
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 non-commercial 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 in this series Top
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Related articles
More articles on Emotions at Work:
A Guide for the Humor-Impaired
- Humor can lift our spirits and defuse tense situations. If you're already skilled in humor, and you
want advice from an expert, I can't help you. But if you're humor-impaired and you just want to know
the basics, I probably can't help you either. Or maybe I can...
Unintended Consequences
- Sometimes, when we solve problems, the solutions create new problems that can be worse than the problems
we solve. Why does this happen? How can we limit this effect?
The Injured Teammate: II
- You're a team lead, and one of the team members is suddenly very ill or has been severely injured. How
do you handle it? Here are some suggestions for breaking the news to the team.
Blind Agendas
- Effective meetings have agendas. But even if a meeting has an agenda, the hidden agendas of participants
can cause trouble. Another source of trouble, less frequently recognized, is the blind agenda.
Top 30 Indicators That You Might Be Bored at Work
- Most of the time, when we're bored at work, we know we are. But sometimes, we're bored and we just don't
realize it. Here are some indicators of boredom that might escape some people's notice.
See also Emotions at Work and Managing Your Boss for more related articles.
Forthcoming issues of Point Lookout
Coming January 20: Anticipating Absence: Quarantine and Isolation
- When the pandemic compels some knowledge workers to quarantine or isolate, we tend to treat them as if they were totally unavailable. But if they're willing and able to work, even part-time, they might be able to continue to contribute. To make this happen, work out conditions in advance. Available here and by RSS on January 20.
And on January 27: Cost Concerns: Comparisons
- When we assess the costs of different options for solving a problem, we must take care not to commit a variety of errors in approach. These errors can lead to flawed decisions. One activity at risk for error is comparing the costs of two options. Available here and by RSS on January 27.
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- The Power Affect: How We Express Our Personal Power
Many
people who possess real organizational power have a characteristic demeanor. It's the way they project their presence. I call this the power affect. Some people — call them power pretenders — adopt the power affect well before they attain significant organizational power. Unfortunately for their colleagues, and for their organizations, power pretenders can attain organizational power out of proportion to their merit or abilities. Understanding the power affect is therefore important for anyone who aims to attain power, or anyone who works with power pretenders. Read more about this program.
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- A recording of a program presented June 29, 2017, Monthly
Webinar, sponsored by Technobility
Webinar Series. PMI members can earn 1.0 Category 'A' PDU by viewing this program. View this program now.
- A recording of a program presented June 29, 2017, Monthly
Webinar, sponsored by Technobility
Webinar Series. PMI members can earn 1.0 Category 'A' PDU by viewing this program. View this program now.
- Bullet Points: Mastery or Madness?
Decis
ion-makers in modern organizations commonly demand briefings in the form of bullet points or a series of series of bullet points. But this form of presentation has limited value for complex decisions. We need something more. We actually need to think. Briefers who combine the bullet-point format with a variety of persuasion techniques can mislead decision-makers, guiding them into making poor decisions. Read more about this program.
- A recording of a program presented June 24, 2020, Monthly
Webinar, sponsored by Technobility
Webinar Series. PMI members can earn 1.0 Category 'A' PDU by viewing this program. View this program now.
- A recording of a program presented June 24, 2020, Monthly
Webinar, sponsored by Technobility
Webinar Series. PMI members can earn 1.0 Category 'A' PDU by viewing this program. View this program now.
- A recording of a program presented June 24, 2020, Monthly
Webinar, sponsored by Technobility
Webinar Series. PMI members can earn 1.0 Category 'A' PDU by viewing this program. View this program now.
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