Managing Your Financial Oversight: Planning Ahead if You Lose Your Income
From CEO of Your Career · 15:02
Show by Lindsey Garito
How prepared would you be if your income disappeared tomorrow? Layoffs are rising, job searches are taking longer, and work is no longer predictable. That is why financial oversight is a key strategy of being CEO of Your Career.Microsoft’s voluntary exit offer and Canva’s first layoff show that even the most prominent companies reduce headcount. An LHH benchmark study found that 66% of HR and business leaders expected workforce reductions in the next 12 months. On top of that, the average job search is currently lasting at least 27 weeks. This episode is a practical check in so you know your numbers, feel prepared, and stay in control of your financial future. Even a generous severance package is not a reason to delay planning, and the same clarity helps if you are weighing a move from corporate work to entrepreneurship.Episode Highlights00:00 How would you feel if your income vanished tomorrow?01:00 Recent Microsoft and Canva headlines03:35 Layoff forecasts and the 27-week job search timeline05:03 Take stock of your finances before a disruption09:02 Review retirement contributions and workplace accounts10:23 How to track your finances11:48 Don't wait until severance is almost over13:14 Turn uncertainty into a timely financial check-inYou've don't have to navigate your career alone. Let's work together!Stay ConnectedSign up here for the CEO of Your Career newsletter to stay in touch.Follow on Instagram | Follow Lindsey on LinkedIn
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