How Good Is Your Coverage?

JoanHeadInsurance: As defined by Wikipedia it’s the “equitable transfer of the risk of loss from one entity to another in exchange for payment.” In layman’s terms it means we purchase a policy that protects our valuable resources.

We invest our hard-earned money in auto, life, homeowners and medical insurance so as to be prepared for an unforeseen event. God forbid you actually have to make a claim, regardless of whether it was due to your own carelessness or a random act of nature.

This got me thinking: Why don’t we have career insurance? (Note: This isn’t to be confused with unemployment insurance – that’s a temporary solution to what may be a long-term problem.)

After all, your career is ultimately how you fund the vast amount of insurance we have to purchase to protect our future securities to begin with. It seems silly when you think about it. How many people are actually ready for a lay-off, buy-out, or any other career-altering event? Few that I speak to.

Consider this challenging question: If your company went away today would you be prepared to job search in today’s new normal economy? I’m not talking about putting a resume together, I’m asking if you have all the essentials – the whole insurance package to ensure you have whatever it takes to get a better position than you had before. Yes, I said a BETTER position than you had.

If your house burned down you wouldn’t take the money and build the same old house again, now would you? So how do you build the security in your background to make sure you are prepared for whatever the employment world throws at you?

Compare your background to the job openings you see. Are you missing the necessary skills? Have you stopped getting trained or are you looking for outdated jobs? Are you properly invested in your future security? There are plenty of training opportunities out there beyond a typical education process.

  • Don’t run your future like you have in the past. Wrap your arms around the fact that you are responsible for moving your future forward, not your boss. Ask and seek out opportunities. And if you have to move to another company to get stronger, do it.
  • Keep a journal about the tangible contributions you have made to a company. Employers are going to want to know specifics
  • Act in an ownership way. Employers are doing behavioral-based interviews because they firmly believe your past behavior dictates a future response.

Stop using the word “luck” when it comes to your future. Because luck is where planning and opportunity meet.


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