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Archive for 'IT recession'

I hope you will like it…because it’s the fact……
A tad long, but too good.

 

Some, rather most organizations reject his CV today because he has changed jobs frequently (10 in 14 years). The ‘job hopper’ (referred here as Mr. JH), does not mind it…. well he does not need to mind it at all. Having worked full-time with 10 employer companies in just 14 years gives Mr. JH the relaxing edge that most of the ‘company loyal’ employees are struggling for today. Today, Mr. JH too is laid off like some other 14-15 year experienced guys – the difference being the latter have just worked in 2-3 organizations in the same number of years. Here are the excerpts of an interview with Mr. JH:

 

Q: Why have you changed 10 jobs in 14 years?
A: To get financially sound and stable before getting lay off the second time.

 

Q: So you knew you would be laid off in the year 2009?
A: Well I was laid off first in the year 2002 due to the first global economic slowdown. I had not got a full-time job before January 2003 when the economy started looking up; so I had struggled for almost a year without job and with compromises.

 

Q: Which number of job was that?
A: That was my third job.

 

Q: So from Jan 2003 to Jan 2009, in 6 years, you have changed 8 jobs to make the count as 10 jobs in 14 years?
A: I had no other option. In my first 8 years of professional life, I had worked only for 2 organizations thinking that jobs are deserved after lot of hard work and one should stay with an employer company to justify the saying ‘employer loyalty’. But I was an idiot.

 

Q: Why do you say so?
A: My salary in the first 8 years went up only marginally. I could not save enough and also, I had thought that I had a ‘permanent’ job, so I need not worry about ‘what will I do if I lose my job’. I could never imagine losing a job because of economic slowdown and not because of my performance. That was January 2002.

 

Q: Can you brief on what happened between January 2003 and 2009.
A: Well, I had learnt my lessons of being ‘company loyal’ and not ‘money earning and saving loyal’. But then you can save enough only when you earn enough. So I shifted my loyalty towards money making and saving – I changed 8 jobs in 6 years assuring all my interviewers about my stability.

 

Q: So you lied to your interviewers; you had already planned to change the job for which you were being interviewed on a particular day?
A: Yes, you can change jobs only when the market is up and companies are hiring. You tell me – can I get a job now because of the slowdown? No. So one should change jobs for higher salaries only when the market is up because that is the only time when companies hire and can afford the expected salaries.

 

Q: What have you gained by doing such things?
A: That’s the question I was waiting for. In Jan 2003, I had a fixed salary (without variables) of say Rs. X p.a. In January 2009, my salary was 8X. So assuming my salary was Rs.3 lakh p.a. in Jan 2003, my last drawn salary in Jan 2009 was Rs.24 lakh p.a. (without variable). I never bothered about variable as I had no intention to stay for 1 year and go through the appraisal process to wait for the company to give me a hike.

 

Q: So you decided on your own hike?
A: Yes, in 2003, I could see the slowdown coming again in future like it had happened in 2001-02. Though I was not sure by when the next slowdown would come, I was pretty sure I wanted a ‘debt-free’ life before being laid off again. So I planned my hike targets on a yearly basis without waiting for the year to complete.

 

Q: So are you debt-free now?
A: Yes, I earned so much by virtue of job changes for money and spent so little that today I have a loan free 2 BR flat (1200 sq. feet) plus a loan free big car without bothering about any EMIs. I am laid off too but I do not complain at all. If I have laid off companies for money, it is OK if a company lays me off because of lack of money.

 

Q: Who is complaining?
A: All those guys who are not getting a job to pay their EMIs off are complaining. They had made fun of me saying I am a job hopper and do not have any company loyalty. Now I ask them what they gained by their company loyalty; they too are laid off like me and pass comments to me – why will you bother about us, you are already debt-free. They were still in the bracket of 12-14 lakh p.a. when they were laid off.

 

Q: What is your advice to professionals?
A: Like Narayan Murthy had said – love your job and not your company because you never know when your company will stop loving you. In the same lines, love yourself and your family needs more than the company’s needs. Companies can keep coming and going; family will always remain the same. Make money for yourself first and simultaneously make money for the company, not the other way around.

 

Q: What is your biggest pain point with companies?
A: When a company does well, its CEO etc will address the entire company saying, ‘well done guys, it is YOUR company, keep up the hard work, I am with you.” But when the slowdown happens and the company does not do so well, the same CEO Etc will say, “It is MY company and to save the company, I have to take tough decisions including asking people to go.” So think about your financial stability first; when you get laid off, your kids will complain to you and not your boss.
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Hi all,

Recently I gone through a good article, hope it will be benificial for you.


IT is going in a recession. Many IT companies in India already started layoff,and reflections are there in Technopark too.Economists think it will continue for one or two more years. So every industry as well as IT is going to face a hard time.
So here technoparktoday.com is giving some tips to IT professionals to survive the recession.
1. Stop JUMPING and start THINKING.
Job changing or JUMPING from a company to another with out any solid reasons ( everyone says better career, but only a 10% is concerned about a better career in terms of technology,and rest of them are jumping because of better offer from another company). Believe me i know several people who changed their job about 5 times in a year and got 4 times of salary. such kind of jumping is not ethical, and the other company may offer you a job if nobody else is available for that position.but that will be a BLACK mark in your career. many companies started to think in that direction. so STOP jumping your jobs in this time because if a recession occurs there is a great chance for you to be be kicked out of the company first.because you are highly paid than your peers with same experience.
2. Stop ‘Investments’ and control your buying habits
IT people is spending money like anything. they are the major factor behind the irrational price hike in the real estate industry around the IT parks like Technopark and Infopark. Most of the money is taken as loans and remember You are in DEBT.people bought the properties for many fold than the actual value.So avoid such investments again.
STOP buying any new houses flats or land at least for an year if you are a IT Professional.Also control your shopping habits.
3.Control Your Traveling Expenses
control your petrol expenses and you can save more by car pooling or by using public transportation systems like KSRTC Bus or Technopark Express. if you are couples you can think about a two wheeler instead of the car.so that you can save petrol. and if you are in bike think about buying a bicycle. That is Eco friendly as well as good for your health ( but consider this only if you are living nearby )
4.Sharpen Your Skills and acquire new skills
Recession is worst and nobody like it. But sometimes companies will be forced to cut down the workforce. so sharpen your skills and be ready for an interview at any time. take this time to look in to the emerging and demanding technologies in the industry. technoparktoday.com is also helping people to get a job in Technopark. send your resume to technoparktoday@gmail.com
5.Avoid Weekend Parties and Make It As a Month End Party
Most of the IT guys are partying every weekend. so you can think about stopping that make it as a Month end party.also rethink about the expenses in booze cigarettes chicken and chicks.
6.Stop Taking loans especially from Private Banks
Stop taking loans especially from private banks. nobody can predict the economy or the stability of your job. why should you make a situation for a bank to negotiate in your owned properties?
7.Take a break from risky businesses like share market
Share market is risky, so avoid high risk investments.you may get a fortune sometimes, but economy is going to hit hard,so wait for a while and study the trends before risking your money.
8.Use credit cards wisely
Credit cards are the enemy for IT professionals. that allows you to spend with out worries but you have to pay for your laziness and ignorance in credit card rules and tactics of card companies. so reduce the credit card usage and pay currency.
9.Cut down your mobile bills
You can save your money by cutting down your mobile phone bills. we conducted a survey in Technopark and found that 80% of the people are using high end mobile phones and most of them are changing that frequently. But this craze is among guys. so at least in this recession time never go after the fancy mobiles. how many of them are using the features of your mobiles other than just calling and sending a few messages? all the crazes about the advanced features like megapixel camera and GPS functionality will be subsided with in a few days after your purchase. so think twice when you are planning for a new mobile.
Also you can save a lot of money in mobile bills. call whenever that’s necessary, in our survey we found that an average mobile phone bill of a IT professional is around INR 2,000. we found people who is paying more than INR 10,000 in a single month in some companies in Technopark. more interestingly many of them are girls. so if you can control your mobile bills in this recession. you can save more. REMEMBER.. mobile companies are charging many fold during special occasions and celebrations. most of us are not aware about that and we used to call all of our friends, so this would boost up your bills. also please take care about the mistakes and errors in your bills. you have to take extra care about each and every penny you are spending during recession time.
10.Don’t Be Lazy, Work Hard.
In this recession you should work hard. give up all of your laziness and work hard to get more revenue and support your company to get more business and more revenue. incidents like Satyam burst is another challenge because the market has got so many talented and experienced professionals. So companies will get more resources which may more experienced and expert in various domains. so companies will kick out the less performers.
NOTE : We will update this article with more useful tips. please contribute your tips and articles to TechnoparkToday ( mail to technoparktoday@gmail.com)

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