Having worked many years in large corporation, retrenchment is not a new thing. This usually happens with Business consolidation aka Organization changes. Often it comes down to just poor business environment and need for more profitability. When tough calls come, someone has to be let go and we can roughly guess who will be though not with some uncertainty. Nevertheless the uneasiness is always there.
Well to cut the story short, I got a cold call from my upper management just before Chinese New Year and quickly realised there has been a major re-organization. Fortunately to me, I have been selected to lead the combined teams. However, never has it been so close this time when it comes down to two pick one decision. I am the more expensive one but my competitor, you know, has never been there except when coming to Office Politics. Well, I get to keep my unbroken record (Touchwood) and get Rewarded with More Work and Same Pay !
Have you notice this comes at a time when the property market is down trending, stocks are in "Recessive mode" and Bonus is horrible. Seems like bad things ( Almost Everything ! ) comes at the same time. But then, why can't they ? Aren't they are inter-related ? Is there a natural law to prevent it ? I hope the weather and health don't join in the game of life but what can we do if it does. With all the negativity, there are always people out there who got their property force sold, stocks completely crashed and no bonus ! Relatively speaking, I am in much better position and should feel gratify as things can be much worst.
One thing I always like to remind myself is not to take things for granted. Keep improving our Value and Knowledge. Be Prepared for the rainy days. And last but not least, Cherish what we have.
thanks for the read Investment buddies !
Cory
20160302
Well to cut the story short, I got a cold call from my upper management just before Chinese New Year and quickly realised there has been a major re-organization. Fortunately to me, I have been selected to lead the combined teams. However, never has it been so close this time when it comes down to two pick one decision. I am the more expensive one but my competitor, you know, has never been there except when coming to Office Politics. Well, I get to keep my unbroken record (Touchwood) and get Rewarded with More Work and Same Pay !
Have you notice this comes at a time when the property market is down trending, stocks are in "Recessive mode" and Bonus is horrible. Seems like bad things ( Almost Everything ! ) comes at the same time. But then, why can't they ? Aren't they are inter-related ? Is there a natural law to prevent it ? I hope the weather and health don't join in the game of life but what can we do if it does. With all the negativity, there are always people out there who got their property force sold, stocks completely crashed and no bonus ! Relatively speaking, I am in much better position and should feel gratify as things can be much worst.
One thing I always like to remind myself is not to take things for granted. Keep improving our Value and Knowledge. Be Prepared for the rainy days. And last but not least, Cherish what we have.
thanks for the read Investment buddies !
Cory
20160302
we are glad u still keep your job
ReplyDeletethanks Kyith. Good to have more work. I still have loan to service ! :)
DeleteSometime, the whole organisation/department is retrenched and has nothing to do with personal value or skills.
ReplyDeleteThat's true. And it can be beyond our control. And we will have to tap on our Value or Skill for new opportunities within or outside.
DeleteWhich sector are you in? My organisation is still planning layoffs. One was announced yesterday. More scary than a market crash.
ReplyDeleteThe slow down is more of technology gradual shift so I am sure it won't be the last. However with this latest change, my position is much more entrenched. It will likely take another wave of boom and then bust before I am offered the opportunity.
DeleteThe disadvantage of a market crash is an increased fear of losing one's job. The advantage of this is the ability to buy stocks at low prices. Sounds like a hedge to me.
ReplyDeleteLogically to me I would agree especially for one who has large warchest and saving that can last a long time. To put into practise for many, if one who just lose his job, there is dependency on the saving which are never enough. (Whatif no job for a year or two or given up looking ? and op top of it there is a monthly 4K loan out there ) Would I have the same mental or mindset to invest as before as every dollar is even more precious ?
DeleteHi Cory, yes when savings is not enough yet, there is more pain in a market crash. It becomes very real when bills have to be paid yet having no income to support.
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