Coming out of Recession Blues :)

In the beginning 🙂
In the old economy, people used join firms and retire in the same firm.

After I.T era, the life time of job has reduced to “N” years (N = 0.1, 0.3, 0.6, 1, 2,). Invariably after project/job completion, you have to do the job search, unless you are born rich or made millions/billions in some start-up or in some business.

Job loss/Project loss:
Job loss may be for many reasons such as follows:

1.Firm/Company is not making profits or doing well for various reasons (Read Enron, Satyam (Indian Software firm) corporate fraud, Start-up
2.Company filed bankruptcy or chapter-11 or getting folded or getting closed
Example: Dotcom bubble burst

In 1990’s several startups were started, due to Venture capitalists’ saw huge money in the product/service firms. Finally they have spent their money in employee benefits, product development.

3.Project closure/Assignment complete
4.Job elimination, due to the performance issues , or firms strategies to reduce employee count

Back in 2001, in USA [California state], there were mass lay-offs and entire team, was called for the “All-hands meeting” and they announced mass lay-off.

Some of my friends were asked leave the firm in 5/10 minutes during 2001, during the 9/11 time.

HR process or discussion
Now that the candidate is either resigned or being eliminated, he might have to meet HR. In some firm’s HR may conduct exit interview, where this is last patch-up meeting, you may get chance to stay-back or take-up temporary assignment

This is crucial meeting, where you can explains problems with firm/manager’s/team, give a right feedback. The following is checklist to go through before you walk out HR office

1.What kind of severance/salary package you can get, according to the offer letter/state laws/ firm standards
2.Whether leaves are en-cashable?
3.How long you have eligible to serve the firm?
4.If you are from different country, will employer pay for return ticket parent country or future destination?
5.When you have to collect the important document/Tax statements?
6.Who will be the contact point for further information exchange about shares, leaves and others?
7.Also HR conducts a formal “feedback session”, where , you can provide feedback of your job.

After HR
After HR, meet friends and project-mates. Ask co-worker to drive you back to home or take cab back to home

Take good bath and sleep tight 🙂

Day -1 after HR
After good bath, do planning based the below checklists:

1.Assets and liabilities
a.You assets
c.Relative’s/Friend’s/Co-worker’s from where you can borrow money
d.And loan’s payable in priority
iii.Can be postponed, with minimum interest
2.Where do you want work next?
3.About vacation plan
4.Next important things you can do
a.Buying/selling shares/property
b.Visits family’s and friends
c.Attending parties and functions
5.Attending courses or trying complete certifications

Day -2 after HR
Day-2 is for Job or next step planning in business or new job.
1.Identify the web sites, can help you to get job?
a.Crigslist [ US market] [ worldwide, search for local version]
c.Careermosiac [ India] [ USA]
g.Web sites suitable for your technology
i.Some web sites and forums, where you can have many visitors [online] . If you are working on Microsoft technologies, has a good information
ii.Blogs, social networking sites
2.Identify local forums, can help you to get job?
a.Contact your local libraries [USA, UK]
b.Check with agents
3.Identify books, can help you to get job?
a.What Color Is Your Parachute?: []
b.Finding Square Holes: Discover Who You Really Are and Find the Perfect Career
c.And other books you know
d.Positive effect, self help books. To fill-in positive energy in you
e.Books and FAQS for interview preparation
4. Identify the recruiters/agents/Job board’s who can help to get job

Day -3 after HR
1.Resume circulation based on the plan you made on day-2
2.Inform everyone , who can help in the job search
3.Circulate you resume’s through manager’s and employees referrals in other organizations
4.Attend telephonic interviews, also do cold-calling perspective future firm’s

Day -n after HR
1.Work on the above paln, revisit; change the plan, so that you land into job.
2.Stay away from people, who will discourage you in any manner. Get in touch with some one whom you can trust and help

Preparing for Job Interview / Telephonic interview:
1.It is advisable to keep you tempo cool during the interview
2.Practice the interview
3.Do some research about the firm
4.Try get Job description of the job you are attending
5.Study and update your knowledge
6.Do ask , some time for preparation
7.Talk to the people /team you know , in perspective organization
8.Be confident and prepare well. Consult friends and other well wishers for some tips to get through the interview
9.After interview it is good to thank the interview panel
10.Prepare the answers for the introduction , prepare questions to ask in the interview
11.Also plan on jotting down the discussion, during the telephonic and technical round.
12.Also plan on updating, why you are being eliminated or why you are looking for new job/position
oIn USA/UK, lay-off term is not a taboo.
oIn India and other countries, employers will treat job elimination as bad on the candidate. Prepare a story, based on the locality you are applying/looking?
oGive them strong reason for re-allocation/job change
13.Do mention about your current status and your re-allocation details and constraints if any?

After getting a new job and assignment:
1.Don’t disclose, to any one until, you joining day. There certain people, who may bad-mouth about you and they will try to obstruct your offer.
2.Thanks the interviewer, for the offer
3.Thank friends and family’s who has offered the support, during your job hunt

Wrote in Pune [Jan 8th 2009], just after Satyam czar Raju’s resignation.


2 thoughts on “Coming out of Recession Blues :)

  1. Really wonderful sir that u have made correct points for a software engineer to be aware of in the situation and the for upcoming recession,These kind of suggestions from highly experienced professionals may be very helpful to save software engineers from recession disasters .thanks for the post

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