Tuesday, January 6, 2009

Is Your Job Safe?

New year, 2009 begun with major hiccups in the world economy. As economists predict worse is yet to come. Bernard Baumohl, chief economist at the Economic Outlook Group said "the job market will continue to deteriorate for the next couple of months,"

Baumohl expects monthly job loses of 550,000 to 600,000, but "it may very well exceed 600,000 too because of the severity and speed this economy is sinking into a recession," he said.Baumohl predicts unemployment rate will be 8.5% by December 2009. Baumohl said the jobless rate will peak close to 10% by the end of next year or early 2010.

This is a quick exercise to do a status check on the "safety" of your job. The questionnaire is in no way complete. The focus is to make you think beyond the "job responsibilities" outlined in your offer letter.

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