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WSJ Your Money Briefing

Think You’re Indispensable at Work? Think Again

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.81.6K Ratings

🗓️ 4 April 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

Many workers who have built up knowledge and skills to the point of feeling indispensable have discovered they are more at risk of facing job cuts. Wall Street Journal “On the Clock” columnist Callum Borchers joins host J.R. Whalen to discuss. Listening on Google Podcasts? Here's our guide for switching to a different podcast player. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Support for this show comes from SoFi Invest.

0:03.0

Alternative investments are now available on SoFi.

0:06.0

Unlocked the potential to build and protect your wealth,

0:09.0

with alt including real estate, venture capital, pre-IPO unicorns, and more at sofai.com slash W.S.J.

0:16.5

Alternative investment funds have unique risks, including the risk of loss, may charge high fees,

0:21.2

can be a liquid, and aren't suitable for all investors.

0:24.0

Investors should carefully consider the investment objectives, risks, charges, expenses,

0:28.1

and important information contained in a fund's prospectus prior to investing.

0:32.2

SoFi Securities LLC, Memberra, SIPC.

0:36.0

Here's your money briefing for Thursday April 4th.

0:42.0

I'm J. R. Whelan for the Wall Street Journal.

0:47.3

Are you indispensable at work? The feeling that all the knowledge and skills you've accumulated

0:52.0

equals job security might give you a

0:54.1

sense of comfort but it could also backfire. Think about your promotion potential.

0:59.6

If nobody else can step in to do your old job, how can I promote you, how can I elevate you into

1:05.2

a higher level job?

1:06.6

So if you want to think about it from the employee's shoes, what these managers have said is,

1:10.3

if you're gunning for that promotion, actually try to train up the people underneath you so that you are replaceable.

1:16.5

We'll talk to Wall Street Journal columnist Kalam Borschres, after the break. the less your business spends the more margin you keep.

1:34.0

Net Suite by Oracle brings accounting, finance, inventory, and HR into one proven platform,

1:40.0

helping you reduce costs everywhere.

1:42.0

Now through April 15th, Net Suite helping you reduce costs everywhere.

...

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