Given the massive layoffs throughout the tech industry in 2023, you can understand why job security is top of mind for many tech professionals. While job security might seem elusive, especially at startups with a shorter funding runway, you can take some steps to help bolster your position within your current company—and make your career stronger than ever.
Why Job Security Matters
Job security isn't just about guaranteed employment. If you work in tech, you’re well aware that things change quickly, and even the largest companies can implode or unleash layoffs. No, job security is about building your career to ensure your professional and personal well-being no matter what happens.
Here are some additional benefits of focusing your energies on optimum job security:
- Stability and peace of mind: A heightened sense of job security can improve your mental health and allow you to focus on other things.
- Bandwidth to invest in yourself: If you feel secure in your job and career, you can devote more time to training and education.
- Improved work-life balance: Without the constant worry of layoffs, you can devote more energy to your family and side projects.
- Better networking: When you feel secure, you’re more inclined to network with colleagues and those outside of your office, increasing your potential opportunities.
Building Job Security
But how do you actually build job security? This part breaks down into two components: shorter-term tactics you can use right now to solidify your current job, and longer-term ones that will “future proof” your career. Let’s take them one at a time:
Short-Term Stability
Enact these steps to help bolster your position in your current office:
- Become a master of your domain: Deepen your expertise in your current role, staying ahead of trends and mastering new skills. For example, if your company is seriously exploring the uses of A.I., you’ll want to proactively involve yourself in the teams working on that project.
- Transform into a problem-solver: Go beyond your job description and focus on projects that will contribute meaningfully to the company’s broader roadmap and revenue.
- Network, network, network: Build strong relationships with colleagues, mentors, and industry leaders. Your network can be your safety net during tough times.
- Communicate effectively: Articulate your value proposition clearly and confidently, showcasing your contributions to the organization's success.
Long-Term “Future Proofing”
If you’ve been in tech for any length of time, you’re well aware that things can change quickly. While you can’t always anticipate what will happen in a year—much less five or ten—there are certain ways you can ensure you’re prepared for whatever comes.
- Embrace lifelong learning: Invest in ongoing education and upskilling, mastering new technologies and emerging trends. Always take the opportunity for additional training and education.
- Diversify your skillset: Expanding your skill-set (and making sure you’re always on the cutting edge when it comes to your core skills) is important if you want to unlock new jobs and projects.
- Build a strong personal brand: Start a website devoted to your personal projects. Keep contributing to open-source projects as part of an ever-expanding code repo. Share knowledge online and at conferences. Whatever it takes to build a brand, doing so will establish you as an in-demand expert.
Job Security is a Continuous Process
Remember, job security is constantly evolving in response to market shifts and your own career trajectory. The more you invest in your skills, adaptability, and professional connections, the more resilient your career. You’ll be more likely to survive emerging threats such as recessions, automations, and layoffs.
If you’re in a management role, you can also do your part for everyone by advocating for fair labor practices, strong employee protection acts, and policies that prioritize worker well-being. By building a collaborative environment where employers and employees feel valued and protected, we can create a more resilient and secure future for everyone in the tech industry.
