Work for a Profitable Company
By Guide J. Steven Niznik
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If you wouldn't risk your investment money in a company, should you risk your career investment?
Often, job seekers settle for the first job offer that comes along. Older job seekers might do so because they are burned out by the interview game, and have huge mortgages and orthodontists bills to boot. Entry-level job seekers might do so because they're inexperienced at the interview game, yet anxious to start their careers. Laid-off job seekers might do so because they feel desperate.
But if you accept a job with the first company that offers you one, without researching its financial health, all too soon you might find yourself right back in the grueling interview game. You can't always assume that hiring is a sign of profitability.
Many companies follow five- and ten-year business plans and don't deviate much from them, until they draw up new plans. So, it's not uncommon for companies to conduct business as usual, even though their bottom lines are starting to suffer. But be assured that, if it continues, companies will take measures to trim the fat. They often do so in an emergency mode.
Employees are the biggest expense of all. So, when the bottom line is at risk, it's also not uncommon for a company to hire new employees, then turn right around and lay them off. When employers swing the layoff axe, it's typically newer employees who are in the path of its arc.
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