Working in an organisation that is going through crisis? Can't decide between staying or leaving the job? Well, don't fret, for here are some tips which can help you decide whether to stay or go from the company. Read these features?
According to Will Werhane, global managing director at the human resources consulting firm Hay Group, look around to see if your most talented colleagues are heading for the exit sign.
That's a pretty good indication that those among the most vested in the organisation are worried and don't think it's worth
staying, Will said.
"When the people who are the future of the organisation are leaving, that's a sign that company isn't doing well," News.com.au quoted him, as saying.
"It doesn't mean you should run out the door -- it means (you should) examine other elements," he added.
First, don't pay attention to rumours. Thoroughly research the state of your company as if you were investing money into it. Pay particular attention to how your organisation stacks up against the rest of the industry. One fiscal quarter of bad earnings does not spell catastrophe.
Don't rely on gossip, says a management author.
"There's a difference between a bad quarter and a troubling trend," says John Pearson, president of the management consulting firm John Pearson and author of Mastering the Management Buckets: 20 Critical Competencies for Leading Your Business or Nonprofit.
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Follow the leaders. Invest like they did in June
If you don't work for a public company, find out how others in the industry are doing by talking to people you know at competing companies, John said.
He added: Ask those contacts how sales are and whether they're laying anyone off. If that route proves a bust, ask head hunters; they're a wealth of information about the companies they cover.
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