Corporate Layoffs and Job Insecurity: Building a Secure Future

Nowadays it has become very difficult to get a good job. There is a lot of competition everywhere. First of all, whether you are preparing for a government job or even if you are preparing for a private company job, the competition has increased a lot. Is. Nowadays, everyone have so many and if you talk about degrees, then that dream has been collected to the fullest, even if they do not get the knowledge according to the degree, still everyone has a degree to eat. So it is there. Getting employment is becoming more difficult because as the population is increasing, it is becoming an even bigger problem. There are very few companies that are not firing people even after Corona, but we have seen many big companies who have laid off many of their employees and this is not a new thing. This has become very common now, especially in big companies.

Just today I was seeing how #SpiceJet company has laid off about 1400 (14 %) of its employees and this is not a small number because their total employees are 9000. This is a very serious matter because many companies are doing this. Yes, this will help in cutting their costs but it will also put a lot of pressure on the remaining employees and what not. But in the end the point is that every The person running a company is a business and everyone will want his own benefit. In the end, if they does not get profit then they will have to take some steps, even if other people have to lose their jobs for it. I consider myself lucky that the company where I work is growing very well and now we have about 40 employees, sorry 47 employees here. And it feels good to see it increasing day by day.

There was a time when IT companies were providing a lot of jobs and are still providing jobs, but it has become more than that. Many of my acquaintances have left jobs in the private sector and are preparing for government jobs. A few of them has successfully cracked some exams and has also got a government job. In private jobs, you do not have the same security as before, there are a lot of problems, on the other hand, in government jobs, you get a lot of money and here there is a security for about 60 years, so if you have not done anything wrong in your job period. So. A lot depends on if a person is doing a job, his income gets divided completely, his income, his household expenses and what not, if he suddenly lost the job then he will definitely be shocked. Yes, the company does give time for a few months but many people do not get the special treatment and many people even sacrifice their lives due to this pressure.

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I believe that there are some small things which if you follow, then perhaps even if you are fired from your job, it will not make much of a difference to you.

Savings:

Yes, even if you don't want to do this, still keep an emergency fund with you, at least for about 6 months of work. If you earn a good salary, you can increase it to 1 year or more. I believe it is better and the money in savings should be as much as your monthly needs. There are many ways in which you can do this, you can debit a fixed amount from your salary every month and keep it in an account which you do not use much or you can say which does not have internet banking facility Nor is any other type of card available in it. By doing this you will save your money and keep one thing in mind that you should turn on an option called auto sweep in your account so that you will continue to get interest on your money and you will get good benefits from your savings.

Passive Income:

If you are doing any job then you should invest in such a place where if you invest money, you will get some kind of income monthly, daily or weekly or any kind of money will keep increasing. Invest in such a scheme. Like you can invest in the share market or you can invest in mutual funds or you can invest in such shares where you can also get income in the form of dividends. If you want to invest in things related to crypto, then there is no better platform than Hive, as far as my knowledge is concerned. If you had invested in BTC even a few years ago or you had been doing DCA since then, perhaps your money would have increased almost three times today, yes three times.

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Side Hustle:

Even if you are doing a full time job, still you must get a side job, something in which you have interest or something where you can earn something by spending your time or you can get some profit by going there like I do in my Along with the job, I also give time hive and I am starting from here also. I believe that I am not a job seeker of anyone. Yes, after that you can definitely change somewhere but it takes some time. It is true that if you yourself are ready for it, then you will take such a step with full preparation. If suddenly your company fires you, then perhaps it will be a big problem for you. So to avoid such situations, you have to make arrangements for yourself in advance and keep doing something other than your primary job, it can be anything even if it is related to their interest or even if you are not interested in it. Still, do something necessary so that if you don't have one job, you can depend on the other. Anyway, these days, one job doesn't help. Everyone wants to have more and more sources of income. It's good. The thing is also that there are many benefits of doing this, perhaps those who do this will know very well about it.

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What do you think, do you agree with this?

see you in the next post. Keep learning and keep exploring...

All the Images are Made Via Canva unless otherwise noted.

Translated via Google Translator, The content is original.

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Thanks a lot for staying till the end 😃🙏, Let me know what you think.

Never forget one thing you should be grateful for because someone has a dream of what you have. So learn to be grateful. Be Thankful.🙏😀

Thanks & Regards

@bhattg
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