Ways of coping with job insecurity

In light of Covid-19, there are millions of people across the globe who will have suffered from job insecurity. Although sometimes it can be comforting to know that others are going through something similar to us, it doesn’t always resolve these unpredictable types of situation.

Whether you’re self-employed and have lost essential clients or have been furloughed by your present employer, the fear of losing your job will undoubtedly be playing on your mind. Needless to say, this ongoing anxiety and stress can affect your mental and physical wellbeing in a manner of ways. Research by the Department of Psychology at the University of Oviedo looked at the relationship between job insecurity and mental health and found that: “coping strategies play a moderating role”.

It’s natural for us humans to want a sense of security, especially when we need money to pay the bills and put food on the table, but what can we do when we feel like the rug might be pulled from underneath us at any given moment?

Ways to deal with job insecurity

1. Try to gain perspective and not overly worry before events occur. Although it’s easier said than done, by keeping a positive mindset, you will suffer less from anxiety and feel more prepared to deal with any eventuality.
2. Take time to look at your situation and imagine the worst-case scenario then start to put plans into place. Once you’ve done this, you’ll have already dealt with any negative outcomes mentally and be in a better state of mind should it occur in reality.
3. If you are still employed, up your game at work by taking on more responsibilities as this will not only make you more invaluable, but it will also keep you focused on the present moment.
4. Whether you’re currently furloughed or in still in employment, try growing your skillset. As well as making yourself more desirable for a future role if you do face unemployment, it will add more strings to your bow and make you feel more confident.
5. Don’t forget to take time out for pampering your mental and physical wellbeing. By practising activities such as yoga, meditation and mindfulness, you will significantly reduce your levels of stress and anxiety, which will help you cope with job insecurity.
6. Even if you’re not yet in a position where you need to seek alternative work, update your CV and keep a look out for other opportunities. This will put you ahead of the game and you will feel less helpless and desperate should you suddenly face redundancy.