Q: Company rumors are swirling at my place of employment. It is quite likely that my company will be acquired this year. I don’t want to lose my job because of a company acquisition. I have been through that once before. How do I protect myself against a job elimination? Is that even possible?
A: Ah…. If only we could wave a magic want to prevent job losses! It is virtually impossible, but there are some ways to minimize disruption to your career.
- Always, always, always have a resume that is up to date and ready for prime time! Don’t wait for a big event. Dust it off and get it ready. Review it annual (at least). It is an uncertain world.
- Become a more active networker now. With all the advancements in technology and recruitment, face-to-face networking is still one of the most important tools for a job seeker. Re-connect with former colleagues, old friends and neighbors. Use LinkedIn more effectively.
- Let others know what is happening within reason. “Yes, I have been at MYCO for 12 years now. No one can predict the future, but there is a chance we could be acquired within the next year. Then, I would need to test the job market, which I have not done in a very long time. So sure, I would love to meet for coffee.”
- Continue to prove your value. Focus on your role and continue to perform well. Stay positive and focused.
- Be flexible. Take on new projects, offer to lead a team, say yes to a new responsibility. If you would be open to a relocation, make sure that others internally know that information, especially if an acquisition seem imminent.
- Avoid the gossip lovers. They can drive you crazy and squash your enthusiasm.