6 Tips to Increase Your Job Security

The ongoing COVID-19 pandemic is wreaking havoc around the world, but it's more than just the health risk that the virus poses. People are fearful about their jobs and financial security. Recent data indicates that over 2 million Canadians lost their jobs in April itself, and those still employed have witnessed a sharp decline in the hours of work. The figures are the same across the world, let it be the US, the UK, Germany, Singapore, or Southeast Asia.

If you're worried about job security, here are some tips you can use to boost your employability even during challenging times.

1. Seek an evaluation.

The first thing you need to do is to seek an evaluation from your manager or boss. Not only will it help you identify any gaps in your performance, but you'll find out how you can improve your performance and take your career to the next level. You have to be ready for some constructive criticism for this to work.

2. Upskill: It's time to add on to your existing skills.

The time it takes technology to change or evolve is getting shorter with every passing year. It is critical to update your skills or upskill in accordance with the new technologies or changing demands of your role. Most companies run in-house upskilling programs or third-party courses. Find out and get started.

3. Take a course and acquire new skills.

In addition to any skills you need to fulfill your employment responsibilities, it is always good to add some new talents to your profile. For instance, if you're a social media marketing lead, acquiring a new skill that complements your current title would be a step towards higher employability. You can take a course online or join a part-time certificate or diploma program. You can use this new skill to boost your performance or even take up a gig during off-hours.

4. Improve your communication skills.

Your communication skills play a definitive role in your career growth. You don't want to come across as a wishy-washy communicator. You can start with an analysis of your emails. You never know what writing habits you may have developed over the years. Also, you can seek a review from your peers or even friends. The next step is to use this feedback to fill-in any gaps in your communication skills.

5. Volunteer or take new challenges.

An excellent way to get noticed by your supervisors or boss is to take on new challenges in addition to your defined responsibilities. If your boss or team lead asks for volunteers, be the first to accept the challenge. Not only will you learn new things, but it will leave a positive impression on your seniors.

6. Boost your financial security with an emergency fund.

Not being able to pay your bills is the first thing to cross your mind if you're likely to lose your job or have been given a warning. Having an emergency fund can provide instant relief and give you a financial cushion to lean on.

Here is what you need to do:

  • Start by listing all your income sources, followed by bills and other expenses.
  • Ideally, you should have more coming in than going out, but if that's not the case, it's time to tweak a budget.

TimelyBills is an app that helps you create a budget, manage expenses, send bill reminders, and boost your savings by analyzing your monthly expense reports.

Bottom Line

Desperate times like the present require a preemptive response, so it is the perfect time to upskill yourself. Not only will you boost your performance at work, but you’ll open more opportunities for the future.