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Top Ten Signs of a Layoff |
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If you stay alert at work you should be able to sense when a layoff is on the way. Here are 10 signs that your company and job might be in trouble. |
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- A hiring freeze is implemented.
- Salary increases, performance reviews, training sessions and promotions are deferred.
- Rules regarding travel, especially "non-essential" travel, are made more restrictive.
- Corporate earnings have been flat or declining.
- The expense reimbursement process requires more approvals and oversight.
- The whole HR department is burning the midnight oil.
- Top brass is spending an inordinate amount of time in closed-door meetings.
- Key executives (and their assistants) are making a lot of confidential phone calls.
- A merger has recently taken place resulting in duplication of positions.
- The rumor mill is in overdrive.
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If any of these look familiar, you better start preparing yourself and your co-workers for a layoff. |
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Excerpted from The Layoff Survival Guide: Practical Strategies for Managing the Transition from Pink-Slip to Paycheck by Nancy Collamer. The full 70-page e-book is available for download at www.layoffsurvivalguide.com. Copyright Collamer Career Consulting, 2002. |
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