The rise of social media platforms like TikTok has given birth to numerous workplace trends, influencing employees and organisations alike.
- Career cushioning is a popular trend that encourages building a safety net for career and financial stability.
- This trend involves strategies such as creating emergency funds, continually developing skills, and expanding professional networks.
- Engaging in side hustles and optimising financial performance are also key aspects of career cushioning.
- Industry experts highlight the importance of career cushioning for future-proofing against job market uncertainties.
Social media networks, particularly platforms like TikTok, are increasingly shaping workplace trends, affecting employees and employers significantly. One such trend, career cushioning, advocates for establishing a safety net to protect against job and financial insecurities.
Career cushioning involves several strategies. Initially, setting up an emergency fund is essential, covering at least 3 to 6 months of expenses to alleviate financial stress during unemployment or unexpected expenses.
Another key element is continual skill development. Employees are encouraged to engage in learning opportunities to enhance their marketability. Whether discussing this with managers or seeking external courses, skill enhancement remains crucial in maintaining job security.
Building a professional network is also vital. Utilising platforms such as LinkedIn allows individuals to expand their connections in their respective industries, opening doors to future opportunities.
Considering a side hustle can supplement one’s income, contributing to financial stability. This additional income can stem from freelancing, personal projects, or even hobbies, offering both financial and personal satisfaction.
Finally, making informed financial decisions is advocated. By choosing high-interest savings options and efficiently managing funds, individuals can ensure their money is working as hard as they do, providing financial cushioning.
Aidan Cramer, the founder of AiApply, emphasises, “Career cushioning isn’t just about having a safety net; it’s about strategically positioning yourself for career growth and financial stability.” This approach is seen as essential in preparing for unforeseen challenges in the professional realm.
Career cushioning proves to be a pragmatic approach for individuals aiming to safeguard their careers and financial futures.
