With fewer job options around and layoffs and pay-freezes the talk of the town, it may be wise for you to brush up your skills and expand your network of friends outside the work area, headhunters say.
The fact that you would have to work harder than in the past and be flexible about the work profile to hold on to your job is taken as a ground reality.
"In these challenging times, one cannot dictate his terms, one has to be flexible," said Naresh Malhan, managing director at leading human resource consulting firm Manpower India. "Times are challenging and across-the-board, employees should tone up their efficiency and move away from single skill to multi-skill competencies."
The economic slowdown around the world has impacted the job market. Cost cutting and layoffs have replaced fat raises in talks across office canteens. The situation is slightly better for smart workers. "There is still a market for top performers while those with performance related issues will continue to be under the scanner," said Vishal Chibber, human resources head at staffing firm Kelly Services.
"One has to be cautious about suffering from survivor's guilt — the feeling that you might be the next one on the firing list. One has to ensure that performance is not compromised," said Rajesh AR, vice president at staffing firm TeamLease. "Networking sites like LinkedIn can come in handy (in building up contacts)."