I do not need to tell you that this romantic notion of job security, what we had in the 1900s, died years ago. Even in 2006, which is more than 15 years ago, I would say “job security” and people would laugh.
Job security means in the past your ability to accept and retain your job. Then, for me, it started to be your ability to find a job whenever there was a transition.
What you once did to gain job security, especially to get a good job in a good company, is simply no longer feasible. Do not think about all the other parts of the equation (get any 4-year degree, learn a foreign language, be reliable, work well, etc.).
If you have not yet been through a forced transition, you probably know someone who does (mom, dad, aunt, uncle, friend, etc.).
Losing your job is one of the most stressful things you can go through This post, It is the fifth of the five leading life tensions). I have been talking for years about job security, and the new job security. This morning I pondered what real job security is and I think it’s time to update my post. So, without further ado, I present to you the 6 Critical Components of Post-Cubid Employment Security:
Occupational Safety Network
I’ve been talking about networking since 2006. The root of my passion for the web is quite interesting: When I started my horrible job search in 2006, I had almost no network. I even thought my credentials and experience would speak for themselves so loudly that I would not actually need to network.
I have since undergone a change in my heart. I learned that whether it makes you uncomfortable or not, whether you are introverted or extroverted, you need a professional network.
Networking does not necessarily mean that you have to attend networking events all the time … you can create an amazing network without going to any network. Here are years of posts on how to network.
Oh yeah, my favorite network strategy is called information interviews. Check out my updated course on Information interviews here.
Personal branding for job security
The second thing I was completely missing, when I started my job search in 2006, was a brand. I did not know what a personal brand is. I did not want to create a brand. I did not want to share it. I did not understand it I already had a brandAlthough that’s not what I wanted it to be.
Before personal branding we had a “reputation”. They are more or less the same. It is based on principles that we do not intend to run away from. You can try to create and share your brand on purpose, or you can assume characteristics from stereotypes. It’s up to you.
My strong advice, however, is to be focused about your brand. Oh, guess what? I have a personal branding course! Of course I do. I talked about it for years on stage for job seekers around the country, and in online seminars for people around the world. I updated this course for Pluralsight: Develop your personal brand. If you want to read my thoughts on personal branding, from the conceptual level to tactical ideas, check out the personal branding blog posts here.
Multiple income streams for job security
Years I talked about Career Management 2.0 (Did you not know this, this link leads to my Pluralsight course with the same title). I’ve been talking about networking and personal branding since I started talking on stage. I was trying to figure out what would be the most important component in career management, assuming that a three-legged stool is better than a two-legged stool.
One day it hit me: working on other revenue streams.
I once gave one person control over 100% of my ability to pay my bills. It’s nuts. There is no reason he gave one person so much power over his ability to earn and live. Maybe things will be better than ever, but what if your boss leaves and you get a new boss who is just the opposite?
I actually had an excellent boss and felt very comfortable. Then, with a few organizational changes, I came to a boss who was the opposite of excellent. In short, I came to the street without a job, without a salary, without benefits. Because of that one person, 100% of my income evaporated.
Fast forward a few years, from 2006 to 2018, I took another job. It was great, but 10 months later I was fired. This time, however, the income I lost on dismissal was less than 50% of my total income. I spent those 12 years looking for how to generate multiple income streams. It was Hard. It took years. But it was so worth it.
Besides JibberJobber, I have other income streams that do well. I had a lot of false starts and pivots … things I thought would be great income streams but were dumb. I also had some great income streams that were temporary … they ended earlier than I expected but were great as long as they lasted. It was an educational journey, that’s for sure.
The best way to resign: There are other sources of income that make for an excellent safety net because job transitions are inevitable. It can greatly reduce your stress and give you some extra breathing space so that you are not in an immediate emergency at work on getting your next job.
Guess what? I have been writing about multiple income streams for years.
Continuous learning for job security
This is the great revelation I had this morning, when I was thinking about job security, and the reason I decided to write this post.
In 2012 I was invited to create a Pluralsight course on how to use LinkedIn. Before that I wrote a book on LinkedIn, some say it was the first book on LinkedIn. I have done a lot of lectures and seminars online on LinkedIn. I also created a LinkedIn DVD that has been updated several times. So it was only natural to do a course for Pluralsight.
Since 2012 I have created 36 courses (Focusing on careers, soft skills and professional development), and I have updated some of them several times. My number of courses is 47, which is not 47 different courses but courses and updates. It was Much Of work, but it was worth it.
My journey in the last ten years of continuing education has been … educational. Everyone is talking about continuing education. Some of the jobs required credit points for further studies. Some professions (like technologists) require constant learning just to stay relevant.
What I learned is that we need to learn how to learn. We need to be okay with learning. We need to be able to adapt and prove our skills in learning and adapting. By the way, you can (Must) Make it part of your personal brand: that you are good at learning and adapting.
Short note: I thought that after school (high school or college), when you graduated, you finished intensive study. I was wrong. That was bad thinking. I’ve since learned that I like to study (although it does not seem cool to like to study in high school and even in college). It’s okay to love learning, especially once you’re embarking on a professional and / or entrepreneurial path.
Soft Skills x Hard Skills for job security
My courses on the subject are soft skills. I’m a soft nerd. That does not mean I am excellent at my soft skills but I appreciate and work on them. I study them and advocate for them.
Of course, difficult skills are critical. I firmly believe that you need to be proficient in your difficult skills. These help you get your job done, be good at your job, and keep your job. Everyone should have a certain level of expertise in what they are hired to do. Please be good, great, and ultimately excellent at your difficult skills.
Find out what hard skills you need to work on for future roles you aspire to. Make a plan to work on them. Then, work on your soft skills.
Soft Skills This is such a broad topic. There are so many things to work on. Do not even try to do everything. But start somewhere. Note that the title of this section is “Soft Skills x Hard Skills”. I did it on purpose. I do not think your total value is your soft skills plus your hard skills … I think there is a multiplier effect. Your hard skills are multiplied by your soft skills. It’s so strong.
Honestly, the first place I would suggest you start is with emotional intelligence. I really think my course, Leads with emotional intelligence, Is a course that can change the world. Imagining a home and a workplace where people improve their emotional intelligence gives me chills.
Seriously, multiply your hard skills by your soft skills to get closer to job security.
Personal financial management for employment security
I’m going to go out here and say that most people are not good at managing their finances. Maybe just projecting my journey on “most people”. I saw a lot of people who had to look for work. The people who are scared on a fossil level are the ones who are weeks, maybe days, away from losing things, including where they live.
I was invited to lunch with a guy after a presentation a few years ago. I followed him to his house and we warmed up a pizza. Sounds weird but he assured me it’s the best pizza in town. Anyway, while we were talking, he said there are a lot of really nice cars in the parking lot where I talked (with unemployed professionals), but most are at risk for stopping.
He then went on to tell me how careful he was with his money, and his move was much more convenient because he did not have to land anything right away. Managing your finances can make the difference between intense panic and strange silence. This calmness can translate into a very cool feeling about what job security really is.
I’m not an expert in this field but I’m on my way to understanding it. I invite you to take your personal economy seriously so that when the next unplanned transition comes you can have this strange quiet. This is how you move from job security to income security.
Unless you are lucky enough to receive a huge inheritance, to be a beneficiary of great and fat loyalty, to be exceptionally successful in robbing banks and to stay out of jail, you will need to be more giving directions About your career. Some of you are nearing the end of your career and you are looking at “just a few more years” while you think about what your life will be like in your “fixed income” or investments. Others are just beginning their journey and will have to think about it in the coming decades.
The better you are at the top six, the more “job security” you will have. Or, as I started calling it years ago, income security. Income security accepts the idea that you will move from company to company more often than in the past. According to the US Federal Government, every two to five years!
What if, instead of letting the transition every two to five years stress you out so much, you took more control of your future, your income, and your earning capacity?
Talk about personal empowerment!