stick their head in the sand or throw in the towel and say it is out of their hands. Neither of these responses is helpful. In order to plan a defense, a person needs to know as much about their specific sector of the market as possible, at all times. Things to know:

· Where your organization lies in regard to the competition, including product development, market share, pricing and relevance of services.

· Your organization’s financial solvency, funding sources/status and growth plans.

· How economic conditions will or are already having impact on an organization’s status.

· Geographic/weather related impact on the delivery of products or services.

· Technology advances or changes that will impact the processes involved with your work.

· Areas in the organization that would be redundant in the event of a merger.

· Where else your skills can transfer within the organization in the event of a change.

· What skills are needed to stay at the top of your game- how to stay competitive in case there is a down sizing and you are forced out.

Above all else, you need to make a conscious effort to build and maintain a solid professional network to ensure you will have the information you need to make informed decisions before major changes occur. You never know when the other shoe is going to drop, and a solid network can be your safety net when the bottom falls out. A contingency plan for an unexpected change may allow you to stay on target with your financial goals.

Best regards,

Sherri Edwards

Career Coach, Consultant and Trainer

sherri@resourcemaximizer.com

www.resourcemaximizer.com

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