Want to safety-proof your job? Learn the following 12 signs to stabilize your career, and discover when it's time to escape a sinking ship:
The bills aren't paid on time. If you work with a creative agency, freelancers, outside IT, event management, or in another similar service, and your provider is telling you that their bills aren't being paid on time, your ears should perk up. Don't let the accounting department blame it on a temporary cash flow problem; ask what's really going on.
You don't get paid. Even companies in trouble will do everything in their power to pay employees first and every other bill second, so if you're not getting paid or your check arrives late, know that your company's financial situation is pretty dire.
No raises. Businesses need to invest in talent. Not only do stingy raises bring down morale, but it guarantees the loss of top performers as well. Happy employees are such a significant part of a sustainable business that if you hear the news that there are no salary increases for the year, run for the hills.
Leadership changes. When your CEO or president is pushed out of the company, and new leadership comes in, it's time to activate your backup plan. Regardless of whether you do phenomenal work, new leadership often means a new vision and direction—one that may not include your position or even your department.
High turnover. Do people keep quitting? It's often a sign of poor management, salary, and benefit practices. Constant turnover affects the entire organization too; new employees act as roadblocks until they receive the required training they need to get up to speed.
A hiring freeze. Some companies will tell you about a hiring freeze, but many others simply won't fill a position when an employee quits. The explanation may be that the old position is redundant or no longer relevant to the organization's current goals, but more likely, the company needs to save cash.