Skip to content →

Tag: unemployed

The art of sailing in rough financial waters

Yesterday, I was talking to a young man who apologized for his loss of confidence.  He has had the spectacular privilege of being shipwrecked not once, but twice, in the grand drama of the 2008 financial crisis in the UK.

“Of course your confidence has been knocked”, I replied.  “But you’ve lost confidence in the world rather than yourself.  You just don’t get that yet.”

The earth is moving under our feet and I am seasick

The first time I went on a cross-Channel ferry,  I found myself suddenly feeling immensely ill, almost as if I had woken up in the middle of the night with food poisoning.  I was wide awake though.  I sat down abruptly, quite alarmed by the sensation of being critically ill.  Fortunately, my companions were experienced sailors and they realized the cause of my distress.  “We’re moving”, they said, very gently.  I would have worked it out eventually, but their kind words saved me from several minutes of worrying and the magnification of my physical discomfort.

I still get seasick, though I pride myself on my ability to puke neatly, to lie down quietly, and to take the discomfort without disturbing the rest of the party.  Yachting in the Caribbean last year, I resolved this has simply got to stop.  If I want to go on boats, and enjoy swimming in a warm sea, I have to learn to cope with ‘the earth moving under my feet’.

The unknown and the unknowable

I would rather not be made redundant of course,  and I would rather this had not happened to my young friend and many of his friends.  But it will happen. To many of us.

We have no way of knowing how long the recession will last.  This recession fits into the category of unknowable rather than unknown.  I learn all about it that I can.  I am collecting good explanations on the page Financial Crisis Visually.

But it is not knowable. Not even the experts know what is happening, or how long it will last.

So how do I cope with this ‘unknowableness’ and the equivalent feeling of being very seasick?

I need to plan for the very short term and keep lots in reserve.

  • What can I get done right now, today?
  • What are the wide range of choices of things I might do tomorrow?

If I can keep those two in balance, I’ll do OK.

A practical plan

Practically-speaking:

  • I need to spend some time every evening going over what I achieved each day, and adding it to my resume.
  • I need to be on top of my finances, to the last penny, and know exactly what I’ve spent and what I owe.  I also need to collect what is owing to me, promptly.
  • Then I need to list all my opportunities in a file or a loose leaf binder.
  • My fourth evening task is to pick out what I must do and will finish on the morrow.   I want achievements in-hand and on my resume.
  • Lastly, I leave plenty of time for the unusual and the unexpected.  About 80%.  That’s what’s needed in uncertain times.

It’s OK for me

Yes, I know. When we are facing a crisis, all of this feels like busy work. We just want it done.  We want it over.  Look at my posts from yesterday and last week.  I was in a blue funk myself.

But if you are in a ship wreck, the last thing you do is start swimming madly hoping to chance on another boat.  You must get clear of the boat that is sinking, but it’s best to get in a lifeboat with as much food, water and safety equipment that you can.

You can bring the sense of panic, or sea-sickness, down by sitting down every evening and doing the exercise I listed.

And if you miss a night, don’t beat yourself up. This is not a religious ritual.  It is a process which helps you get the results you want.   Get back to it the next day.

And let’s do it together

Let me know how to improve the advice.  When all is said and done, we are in the same boat, on stormy seas.

Plan for the near term, finish today what can be done today, put it on your resume, and keep lots in reserve.

See you on the beach!

UPDATE: For an HR Managers perspective on the Recession, I have written a summary on a new post.

One Comment

Dream jobs during the slow recovery

Auckland waterfront at night

 

Image via Wikipedia

During the last general election in New Zealand, the National Party (conservatives) made a spirited move for power by offering sizeable tax cuts. So keen we all were to find out our share, we crashed the Nats’ site within hours of their announcement.

My share was considerable: NZD2000 or in purchasing power parity terms, twice what I spent on clothes per year. The Nats didn’t win though. And the big question was why not? We were obviously interested. And the amount was significant.

So why didn’t the Nats win? And is this story relevant to the UK as we climb out of the credit crunch and the threatened recession in a slow recovery?

People don’t like the bashing of people who are unemployed or on the benefit

Ask not for whom the bell tolls, it tolls for thee. There but for the grace of God, etc. etc. Both NZ and UK are individualistic, masculine cultures (each to his own) but both countries dislike power differentials and huge disparities of wealth. We knew full well what would pay for those tax cuts and in my case, NZD2K was not enough to persuade me to take bread off the table of someone who is unemployed.

Voters understand that our economic policy requires a million or so people to be out-of-work

Voters are not economics experts but most of us know the basics. We know that if everyone has a job, inflation would take off. Both NZ and UK have policies of keeping inflation down to around 3%. Our economic prosperity depends on several percentage of the population being out-of-work.  So how can we take a blaming tone?

We have new attitudes to work and employment

Jane McGonigal, alternate reality games designer described games as “happiness engines”. And she asks an important question: why don’t we design work that is as compelling, engaging and as fun as games?

We do know how to design jobs that are enjoyable. Indeed the basic techniques have been in the textbooks on management and psychology for over 30 years. And games designers use these principles every day.

We want work that is so much fun we have to pay people NOT to work and to go home and play games! That is the doable demand from the citizenry of the 21st century!

Can politicians rise to the challenge of work that is more fun than games?

I think the first step is a social media solution: set up happiness surveys on the internet. When we feel so moved, we log on and say “I love this job”.

Then we will know which sectors are getting the thumbs-up from their employees, and as the saying goes, what gets measured gets done!

And we can worry about how much to pay people to stay at home!

What do you think?

Hat-tip to Sirona recruitment consultants  who inspired this post.

UPDATE: For an HR Managers perspective on the Recession, I have written a summary on a new post.

Enhanced by Zemanta
3 Comments

%d bloggers like this: