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Dodging the cuts in banking jobs

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These days, the news seems full of stories about banks and building societies cutting bank jobs in the UK. And if you're currently employed by a bank, the ever-present threat of redundancy can be a troubling one. Instead of fretting, take action! The following tips will help you avoid the chopping block.

Show that you're valuable to the company

To stay in work, you need to prove you're a good worker. Banking jobs can be high pressure and stressful, and you need to prove you can handle it. Put in all your hours, and even more if you can, to get your tasks done to a high standard. As well as that, be proactive and see if there's anything else you can do for a little extra credit – if you're offered something with more responsibility, take it on.

Improve yourself

Completing your work is all good and well, but it's also the bare minimum of what's expected from an employee - so you're also going to need to prove that you yourself are completely brilliant and indispensable. Keep improving your skills and your understanding of your field. In banking jobs, it's always a good idea to buy subscriptions to publications like the Financial Times or business journals, and stay up to date with financial products. Learning new skills is a great idea too: if there's something that would help you do your job better, take a class, buy a book, or study for a qualification. There are lots of niche jobs in banking, and many of them are international, so learning something like a new language can make you invaluable to the company.

Learn to handle your boss

Different bosses work and communicate in different ways, so if you want to stay on their good side, it's best to understand - and aim to complement -their style and working habits. Engage with them more, and offer to help out with any difficult work or excessive responsibilities they have. Have a chat with them if you get the chance. If your boss considers you a comrade and someone who's good to work with, they're more likely to be on your side when the cuts come.

Get in with the higher ups

So you're friends with your boss, but what about their boss? Office politics are all about getting in with the right crowd, and the more high-ranking the crowd, the better. Introduce yourself and talk to higher-ups whenever you have the opportunity; make sure you're a face that they know and like. See if you can volunteer for boards or events that involve some of your superiors, and get to know them.

Involve yourself in the company culture

Banking companies are more than just a place to work. They have cultures surrounding them, and things constantly happening, so if you want to be seen as an imperative part of the firm you need to be a part of it. Attend any corporate events that are happening, and socialise with colleagues whenever you can. Spending a couple of lunch hours with your fellow employees can go a long way.

Be prepared

Sometimes, unfortunately, you can do everything right and the worst still happens. Being the best in your department means very little if the entire department is being cut. So, just in case, it's best to be prepared for what happens next. Keep a beady eye out for other roles you could take on next: browse job sites, keep your LinkedIn profile up to date, and have a look around. Find out what's happening elsewhere within the company too – moving sideways or upwards where you already are might be easier than starting afresh at another firm. Attend networking events to meet people, and stay in contact with them. You never know how they may be able to help out when the cuts come. Plenty of bank jobs in the UK are posted on HolyMoleyJobs.com, so head on over there when you're looking for your next role.  

                                               UK jobs 
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