A survey of 1,000 US executives by Resume Builder in January found that 66 per cent of respondents had taken a salary cut in the past six months, with 94 per cent saying it was to prevent or reduce layoffs.
All options put a mental and emotional strain on workers and those around them.
FOCUS ON CAREER SECURITY, NOT JOB SECURITY
However, instead of worrying about job security, how about striving for career security?
Job security is all about making sure your job will still be there until the day you retire. In today’s volatile world of cheap labour and artificial intelligence, being anxious about this is futile – no job is guaranteed.
On the other hand, by making sure that your skills are relevant and honed, and your knowledge current and deep, any company would love to have you on their team. This is something that everyone can work towards.
Being so good at what you do, that you are constantly in demand by the market is what we define as having career security. You will no longer need to worry about whether your company has a job for you – if you have career security, you will always have options at your disposal, both internally and externally.