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.
Finally, realize that you cannot control what occurs with your company. However, you can be prepared in the event you do lose your job. Or, what I have seen before, is that someone who isn’t really looking gets an offer that was never expected! That happens!