Keeping your job for a longer period of time is finally becoming a reality.
A recent report by CIBC has found the chance of Canadians staying with an employer after completing their first year on the job has reached a near-record high of 60 per cent.
In addition, the report showed those with five or more years of service have a 95 per cent chance of staying in the same workplace for at least another year.
Jeff Schwartz, executive director of Consolidated Credit Counseling Services of Canada, says job stability is a key ingredient for financial success –
“Having a steady source of income is the first step to financial security,” says Schwartz. “But, it’s important to remember that it’s not how much you earn, it’s how much you save. If you work hard and save hard, you’ll be in good financial shape.”
Despite those statistics, it’s never guaranteed that you will keep your job until you retire. Here are some tips for how you can be the best worker possible which will increase your chances of job stability –
- Be productiveNo one wants a worker who sits around doing nothing. Offer to assist with projects, take the initiative to start on projects early (as long as this is fine with your boss) or just work hard and show you’re passionate about your job. That passion could result in a longer job stay.
- Be a team playerIf you are at a job with a large staff, you’re going to work together at some point. You need to make yourself an integral member of the team. If you’re the one employee who won’t work well with others, you might not keep that job for too long.
- Go to company eventsThis is one way you can show a commitment to your organization or company. Make sure you attend company picnics, farewell parties, seminars, etc. Attending any of these events gives your employer an idea of what this company and its employees mean to you. If you’re ignoring any form of communication outside the workplace, then you will appear to be only interested in a paycheque which won’t bode well for your future with the company. So go out, have fun, mix and mingle and you could just see your chances for success and promotion increase.
If you want to learn more about saving a lot of money without spending a lot of time, check out Consolidated Credit’s free Personal Finance educational section. If you’re struggling with debt, call one of our trained counsellors today at for a free debt analysis.