Lessons from Tata Tele shutdown:
The closure of Tata Teleservices Limited (TTSL), the telecom unit of Tata Sons, will put thousands of its employees on the road. The Tata Group has informed the government that it plans to shut its wireless business, and will start the process in a month. There were 5,101 employees on its rolls as on March 31, 2017, as per the latest annual report.
Though TTSL is preparing an exit plan for most of its employees, which includes a notice of three to six months, severance packages for t ..
When new jobs are hard to come by and a lot of companies are retrenching employees, everyone must plan for the eventuality well in advance so as to avoid panic at the last moment and the resulting inability to survive the layoff. Below are a few steps you can take in advance and a few others after you have lost your job.
MANAGE YOUR MONEY
Build an emergency corpus: Whether the spectre of a lay-off is looming or not, make sure you have a contingency corpus equal to six months’ expenses at your disposal. If you suspect that the job market is shaky, shore up another six months of loan EMIs.
MANAGE YOUR CAREER
First try within the organisation: If you think you are likely to be laid off due to poor performance, speak to your bosses. Ask them for a chance so that you can improve. If that does not work, try getting a new profile. Seek transfer to another department or location
few tips i would love to share….
Reach out to your net work….
Do value addition in skills
Start part time work but do not make it first time.
Control your all expenditure
Do not lose balance of mind…
keep trying … future is not lost.
Do not bad moth your employees….
Do not jump in to retirement box….
Never lose hope…
Start working in network… even if you do not get money….
i believe this tips will help friends….