Salary Hike..? Bonus…? promotion..? Am I stupid?

Am I stupid?

Am I stupid?

I know many of you got a good review, hoping to see teeny-weeny bit of a hike or a small bonus  or a promotion.

Heck… your boss walks up to you and indicates that you are not getting promoted this year and you need to be thankful for your paycheck.

Then, your boss sends a meeting invite that is scheduled in an hour along with a HR person into a conference room ‘Mount Fuji’.   Your blood pressure begins to build.

That moment comes – Your boss is not looking at you eye to eye but introduces the HR and excuses himself.

Now comes the ‘striking moment’ – HR personnel slowly speaks about how good you have done, your recent ratings etc which you don’t really care as, all you want is, to hear the catch!

You are about to scream – “Get to the point! – Show me my money!”

The HR personnel slowly and smoothly talks about how the economy is affecting the company revenues and in fact corporate executives are doing everything they can to avoid laying off employees.

Sure! Fair enough! – “Get to the point!”

Now comes the Kamikaze that knocks you down – Management has decided to instead, rescale the salary on case-by-case basis. You realize that is why he is here to talk to you.Then he tells you, your salary is rescaled to go down by 20% starting this week.

Huh…? What…?

You now need, more than any other time – a hug, a caring person who can patiently hear you and say ‘honey, don’t worry, I will take care of your shortcoming salary’.  You wish!

You walk out of the conference room with a silent nod to HR person. He says  ‘ I totally understand this is a bomb blast and if you want to take the rest of the day off, please feel free to do so’ .

But there is a all-hands meeting in the afternoon. So, you want to stick around.

Alright! – The week started with aspirations on Salary Hike, a tiny bonus and  perhaps promotion – all of these got promoted to the dreamland!

Then the CIO speaks at the all-hands meeting in the afternoon – ‘You have to be flexible to do anything needed- sometimes my controller of finance fetches me coffee and that’s how flexible we ought to be’.

Everyone giggles without energy.

You walk out of the corporate building slowly towards the parking garage thinking – you got a great review, a good rating and everyone in cross-functional departments raved your last year performance  – So.., “Am I stupid?”

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Recovery from recession? Where..? When..? How..?

Recession Recovery? Where..? When? How..?

Recession Recovery? Where..? When? How..?

I do not know about you but I keep hearing  more and more bad news about the economy on all of the different media channels.  What we need is some good news, irrespective of how minute impact it does to this economy.

I don’t want to rant about more bad news here but let’s look outside of US.  China is doing great. India is not doing badly. Japan is back in shape and UK is seemingly showing progress in its economy.

I was speaking to a senior member of the Church of Scientology who, just came back from a Asia and Europe tour. I was picking his brain on his experiences on the street (Part of his job is to ’spread the word’ and  enroll needy members into the Church).  He had visited in Nov 2008 and this visit was totally different. This visit was lot better in terms of donations to church and he saw a lot more friendly smiles.

So, what is it that we are missing? My friend then turned his conversation  ‘American greed’. He had heard this mentioned by the non-US members of his church.  It was clear to everyone outside of US that American corporations are greedy and that it is self-destructing jobs and hence economy recovery is far away if not impossible.

I am not sure if I agree with them but  lets say assume that American corporations are greedy.

So what?

We should  not look at the Government to fix anything that happens but we got to put some kind of mitigating process in place

  • Rather than expecting President to do something, ask the corporations to give back  -  when you came to our cities, we supported you with jobs, real-estate and such. Now its your responsibility to give back
  • The jobs that are eliminated should be sent to Job  elimination monitoring committee  (JEMC – OK, I made this up!) which should decide on a case-by-case basis and recommend the corporation to hold-off or go ahead.  Corporations should prove that  Job elimination is not just for monetary reasons but for lack of talent, etc (If H1-Visa requires some mandate that the petitioning company need to prove lack of talent in USA, why not JEMC? )

These are some of  my suggestions and I  think the US should consider getting  unemployment below 6% as the top priority for the economy to grow positive.

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Possible tip for job search

Employed or unemployed? - Look who is hiring/buying at Ntroduction

Employed or unemployed? - Look who is hiring/buying at Ntroduction

Based on national statistics, for every 20 people in this country today, 3 of them are unemployed on an average.  In this world of social networking and all, how do I know who can help me in my job search and who cannot?  Here are some of my thoughts.

I observed a large number of professionals are unemployed but show themselves as employed. Reason?  The kind of look you get when you tell someone that you are looking for a job is way-out-of-whack.  So, professionals project themselves as employed  (you can observe on linkedin about several D-Levels/C-Level professionals who have been off-loaded from their positions long ago but the linkedin profile seems to show that as current)

Well, what does this mean to you? If you are looking for a customer or looking to connect with a hiring manager, that’s misleading information.

However if you are just trying to network with them, then its awesome.  I like Linkedin for the same reason that I can grow my network, find where my colleagues are  – whether its of use right this minute or not. The only gripe about this is it could be outdated or they may not be ready to buy / hire. Right?

Now, where can I find professionals who are ready to buy product/services or even hire? You can browse  for introductions sought or introductions provided to get a clear idea of professionals ready to buy or hire.

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Self-deprecating job market and fear of what’s next

Job losses - How Ntroduction can help

Job losses - How Ntroduction can help

I was yawning  at the San Jose airport waiting for my friend who I had not seen for over 14 years (limited to email, phone calls) and  news Flash on the TV monitor in front of me, shook me – CA has 14% unemployment.

Man! – That might be a bit exaggertated. I would say perhaps 12% would be near to reality. I opened my iphone to check emails and my friend had sent me this link which is related to CA job situation.
Lets not feel happy comparing to the last year’s July planned job cuts as that’s not a happy news but overall, Say I am walking on a street of 20 people, 3 of them are without job in CA – Scary isn’t it?

These  are lost jobs to outsourcing or corporate greed or stockholders pressure or M&A. Whatever the reasons are, most of the jobs are ‘Gone Baby Gone’. What happenned to the promise by President that companies sending jobs would be taxed more?

I was talking to a friend, Director of IT in leading storage company and he agreed with me that IT jobs are now outsourced every second as we speak. So, , my advice to future employment force is to stay away from IT and look for something that is core to the business and that would be essential to keep it within corporate.  I would suggest you to browse professional introductions Seeked and provided and you will get an idea of what seems to be in demand.

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Do I know you…….?

Do I know you?

Do I know you?

During 1999/2000, when the market was booming,  I played a role of Director of Business Development for about 6 months. I was part of several organizations where I would meet people, handshake and exchange business cards.

In one such event, I happened to exchange a business card with a Director of Marketing at Siebel. I called the gentleman next day or two and introduced myself on the phone. He immediately says “Do I know you….? Are you introduced to me by anybody?”.

Fair enough. We just met in an event and it is a two way street – he may need our product/service – but let’s put ourselves in his shoes – maybe, he had a bad day or it is his policy to speak to people that are introduced to him only.

But after years , I realize – I have been in both places – Buyer or a Seller and I have learnt to ask the same question “Do I know you…? Are you introduced to me by anybody?”.  If we have met in an event, I will simply answer the call with “Please send me an email – if I have budget, I will let you know”.

However, if I had been introduced first hand by somebody, it would have made a difference – he would probably have said “You know, I have a very bad day and I do not have budget. Can we discuss this on phone a month or two later?”.

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