Career cushioning is a new workplace trend that is gaining popularity in India. It refers to the practice of building a diverse set of skills and experiences in order to protect against job loss or career setbacks. This can involve taking on additional roles or responsibilities within a current organisation or seeking out new opportunities outside of one’s current job. Here are multiple reasons why career cushioning is trending not just in India but globally.
Uncertainty in the job market: There are several reasons why career cushioning has become a trend in India. One reason is the increasing uncertainty of the job market. With advancements in technology and automation, many jobs are at risk of being replaced by machines or outsourced to other countries. This leaves employees feeling vulnerable and uncertain about their future prospects.
Changing nature of work:The changing nature of work is another reason for the popularity of career cushioning in India. Many companies are shifting away from traditional hierarchies and towards flatter, more flexible structures. This means that employees are expected to take on a wider range of roles and responsibilities, and must be able to adapt to new situations quickly.
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There are several ways that employees can engage in career cushioning. Let’s take a look at a few crucial ones:
1) Seeking out additional training and education: This can involve taking classes or earning certifications in areas that are in high demand, such as data analysis or cybersecurity. Another way is by building a diverse set of skills within a current organisation. This can involve taking on new responsibilities or volunteering for new projects.
2) Building a strong network of professional contacts: This can involve joining professional organisations or attending industry events. Networking can help employees stay informed about new job opportunities and can also provide valuable support and mentorship.
3) Seeking out new job opportunities outside of the current organisation: This can involve looking for part-time or freelance work, or even starting a side business. By diversifying one’s income streams, employees can protect themselves against job loss or career setbacks.
Benefits of career cushioning
Increased job security: By building a diverse set of skills and experiences, employees are better able to adapt to changing job markets and are more likely to have multiple options for employment.
Increased job satisfaction: Career cushioning can also lead to increased career satisfaction and personal growth. By taking on new roles and responsibilities, employees can expand their knowledge and skills and feel more fulfilled in their work.
Challenges of career cushioning
Finding the time and resources to engage in additional training or seek new job opportunities. This can be especially difficult for employees who already have demanding full-time jobs and personal commitments.
Managing the balance between one’s current job and any additional responsibilities or opportunities. It can be difficult to find the time and energy to engage in career cushioning while also maintaining a high level of performance in one’s current job.
Despite these challenges, career cushioning is a trend that is likely to continue to grow in popularity in India. As the job market becomes increasingly uncertain and the nature of work continues to change, employees will need to be proactive in building a diverse set of skills and experiences in order to protect against job loss or career setbacks. By taking advantage of training and education opportunities, building a strong network of professional contacts, and seeking out new job opportunities, employees can build a career cushion that will help them navigate an ever-changing job market.
Reference: Career cushioning replaces quiet quitting as the new workplace trend | CNBC TV18| December 21, 2022
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