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Sba-Reaction Paper (Week 3)

The article discusses how to protect your job during an economic recession. It provides three key practices: 1) act like a survivor by demonstrating confidence, wearing multiple hats, and focusing on customers, 2) give your boss hope by empathizing with them and inspiring your team, and 3) become a corporate citizen by participating in meetings and new projects. Even with these practices, layoffs may still occur, so it's important to be self-aware of your strengths and update your resume regularly so you're prepared to find a new job if needed. Positive thinking can help improve your professional life by keeping you motivated and able to overcome challenges.

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Mary Joy Sameon
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48 views2 pages

Sba-Reaction Paper (Week 3)

The article discusses how to protect your job during an economic recession. It provides three key practices: 1) act like a survivor by demonstrating confidence, wearing multiple hats, and focusing on customers, 2) give your boss hope by empathizing with them and inspiring your team, and 3) become a corporate citizen by participating in meetings and new projects. Even with these practices, layoffs may still occur, so it's important to be self-aware of your strengths and update your resume regularly so you're prepared to find a new job if needed. Positive thinking can help improve your professional life by keeping you motivated and able to overcome challenges.

Uploaded by

Mary Joy Sameon
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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REACTION PAPER: How to Protect Your Job in a Recession

by: Janet Banks and Diane Coutu

“Holding on to your job when the economy softens is a matter of cool strategic
planning.” Says Banks and Coutu in their article entitled How to Protect Your Job in a
Recession. Most people experiencing job recession take it in a negative way. Research on
unemployment shows that losing one’s job is detrimental to mental health—and often physical
health—even without serious financial strain. “Work provides us time structure, it provides us
identity, it provides us purpose and it also provides us social interactions with others,” says
Connie Wanberg, PhD, an industrial and organizational psychologist at the University of
Minnesota. “When you lose all that, it creates a lot of difficulties for people.” Those at the most
risk for mental health challenges after job loss are those for whom unemployment is an
immediate threat to survival. People with fewer financial resources and those who perceive more
financial strain from unemployment are less satisfied with their lives, according to a meta-
analysis led by Frances McKee-Ryan, PhD, a professor of management at the University of
Nevada, Reno (Journal of Applied Psychology, Vol. 90, No. 1, 2005). The article by Banks and
Coutu entitled “How to protect Your Job in a Recession” will help to prevent such problem.

In a troubled economy, layoffs can hit with frightening regularity. Sure, these decisions
may be beyond your control. Yet you can take steps to protect your job, say Banks and Coutu.
Three practices can help you minimize the chances of becoming a casualty: (1) Act like a
survivor by demonstrating confidence, staying focused on the future and wear multiple hats.
When people need help getting jobs done, they’ll choose a congenial colleague over an
unlikeable one. No one wants to be in the trenches with someone who’s always gloomy. There’s
no better way to look forward than to sharpen your focus on customers. Without them, no one
will have a job in the future. Make anticipating customers’ needs your top priority. And show
how your work is relevant to meeting those needs. To keep expenses in check, look for
opportunities to play more than one role and leverage your diverse experiences. For instance, a
marketing manager who had previously taught school volunteered to take on sales training
responsibilities. (2) Give your boss hope by empathizing with him or her and inspiring your
team to pull together. Most leaders find layoffs agonizing. By empathizing with your manager,
you deepen your bond. You also demonstrate a maturity that’s invaluable— because it models
good behavior for others. The ability of inspiring your colleague can prove crucial during the
worst of times. (3) Become a corporate citizen by taking part in meetings, outings, and new
projects designed to support a reorganization. Following the best advice is no guarantee that you
won’t get laid off. That’s why you need a plan for handling a job loss. The first key to moving on
successfully is self- awareness. You’ll have better luck finding a new job if you know what
you’re good at and what you’d really like to do. Next is, don’t wait till you get laid off to update
your résumé. Revise it now, so that you’ll have it ready when you start approaching headhunters,
former bosses and colleagues, and industry contacts for job referrals and advice. Finally, think
creatively about your future.
This article helped me to be ready for the future. Time flies so fast, I will be graduating
soon and will be facing the real world. A real world in where I am going to experience applying
for a job and the possibility of losing it because job layoff is beyond my control. Upon reading
this article, it gives me an idea on how to protect my future job in a recession and to face it
positively. I learned that there are a lot and more difficult challenges that I may encounter. More
difficult than what I have experienced as a student. But the thing that really comes to my mind
upon reading this article is by being positive. Positive thinking is a powerful process that can
improve your professional life in a variety of ways. Thinking positively at work may help you stay
motivated and work better with others. Great positive thinkers understand that life can be challenging,
but they approach challenges with determination rather than defeat. They move forward decisively and
seek help when they need it to get the job done. Since they believe in themselves and their abilities, as
well as the abilities of others they work with, positive thinkers feel confident that they can conquer
whatever obstacles they encounter.

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