Prepare yourself for Retrenchment
Speaking from my personal experience,there is no more job security nowadays.Having worked for 30 years,I suddenly found myself being retrenched at the age of forty nine and a half years old and with a family of three to feed.But however,I found another job withi8n a totally different industry and was able to work until my retirement.Now that I am retired I would like to share my experience with you.Throughout the world,many companiesn are already downsizing due to high overheads and stiff competition from lower cost producers.With the advent of China,Vietnam,Thailand,Malaysia and many other far eastern countries into the world marketplace,many big western global companies have moved their manufacturing plants to countries like China,Vietnam,Thailand,Malaysia where the overheads are very much lower.
As a result many workers in western countries have found themselves being laid off and with families to feed.Imagine being laid off at an age of between forty to fifty.What else could one do.At that age it would be extremely difficult if not impossible to find employment.
Another trend which results in lay offs is outsourcing.Many companies are outsourcing most of the work that were performed mainly by employees.These work have now been handled by freelancers and other micro-business with zero to about ten employees.
So if you are an employee,even with your years of experience,you will face a very real threat of losing your job as a result of downsizing or outsourcing.You must start thinking of developing a backup plan to cope with the immediate loss of income should it ever happen to you.
So what backup plans do you have in mind.Here is what many forward thinking employees are doing.Many have gone online to search for a good,reliable business opportunity.
Starting your online home business has more advantages than an offline business.It offers more freedom,time to spend with your family,very low overheads,very low start up costs($10 to $500),no employees etc.You can also earn a virtually unlimited income.The sky is the limit.
There are many good reliable home business around but I am going to recommend you one of the best.It is free to sign up and the monthly payment is very affordable.You can earn a 6 fogure income with this program and you will be fully mentored by the world's top internet marketing trainer,Drek Gehl.He will guide you to built up an online business from the very scratch until your business starts earning for you.It is backed by a 100 % money back guarantee.To realise your dreams kindly click on this url http://tinyurl.com/3vn3yn
About the Author:
I am a retired man and I would like to share my experiences with other people. I have experienced retrenchment in my working life and have worked in several different industries and my last job was as a customer relations officer in the hospitality industry.You can visit my blog at:
http://realiseyourself79494523.blogspot.com/
Article Source: ArticlesBase.com - Prepare yourself for Retrenchment