Survival Stories
The Great Recession is wrecking havoc on the global economy as both superstar and regular value producers are losing their jobs. The best offense against displacment during these challenging times is a great defense. Not only must employees continue to add value by helping to increase revenue, reduce costs, and/or streamline operations; they must also ensure that important people recognize their value and are willing to stand up for them during the headcount reduction (or displacement) meetings.
Since the wisdom of the crowd is richer than the wisdom of a few; I requested interviews from various superstars who have survived displacement on several occasions. These individuals agreed to share their recession job survival stories with the online community. So whether you are currently employed or seeking your next opportunity (since you are going to land it), these are "displacement-proof" tactics you want to make sure you employ.
Jay A.
- 5 rounds of cuts since Dec. '07.
- Right people must know the value you generate.
- Work or business unit must be core to the company.
Lewis G.
- 4 rounds of cuts since Dec. '07.
- Important people must know your value.
- Must be willing to take on additional tasks.
Jacob T.
- 4 rounds of cuts since Dec. '07.
- Must seek and develop advocates who can vouch for your value.
- Must proactively seek professional development opportunities.
Alberto L.
- 2 rounds of cuts since Dec. '07.
- Must go above and beyond client and company value expectations.
- Must ensure skill sets are align with company's direction.
