Is It Time To Update My Resume?

by: Robert Hidde, Managing Partner
Hidde Career Services

Sean was still in shock when he called my office. “I never saw it coming,” he told me. “I knew business was off, but I was blind sided when they eliminated my job.”

Anytime there is a downturn in the economy the number of calls and emails from people like Sean increase to recruiters, career counselors and résumé writers. And almost without exception, they all claim they didn’t see it coming.

Many employees seem to think that when times turn tough management simply begins indiscriminately cutting jobs. While such a scenario might be true of a very small minority of companies the truth is, companies in the twenty-first century view good performing employees as their greatest resource, not an expense.

Top managers know that innovation and ideas don’t come from business plans or computer generated projections. They come from people who possess the technical knowledge, customer skills and specialized expertise to breathe life into plans and projections. In other words, companies are cognizant of performance and decisions about job cuts are made after careful evaluation of performance. This on-going process of evaluation doesn’t just happen when business “turns south” rather has been going on for months prior to any cuts.

So, whether business and economic outlooks are great or grim, what are some of the signals an employee should pick up on that tell them it’s time to update their résumé and start exploring their options? Hidde Career Services research shows that the top signals employees need to watch for are:

• The company misses revenue targets in consecutive quarters. Regardless of the size of the business, its main product must be profits. Without profits companies can’t remain competitive, obtain needed financing, pay shareholders, upgrade technology, fund research, carry out effective marketing, and support payroll.
  
  
• An unexpected reduction in training budgets. If management anticipates having to eliminate positions they will be less likely to invest resources in on-going training for people who may be laid off. This may also be a red flag that new projects are slowing down, thus negating the need for upgrading employee skills.
  
  
• Budgeted new positions go unfilled. In most organizations facing potential cuts the first positions to be eliminated are those that were being created to handle projected new business. Not filling them or completely doing away with them is often a harbinger of potential job cuts in coming months.
  
  
• Failure to fill vacant positions and/or a hiring freeze in other departments. If openings resulting from employees retiring or those who quit are not being filled it can be an indication that management is anticipating staff reductions due to revenue shortfalls or lack of new orders.
  
  
• A reduction in responsibilities or a change in the type of projects being assigned. Being assigned lower level projects, having projects reassigned to other teams or finding that they’ve been left out of the loop is often an indication that an employee’s position is being evaluated for elimination.
  
  
• Changes in the attitude of managers. Many managers give subtle non-verbal signals to employees that their performance is below expected levels. Smart employees seek feed back on their performance when they become aware of them. These include no time for informal chats, slowness in responding to emails, not including them in meetings, becoming distant and not having time for impromptu meetings with the employee during the work day.

So, if you think it may be time to update YOUR resume', contact us today for a free consultation!

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