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How You Can Protect Yourself Against a Layoff

The personal finance world is full of advice telling folks how to financially protect themselves from the risk of being laid off. If you’ve got a nest egg of at least six months of expenses, it gives you plenty of time to find another job without stressing about whether you’ll eat.

But there’s hardly any space dedicated to avoiding the layoff in the first place.

I’m the first to admit thousands of great employees get fired annually for reasons outside of their control. Sometimes whole departments get eliminated, for example. But I still believe businesses are loathe to get rid of truly excellent employees.

There are a few ways to make yourself one of the best. The first is to simply work harder. While your co-workers take that extra-long break, or linger at each other’s desks, you need to be working. Your boss will notice.

Next, try to make your boss’s life easier. Is there a job she hates doing? Volunteer to help her with it or even do it for her. Don’t annoy her by showing up late or calling in sick, either.

Figuring out the company culture is also crucial. Some employers immensely value those who stay late. Others frown upon it, preferring folks who are efficient enough to get their jobs done in the allotted time. Figure out what your boss likes and exploit it for your gain.

Ultimately, guarding against losing your job should consist of two parts. Emergency funds are great, but being a fantastic employee who’s last to get laid off might be even more important.