Skip Nav
Buying a House
How to Prepare Your Credit to Buy a Home
Job Search
4 Lies You Shouldn't Tell Your Interviewer
4 Lessons I Learned From Starting Over Professionally

Should I Look For a New Job While I'm Still Employed?

Ask Savvy: Should I Look For a New Job While I'm Still Employed?

Dear Savvy,

I've been relatively happy with my job as an executive assistant for the last three years, but the company I work for has been going through financial problems and I've heard rumors of layoffs in the near future. My boss keeps alluding to his stress over the company's well-being, though he hasn't mentioned anything about my specific position. I don't want to jump the gun and assume that staff cuts are coming soon, but it's hard to go on about my business when I'm concerned about my future with the company.

Do you think I should start looking for a new job, even though I'm still employed? I don't want my boss to find out and then fire me because of my actions, especially if there were no plans for my exit in the first place. I can't afford to be without a paycheck and don't want to make the wrong move.

Savvy says: The pink-slip rumor mill has been the cause of one too many blood pressure spikes and panicked job searches. To see my tips for how to proceed in your situation,



Whether or not there's validity to your concerns about being laid off, it's always best to prepare for the worst. Set yourself up so that you're ready for a job search if your position does become obsolete. Start thinking about what kinds of positions you'd want to apply for and which companies could be a good fit. Figuring out your ultimate direction now will save time later.

You should always be ready with a current resume, especially when you think a job search could be around the bend. If you've been working in the same job for the last three years, it may be that your resume is three years out of date. Update it and save it somewhere other than your computer at work. Also, it's never too early to begin networking. Dig up your contacts and start getting in touch; it can be as simple as saying it's been a while and you're just checking in to see how everything is going.

Depending on your relationship with your boss, it could be beneficial to request a meeting to discuss your concerns. Whether your boss's answers are reassuring or further your concerns, you should still take the steps to be ready should the axe come your way. And if your boss gives you no reason to doubt your uneasiness, then yes, looking for a new job now could be the best plan of action.

Image Source: Getty
Join The Conversation
jelibeann jelibeann 7 years
in my personal experience, my boss really appreciated a heads up when i was ready to leave...she helped me with my resume and even let me work part-time while i searched - she considered it a sign of respect that i was honest with this particular situation, it definitely worked out in my favor...i left for a year after finding another job, hated it and wound up being recruited to come back to the first place...of course, your situation is a bit different, so if you're planning to stay if you can, express your concerns (another topic my boss is open and honest about), but avoid discussing a job search...i would tend to agree with keeping your resume up to date and networking whenever possible...the large majority of people find jobs through word-of-mouth opportunities, so the more people you know and impress, the easier your next job search will of luck!
c4rolin3 c4rolin3 7 years
i've always been advised you should never quit a job before you have another to go to. in the same respect i think it would be blind stupid to not be actively looking if you had an inkling you may lose your job. the perfect situation would be that you got a severance package or took voluntary redundancy and you already had another job lined up.
care0531 care0531 7 years
I have been in a similar situation with my job. I have been looking to see what's out there- not applying and interviewing but seeing what I might be interested in doing if I did get laid off. The good news is my company gives a nice severance package so that will help me while I look for something.
Prince Harry With Prince William and Kate Middleton Pictures
Jobs For Shy People
Jobs With Less Demand in 2016
Worst Mistakes at a New Job
From Our Partners
Latest Career & Finance
All the Latest From Ryan Reynolds