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The media continues to report that we’re in the grip of a recession. Whilst this maybe true, I haven’t yet seen a cascade of severance and canceled projects; but that may still come.
A little while ago I offered 5 recession beating tips for Technical Professionals which discussed some proactive measures to reduce your personal risk of coming under the corporate axe, should it begin to fall. I still stand by these and I encourage you to take a look.
I’d be interested to hear if you have experienced any signs or actions that demonstrate the grip of recession. Perhaps it may be something simple as reduced budgets or a cap on spending. Maybe worse, you or colleagues have been severed. There maybe other signs at the hygiene level – perhaps travel has been reduced or the class of seat on aircraft has been brought down. The criteria for bonuses could have been increased. Who knows?
The one realization you should make is that value isn’t the target for cuts. It’s non-value that is. However, I wouldn’t expect a big payrise this year!
My view still remains is that if you s**t-hot at what you do, you’re proactive and can demonstrate your value, you’re safe. Business must still go on. Only the ‘frivolous’ business activities will be canned whilst core business activities will be strengthened. It’s times like this that an organization rationalizes and bolsters its core capabilities, as well as continuing to seek competitive advantage. Recession is a phase (a painful one) but it’s an opportunity for an organization to take stock of itself, its assets and its people. Be one of those assets.