I was speaking to my father yesterday about some of the things going on in the world and my life right now: Family, my precarious job situation, the economy, Japan, etc. I was telling him that I would love to find a job near to where I live, or at least live where I work, when he got really quiet. This is usually an indication that he is formulating an answer I’m not going to agree with. This time was no surprise.
“I think you need to stay where you are, where there is some job security,” he said. It struck me instantly has a comical statement. I wanted to say job security? What job security? Don’t you read a newspaper? However, I remembered that he came from a different time. He worked for decades at something he hated, because as he said to me once “It’s not called work because it’s fun.” He came from a different era where work was drudgery, and the best you could hope for was a pension.
My father, at 74, comes from a time when people would work for 20 to 25 years somewhere and retire on a pension. They had medical benefits, life insurance, disability, you name it. Before I answered I had to remember that in his life, he never experienced a layoff, and if you worked hard, and did a good job, you hand no fear of EVER being let go. I thought of this all in the span of a split second to prevent myself from laughing through the phone. After all…he doesn’t know…there is no more job security.
Like the dodo bird, job security had died out. Whether you work for yourself, or for someone else, there are no guarantees in life anymore. You can’t rely on your employer keeping you till age 65, and you can’t rely on the economy keeping your business afloat until you sell it off to someone else. Those people that are able to do that are very lucky. I’m not sure planning has much impact anymore. It used to be that if you worked somewhere a year or less, you were seen as a poor hiring risk. Not anymore. With all the layoffs, and closings, companies are lucky if a person has six months in one job. You are actually seen as a poor risk if you worked somewhere longer than three years.
Thirty years ago companies were loyal to their employees, and employees loyal to their companies. Employees were proud of the products they made, and would react negatively if you knocked the work they did. Companies would do all they could to make a quality product for their customers, and they knew that the first step to quality was to ensure they had the best and happiest workforce available. However, all that has changed. There is no more focus on the customer, or the worker. Now the most important thing around is the investor. We’re no longer in business for the people we serve. We’re now in business for people whose only vested interest in our company is whether our stock went up a fraction of a point.
If you are working for an organization, and you like your boss, and you love your work, you’re very lucky. If this is a publicly traded organization, however, don’t hold your breath that the love is returned. It’s not. You are as much at risk of unemployment whether you’re a temporary employee or “full time.” Everyone is temporary.
So my advice is this: Save. Prepare for that inevitable situation where you will be out of work. It will definitely happen…sooner or later. Always keep looking for your next opportunity. Don’t let misplaced loyalty inhibit your best interests. And last but not least, do what you love. Don’t waste any time doing something you don’t like to do. Life is too short. There is an old saying that “if you do what you love, the money will come later.” It might be true, and it might not. But at least, in the end, you will have done what made you happy.
Rex