Streamline your skill to escape from downsizing in giant multinational companies

 

Technical prowess is catchphrase for giant tech companies to bloom in cutthroat competitive climate. Companies envisages employee performance, organizational success and monetary status in retention of workforce. They start cost cutting/ layoff process to revive financial status and stay competitive in global business landscape.

 

Sudden layoff has disparaging repercussion on employee’s morale and some times it challenges to survival. It has been visualized that Covid 19 pandemic is major culprit to drag the people into economic upheaval. Employees who suddenly lose their job may grip in severe psychological mayhem and undergo monetary crisis.

 

Major factors responsible for employee layoff:

Global business is facing intense economic hardship which compel companies to start the process of massive layoff. Burnout, bundle of negative human responses to continued experienced stress on the job corrodes employee engagement and become a repercussion for employee’s dismissal in company. Upsurge in inflation rate also bring fiscal recession in companies which led to massive firing of employees.

 

Brainy tactics to brand themselves in company role:

Presently, techies must espouse smart tactics to absorb such economic setback. There is a frantic need for employees to envisage learning and development as key breakthrough to hold position in company.  In neck-to-neck competitive business terrain, progressive companies retain high performing and dynamic employees. To fulfil such expectations, three strands must be present in employee’s persona namely, trait, psychological state, and behavioral rendezvous. Trait is allied with personal level features such as personality, behavioral engagement incorporates the actions of workforces whereas psychological engagement is pigeonholed by employee’s cognitive attributes, emotional and behavioral state to realize desirable organizational objectives. We all recognize performance is the key driver to stay in company.

In promising market, employees have to modernize their talent and watch the business trend from bird’s eye to upgrade their skill. To secure position in company, professionals must embrace organizational change and accordingly enhance their skill set to excel their performance. Such modernization of talent will adapt in fluctuating market. Self-assessment of talent is also pointer to hold reputed position in company.

 

In current situation, even top companies are engaged in layoff of top performers. This turmoil is due to fear of business progression and reputation of company in future. To enhance skill and ambitions, employees rigorously need to focus on development program. These encompasses on following abilities.

Upskilling toughens an employee’s prevailing abilities to narrow skill gaps, upsurge output, and increase job security.

Another ability to evade from layoff is to gain mastery over novel skills to exhibit excellent performance in different business area. Employees may request bosses to assign different and challenging role at the same level and salary through proving their adroitness. This will shield employees to expand their skillset and contribute sincerely to accomplish company’s objectives.

It is imperative for employees to create talent in business environment to be noticeable in top multinational companies such as revolutionize business with pioneering idea to augment the fiscal graph of organization. Or alter the user interface of website of company to magnetize existing and prospective customers.

To hold reputed position in organization, employees enhance their agility, critical thinking, analytical skills, and intellectual aptitudes to resolve critical issues of company in tough competitive environment. These soft skill set will empower workforce to viable solutions and ideas to thrive in business world.

 

Closing dialogs:

There is a firm link between employee retention and economic escalation of company. It can be advocated that advanced skill set of employees have greater chances to grab their desired role in company and escape from layoff in economic crunch.