ARTICLES

Written By Rich For You.

The Best Time To Find A New Job Is When You Don't Need It.

In other words — Always be prepared to leave a job, because your employer is always prepared to leave you. More and more, many companies (not all, mind you) find themselves letting employees go for a number of different reasons.

In other words — Always be prepared to leave a job, because your employer is always prepared to leave you. More and more, many companies (not all, mind you) find themselves letting employees go for a number of different reasons. Too young/too old, too much/too little salary, old/new employee, old/new direction, high/low level position are just some of the myriad reasons why people are let go from their place of employment. Sometimes we find ourselves in the crosshairs and next thing you know, you're packing up your desk in a cardboard box.

"About six months ago i was offered a job from a supplier to my company, but I felt decently happy and comfortable working where I was. To my surprise I was laid off from work last week, and am now looking for a job."

You need to be prepared — here are the big six things I tell my happily employed clients to shield them from layoffs:

  1. Keep your résumé/LinkedIn profile current and ready to go at a moment's notice.

  2. Ask for testimonials when you finish projects/leave divisions/manager's move.

  3. Embrace recruiters and interview — you never know what great position you might run into.

  4. Develop a robust emergency nest egg (just in case).

  5. Build your network — maintain past relationships and grow new ones with key people in your industry.

  6. Most important — keep your skills current and focus on in-demand areas.

I hate to say this — the idea of living through a career with the same company seems to be long, long gone. Most people should expect to move at least every 2-3 years. If you don't, your employers will.

In addition, rarely will you experience major jumps in position/salary/benefits at the same organization. Most people experience larger percentage jumps when they move when they still have a job (check out this Forbes article). Waiting for a company to can you to get that severance package is a frequent strategy (especially if it's a big package), but your value in the marketplace is severely reduced.

By the way . . . if you're thinking, "I'm irreplaceable, they can't function without what I know" then you're underestimating an organization's willingness to protect themselves and make haphazard decisions based on human greed and emotions.

Day One on your new job is the first day of your new job search. Never stop looking for better. The minute your current employer doesn't need you, your butt will be out the door. Again, this perspective is not for all organizations, but it does cover the majority out there.

P.S. One final rule — Always backup key email, contacts, and project files (just in case). Most people forget how important this information is until they don't let you go back to your computer and walk you out of the building. So much of your potential portfolio when you're looking for a new job will be gone if you don't save it somehow. Be prepared and always back up to a personal thumb or external hard drive.

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Blog, Book Review Rich Gee Blog, Book Review Rich Gee

The Most Important (financial) Book You'll Buy This Year.

I read LOTS of books. And it's funny - a lot of people are amazed at the number of books I read. I don't think I read a lot - but many people I meet think I'm crazy about spending time reading books. Candidly, I feel that it's a clear sign of the 'dumbing down' of America. People are 'shamed' into not reading - you should see the faces of people when I mention I read 3-5 books at a time and finish 100-150 books a year. "Don't you have better things to do with your time?"

I read LOTS of books. And it's funny - a lot of people are amazed at the number of books I read. I don't think I read a lot - but many people I meet think I'm crazy about spending time reading books. Candidly, I feel that it's a clear sign of the 'dumbing down' of America. People are 'shamed' into not reading - you should see the faces of people when I mention I read 3-5 books at a time and finish 100-150 books a year. "Don't you have better things to do with your time?" Candidly, I don't. And you should be reading too - start with this timely and powerful tome.

You need to get Enough - True Measures of Money, Business and Life by John Bogle. Why? Let William Bernstein tell you:

"If you are wondering about the cause of the current market crisis, then you haven't been reading enough of Jack Bogle.

Because he certainly knows not only where, but why and how. For decades Jack has been communicating his disquiet in previous books, speeches, and public testimony. Years from now, when historians and investors dissect the economic and market meltdowns of 2008, they'll consult this slim, well-written volume.

In order to understand the intellectual and moral platform from which he surveys the economic wreckage, you need to know a little of his story. Bogle founded one of the world's great investment companies, the Vanguard Group. Most men in his situation would have levered such success into a multi-billion-dollar net worth; instead, he "mutualized" Vanguard, converting it, in effect, into a nonprofit organization whose only goal was to benefit its fund holders. From an ethical perspective, Vanguard is the only "investment company" worthy of that name. (As opposed to most financial firms, which are in fact "marketing companies" whose main purpose is to milk unwitting investors of fees and commissions.)

The answer to the conundrum of 2008 lies in the book’s title, "Enough," which is the punch line from a delightful Kurt Vonnegut/Joseph Heller story. Simply put, our nation has been suffering from decades of unchecked financial excess, for which we are now paying the piper: excess in investment company fees; excess in financial speculation masquerading as diversification and innovation; excess in the salaries of top executives; excess in salesmanship; and most importantly, excess in the role played by the financial industry in our national economy and national life."

Go out today and get it - it will change how you think about business, your career, money and your life.

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Blog, C-Level Rich Gee Blog, C-Level Rich Gee

CEO's Must Trash Short-Term Thinking & Embrace Long-Term Strategy. Now.

I'm tired. And angry. And I'm not alone. For too long, the stewards of our most cherished institutions have been acting less than ethical. I call it "short term thinking for short term gain" — get in, make a quick buck, and move on to the next sucker. Not the best behavior for supposedly the best executives in this nation.

money clipI'm tired. And angry. And I'm not alone. For too long, the stewards of our most cherished institutions have been acting less than ethical. I call it "short term thinking for short term gain" — get in, make a quick buck, and move on to the next sucker. Not the best behavior for supposedly the best executives in this nation.

Now don't get me wrong — not all CEO's are like this. Unfortunately, many are. On the flip side, some are forced into this situation by unscrupulous board members and irrational investors. But as I frequently say to my clients: "This isn't Russia, if you ethically disagree with what your company is doing, move on."

Over the next few months, I will be focusing in on why CEO's do this and what they can do to re-focus and reset their behaviors to produce solid companies that deliver great products for a reasonable price and treat their employees and investors with respect. I'll be interviewing those CEO's that are thinking long-term and really care about their company, the shareholders, their employees and not their pockets.

To begin and see where my thinking is grounded, catch my earlier post: "Do You Trust This Man?"

The era of short term thinking is over. The era of ego is over. It's time to focus on doing the right thing.

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