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How Secure Is Your Job?
Bob Weinstein is a journalist who covers technology, project management, the workplace and career development.
Just because your company seems like it’s in good shape, don’t mistakenly think that your job is secure. In erratic and uncertain economies like the one we’re experiencing now, all companies are bound to be affected to some extent.
Companies in cyclical industries like construction, financial services and real estate are always among the first to feel the negative effects of a sluggish economy. Even relatively safe fields could be under pressure. Project managers and software developers working in industries that have been hit hard by the recessionary climate could be laid off.
Only experienced independent contractors with strong IT and project management backgrounds have a great deal of mobility in down economies. Traditionally, companies are more prone to hire independent contractors during slow and recessionary economies because they’re not forced to make long-term commitments. While consulting fees may be high, once a project is finished, the relationship ends. There are no strings attached. When you consider the cost of severance packages, pensions and outplacement services, laying off full-timers amounts to an expensive proposition.
Regardless of where you are in the organizational hierarchy--IT PM, superstar developer, network administrator or security troubleshooter par extraordinaire--don’t assume your job is …
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