Keep your options open

Last week I have been hearing from my peers that, our ex-colleagues are submitting their resume to our management to request for job interview or to find a job that can match to our requirement. We are in the same organisation but in different business units. Initially my thoughts is I do not want them to join us. The working culture that we had built for a long time should not be destroyed by them if they do joined us. We had known them for a long time and we do not really enjoy working with them again. The link-up was through a senior manager from our management to our Vice President to consider them since we are doing the same line of business.

The reason why they had to resort on joining us is because they do not have anymore projects for them to work on and now the management has given them 2 months grace period to find another job outside or to look for other alternatives in the sister company that they can render their services to them. Upon hearing this piece of news, I began to ponder. Our company usual practice is not to retrench people. Most of the staffs leave on their own will as they could not stand the poor remuneration although it is a very stable and established company. Now that, things are different now. The company starts to retrench when it is unable to win contracts or projects to bring in revenue for the company and the shareholders.

I began to pity on them as now their bread and butter is on the chopping board now. I do hope now they can protect their rice bowl and continue working. Some of them has family commitment and some are already not young anymore to look for another job. They definitely will suffer a pay cut to gain employment again. The morale of this story is we should always constantly upgrade ourself and keep our options open if there is opportunity arises.

 

Same goes to stock investment, if any particular stock that you are holding that keep on dropping the share value. Sometimes it is better to cut losses and move on. By holding back, you are giving up your options to look out for other better stocks that could bring you to financial freedom. So in conclusion, be more mindful on situation awareness that surrounded you. Get informed on what is happening around you to make correct decision when necessary.