Showing posts with label redundancy. Show all posts
Showing posts with label redundancy. Show all posts

Wednesday, March 11, 2009

Take Control - Shorten the Layoff

It's easy to view a layoff as an end-of-the-world situation. Few experiences are scarier than losing your job and the risk to your financial security that it brings.

The emotions; fear, loss and desperation, that grip you after you've been laid off are unhelpful and potentially destructive emotions. They drain your energy, distract you from picking yourself up and effectively prevent you doing the work you need to do to find a new job. You know you cannot allow these emotions to consume you and must work at battling through them.

Dismiss and fight the thoughts that unemployment is the end of the world, it is only the end of a small chapter in your biography. It is a good opportunity to improve yourself and to open another fresh chapter. Find out what you enjoy doing and what you do well, it is possibly different from what you were doing. You have an opportunity to be better off and stronger, than you were before, both emotionally and economically.

The key to success is maintaining a positive attitude. This is especially so in an interview situation. Potential employers can detect a candidate's fear and desperation, as easily as a shark can smell blood. Keep a stiff upper lip and play the most positive role of your life, being you.

Here are seven tips you can consider for getting through the initial layoff feelings, even in a bad economy;

1. Negotiate for the best package, for you.
Don't think that you have to accept whatever severance package your manager or HR puts in front of you. Your severance package (everything) is negotiable, don't feel pressured to immediately sign on the dotted line. Take the time to read the severance package, even if it's 20 pages long.

Your employer gives you a hard time but hold your ground and tell the manager that it's unreasonable and unacceptable for the employer to ask you to sign something, without first reading it in detail.

Beware of the covert threat, 'If you sign this right now, you'll get your best deal. If you don't sign it, you'll get a worse deal.' You do not have to agree with their flawed logic. Tell them you have to sleep on it and take the document away from the office. This should not surprise them and they would be foolish to try and stop you. It is important that you study this document in detail and in a relaxed atmosphere. Seek objective and knowledgeable advice.

To help you prepare for severance negotiations, consult your contract and HR manual for information about what kind of severance package you should expect from your employer. That way, you can plan ahead of time what other elements of a severance package (e.g., career counseling, health insurance) you might need or can request.

If you require more information than what's included in the HR manual, then seek out and politely ask other employees who've been let go, what they received for severance. It would be a good idea to form an ex-employee support group.

When it comes to actual negotiations, negotiate one perk at a time, whether it be the money, healthcare or career coaching, rather than going after the whole package. You will always get more if you look at one thing at a time. Your mantra should be, 'I just want to be treated fairly and receive the support and benefits that I am due.'

Initially conduct negotiations on your own, without a lawyer, not just because of the expense but also once you get lawyers involved, it's taken out of your hands and it becomes lawyers talking to lawyers. Its always better to try to work things out with your company in a congenial and rational manner.

2. Don't defeat yourself
Remember that after you've been laid off, you will feel vulnerable. When you feel vulnerable, it's easy to look to far ahead into a gloomy scenario and to sink into depression. It is difficult to resist those negative thoughts but for your own well-being and the success of your job search, you have to fight against it.

Do not dwell on all the reasons why your employer might have selected you for a pink slip, remember that the fundamental reason you lost your job economic not personal. Your employer was having trouble competing during this economic downturn, not because you're a bad worker. Remember that high numbers of talented, hard-working professionals are getting laid off and that you are not alone in this. You still have great potential and will be a valuable employee at another more stable company.

There are still a large number of companies that are in desperate need of highly experienced, quality employees. There is something else out there for you, a great opportunity that will improve your future. You may have to work for it. You may have to study for it. You may have to manage the change.

3. Examine your finances, closely
If you have Excel or similar, build a spreadsheet model of your personal finances. Closely examine your outgoings, expenses and your savings, to determine, exactly how much money you'll need to cover your expenses during the time you're unemployed. You can hope for the best but plan for an extended period of time e.g., more than three months.

If you know your budget i.e. how much money you have on hand, it may put some of your anxiety to rest. It will be a bit of a reality check but if the exercise of planning your finances sends your anxiety levels and blood pressure through the roof, then try and turn it around to give you strong motivation to find a new job.

4. Make job-hunting your new job
Do not consider yourself a vitim and you are certainly not a prisoner in your own life. Stay active and take regular light exercise, it will help dissipate the negative feelings and increase your circulation. Now, its important to devote the time you previously spent at your old job to looking for a new job.

Your new job is 40 hours a week looking for employment. Stay busy and focussed on your task. Your mood and motivation may be a bit cyclic at the beginning. Be aware of this, recognise it but don't lie down to it. Make a plan, build job seeking activities and keep a routine going.

By continuously working toward getting a new job, you bring structure and discipline to your life and you'll feel better about yourself because you have stopped seeing yourself as a 'vistim' and you are taking control of your situation.

If you do this, you'll find that you have less time to dwell on your recent layoff and less time to sink into the negative thought patterns that are associated with it. If these thoughts continue and become a problem do not hesitate to seek help and advice from your doctor. Short term, event driven depression is a well documented condition and can be readily treated but, like all illnesses, it needs to be diagnosed and treated early in its onset.

5. Expand your search
Do some research. You may have been out of the job market for some time. Find out what's going on in your field or expertise, geographocal location and beyond. Find the success stories, the well-funded organisations, the new, new thing, etc. Its out there and it needs to be developed, manufactured, sold and supported. Where would you fit into this cycle?

Make a long list of industries and organisations in your chosen location(s), preferably those industries where you could put your skills and experience to good use. Don't worry too much about who are advertising vacancies and might be hiring, just develop a long list.

You cannot de-select companies because you don't want to work for them. You are just shrinking your pool and greatly reducing your opportunities. Be realistic, put yourself in a stronger negotiating position in the event one of those firms suddenly has a position for you. Simply consider them as a shorter term opportunity. Somewhere you can gather knowledge, experience, and extend your network. I guarantee you will meet some very good and interesting contacts, wherever you work.

6. Online applications and search firms
Although the Web is an invaluable resource for researching companies, it's not always the best medium for submitting job applications and résumés. Some say that its not an original or unique way to find work, 'If you can do it, about a million other people can do it, too." Companies can get hundreds, even thousands, of résumés for one posting. That is not the best way to get a job but don't dismiss it.

Explore your network to make contact with senior people and hiring managers inside the companies where you're interested in working. You are looking for friends of friends or colleagues of colleagues. People who can introduce you directly to key managers.

Recruitment and search consultants may yield some help in connecting you with a new job but they are generally geared up for buoyant economic conditions, when there's lots of competition for labour.

Rememeber to attend as many conferences or networking event as possible, somewhere you have the opportunity to make personal connections.

7. Stop reading bad news
Don't pay too much attention to the news about the economy because the news is, by definition, always going to be attention grabbing; shock, horror and downright bad. It does make people very discouraged at a time when they need to stay optimistic. Your attitude, in the form of discouragement, negative thoughts and lack of stamina, is the biggest obstacle to finding a new job.

Employers want people who are flexible, resilient and open to and understand the need for change. Variety is the new constant!

Monday, March 2, 2009

Reduced Security

An urgent demand for talent in several areas is eclipsing broad, knee-jerk reactions to greatly reduce budgets and cut staffing levels, projects and fixed asset purchases, without thinking carefully about the consequences and future requirements.

Undeniably employers made mistakes in past downturns, huge miscalculations founded in the white hot heat of cost-cutting that wounded them badly later on. It limited their ability to respond quickly and when the smoke cleared and the rebuilding started, they were left floundering.

It just shows how little IT management has learned since last time. Managers have not learned the lesson that it's not just about cutting spending, it's about managing the risks and being smart within their spending limitations. Know your boundaries and work within them.

One of the worst instancies if this in the IT security field. Current economic conditions are having a negative impact on the majority of security budgets. Many companies have initiated a hiring freeze or staff reduction exercise, necessary measures due to the financial crisis.

Security-decision makers in over 100 companies have been asked about their spending plans for the coming year and to gauge the impact current economic conditions are having on budgets. Of 159 respondents, 64 percent indicted that the economy was having a negative impact on security spending. Another 19 percent said the economy currently had no impact. Just 6 percent said the crisis was having a positive impact on their organization's security budget.

Security budgets will decrease for 35 percent of respondents and remain the same for 42 percent. Just 23 percent thought spending would increase in the coming year. Those numbers are a switch from last year, when more companies expected to increase security spending. In 2008, 38 percent of companies planned to increase their security budget and just 24 percent expected to see a decrease in spending.

One firm is actually in the minority and plans to spend more on security in the coming 12 months. "We are increasing from previous years. I would have to say the increase is around regulatory issues as well as general responsible security program expansion."

Security spending is often driven by compliance and policy decisions. This falls in line with what other companies also said, with a majority indicating that policy and compliance are the main justifications for security spending.

Security decision-makers were asked if they planned to increase or decrease spending in the following areas: Business Continuity/disaster recovery, data loss prevention, identity management, compliance and regulations, outsourced security systems, physical security, policy and risk management, and staff.

In all but one category, more than half of respondents expected spending to remain at similar levels.

However, when it comes to spending on staff, 41 percent expect to see a decrease in spending. Close to 60 percent have either implemented, or plan to implement, a hiring freeze.

Additionally, 35 percent of companies asked, indicated they have had to go beyond a hiring freeze and have actually reduced security staff, or plan to reduce headcount in the next 6 months. It will be interesting how this affects security in the coming months and whether we will see more outsourcing of protective measures. A dangerous path to walk and one that can only increase the threat to organisations.

Let's hope we soon see an end to these 'interesting times'