Opportunity Knocks: The Silver Lining in Layoffs

We’ve all heard the old saying every cloud has a silver lining. Well, there is a silver lining to company layoffs as well. At some point in the future, the economic environment will begin to turn around. When that time comes, production, consumption and workload will increase, leaving companies with holes in the workforce. How will your company fill those gaps? They will have two options—look internally or look externally.

After enduring the hardships that come with a layoff cluttered landscape, it will be time to put yourself staunchly back in first place by seizing the opportunity of your next promotion.  What you need to do before that time comes is complete the ground work. Below are a few suggestions for making sure that when the economic tide changes you are riding the wave towards a new opportunity.

Identify A Potential Promotion: Take note of the positions that have been eliminated to get an idea of where the company will likely increase head count. But remember to look at the big picture too. Once things pick up, there is likely to be a lot of internal activity that could shake up the organizational chart, leaving many open opportunities.

Do Your Homework: It is not enough to identify the job you want. You need to do some thorough investigation about the responsibilities and job requirements, and recognize what your hurdles will be for obtaining that job. 

Take On Training: After you have identified your areas of weakness, the next thing to do is get working on them. If you are one of the lucky individuals working at a company that provides some sort of T&D you should start taking advantage of it immediately! If not, it is still worthwhile to spend a little money up front and find some training options. You will not only gain the skills required for the job, but you will also be communicating to the interviewers that you took the initiative to do so and you are dedicated to getting this promotion. 

Increase Your Value: You want to become the obvious choice for a promotion. To do so, work your way towards becoming the “go-to” person in your area. Continue to update yourself on advances within your field, volunteer for special projects and be a team player. 

Get Acquainted with the Internal Posting System: Far too often I hear from individuals who missed out on an opportunity because they did not know about or pay attention to the company’s internal posting process. If your company has an intranet, that is a good place to start. If not, it never hurts to go speak with someone from your HR department. Ask your HR rep where to look for new job postings and what the process is to apply.

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