Books

Job loss signals

D. Murali | Updated on April 20, 2012

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With the world ‘becoming flat' and outsourcing here to stay, almost everybody is vulnerable, writes Lakshmanan Solayappan in I Lost My Job But… (Orientalia).

Any of us could lose our jobs, and so it is better to be prepared rather than be shocked to face the reality, he adds. A common example cited in the book is of several hundreds of employees being on the block – for no fault of theirs – when a project or contract is shifted from one vendor to another.

As a way, therefore, to plan for an unexpected job loss, the author's advice is to get into the habit of saving a regular sum of money and grow the nest egg. “You never know when it will come handy. It is said that most people live from one paycheque to another. The ability to handle loss of job is more the ability to handle one's finances.”

Compared to hanging on in the same job and eventually becoming jobless, it is a safer bet to change one's job, even though things may turn out to be better later, the author notes. Recommended read for today's employee.



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Published on April 20, 2012

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