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How Career Cushioning Can Protect You Amid Layoffs or a Recession

 1 year ago
source link: https://www.businessinsider.com/career-cushioning-recession-layoffs-protect-job-2022-12
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Workers are 'career cushioning' by creating a Plan B ahead of a looming recession and sweeping layoffs. Here's how it could protect you.

Feb 3, 2023, 4:08 PM
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Some employees are "career cushioning" to protect themselves in case they are laid off. z_wei / Getty Images

  • Some employees are "career cushioning" to protect themselves in case they are made redundant.
  • The new workplace trend refers to employees creating a professional Plan B.
  • Some workers are keeping their options open, while others are actively applying for new roles. 
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Some employees are "career cushioning" to protect themselves in case they are laid off.

Layoffs and hiring freezes are picking up speed, especially in the tech sector, and some workers are getting worried about their job security ahead of a likely recession.

The growing concern around layoffs has replaced a wave of "quiet quitting" with "career cushioning," a new workplace trend that has employees scrambling for a professional "Plan B."

"With the threat of redundancy looming over employees, it's unsurprising that many are starting to plan ahead in the event that they may lose their job," Brean Horne, personal finance expert at NerdWallet, said in comments sent to Insider.

"This doesn't mean employees are changing their attitude towards their current role," Charlotte Davies, a career expert at LinkedIn, told Insider. "They're using 'career cushioning' as an insurance policy to set themselves up for success should they need to in the future."

What is 'career cushioning?'

The concept comes from a dating term. In romantic relationships, cushioning refers to people who consider other partners to soften the blow of a potential breakup. 

In professional life, "career cushioning" means workers will start to look for other jobs while still in their current roles. 

It can refer to employees who engage in any level of job hunting. Some are merely browsing job listings, while others are actively applying for new roles. 

Such employees are often trying to add an extra layer of security during uncertain economic times. Cushioning not only gives employees professional security but can also soften the emotional blow of being laid off. 

How can workers protect themselves?

Those who "career cushion" are normally trying to establish a contingency plan and improve their employability in case they are made redundant.

"Career cushioning" can also help employees "strengthen their networking contacts to help them transition into another position if they happen to lose their current one," Horne said.

For a lot of people, career cushioning is an exercise in building confidence, LinkedIn's Davies said. She recommended workers try to upskill if they are worried about job security.

"You can give yourself the confidence that if things do go wrong, you're armed with a wide set of skills to support a future job search," she said.


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