2023 marks a new chapter for the tech industry, and as the winds of change continue to blow, job security is a pressing concern for many working in this industry in the face of layoffs and other industry disruptions. But don’t let uncertainty hold you back! Remember, you can only control what you can control, and that’s exactly where these three tips come in. Consider them your GPS for navigating this potential challenge now and in the future.
Tip 1 – Clearly map your key stakeholders who may impact your job security
To map out your key stakeholders who may impact your job security, ask yourself these questions:
- Who matters? Make a list of people or groups who have a stake in your projects, your performance appraisal, your job security. This could include your manager, co-workers, customers, suppliers, and regulators, among others.
- How powerful are they? Power may seem like a straightforward concept, but quantifying it can be a bit tricky. With no set rulebook and varying perceptions, it’s best to view power in terms of comparison. Who’s got the upper hand in your project, who influences your promotion? Who’s calling the shots? Your goal is to scout out the resources that individuals and organizations bring to the table and how they can sway the outcome of whatever you are working on. Consider their decision-making power, level of interest, and ability to make things happen.
- Who is more important?: Prioritize your stakeholders by evaluating their level of influence and needs. Every stakeholder is part of a network where they share information, resources, and sometimes work together. Understanding these networks can help you spot key relationships and influencers. Keep track of each stakeholder pair’s relationship strength, connections (financial, informational, social), joint activities (political, work, social), and preferred communication method (in-person, phone, email, social media).
- What’s the next steps?: Create a plan to engage with each stakeholder and address their needs. This could include communicating with them regularly (schedule social connections e.g. lunch, coffee) addressing their concerns, and working with them to achieve mutual goals.
Tip 2 – Remind and/or demonstrate value to the key stakeholders
Sometimes, amidst the hustle and bustle of work, we forget to showcase our accomplishments and the value we bring to the table. The old saying “if you build a better mouse trap, the world will beat a path to your door”, may not always ring true in the corporate world. As a team lead, it’s essential to paint a vivid picture of your team’s achievements, skills, and impact on key internal stakeholders. This way, you ensure job security and future growth opportunities for you and your team.
Showcasing your team’s worth requires creativity and deliberate effort, including engaging in internal marketing and storytelling. By highlighting your team’s strengths and how they align with the company’s goals, you can build trust and credibility with internal stakeholders. Doing so sets yourself and your team up for long-term success and stability.
Here are some guiding questions:
- What are your key stakeholders’ business goals and objectives, and how do they align with your team’s work?
- What are the current perceptions and opinions of you and your team among these key stakeholders, and how can you improve them?
- What are the pain points or challenges faced by internal stakeholders that your team has addressed in the past and can address in the future?
- What internal communication platforms are available to showcase your team’s achievements, ongoing projects and activities?
- What have you done to encourage your team members to network and build relationships with key stakeholders, showcasing their expertise and value?
Tip 3 – Communicate with your reporting officer and be proactive
Regularly communicate with your manager to stay informed about changes within the company and discuss your career goals. This will help you understand how you fit into the company’s plans and increase your chances of avoiding a layoff. Be proactive and don’t wait for your manager to approach you about layoffs. Instead, communicate openly and honestly with your manager about your job security concerns, and seek their guidance on steps you can take to protect your job. This will help you understand your position within the company and take steps to protect your job.
In conclusion, by identifying your key stakeholders and demonstrating value, networking and building relationships, communicating with your reporting officer and being proactive, you can increase your chances of avoiding a layoff during a difficult time.
And remember, your updated resume is your trusty sidekick, ready for action when needed. If you want to learn how to position yourself better to win confidence and recognition, we can help. Check out our Personal Branding workshops.