Showing posts with label Recession. Show all posts
Showing posts with label Recession. Show all posts

Thursday, March 26, 2009

Pink slip - keep all communication channels open



Pink slips are no longer news. It’s like, a neighbour’s just received one, a friend, a colleague, or a cousin has got the sack. It’s no longer something that happens to someone else. It could be just anyone, you or I. In a way it’s a great leveler—a pink slip scares everyone, right from the senior executives to the frontline staff. No one is immune.


A job is not just the loss of an income. A job is not just a job, it’s a career. It’s not simply the loss of a steady source of income. For a person it is his/her identity. Majority of the waking hours are spent at work. A lot of energy is spent on a project to nurture it. Family and entertainment are pushed to the back burner. And then without any notice, on a fine day, an HR executive calls for a meeting and simply puts it across, “We are sorry it hasn’t worked, we tried our best to retain you”. ID cards are returned, laptop handed over. It's like you are being stripped of your identity. The HR continues with its processes to clean up after you. Now there's nothing to show for any of your earlier efforts. Be good. You sure want your papers in order. You get sympathetic glances from the other cubicles. It’s not their turn yet! You ask someone to open the doors for you as you no longer have an identity card. And then you are out of there. The end.


Initial days are filled with hope. You’re sure you will be an asset somewhere. But then, nothing seems to be happening! Is there light at the end of this dark tunnel? None in sight, especially if you are a senior person. And, frankly, there’s no opportunity out there now. No one’s hiring. Your confidence takes a beating. It simply seems like you are in this tunnel forever.


Perhaps the best thing to do is to keep all channels of communication open. Hiding the fact would never help. You never know where help would come from. You might just be surprised!

Friday, January 9, 2009

Economic recession, a story

Scene: An IT company in Bangalore
July 2008

News: The company’s quarterly results are out and the projected revenue for the next quarter is quite a dream.
An employee calls the admin department, “I need two pencils. Could you please send it to my table?” “It will be there in 10 minutes”, replies the lady in the admin department. The items reach her table in less than 10 minutes.
Sept 2008
News: Fall of Lehman Brothers!
The employee calls the admin department, “I need two pencils. Could you please send it to my table?” She gets the reply, “Please come and meet me”. She goes to the department. The admin personnel says, “Please fill in a requisition form, sign and then take a pencil”. “But I need two, says the employee”. “Sorry, we can give you only one. We are trying to cut costs you know”.
November 2008
News: Global recession hits India
The employee goes to the admin department, fills the form for a pencil. The admin personnel says, “This pencil is for the whole team”. “wha…t?” “I hope you have read the internal circular about reducing overheads”. “Yeah”. “Anyways, I can’t understand what you want to write”
December 2008
News: Recession expected to worsen
The employee goes to the admin department, fills the form for a pencil. “The team needs a pencil”, said she. “Sorry, you will have to bring your own pencils. You don’t have any project. What do you want to write anyway?”
January 2009
News: An IT company chairman quits over inflated revenue; company in tatters.
The employee goes to the admin department and pulls out a box of pencils hands it over to the admin personnel and says, “Here, in case you need it, I just read an internal circular asking employees to contribute to help save the company”.