WORK IN WELL-KNOWN COMPANIES: Safe and Secure?

1 year ago

Jūratė Jurginytė, career & leadership couch | Prasmingi pokyčiai | 

In the modern world, where the job market is constantly changing and uncertainty becomes routine, many people dream of stable and secure jobs in well-known companies. Attractive salaries, good working conditions, and career advancement opportunities—all of these allure and give a sense of finally finding one's place in the sun. However, is working in well-known companies really a safe harbor where we can sail smoothly through the sea of careers? The recent news about layoffs at "Kilo Health" made me think: is it worth relying on illusions and believing that a well-known brand always guarantees stability?

The answer isn't that simple. While well-known companies may seem like sturdy fortresses, shielding from environmental storms, they are not immune to economic shocks, market changes, or internal restructuring. "Kilo Health" is a prime example. This ambitious company, once boasting grand plans and expansion, later faced financial difficulties and had to make tough decisions, affecting over 100 employees.

So, what can we do to not rely on illusions and not succumb to panic when unexpected winds blow?

1. Don't forget to diversify:

Don't put all your eggs in one basket! Even while working in a well-known company, continue to enhance your skills and competencies, and explore other areas and opportunities. Consider searching for additional sources of income. You never know when you might need a backup plan.

2. Build a financial cushion:

Have savings that can cover several months of expenses in case you lose your job. This will give you time to find a new position and make informed decisions, rather than rushing to accept the first offer that comes your way.

3. Stay informed:

Follow news in your field, keep track of market trends, and monitor your company's performance. The more you know, the better you can anticipate potential changes and prepare for them.

4. Strengthen your network:

Maintain connections with former colleagues, classmates, and other professionals in your field. A broad network can help you learn about new job opportunities, gain valuable advice, and discover new possibilities.

5. Invest in yourself:

Continuously improve your skills and competencies. Attend courses, seminars, read books, and articles. The more knowledge and experience you have, the more valuable you'll be to potential employers.

Client Story:

Lina, a long-time employee of one of Lithuania's largest companies, recently found herself in a similar situation. Among those being laid off, she initially felt unsettled and lacked confidence. However, remembering advice about diversification and financial cushion, Lina realized she had all the opportunities to bounce back. She updated her CV, reached out to former colleagues, and started looking for a new job. Due to her accumulated experience and good reputation, Lina quickly found a new opportunity in another company. Today, she's happy with her career change and grateful for the lessons learned.

The job market is dynamic and constantly evolving, whether you work in a well-known company or a small business. It's important not to rely on illusions and be prepared for unexpected situations. Diversify your income, save money, stay informed, strengthen your network, and invest in yourself. These tips will help you feel safer and more secure, regardless of changes in the job market. Be ready for any challenges and remember that even the most challenging situations can open up new opportunities. Good luck!

In conclusion: The most important thing to remember is that work isn't everything. Even if you lose your job, don't forget your values, passions, and goals. Use this experience as an opportunity to grow, explore new directions, and perhaps even start your own business. After all, the world is full of opportunities, you just need to see them!

Wishing you success and a fulfilling career journey!