The risk of losing a job is the one axe that employers hang over their employees. Statistically, at least 7 out of ten people in employment harbor fears of being fired every time something goes wrong with their work duties. Despite being assured of a job well done, there is always a nagging feeling that their employment will be terminated especially during a performance appraisal. The fear of losing a job is universal, and it does not discriminate as to location, industry, or your position in an organization. Losing a job is a terrible thing, and you should do everything in your power to avoid it.
It Is Not the End
Despite it being scary to lose a job, it is not the end; it simply opens up more possibilities. Instead of crying over the loss, look on the brighter side. You will get more reasons to find a company that matches your personality, skills, and where you can speak up against injustices. Surely, there are uncertainties but you can constructively deal with many of them. Here are tips to erase the fear of being terminated from employment.
Increase Your Employability
To avert the fears of losing your job, ensure that your professional and interpersonal skills are up to date. Be sure that you cultivate a strong network with other industry players in your industry while in your current position.
Keep Your Expenses Low
Frugality is one of the best ways to ensure that you still have enough cash to survive in case you get fired. Set aside a kitty for a rainy day and invest wisely in business as well as in the securities market to provide a cushion when the going gets tough.
Start a Side Hustle
Look for something you are passionate about and turn it into a business. Not only will it offer you something to do when you are not at work, but you can turn it into a full-time profession if you ever need it. Search the internet of how to turn your passion into a business, and you will have something to fall back on.