When it started, 2020 had a nice ring to it. It looked special.
However, as we all know, it turned out to be the toughest year in recent history:
Millions lost their jobs. Many are still searching for jobs.
Freshers got hit the hardest. Many companies didn’t hire or delayed their joining.
Many employees got salary cuts, the hikes were limited to 10% at the most.
It’s time to accept the harsh reality of today’s world
Developed countries have faced these situations earlier, but for many people in developing economies like India this was unprecedented.
It’s time we all accepted this:
The new globalized and merit driven economy is exciting but is also brutal. You can grow fast but nothing is guaranteed - jobs, hikes, promotions etc.. We all need to be prepared for such shocks.
As a professional, how to make ourselves “shock proof”?
There is no trick. It all boils down to:
Knowing your strengths
Choose your career wisely. If you hate or are indifferent about what you do, things will be hard for you.
Be the best you can be in your chosen work area.
Domain knowledge is good, but try to work across many domains.
Try to work in a “profit center” (like software) not “cost center” (like support)
Choose a profession that doesn’t depend on “number of hours” but “the impact”.
Never become complacent and keep learning. Number of years of experience is an asset, but only when you plan for it.
Prepare for the bad times
Be financially wise - Cut down on loans and credit cards. Save every month to have a contingency fund so that you don’t become nervous and do jobs you don’t want to do.
Be resilient. See opportunity in such crises.
Did I miss something? Do reply to let me know. Have a great 2021!