I came across this book review from The Seattle Times (by Tyrone Beason) on Barbara Ehrenreich's newest book, Bait and Switch : The (Futile) Pursuit of the American Dream. I have yet to read the book but this review piqued my interest in the subject matter because I'm one of those middle-aged white collar professionals who are seemingly so vulnerable in today's economy as are many of my readers.
According to the review:
Ehrenreich took on a new identity and immersed herself in the world of her subjects, in this case mid-career professionals who've either been downsized or fear they soon will be laid off.
Ehrenreich's goal for the book was deceptively simple: Attempt to land a job that pays at least $50,000 a year and comes with health insurance.
For nearly a year, she posed as Barbara Alexander, a public-relations professional "in transition" who was seeking career opportunities in the Atlanta area. She printed up new business cards and hired career coaches to help brush up (OK, embellish) her résumé. She worked to increase her personal appeal (suits with rounded silhouettes, well-rehearsed "elevator" chatter). She also enrolled in success seminars and attended networking functions, which ranged from not-very-illuminating to downright depressing.
Ehrenreich is alternately taught to "sell" herself, adopt a "winning attitude," fill the time gap in her résumé with a "compelling story" that employers will believe and avoid certain cosmetics. In essence, she's instructed by phonies to become one herself, if she ever wants to advance in the corporate world.
Most disturbing, Ehrenreich and her peers are told by these gurus at every turn that the unemployed worker alone is responsible for his success or failure in the marketplace.
Did Barbara secure a job? Again, according to the review:
With about $6,000 down the tubes for travel, enrollment fees and career-counseling bills, and with her head full of pop-psychology nonsense, Ehrenreich comes up, well ... just guess.
Again, as a middle-aged white collar professional who is also the sole bread winner for a family of four, I am keenly aware of the sometimes tenuous nature of the world of corporate America. Some days I am skittish about my future and other days I'm excited knowing only one thing for certain -- I can't count on having this job or any job forever.
I also know that I'm not owed this job. It would be nice to think that I am. I've been with the company for over twenty years. That should count for something, right? Nowadays, it doesn't and that's the cold reality of it. My contributions have been (I believe) an integral part of its growth and success. The question is do those contributions continue to be an important piece of our growth? When the answer is no, then I'm history here.
That's my particular situation. However, my job could evaporate through a merger or through an unfortunate event with one of our shareholders. I have no control over either scenario.
My situation is not that different from many of my readers. How do we respond? Do we hire career coaches (the review and apparently the book doesn't think too highly of them)? Do we become paranoid and seek to harpoon the careers of others to protect our turf? Do we think "it couldn't happen to me"?
Or do we do all we can to insure against the worst while planning for the best?
We buy insurance to protect us from financial ruin. Why don't we think as proactively in terms of our careers. Here is what I'm doing and what I believe we all can and should be doing right now to insure against the worst while planning for the best:
Save. Don't spend everything you make. Save. Save. Save. Money in the bank is important because it gives you options.
Connect. Expand your network of friends and contacts. It is easier to get the next opportunity when you know people. But do NOT treat people only as entries for your Rolodex. Give back. Serve. If you don't understand this, see
this post.
Learn. Never stop learning. You already know this.
Publicize. Become a superstar in your industry or your profession. If the idea of superstardom makes you tired (I'm the mother of two children under the age of three and I'm 43 years old so that statement is for me), then at least become well-known. Write. Speak. Blog. Take positions.
Plan B. Always have a Plan B. Be ready with other income producing activities and opportunities. If your employer allows them while you are working for them, take advantage of this. If not, then have them prepared.
We all know this but we don't do it. Is it true that "the unemployed worker alone is responsible for his success or failure in the marketplace"? The terms success and failure are broad and not easily defined. Bad things can and do happen to all of us. No amount of planning and preparation can shield us from all things. However, the writing is on the wall in terms of the rules of this current global economy. We ignore them at our own peril.