How to survive job cuts?

Job cuts have become common across the globe. Last year numerous companies have been laid off the employees as a part of cost reduction. Times are uncertain and job stability is a big question mark. So, it is important to look around the world and stay diligent, watch out for the signs which indicate the layoffs just around the corner. Here are few tips to survive a job loss and face the unexpected job crisis.

Maintain a good relationship with the current employer
Act professionally with your current employer. If you are relieved from your services you will get 30 days time to look for a new job. Use this time to upgrade your skills and update as per the changing market conditions. Invest as much as time to get a new job. Your hard working nature and good behavior at work may help you find a new job. That’s why it is important to maintain good relationships with your current employer.

Reach out to former employers
Use your network to search for the suitable job position on your current skills. Reach out to your ex colleagues and explain them about your situation. If you haven’t networking till now, then start today to widespread your wings and meet new contacts and professionals.

Focus on what’s in your control
Some things might be beyond your control and certain things might be in your control. Sometimes your current employer may approach you to take-up a new role for the same company in another department. Accept this new opportunity with an open mind. You may take-up the opportunity as a temporary option and look for suitable opportunities on the side.

Keep your options open
Keep y our options open. Don’t limit to the current work location. Look for job opportunities in different job locations. Taking geological constraints may double your job wining chances and finding a job will look much easier.

What does mean by “Tailor your resume”

Are you applying for a job? Tailor your resume is the buzz word in the process of job search. What does tailoring your resume mean? What content you should include,Your resume and how many changes do you need to make? Wisdom jobs gulf career edge experts suggest few ideas to get started.

1.Actually Read and Try to Understand the Job You’re Applying For
Read the job description carefully. Go through highlight the important points related to your skills and experience says wisdom jobs gulf reviews career edge experts . You can’t tailor your resume for a position if you don’t really know what the job role.

2.Make Your First Point Immediately Relevant
Next, look for what exactly the hiring manager is looking for. Take your resume; find the experience that would make him/her excited about your application. Rework on your document and add some specialized certifications or the freelance work you do on the side finds wisdom jobs gulf reviews career edge experts. Tailoring your resume means finding what is relevant, adding experience or qualifications that will make your resume standout in the crowd.

3.Revamp Your Bullets Even for Less Relevant Experiences
Add relevant bullets of experiences in your bullets. From the job description add all technical qualifications to complete your job. You can list out Strong communication skills, ability to work in a team, and other soft skills are probably listed as well.

4.Check to see if it’s Clear Why You Are Applying
Make sure you’ve tailored your resume that can explain why you’re interested in the position just based on reading your resume says wisdom jobs gulf complaints career edge experts. Tailoring your resume is most important part of the job search do; it needs a little extra work.

What is Advance statutory bonus?

Advance statutory bonus is a type of bonus paid to the employee in advance. The statutory bonus is paid according to the 1965 Act of Payment of bonus. The statutory bonus is paid at a minimum rate of 8.33% on salary to a maximum are of 20%. Employees that are eligible for statutory bonus are the persons who do not draw monthly wage beyond 10000. Statutory bonus which is to be paid is calculated according to the available surplus and may vary between 8.33% to 20%. Salary not only include basic but also other components such as a bonus says wisdom jobs gulf career edge experts.

What is an advance statutory bonus:
What is an advance statutory bonus is explained as the bonus received by the employee in advance from the employer according to the amendment of Bonus Act. A recent study on Payment of Bonus bill of 2015 states the annual payment of bonus in particular establishments. According to this act, the payable bonus is calculated on the basis of employers profit and employee salary. This Act informs that the employees who draw a monthly salary of 10000 – 21000 are eligible to receive the bonus. Bonus are additional payments added to the salary from the profits if the company. Certain establishments which are mandatory to pay the bonus are the organizations with at least 20 employees and should be of minimum 5 years old and whose employees don’t draw more than 21000 per month finds wisdom jobs gulf reviews career experts.

According to this Act, wages are a sum of basic + DA and maximum statutory bonus has been revised to 20% of the minimum wage or 7000.
In case of retired employees, they are eligible for arrears and the bonus for the current employee should be paid within 8 months after the completion of the financial year and it is paid for the following financial year. Previously the ceiling point for the bonus is 3500 but now it is revised to 7000 says wisdom jobs gulf complaints career experts.
Advance Statutory bonus is calculated by the minimum( 8.33%) or maximum ( 20%) of 7000 or the minimum wage

Here’s why employee development programs are important at workplace

Organizations across the sectors are increasing their hiring processes and making them more fit for their current workplace followed by successful onboarding says wisdom jobs career edge experts.
Strategically investing in career growth of employees

However, both employees and employers investing in developing their employees. Investing in training will add to the work culture, organizational strength and business growth. It encourages their employees to learn more about it relevant to work related changes and make them competitive in their career edge finds wisdom jobs reviews career experts.

Leas attrition rates create, long term business growth can be established by the management. Flexible learning options, adopting mobile solutions that are available on demand can be done at the convenience, pace and time of employees. Moreover investing in the career growth of existing employees creates value that the former’s contribution and interested to see employees succeed in the long run says wisdom jobs complaints career edge experts.

Ongoing training and developmental programs is the key
Ongoing training programs to millennial such as buddy programs, job shadowing and coaching help them gain in-depth knowledge in areas they are working on. Career advancement tips also provided here. Managers also design meaningful learning opportunities for high performing employees. Soft skills, such as time management, communications and leadership can be enhanced.

Better employees lead to better workplaces
It is known fact that trained employees will exhibit more quality work and this will increase the productivity as they strive to gain. Managers should be encouraged to coach their team members and manage the short-shelf-life learning and developmental requirements as well. Effective managers contribute to employee engagement and effective workplaces. While enhancing internal communication, inter departmental co-ordination, networking opportunities for employees positive brand image will develop at certain extent.