A Guide to Business

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Fast And The Furious Pink Slip

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Yesterday in the Yahoo news update, it was disclosed that people who are over 50 and have been given the pink slip may have a high risk of getting a heart attack. I became speechless when I began to read the article and I realized that this is a nightmare that is silently happening all over America and the rest of the industrialized world.



How would anyone who is in this age bracket react to such an occurrence? First of all, it happened to me, coincidentally when I had just turned age 50. I did not get a pink slip because of incompetence or anything of the sort. The company where I worked for over 5 years just sold out its holdings. I was given a fine speech about how invaluable my contribution was and that I can depend on them for a great reference. After that, I was told "hasta la vista". That was it.

At first, I did not believe that I had much of a problem. I am a qualified accountant and accountants are in demand and it will only be a question of a short period of time before something else will come up. Furthermore, I was just 50 years young and that's not old. Boy, how wrong I was. Yes, accountants are in demand but the market is being saturated by young college graduates with accounting degrees whom employers can hire for less.

Now I do not want to be the bearer of bad news. This was my experience. Your luck could be far better than mine and you could be gainfully employed in a very short space of time.

The advice I am trying to give is that if anyone should find himself or herself in this predicament, then you should always have an alternative strategy to just sending out hundreds or perhaps thousands of resumes to potential employers.

You should do an in-depth research into bona fide home based businesses, make your choice and immediately start to nurture this business into maturity. Internet based businesses usually have low start up costs when compared to traditional store front businesses. Of course it will take time, some money and devotion before a home based business can be profitable.

Statistics have shown that many people will fail at this not because of the lack of opportunity but because of a lack of interest and effort. I spent over one and a half years looking for an honest home based business with a potential to replace my income in less than two years.

In conclusion: Stay positive and focused on your home based business. Advertising is the key. You've got to allocate an advertising budget to get other people to know about your business. Initially, if sales are not up to par, you may get negative remarks or derogatory comments from people with dead end, hours for dollars jobs. Ignore them and just bear in mind that success will be your revenge. Within a reasonable time, you could be earning a residual income that is equal to or greater than what you lost in your last job.
Fast And The Furious Pink Slip
I think this is the remark of a person who did not even care to read the signals regarding his impending layoff. Even though I am not suggesting that he doesn't deserve to continue in his job for some reason, we can't forget the body blow that job loss delivers.

Events Leading Up To Layoffs

You can't expect the sequence of events to be long enough for you to notice that something is brewing. The timeframe could be very short or your name could be added to the long list in the case of a mass layoff. However, the situations vary from time to time and from employer to employer. The following indications might be helpful for you to prepare for the worst and your next steps:

1.OVERALL ECONOMIC SITUATION: All depressions, recessions and general downturns have caused lots of job losses regardless of their timing. In gradually slipping economies, the results manifest themselves on the performance of companies. Unfortunately, sudden economic emergencies such as the ones created in the immediate aftermath of 9/11 can't be anticipated.

2.COMPANY LOSING OUT TO THE COMPETITION: This circumstance develops over a time period that can't be missed. If there is no sight of recovery or at least attempts by management to turn things around, you can try to correlate the turn around possibility to your survival. You have enough time to plan in advance in this situation.

3.YOUR COMPANY MERGED WITH ANOTHER ONE: Mergers and acquisitions across all business sectors are causing sleepless nights to employees. It is more or less certain that some will lose their job when this comes through. Especially when you are in a key, decision-making position such as Finance Controller, General Manager etc.

4.ASIAN ECONOMIC DEBACLE: Although still rare, this is considerably gaining some proportion of job loss threat. Multinational corporations which have invested in Asian growing economies took a beating when the countries? economies plunged into darkness in the mid 1990s. The repercussions were then felt here in the form of pink slips.

Internal Indicators You Must Fear

There will be sufficient indications even from within. Silently, employers prepare the ground for your termination. The case will be slightly different in mass layoffs. If you are the lone employee to go, it will not be easy for the employer to do so, especially when the company is healthy.

Your boss creates the ground to prove your inability and inefficiency. This is called stage 1 of pink slip preparation. You are asked to accomplish the impossible. The attempt will be so intense that they want to see you fail in most or all areas. Shirks, frowns and stares take the place of nods, smiles and glances. You are insulted in front of colleagues on what would have been overlooked earlier.

In stage 2, you feel blank, suddenly not having the usual workload at all. The idea here is to build frustration in you when coworkers continue to have a normal workload. You are side stepped in routine meetings and left out of critical company/departmental updates.

Mass Layoffs

In mass layoffs and lockouts, the workload stops, section by section. Staff suddenly goes missing and people get their pink slips in bulk. There could be a sudden increase in activities to finish off the pending work or to safeguard the interests of the employers.

As the company is protecting its interests, you also need to protect yours. Chief among these is remaining employed, or being able to react in enough time to secure alternative employment. It is in your best interest to be alert to possible signs that you could be given the pink slip. Never think that it can't happen to you.
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About Author
Both Frank Flandinette & Tony Jacowski are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Frank Flandinette has sinced written about articles on various topics from Home Businesses, Internet Marketing. I lost my job as an accountant in 2004. I went to countless interviews and was unable to get another full time job. I only managed to get a part time job that was paying much less than what I was getting before. I decided to research online opportunities. Frank Flandinette's top article generates over 3600 views. to your Favourites.

Tony Jacowski has sinced written about articles on various topics from University, Six Sigma and Information Technology. Tony Jacowski is a quality analyst for The MBA Journal. Aveta Solution's Six Sigma Online offers online and certification classes for lean six sigm. Tony Jacowski's top article generates over 90500 views. to your Favourites.
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