Teresa Parker
Job security in the current climate is something that is in the forefront of all of our minds, whether that is as an employee, or as a business owner with staff to care about. On the back of a pandemic that cost billions, and amidst a cost-of-living crisis, for most of us, there will be a bit of a squeeze over the next couple of years, whether that is as individuals or as a company. In this article, we look at the potential problems, as well as what we can do to help ensure job security; hopefully doing what we can to prepare, will help alleviate any stress that we have about the future.
In the modern job market, job security can be a concern for many people. It can be difficult to predict when you might lose your job or when your company might go out of business. However, there are some steps you can take to increase your job security, either as an employee or as an employer.
The key thing to remember about job security within a business is that the more value that you bring, the more difficult it is for them to work without you. Companies, in general, do not want to lose staff – they only do it out of necessity. The more you can make yourself invaluable to your company, not only do you make your current position stronger, but you also make it easier to find new positions if needed:
By taking these steps, you can increase your job security and give yourself peace of mind in the modern job market.
From a business point of view, corporation tax is increasing from 19% to 25% from April 2023; although this will be tapered - this is a massive rise, and may impact spending behaviour. Many businesses may put off non-essential expenditure until their next financial year to get the extra 6% tax relief. It is undoubtedly a difficult time for business owners, but there are things that can be done to be proactive and make the best of the situation:
So, what does this difficult time mean for Dynamics Consultants? This current situation is not something new to us, there are many parallels to the Covid19 crisis in 2020, where we saw a much more rapid decline in business activity. However, although the cost-of-living crisis will be extremely tough for individuals, we feel the business impact won’t be as bad. That said, we do need to support our employees during this difficult time. We have plenty to do in terms of systems and efficiency improvements and product generation. As a company, we have a sensible business model, which means we can ride out many troubles over the next couple of years, better than most; and be in a great position to take advantage of the upturn when it happens.
We are always investing in our staff, with an open and honest culture, we look forward to working with them as the business grows through these troubled but interesting times.
If you would like to talk to us about how we can help your business become more efficient and effective, please contact our friendly team. If you would like to talk to us about career opportunities, further information is available on out our careers page.
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