Job Cuts: Dont Fear but Plan your Career !!!

It would be a spurious proclamation if I say that I am not feared of loosing my job in spite of working for a Financial Client in IT but at the same time I feel it would be a direct contradiction of self credence that I have in my abilities and strength. Yes there are news about companies taking measures on reducing costs and trying to make their balance sheets look better but till now I haven’t heard anybody who is doing astonishingly well at the job has been asked to relinquish. Most of them who have been laid of are non-performers, buffer resource or few unlucky ones whose company despondently gone badly with this hard hitting economy crunch.

So cheer up folks have belief in yourself and get back to work with more ecstasy and elation.

Analysis:
After scrutinizing sundry sources I unearthed that this current laying off of people in IT is not straightforwardly related to subprime crisis or bad market condition but for the past 3 years most of the major companies like Satyam, Infosys, TCS and Wipro have just continued with their average involuntary attrition which is in the range of 1%-4% and that isn’t change this fiscal year. More to it they are still on hiring spree and almost every company has planned 15,000 to 40,000 more employees this fiscal year.

Best Approach:
Whatever may be the circumstances star performers try to get the best out of it and have a positive inclination towards proving their worth and add to the continuous growth of their organization so what you have in the bag for the current situation?

• First and the most important thing is don’t be feared and don’t waste time in talking with fellow colleagues about what next as investing time in something on which we don’t have control is foolishness.
• Have faith on yourself and abilities and continue doing well at work instead of flouting down.
• Look for the opportunities that you can take additionally together with your current role/skills.
• Invest time in thinking about your career path and what additional knowledge/training you need and plan to achieve them.
• This isn’t the right time to switch job as the new job will have almost 2-3 months of your unproductiveness that leaves you in higher risks.

Money Matters:
Most of the IT folks believe in spending and then earning not other way round thanks to credit card evolution that enable us to do this. So this is the best time to do the best and prepare for the worst. Make sure you have ample funds that can sail you through 2-3 months even if you are hit by the worst.

Bol Bachan:
KAAL KARE SO AAJ KAR,
AAJ KARE SO AB!
PAL MEIN PARLAY HOEGI,
BAHURI KAROGE KAN!!

Means – Implement today what you have plan for tomorrow and work on those now which you have plan for today. You never know when the time slips out of your hand and you become helpless. In its simplest form its NOW OR NEVER.

Just think how long you have been planning to take additional training/certification on the technology you work on but still after 3-4 years you haven’t done it. So this is the best time to do it and invest your time in more productive activities instead of spending time on SENSEX or Indian economics.

Enjoy reading and leave your comments even if you contradict…