In this video, I want to tell you about four reasons why being loyal to your employer is overrated. And then tell you about five things you can do instead to make sure that you never find yourself being in a situation with the rug being pulled under you.

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0:00 - Introduction to Being Loyal to Your Employer is Overrated

0:40 - Reason #1

Ultimately, at the end of the day, if you look at what's happening right now in the world, and you just look at what's going on in the tech sector, for example, and you visit to a website like layoffs.fyi, You can just scroll through the endless number of companies that are laying off team members across the board.

Something to keep in mind is that employers are never loyal to employees. You are always at a form of a relationship in which you are exchanging your time to work at a company, and you have to remember that.

3:42 - Reason #2

In fact, in a study of Americans who changed jobs during the pandemic, 49% saw a pay bump by switching employers. In other words, they were getting underpaid by somebody else or somebody else valued their talents a little bit more than what their current employer did.

4:51 - Reason #3

It's something in which if your boss wanted to fire you today, they could go ahead and make that happen. There's no reason or need for them to give you more than the same days notice. If they really just wanna get rid of you. And so what you have to understand is that that goes both ways.

When you sign that employment contract, you are also at will in which it's polite for you, if you wanted to give two weeks notice or even four weeks notice to your employer, that you can do so, but you could also just quit that day.

Another thing to keep in mind is that ultimately everything is at will. You can just quit one day and vice versa as well in their direction that they can just fire you one day and knowing that, changes the way that you think about the relationship that you and your employer have.

6:12 - Reason #4

You as an employee are always gonna be subject certain pieces of information that your employer wants to tell you.

In fact, you're always gonna be operating off of some sort of world of incomplete information. And that's really important to keep in mind, because even though your company, for example, can be really profitable doing really well, they can still make calls that may not be in the best interest of their employees, just because they think that that's the best direction for them.

8:03 - Keep this in mind

The first thing that I can think of that would be really important for you to keep in mind is that you just need to make sure that you are delivering exceptional work and becoming indispensable for whoever it is you're working for.

8:56 - Always consider other options

Keep a door open regardless of how happy you are in your job. In other words, keep a pulse on the market, especially in times like these, in which there's a rising interest rate that are often highly specialized knowledge worker sort of roles.

10:06 - Make sure you have this ready

The worst thing that can possibly happen for you is to be in a situation where you are living paycheck to paycheck on your job, because in the case where your employer decides to do a round of layoffs, or even just fire you, you're caught holding the bag of all the, you know, things that suck about the world at that time.

11:12 - Do this instead

The last two things that I tell you to keep in mind or do instead is ask yourself, what do you really want out of a job? What do you value? For some people it's having a consistent place where, you know, the expectations are really clear for them.

✍️ COMMENT BELOW:
How will you prevent yourself from getting into this situation?

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Disclaimer: Grow with Will does not provide tax, legal, or accounting advice. This video, and the ideas presented in it, are for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice.

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