Mark Trowbridge, CPSM, C.P.M.
March/April 2009, eSide Supply Management Vol. 2, No. 2
4 Ways to Build Your Job Security in a Struggling Economy
It's official: The United States is in a recession. And, other nations' economies have also fallen significantly. As companies and governmental agencies struggle to reduce expenses, some are closing their doors, merging, entering bankruptcy protection or downsizing.
All these events create an unstable employment environment that can hit anyone in the marketplace. As President Ronald Reagan once said, "Recession is when your neighbor loses his job. Depression is when you lose yours."
Recessionary times, however, can actually provide supply management professionals with opportunities to progress in their careers. These four strategies can enhance your prospects for career progression, even during times like these:
1. Be visible. During times of organizational change, many people stop taking chances. They step back and move into wait-and-see mode, merely performing the core functions of their jobs. On the contrary, this is a perfect time to step forward with superior job performance. During staff downsizing, a smart manager will do everything he or she can do to retain top-producing staff members — those who continue to put "scores on the board."
As a supply management professional, a slow economy can present many opportunities for you to generate savings because the basic elements of supply and demand now work in your organization's favor. In most market segments, demand is significantly down, which moves market pricing downward, too. Customers are buying less in most segments, and suppliers are offering concessions not offered during times of growth. If the supply chain is stable in a particular spend category, this can be an ideal time to create savings through sourcing or renegotiations.
Keep track of your contributions, and make sure current management and potential employers understand your value. This is also the best way to market yourself for the next job — which, of course, is like walking a tightrope; it must be balanced with humility.
It is also important to keep existing points on the board. Unstable periods are not the time to show up late for work or take an extended leave. Try not to do anything that detracts from your reputation as a top producer.
2. No whining! During tough times, senior management wants employees who build morale. Attitude counts a lot. Happy workers are less likely to get laid off than people who seem to dislike what they do.
3. Start networking — now! Even in this world of online job applications, a large portion of hiring occurs through personal relationships. This is also true of promotions among existing employees within an organization. At all times, it is good to have a network of beneficial contacts. These can be formed in many ways:
Your boss. Take time to build a strong business relationship with your direct manager. Talk with him or her about organizational trends and what you can do to help the team.
Your peers. Your reputation is largely based on your team members' perception of you. They share their opinions of you with internal customers and management, people with whom your boss interacts. Take time to help others look good. Usually, they will return the favor.
A key mentor. Building a mentoring relationship with a senior manager in another business line can be very helpful. Not only can this person give you advice about your current career path, he or she can also be a valuable source of guidance during times of reorganization.
To find a mentor, begin with the other managers who also report to your boss's boss. They typically have a good understanding of your division's opportunities and challenges and can provide unbiased ideas for how you can enhance your value for the organization.
Your merger counterpart. If your organization is undergoing a merger consolidation, be the first to volunteer to visit the counterpart organization. Build relationships there, and be a visible part of the successful team.
Trade groups and associations. You will not find the best jobs by uploading your résumé on an electronic job board; you must have relationships with human beings. Associations are excellent places to meet potential employers. Attend monthly dinner meetings and trade conferences. Dress appropriately. Take an interest in everyone there, and show interest in their job responsibilities.
4. Proactively prepare for change. Studies show that, on average, today's employees will change jobs seven times. During the typical career lifetime, that is a job change every six years. An old human resources rule of thumb says that a job seeker should expect to search for one month for every $15,000 a year in salary he or she expects to earn. So, it never hurts to have too many employment options.
Here are some ways to get ahead of the game:
Prepare a great résumé. Have more than one version available in case you are searching for both sole-contributor and management positions. Other versions might also be needed if your skills apply to any or all of the service, manufacturing or government sectors.
Résumés should be prepared in Microsoft Word 2003, not in rich-text format or as a PDF. HR recruiters often load all résumés into a folder on their PCs. Later, if they search these résumés for ideal candidates using Microsoft Word, they will not find the other types of documents. (Note: many businesses have not yet upgraded to the current version of Word, which is why the 2003 version makes the most sense unless otherwise specified by the career center site you are using.)
Build a portfolio of quality references. Get a letter of reference from every person to whom you report. Over the years, those relationships might dissolve; however, if you ask them to write a letter or recommendation, you can keep it forever. Also, make sure to ask several trusted persons to serve as references during times of job searches.
Strategically choose job Web sites. If your current employer does not know you are looking for another job, be careful: Posting your résumé to a general job board such as Monster.com might eventually send it into the hands of your own human resources department. Responding to specific job advertisements is the best way to go, especially if the hiring organization is clearly identified.
Carefully select a recruiting/staffing partner. Some people have great success with generalist staffing firms; others prefer to work solely with a firm that specializes in their types of placement. Take time to carefully review their capabilities, specialties and reputations.
Get up-to-date skills. Employers tend to replace workers with obsolete skills with employees whose skills are more current. While a bachelor's degree is a minimum requirement for many supply management job opportunities, an advanced degree or professional certification gives you an edge (the latter can also help to offset lack of a bachelor's degree). These take time to acquire, however, so begin the process now.
Regardless of your level of job security, these four techniques can help you stabilize your current employment situation. They can also be very helpful in positioning you for your next career opportunity.
Mark Trowbridge, CPSM, C.P.M. is a principal with Strategic Procurement Solutions, LLC, a provider of supply management temporary staffing, training, online skills testing and cost reduction services. To contact this author, please send an e-mail to email@example.com.
For more articles and resources on career development, visit the ISM articles database.
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