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Recent data for the Purchasing Managers Index (PMI), which is a composite index based on new orders, inventory levels, production, supplier deliveries, and the employment environment. The index for December 2008 was 32.4, which indicates strong economic contraction. The Backlog of Orders Index is at the lowest level since tracking began in January 1993. The steady stream of news reports on data such as this is of course depressing, but most news outlets don't show readers and viewers the graphics that go along with the data. When you look at the graphs, you'll get a much clearer picture of where we are. Knowledge is power. Check out the data from the New York Federal Reserve Bank. Graphic courtesy The Institute for Supply Management.
The anticipatory layoff — one executed by a profitable company that isn't yet in trouble — is an important difference between the current economic crisis and past slowdowns. That's why, as an employee, preparing for layoffs is smart strategy now, even if your own company is doing well so far.
If you don't want to be among those designated for layoff, there are things you can start doing now to enhance your chances of continued employment. I've organized them into three categories. The inside stuff includes actions you can take to strengthen your frame of mind and help you maintain a positive attitude. Relationship-oriented actions include things to do that involve your relationships with colleagues, co-workers and others. And situational actions include things to do and decisions to make that pertain to your general situation at work.
Here are some tips for strengthening yourself emotionally to make your attitude more positive and appealing to those around you.
- Attend to your health
- If you're healthy, you feel better emotionally. Exploit your health insurance, if you have it, to get minor things taken care of. Smoking cessation is especially useful, because it helps your health, and makes you more attractive as an employee, and saves lots of cash. But don't do anything elective that will keep you out of work for extended periods, because despite any legal protections, being out on sick leave can make you more vulnerable to layoff.
- Attend to your finances
- Whatever might happen, you'll deal with it better if your finances are in good shape. Some signs of trouble: carrying balances on credit cards, bills in arrears, and phone calls from creditors. If you have chronic financial problems, recognize that you need advice and counseling — and get help from a reputable noncommercial agency. If part of the problem is marital, seek counseling for that, too.
- Work-life balance might now mean longer hours
- In good times, working long hours threatens happiness at home. But in troubled times, losing your job altogether is a greater threat to home life. If you think that working longer hours will help make you more valuable than your co-workers, get the support of your family and go for it.
- Keep your personal troubles private
- Foreclosure, divorce, illness, family problems — keep all of it private. When managers select people to terminate, they sometimes consider personal stability. Telling people about your personal problems probably won't help you keep your job. If you need to talk to someone, and family isn't enough, seek a counselor or a therapist.
- Telling people about
your personal problems
probably won't help
you keep your job
Most important, be the most positive person you know. This is more than just acting as if you have a positive attitude. You must be positive. Do whatever you can do to make your job, your finances, your family and your social situation as secure as they can be.
We'll address tips for relationships next time. Next issue in this series
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Related articles
More articles on Emotions at Work:
There Is No Rumor Mill
- Rumors about organizational intentions or expectations can depress productivity. Even when they're factually
false, rumors can be so powerful that they sometimes produce the results they predict. How can we manage
organizational rumors?
Feedback Fumbles
- "Would you like some feedback on that?" Uh-oh, you think, absolutely not. But if you're like
many of us, your response is something like, "Sure, I'd be very interested in your thoughts."
Why is giving and receiving feedback so difficult?
No Surprises
- If you tell people "I want no surprises," prepare for disappointment. For the kind of work
that most of us do, surprises are inevitable. Still, there's some core of useful meaning in "I
want no surprises," and if we think about it carefully, we can get what we really need.
When You Can't Even Think About It
- Some problems are so difficult or scary that we can't even think about how to face them. Until we can
think, action is not a good idea. How can we engage our brains for the really scary problems?
Annoyance to Asset
- Unsolicited contributions to the work of one element of a large organization, by people from another,
are often annoying to the recipients. Sometimes the contributors then feel rebuffed, insulted, or frustrated.
Toxic conflict can follow. We probably can't halt the flow of contributions, but we can convert it from
a liability to a valuable asset.
See also Emotions at Work and Emotions at Work for more related articles.
Forthcoming issues of Point Lookout
Coming February 26: Devious Political Tactics: Bad Decisions
- When workplace politics influences the exchanges that lead to important organizational decisions, we sometimes make decisions for reasons other than the best interests of the organization. Recognizing these tactics can limit the risk of bad decisions. Available here and by RSS on February 26.
And on March 5: On Begging the Question
- Some of our most expensive wrong decisions have come about because we've tricked ourselves as we debated our options. The tricks sometimes arise from rhetorical fallacies that tangle our thinking. One of the trickiest is called Begging the Question. Available here and by RSS on March 5.
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