Are you concerned about your job security in the current economy? To assess whether your job may be at risk, we've put together a list of six signs that may indicate that you're about to be made redundant:
1. Cost-cutting measures are being implemented.
The "paperclip memo" that describes the need to reduce expenses, for example, could be a tip-off that personnel expenses are also being considered for cuts. However, it's important to note that many companies that are belt-tightening right now aren't necessarily looking at staff reductions, so this alone isn't necessarily cause for concern.
2. Your workload is lighter than usual.
If you have less work to do or find that projects are being redistributed to other co-workers, this could indicate that there isn't enough work to justify keeping all of the staff, or the company is redistributing the workload in anticipation of staff cuts.
3. Your work is slow and cyclical in nature.
Not having enough work to do is a sign that your function isn't as vital as it once was. Companies that are looking to trim personnel expenses often focus on departments or positions in which the work is cyclical and the day-to-day workload could be supported with fewer people.
4. You aren't considered a revenue generator.
Do you contribute directly to the generation of revenue or the reduction of expenses? If the answer is "yes," you may be in a fairly safe position. If your department is viewed as more of a "nice to have" than a "need to have" in the current environment, you could be on shakier ground.
5. You are no longer included in meetings.
When a company is preparing to lay people off, they may not include them in strategy sessions or other meetings because they feel it's unnecessary.
6. Your boss is showing more interest in the status of your projects.
This could indicate that your boss wants to get a better sense of how things are done and what still needs attention so he or she can reassign these projects in the event of redundancies.
If any of these signs are familiar and you need to speak to someone for career advice, feel free to contact a consultant in your local office.