Utopia for Realists by Rutger Bregman (Part 2)

A Fifteen Hour Workweek. Leisure time is scarce in modern society, but why is that so? By 2030, Keynes predicted that mankind would have trouble filling up their spare time. Earlier, Benjamin Franklin predicted that we would work 4 hour days only. Employers were not keen to let their employees work for so short hours everyday. Henry Ford discovered that a shorter work week made employees more productive. In 1938, legislation to protect the 5 day workweek was passed. After WWII, leisure time continued to rise. It was predicted that machines would do all the work in future. Working would only be reserved for the elite. The spread of boredom might be a concern for Mankind. There was a concern that too much free time would bring about boredom and idleness. Are scientists prediction of what life would be like in 2062 come true? The irony is that in modern society, the working week is actually growing. It has to do with the feminist revolution. Parenting is a lot more time-intensive nowadays. The smartphone might even lead to the ordinary worker working even longer hours. Consumption has increased a lot more recently. Would our standard of living decrease if we work less? Productivity and long work hours do not go hand in hand. Even in the modern society, 40 hour workweeks might be too much. Research has shown that 6 hours per day is optimum. Working less solves the problem of stress and leads to increased levels of happiness. It might solve climate change and reduce the number of accidents too. It might address unemployment too. Paternity leave is extremely important nowadays. It might address the issue of aging population too. Nowadays, people tend to show off if they are busy. There is not enough paid work to go around. Is the strategy of shorter working hours what we all want? The answer is yes. The countries with the shortest workweeks have the largest number of volunteers and social capital. We all are capable of handling the good life.

It’s quite simple, really. Time is money. Economic growth can yield either more leisure or more consumption. – Rutger Bregman

It is worth noting, however, that the line between work and leisure has blurred in recent times. Work is now often perceived as a kind of hobby, or even as the very crux of our identity. – Rutger Bregman

There’s not a person on Earth who on their deathbed thinks, “Had I only put in a few more hours at the office or sat in front of the tube some more.” – Rutger Bregman

Work is the refuge of people who have nothing better to do. – Oscar Wilde

Why It Doesn’t Pay to Be a Banker. The trash workers went on strike. The streets were extremely stinky. It actually pays to strike. These are essential services which actually do much good to others. However, wall street traders don’t do much. These are the jobs that simply shift money around. Now, in modern society, more people are able to earn without contributing anything tangible to society. Ireland did okay without the bankers for 6 months. It did not have a debilitating impact on daily life. Creating complex financial products actually destroys wealth. Why are we working harder than ever before? Many people admit that they are doing bullshit jobs. Banking is very exclusive to the elite few. Some people feel that their job had no meaning and significance. This is a problem with the capitalist society. The modern society is concerned with nothing but profit. Now, it is all about milking the cash without innovation. Just imagine how society will be if we just focused on creating things of value. It does not mean that you earn much, it automatically means you are contributing to society. In modern times, more people have sought to move to banking. We need to tax higher earners even more. A teacher has a direct hand in shaping the future. We need to intervene at the classroom level. Which knowledge and skills do we want in our children in 2030? A shorter work week allows us to spend more time on ourselves. Society determines what has real value. After the strike, the garage collectors had a significant pay increase.

Making money without creating anything of value is anything but easy. It takes talent, ambition, and brains. And the banking world is brimming with clever minds. – Rutger Bregman

The goal of the future is full unemployment, so we can play. – Arthur C. Clarke

Race Against the Machine. Machines help to eliminate certain jobs. Robots should help to reduce the average number of working hours. People are educated, but your skills might be superfluous after a while. Moore realized the power of computers and that it would soon surpass humans. Machines help in the transportation sector, such as container shipping. The ratio of capital to labour is not constant. Technology has been advancing at an astounding rate. Who’s profiting from this? There are fewer winners as time passes. Inequality has been increasing in developed countries. Many jobs are at risk to be overtaken by machines. It will come in the next 20 years. That are some that argue that automation will create new jobs. Productivity is at record levels in the 2000s. Even the most modern of computers can defeat chess masters. Robots can hone our mental capacities. Automated cars might take over drivers on the roads soon. By 2029, it is predicted that computers will be as intelligent as people. There is no limit for machine computing power. In 1811, some men declared a war on machines, but the machines won. The whole point of robots is for them to do tasks that humans would rather not do themselves. How can we compete against the machine? It seems like there is limited hope and that inequality will continue to increase. Should we continue to focus on education? However, the low-hanging fruit has already been plucked. Maybe a solution is to bring a hammer. Humans still have the ultimate say as to how to shape our destiny. We need a massive redistribution of income.

The reality is that it takes fewer and fewer people to create a successful business, meaning that when a business succeeds, fewer and fewer people benefit. – Rutger Bregman

The factory of the future will have only two employees, a man and a dog. The man will be there to feed the dog. The dog will be there to keep the man from touching the equipment. – Popular joke among economists

Beyond the Gates of the Land of Plenty. Should we try to give everyone on Earth the joys of the Land of Plenty? We spend a lot of money on developmental aid. Nobody knows whether it has helped much or not. Sometimes, the usage can be different than what was intended. Is the remedy worse than the disease? The first form of aid happened in 1998. Studies have shown that providing free textbooks does not improve scores. We all should aim to take the guess work out of policy making. Is it better to give out free mosquito nets or to sell them? Even microcredit has not been proven effective at combating poverty and illness. Handing out cash is better. However, not everything is measurable. There are the 3 Is of development and they are ideology, ignorance and inertia. There needs to be strong measures against tax evasion especially in poor countries. Opening the gates is one way to give the poor a chance. After the war, countries protected their borders tightly. The world is wide open except for people. Opening borders to labour would boost wealth tremendously. The inhabitants of the Land of Plenty are filthy rich. We turn away refugees way too easily. Americans earn a lot more than their South American counterparts. Opening the borders is one of our best strategies against poverty. However, people often lament that by doing so, you will bringing terrorists in. The risk of terrorism is low. Immigration actually reduces in a decline of terrorist activities. They are not all criminals. There is practically zero correlation between ethnic background and crime. They will not undermine social cohesion too. Diversity cannot be used to blame cohesion in society. There is an argument that foreigner influx can help create more employment opportunities. Will cheap immigrant labor force wages down? A think tank has showed that immigration has virtually no effect on wages. It is not true that foreigners are too lazy to work. Immigrants actually take less advantage of public assistance. Governments can set criteria for them and make it harder for them to get PR. One way is to create language and culture tests. Open borders actually promote immigrant return. Opening the borders is not something we can do overnight. Just cracking the door around migration will help us tremendously.

How Ideas Change the World. There were some people who believed that the world would end on Dec 21, 1954. This was a prophecy that failed. Humans tend to suffer from cognitive dissonance, where people recalibrate reality rather than amend their worldview. Humans tend to stubborn. The more educated you are, the more unwilling you will be to change. Can new ideas like a universal basic income truly change the world? However, people’s ideas can indeed change over time. Sometimes, a single opposing voice can make all the difference. Had we invested too much in our old convictions? There is a lot we can learn from Friedrich Hayek and Milton Friedman. There are lessons we can learn from Neoliberalism. The world is getting richer and safer. It is okay to dream and keep plugging away.

People are most likely to change their opinions if you confront them with new and disagreeable facts as directly as possible. – Rutger Bregman

Utopia is on the horizon. I move two steps closer; it moves two steps further away. I walk another ten steps and the horizon runs ten steps further away. As much as I may walk, I’ll never reach it. So what’s the point of utopia? The point is this: to keep walking. – Eduardo Galeano

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Quitter by Jon Acuff (Part 2)

Falling in Like With a Job You Don’t Love. In the past, I was obsessed over quitting my job. Later on, people encouraged me to quit because of my dreams. Quitting your day job is not fulfilling the American dream. People assume your dream is more lucrative. However, writing doesn’t pay well. Dreams rarely pay well at the start. Your dream needs time to incubate. It takes very long indeed. Without incubation time, it will die. Keeping at a day job allowed my dream to have incubation time. What you do in one area of your life will affect the other areas too. Your work attitude tends to follow you home too. Remember why you work. I work to support my family. When you chase your dreams, sometimes you become selfish in your ways. Look for parallels. Starbucks is going to teach you accounting, marketing etc. You can learn from any job you have. Learn to start small and work from there. Look for purpose. Ask how can your day job benefit your dream job and vice versa. How can your chase for your dream job positively affect your day job? People was my purpose. Every dream involves people. You can definitely find purpose in your day job. Do not ever steal from work. This means working on your personal goals while at work. You are supposed to do work in your job description. One way to overcome this is to work very hard in your weekday evenings on your dream so you won’t feel pressed for time. Another way is to take on more assignments at work. Your employers didn’t pay you to work on your dream during working hours. Be honest and diligent with your day job hours. Think of your job as your adversary, not your advocate is a screwed up way of thinking. Protect the way you look at your boss and your company. The next wrong way is to demand that your job meet the needs of your dream. You are not entitled to anything.

The truth is, we need to learn to fall in like with a job we don’t live because it’s actually the best way to set up your dream for success. – Jon Acuff

Bad employees make horrible dreamers. You can’t loaf on your day job all week and then expect to magically throw the switch on the weekend and hustle on your dream. The things you do on your day job tend to follow you home. – Jon Acuff

We get really focused on our own stuff and our own dreams and we lose sight of the many, many reasons it is critical that you do great work at your day job. – Jon Acuff

The romantic way too look at it is that my dream job bled over into my day job. The candid way to look at it is that I was stealing from work. When you do your dream on work time, that’s stealing from your employer. – Jon Acuff

Wait on the Main Stage. We have to get on the main stage. It can be very nervous to speak on the main stage. To many, speaking at a lab is a failure. However, we all need to speak on the side before moving to the main stage. Plans are important, however, do not plan too much. Plans always change and they are fluid. The problem are that plans are too vague and no detailed steps are necessary. It’s like soccer, you can’t plan for everything as every moment is different. There are too many variables in life. You will not be able to script every detail. You do not need a plan. You need passion to drive you forward. The second thing you need is practice. You must show up every day and make it a habit. Just keep practising and practising. The conditions of your dream will change all the time. We like to see the underdog defeat the best. It is like David and Goliath. When you are small, nobody likes and respects you. Developing our dream job is more about hard work rather than grand moments in life. Start small and go along the way. We all need the gift of invisibility at the start. It’s harder to take risks when many people are watching you. Anonymity is the best because you have nothing to lose. You are a free man. Cherish it while it is still around.

Focus on your passion first. Your passion will always fuel your plan. Rarely will a plan fuel a passion. It will contribute. It will shape it. It will most certainly help it. – Jon Acuff

There Will Be Hustle. I have never taken blogging seriously. Things worked out because I hustled. Our desire to complicate matters is because we are lazy and fearful. Hustle is not hard. Sometimes, you will have to do the things you don’t enjoy. Dreams start in the morning. When you wake up, this is the best time to hustle. You don’t have excuses in the morning. One tends to have less excuses in the morning. When you start on your dreams in the morning, it will leave you happier throughout the day. As you grow older, you waste less time. It will force you to prioritize. The clue is to do more of the things you love and less of the things you like. Chasing your dreams isn’t all rosy and shit. The more you practice, the better you become. There is a lot of practice involved. Put quantity before quality. You have to learn 3 things about people. They won’t pay for what they can get for free. You will have to differentiate the product before they will pay. You have to weigh the long-term benefits of doing something for free. If there is a bigger gain from you not charging at speaking events, then don’t charge. Free pays dividends towards expertise. Doing stuff for free improves your exposure. Competition can be a big motivator but it is not a good measurement tool. If you feel you are better than your competitor, then you will get complacent. If you realize how much your opponent is better than you, you will get discouraged. Try not to measure your dream against someone else’s dream. Blog stats could be one potential measure. Your message must stay true to yourself. The best measure is the amount of work you have put in. This is the factor which you can control. Measure the number of days which you woke up early.

I love the title Quitter but still think that a core element holding this entire book together is a need to hustle. To push harder than the other person. To dream further. To work longer and faster. – Jon Acuff

Hustle is not hard. If you write your blog every day, at the end of the year you will have more readers than when you started. If you get up early and work on your dream two hours more than somebody else, your dream will progress faster. – Jon Acuff

The reality is that when you get busy doing the things that matter to you, you actually have more time to do the things you love and less time to do the things you like. – Jon Acuff

Learn to Be Successful at Success. You do not become an overnight celebrity. Do not misinterpret what success looked like for a dream. Success is the Bermuda Triangle of dreams. There are challenges associated with success too. Another problem is that we get arrogant. Overconfidence is scary. Do not let success kill your dream. Learn to define what is ‘enough’. You can send future emails to yourself. Write yourself a letter in the future. Success will often tell you that it is never enough and that you should strive even more. Define your enough. It is important not to burn out. You must always invest in relationships or they will die. Burn your dream bright but do not burnout. Please understand that the land of later is a myth. Kids do not believe in later. There will always be trade-offs. It is important to spend time with your family and kids too. Don’t turn your platform into a prison. Learn to have multi-generation dreams. Build a legacy that is bigger than individuals’ lives and actions. If you have a dream, share it with others. Do not take on opportunities which are not linked to your dream. Avoid saying yes to the wrong things.

Quit Your Day Job. I left my day job. My boss expected it. How do you know you’re really ready to leave? Learn to fill up this scorecard. 1) You have worked hard on your dream for more than a month/ a few months. Please understand that not everyone needs to quit their day job. The author had 6 reasons for quitting his day job. They are 1) He had somewhere to land. Next, the opportunity fit our opportunity filter. The author tested the dream before he quit. It is important to practice what you want to do with your life. I had a support network. We could afford to move. God seemed cool with our dream. It is important to establish some important ground rules. Share the rules and others hold you accountable. Make a list of risks that might appear after you leave your day job. Friendships might take long to form. In addition, you might be required to travel more. Money could be an issue too. You might need to pay rent for a home. We really can’t have two different versions of ourselves ‘work me’ and ‘life me’. To some extent, your work defines you. You think your job just funds the rest of your life. This cheapens the value of work. Some people think work is never meant to be fulfilling. There will always be hard and difficult moments at work. However, you have to do things you don’t necessarily enjoy at times. However, work can be fun sometimes. A menial task has meaning too.

You can’t spend 40 hours a week doing something and think it won’t impact you. You can’t spend half of your waking hours somewhere and think it doesn’t affect you. You can’t make a perfectly clean break between your life inside and outside work. – Jon Acuff

You can fake that you love your job for months, maybe even years, convincing everyone you work with that you care about the company, the business or the job. But your apathy for a job always comes out eventually. – Jon Acuff

If you quit your job without understanding why you’re quitting, you’ll just jump from job to job to job. You’ll become a serial quitter like I was. The things you didn’t like at the job before will show up in your next job. And the next. The common denominator in every bad job you’ve quit is you. – Jon Acuff

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The Rich Employee by James Altucher (Part 1)

Who is This Book For? Learn to choose yourself. Always tell yourself that as it very crucial. Ask yourself how can you change the world? Have a ‘rich employee’ mindset. Choose themselves. Apply that vantage point. You can apply the lessons even if you are not an entrepreneur. Make the most of every situation and get the most of every job and learning opportunity. Learn to be a rich employee.

The Rich Employee Mentality. The world was changing fast but I was feeling lost. However, we cannot fight the change. If you are the rich employee, you can survive in any economy. Learn to practise ‘The Daily Practice’ every day. Eat better, move better. Do not spend time with people who will bring you down. Learn to become an idea muscle. Practise a little more gratitude each day. Learn to recognize who are the gatekeepers in your life. Knowledge as a whole can be outsourced. However, ideas can never be outsourced. Income inequality is increasing. Being an entrepreneur, there is an 85% risk of failure. Participate in the idea economy. Learn to participate in the Idea Economy. Learn to enjoy the best of both worlds. Keep getting better everyday.

Everything that can be outsourced will be outsourced. Anything that can be replaced with technology will be replaced with technology. – James Altucher

Don’t forget that entrepreneurship is just like having a job with an 85% rate of failure. There is no way to predict or avoid that failure rate. Once you jump into that poo, it’s too dark to see if a shark is waiting to eat you. But there’s an 85% chance that a shark is there. – James Altucher

Start the Road Towards Becoming a Rich Employee Exactly Where You Are

10 Things a Rich Employee Does if She or He has Just Been Fired. Try your best not to panic, instead learn to take action. If someone bribes you to do something, and you do it, you have become a prisoner.

10 Things a Rich Employee Will Do if She is Hired Today. Follow your boss if your boss is good. Rule #1: Love your product. You must love your company and use your product. Read every book on your company’s history. The author worked for HBO and watched a lot of HBO shows. Rule #2: Know the history of the company. Rule #3: Know the history of the executives. Rule #4: Make your boss look good. Give your boss all the credit. You depend on your boss to climb up. You must know his goals etc. Wake up 2 hours earlier to go to work. Thank him for the opportunities he has given you. Rule #5: Know all the secretaries. Take them out for lunch. Pay attention to ‘Human Resources’. Rule#6: Test Your Value. Do not be inbred. Hence, do not stay at one place for too long. Have fun with other people from top companies. Every time you get an offer, you might get a raise. Introverts are good at listening. It is a powerful skill. Rule#7: Study the marketing campaigns. Rule#8: Study the Industry. Rule#9: Become the Company. Make sure you know how to execute the idea in detail. Rule#10: Leave. Think like an entrepreneur when you are working for a company.

Know all of your colleagues and what their dreams and ambitions are. Get to work 2 hours before they get to work. If they need favors, do them. You have a whole 2 hours extra a day. You can do anything. – James Altucher

10 Reasons a Rich Employee Will Stay at Her or His Job: For Now. You should quit your job, but maybe not today. Not everything is black and white. Reason 1: You get a steady paycheck. Reason 2: Friendship. Reason 3: Chance of Promotion. Reason 4: Fake Money. Reason 5: Respect. You get to build connections with prominent people. The trick to do well is to over-promise and over-deliver. Reason 6: You can Afford to Have an Evil Plan. It took me 18 months to get going. Learn to eliminate your risk. You must have your job to get risk of the risks. Be an entre-ployee. Learn to eliminate the risks. Summers are off. When you are entrepreneur, you will worry about everything and anything. You get to switch jobs. Consult and help people and learn new things. Don’t jump over the cliff. Have ropes and safety gear. Try to generate as many passive sources of income as possible. Income has not been rising steadily in relation to inflation. Try to do consulting and get more skills whenever possible. Have an evil plan and keep working on it in your free time.

In a regular job you can probably get by (maybe unhappily but still get by) forever. But an entrepreneur has a very high chance of failure. Which would you rather take? I don’t want people to stay at a job. – James Altucher

Just being an entrepreneur, without having multiple sources of income, without first taking care of the risks, is suicide. – James Altucher

As an employee, you can link your financial success to the success of the larger company. If you can figure out how to do this, then you can stay at your job forever and watch it grow. – James Altucher

Why Be a Rich Employee?

Why You Must Urgently Become a Rich Employee, Right Now. Most people in the workplace are angry with you. Try not to let people control you and try not to control others. Always remember that no one remembers how you helped them. You cannot save anyone. You never really ‘own’ anything. That thing will own you. For example, you need to pay a bank loan etc. Do not let money control who you associate with. ‘Luck equals 1. Persistence, plus 2. Diversification.’ Come up with many ideas but only implement one. When you are angry in response to someone, you are letting anger control you. Do not let anger control you, or you will sacrifice your health. It is better to be healthy than to be ‘right’. Learn to ignore the chatter in your head. Don’t be the slave, be the master.

If someone does something I don’t like, I can’t control what they may think or do. It’s useless and it’s a waste of my time. I try to change my circumstances so I don’t have to deal with those people. – James Altucher

How to be a ‘Master’ or at least: The Smartest ‘Rich Employee’ in the Room. To seem the smartest, always assume you are the least intelligent person in the room. This is because you will learn to listen more. Learn from everyone you can. People never finish talking. Listen to the silence. Ask them questions after they are doing talking. Intelligence compounds exponentially. It’s called the network effect. Be a spy when you go for an event and absorb as much as possible. Learn to be humble. The problem is even if you are confidence and exude charm, people will forget you. If you are humble, they will remember you.

The Rich Employee vs The Poor Employee Mentality

How a Rich Employee Thinks. Leaders walk the talk. That is why the CEO of the company, Disney, picked litter from Disneyland and threw it away himself personally. He nurtured a culture of excellence. The CEO is the lowest employee who has the most bosses. Excellence ripples throughout an organization. Thinking about money reduces your performance level on the job. Finding meaning in your work is the key. When you are discouraged, learn to encourage others. A great CEO just needs to be right 50% of the time. The key is that a rich employee ties his financial success to the financial success of the company. As an entrepreneur, there is little way of predicting the future. However, you can control your mindset, habits etc. When a company is too big, learn to create ‘grouplets’ or small projects to motivate employees. Craig Silverstein worked for Google but later created Khan Academy. It is now a billion dollar company. A rich employee over promises and over delivers. I always hire people who deliver extra solutions. Always go to work early. The brain is relaxed in the day and sleep is important. Lack of sleep is related to health problems. You are most productive in the mornings. It is difficult to work immediately after lunch as you will be sleepy. You are the most productive 2 to 5 hours after you wake up. Do administrative tasks later in the evenings. A rich employee does not gossip. Gossip arose since the caveman days. It helps to instil trust in others whom you don’t know. However, once secrets leak, things are not pleasant anymore. If you know someone has been gossiping behind your back, you will not treat the person the same again. If your boss finds out that you are gossiping about him, you are screwed for life. Spend less time gossiping and more time working. Ask at the end of each day: Who did I help today? Relationships can’t be outsourced. Spend time during your way to help your co-workers. It is hard not to help someone when you have receive something from them. Always adopt a mindset of ‘who can I help?’ It could be someone from another dept. If you have a stable salary, it could work against you, as you will want to work less since you will get the same amount of pay. A rich employee gives credit to his bosses and employers. Always choose yourself. Judge your success by the success of your employees/students. Help your manager to shine. Focus on your mission and long range profits. Focus on a pain point in the world. Always ask that question first. You must ask yourself questions. What do you want out of work? Write down what your long term goals are. Constantly learn about your competitors, the industry, the history etc. You can always add more value. You must know all the nuances of your competitor in order to succeed. You should new ideas every day and also know how to execute them. Write down 10 easy execution steps for your idea. A rich employee builds deeper bonds with employees throughout the company. You can’t push change through if you don’t know anyone. You should work for a company that allows all of the above. Help your employees succeed. You need to be a leader. Write many leadership articles. Good leadership is very rare. A bad leader does not understand the 30/150 rule. If you have less than 30 people, give each person one thing to do. Do not give people many things. Learn to assign responsibility clearly. Make your employees leaders. Bad leaders are jealous when others are smarter than them. Understand your 30 employees well. If your organization has more than 30 but less than 150, set projects and create small teams. Start a vision if you have more than 150 employees. This is when you must lead by example. Unify people with a story. Having a bad vision equals to failure. Some companies expand by keep buying competitors and not grow organically. Bad leaders talk bad about their clients. Bad leaders don’t want you to pass them. Always attribute your success to your mentors. Bad leaders don’t know their numbers. Bad leaders don’t get rid of the bad people. A bad leader often has enormous charisma. It was charisma that got them there, to where they are. They can charm their bosses. Bad leaders smoke crack. They will not admit their faults. Do due diligence on your own organization. Come up with correct metrics for success. Improve 1% every day. A rich employee has an evil plan. The poor employee does not have an evil plan.

A bad leader will not change his behaviour no matter how many people he or she leads. – James Altucher

Title doesn’t matter. Salary doesn’t matter. It’s how you deliver value and create excellence around you that matters. Title and salary work themselves out over time. – James Altucher

I know that if I can deliver a message that actually helps people in this chaotic world, than money will be a by-product of that in the long run. – James Altucher

The smartest people alive who have brilliant business ideas, who never executed, are never heard of again. Only action makes a hero. Superman never sat around in his living room and said, “Hmmm, should I help Lois?’ No. Execution saved Lois’s life. – James Altucher

There are many ways to tie your success to the success of your company: you can be paid in money, of course, which is good. But also in freedom, in well-being, in better opportunities for your future, and so on. – James Altucher

Bad corporate leaders will do this: buy all the companies, fire all the waste, report good numbers to the stock market, and then sell their stock, the stock goes down, the company falls apart. I’ve seen that happen a lot. – James Altucher

At any point in your career, you are either a thermostat or a thermometer. You either define the temperature of the people around you and help them achieve their goals and dreams, or you simply do as you’re told and be a follower and never inspire. How do you become the thermostat? – James Altucher

How a Poor Employee Thinks. Jobs can be either outsourced to other countries or be replaced. Education might not protect you from it. Do not look for employers who will outsource people at the first opportunity. Use time to learn to be innovative. Learning from online courses is a great idea. Avoid the poor employee mindset. A poor employee gossips, under promises, doesn’t understand company vision. He never invests in himself. He spends on showing off instead of learning new things. He never comes up with great ideas. Does only what is required to get a salary. He surfs the net a lot for personal interests. He hates the job.

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Singapore in Transition by Han Fook Kwang (Part 1)

Hope, anxiety and question marks

Introduction. He was the editor of the Straits Times from 2002 to 2012. Fook Kwang writes regularly columns in The Sunday Times. We are a more rounded society now. Singapore is thriving for more civic participation and diversity of views. How can the economy continue to grow He has learnt to take feedback in his stride.

Politics. In 1989, he joined the Straits Times as a journalist. Technology and social media changed how people viewed society and politics. The public is more outspoken nowadays. Are the leaders out of touch with what is happening on the ground? The public is becoming more demanding nowadays. GE 2011 showed what happens if the government doesn’t change fast enough. Fear is always still present. It is important to read and think about the articles.

The trouble with $2,200 bikes and $600 chairs. Why were Singaporeans so upset with these purchases? The bidding period for quotations would increase from 4 to 7 days. The issue was not unfair evaluation but also the sheer cost of the bikes. Spending $2,200 on a bike wasn’t typical household spending in Singapore. Does all government need to be analyzed using cost benefit analysis? Can they incorporate assessment methods like using common sense and instincts to decide? Can an organization develop a culture and values system to do the right thing? Is there a widening gap in expectations between the general public and public sector leadership? We all need to agree on what the future Singapore should look like.

The real fear: Being pushed out of home. At the root of disquiet over foreigners is basic human anxiety of being displaced. The number of foreign workers are a concern. Immigration is a hot topic everywhere. The issue is the dilution of our culture and values. Are the foreigners integrating into our society? Mr Lee Kuan Yew had great foresight and could foresee this problem many years ago. Nobody wants to be displaced from their own back-yard. There has been a strain on infrastructure in recent years. However, infrastructure can be continually improved. People have different views on immigration. The common man is worried about their job security and foreigners stealing their jobs. Nowadays, there is also high skilled labour entering Singapore’s shores. The government needs to recognize concerns from Singaporeans and yet do what it takes to continue having a vibrant workforce and economy.

Singapore the real winner in Punggol East by-election. The by-election was conducted fairly. The Workers Party are also a party which is not out to upend the status quo. They certainly do not have plans to become the next government straight away. WP often agrees with the positions of the PAP. WP needs to work on their policies to rival PAP’s. The electorate is more educated and sensible now. It is important to field the best candidate.

Government needs to regain people’s trust. White Paper debate shows people must be persuaded plans are in their interest. Many Singaporeans were unhappy at the White Paper. Is there a lack of public confidence in the government? People need to know that policies are in their best interest. Trust has to be earned and re-earned. There is certainly a measured approach which needs to be adopted when it comes to population growth. The government needs to explain how the increase in foreigners will benefit Singaporeans. This is crucial. The public must feel that the government is acting in their interest and is doing what is best for the country.

Who’s out of touch – our leaders or people?  While some feel the Government has become elitist, others say citizens are unrealistic. The public seems to be getting unhappier at major issues. Has the government gone soft? The first theme blames the government. If the policy makers lost touch with the ground, things might be difficult. Or are the people to blame for having unrealistic expectations of the government? Are they are grateful enough Policy makers need to deal with municipal issues as well.

50 and celebrating the spirit of questioning. People who bought property in the past were able to benefit from them. Many people have taken advantage of the real estate boom. This was one of Singapore’s icons of success. However, are resale flats too expensive? Are we a too materialistic society? Are we better off living in houses with inflated values? There are grave concerns over the Singapore economy. Are Singaporean companies losing their competitiveness? Is our economy in need of structural change? The public also wants a stronger opposition. Our government is never stagnant and is trying their best to rejuvenate the economy. As we turn 50, it is the best time to ask such questions.

What dark secret is in the Singapore basement? There are things every society is not proud to be associated with, but which still exist. What is the cost of economic growth?  Is there exploitation of cheap labour? 3 groups have sacrificed themselves for the sake of economic growth. One is the low-wage workers. However, programmes like Workfare are helping this group. Politicians who were opponents of the ruling party have suffered in the past. Some movies have also been banned in Singapore. There are also many low-wage foreign workers doing the jobs that Singaporeans do not want to pick up. These are the some of the trade-offs in our society.

Fear for Singapore propelled vote swing. Voters feared that the ruling party might be voted out. It would be the unthinkable. The opposition’s campaigns seemed to gain a lot of traction online. There was a fear the ruling party would lose seats and weaken it. Voters didn’t want to see 1 more GRC move to the opposition. Many voters could have been influenced by SG50. The WP kept emphasizing on checks and balances to improve governance. The opponent will have to thread carefully after this bad result. The WP will have to re-strategize and fight again.

Lee Kuan Yew. LKY was a fast worker. Back then, everything was handwritten and he would mail his comments to me. He would always ask reporters and editors on how his speech could be improved. LKY has a tremendous persistence and determination. Many of his initial ideas for Singapore were revolutionary at that time. Indeed, he still continues to loom large.

His conviction and personality shaped Singapore. LKY can look back at Singapore as his achievement. The country has progressed much since independence. Does the younger generation lack the understanding of what made Singapore succeed? His conviction was outstanding and he was relentless about his pursuit of success. Values were very important to him. Thankfully, PAP is never on autopilot and a lot of fine-tuning of policies need to be carried out. He can take pride on our new generation and the effort younger Singaporeans are putting in.

The original big-idea leader. His enduring legacy was that he had powerful ideas for Singapore and the courage and commitment to turn them into reality. Mr Lee was not concerned with winning his critics. The good thing about him was that he was not afraid of implementing new policies. He chose to bring in MNCs, have compulsory NS for males, introduced English as the common language and multi-culturialism. He had a great deputy, Dr Goh Keng Swee. The big institutions were under government control. Mr Lee is an extreme pragmatist. He believed in minimal public welfare and home ownership. Can Singapore sustain its growth? It remains to be seen.

I’m very determined. If I decide that something is worth doing, then I’ll put my heart and soul to it. The whole ground can be against me but if I know it is right, I’ll do it. – Lee Kuan Yew

What’s next for Singapore after Lee Kuan Yew. Passing of larger-than-life leader will bring inevitable change, but key question is what this entails. What will life be like? The current leadership will certainly feel his absence. Lee Kuan Yew also commanded a lot of respect from international leaders and Singapore’s reputation might be affected. Mr Lee had many views on rising China in the past and he built a strong relationship with global leaders. No current leader should try to emulate him though.

He wasn’t afraid to show his true colours. Open display of grief shows Mr Lee’s qualities mattered more than his actions. Mr Lee never sought adulation. He was a very serious leader. He was a very frugal man and wasn’t interested in wealth. This made him more relatable to ordinary Singaporeans. Singapore was his lifelong project. He was never afraid of public examination and he wasn’t afraid to be harsh, when necessary.

Singapore’s future according to LKY. He still thought that Singapore would be safe for 10 years. But beyond that, it depends on the other members of the team. There will be a time when the public wants to try the other side. Nobody can settle the future of a country beyond more than 10 years of his life.

Economy. Hope it isn’t the kiss of death for me. Stagnating wages have been an issue for a while now. Does the average Singaporean worker deserve higher pay than his neighbouring counterpart? How do we make workers in Singapore more competitive? People need to do their job well and display initiative in whatever they do. I was impressed by service staff overseas. Singaporeans have not developed this sense of taking pride in their work. We do not possess the deep skills and knowledge required to make our products/services world-class.

Who do you think owns your company? It’s hard to improve productivity unless employees feel a sense of ownership. Labour productivity growth rates haven’t been growing. The government has been investing a lot into the National Productivity Fund. There is a lot of financial support for start-ups. Will companies be over-reliant on government help? We need home-grown innovators. Productivity is crucial. Management’s problems should also be worker’s problems. If you ask the Japanese who owns their company, they will say that their companies belong to them too.

Do workers here believe that the company they work for belongs to them? If the answer to the question is no, if workers’ hearts are not in their companies, the company doesn’t deserve to be given taxpayers’ money. – Han Fook Kwang

The $6 billion question: Will government funds help SMEs to do better? How do you grow the pie each year so that everyone can benefit? Transformation of the SME industry was the strategy. We want to send workers’ for training and rely less on foreign labour. Singapore is known for the excellent infrastructure and tax incentives. The going will continue to get tougher. However, we have to be accountable for the amount spent in the budget. We need to review whether programmes have the desired effect.

When wages fail to grow along with economy? Stagnating incomes need to be tackled in earnest. Income rose from the 1965s to the 1990s. The median monthly rate increased tremendously. Starting salaries for fresh graduates haven’t been increasing much. Why is there economic growth but no wage increase? This issue is also not uniquely Singapore. Do we need a new growth model? These are important questions which need to be answered. Inflation rates have been rising. Will stagnating incomes affect the quality of living? If the ruling party can’t deliver good jobs and incomes, they might lose votes. Ultimately, they still need to care about the economy.

Do Singaporean workers deserve their wages? Why do our workers deserve a premium when they are not so productive? We do not fare well in case interviews too. Are our workers comparable with engineering firms in Germany? Many say workers in Singapore lack drive. We should be hungrier and more hardworking. Our workers need better skills and ability. The Swiss has managed to reinvent themselves. Let’s hope stagnating wages are not here to stay.

Is Singapore too business friendly for local firms? There are basically no entry barriers. We face the brunt of global competition. It is too easy to set up a business here than many want to try. Toyota and Nissan thrived at the start because of protectionist measures. Once they were bigger, Japan opened up their economy to trade etc. It can notorious for foreign firms to succeed in China. Japanese companies usually favour sub-contractors they know for a long time. Can the system be more nuanced? Can a more protectionist approach yield the new global Singapore firm?

Understanding productivity: Why we haven’t got it still. BCA has been encouraging construction firms to use technology. Our economy is struggling to achieve 2 to 4% of productivity growth. It is not so easy to get workers to produce more. Is the worker even doing the right job? Should he be doing something else? What is Singapore really good at producing? Restructuring of the economy comes into the picture, not just about productivity gains. There is also excessive focus on technology. We need to understand the human relationships in organizations and how employers/ employees interact

If workers do not believe that bosses are fair, that the company belongs to them as much as it does to shareholders, and that they have a future in it, no amount of skill or technology will help them excel. – Han Fook Kwang

Sake, windmills and the art of craftsmanship. Both how Japanese brew and the Dutch harness wind for energy is intriguing. There is a common pursuit of excellence. Be the best you can be. The master craftsman often hands down the skills to the younger ones. They are constantly thinking of new ways to improve the brew. They treat their job with utmost respect and care. The Dutch needed to be good at harnessing energy from windmills as they needed to clear waterlogged lands. The country sits on low-lying land. It is a deep Dutch tradition.

What it takes to get the economy buzzing. Singapore relies on trade and connections with neighbours. We lack enough dynamic individuals to take us forward. We need to develop a culture of entrepreneurship. We need to do our jobs well. People in Japan, Netherlands are very resourceful.

Singapore In Transition

20 possible reasons why being employed might be good for you

 

  1. A job cannot guarantee financial stability or independence unless the amount it pays is sufficient to cover your own living expenses. That being said, a job provides a source of income which is necessary to do many things in life. Struggling to feed yourself every day is a real pain and can consume much of your willpower you will need for other tasks. 
  2. Money is indeed essential for survival and for sustenance. This is especially so when you have others as your financial dependents. I am sure you have heard phrases like ‘Money is the root of all evil’. However, a certain level is necessary for a decent standard of living. Once you attain all the various necessities in life, one will start fulfilling their ‘wants’ and ‘desires’. However, choose those ‘wants’ which you can afford and live within your means.  
  3. A job helps to occupy your time. With more than 16 waking hours per day to kill, one of the best ways to do so is to get employed. Boredom can kill as you struggle to find activities to occupy your time and keep yourself busy. Imagine the difference you can make if you use your time wisely. It is difficult to embark on any particular project which you have set yourself unless you can have an underlying motivation etc. 
  4. One can find meaning in their job. If you find that the work you do is value adding and is able to benefit other organizations/people/systems etc, it can be extremely rewarding. It will prove that everything you do is worthwhile and that you are able to make a positive impact on others. Meaning is what fuels you and pushes you on even on days you don’t feel like working. Something, it is difficult to see how the end product benefits others due to the lack of visibility etc. However, just thinking about how your work can help others is sufficiently motivating. 
  5. Working can fuel your passion. For instance, if the work you are engaging in is something which you are also pursuing as a hobby or something which you have always dreamt of doing since young, the inner drive will be your motivating factor. You might even be able to attain the state of ‘flow’ during your course of work. This is very crucial as the nature of the work is often a key factor in whether one can last long in a job. 
  6. Subject to many possible factors, it is possible to feel happy about your work. Since work occupies a large part of your day, it matters what sort of feelings you harbor towards your job. Feeling optimistic and happy everyday will ensure that you bring greater energy into your life. The optimal feeling is to look forward to going to work each day and having a positive attitude and mindset. 
  7. Work provides a sense of accomplishment and a sense of progress. Progress is very crucial as one usually derives satisfaction from seeing work moving forward. With that goal in mind, work can generate a certain sense of fulfillment and development. Through progress, one is able to see the end goal. 
  8. Learning is one of the big plus points about working. By learning, it could mean in terms of both technical and soft skills. Learning is a great sign of growth and improvement. I believe no people wants to stagnate and vegetate. Knowledge is power. Knowledge is something which no one can take away from you. 
  9. Humans often like challenges. Although daunting at first, if you establish concrete steps towards tackling them and find out exactly how to achieve them, most challenges can be conquered. A successfully completed challenge provides a sense of triumph and relief which can be very rewarding. 
  10. Work has the ability to cultivate, hone and develop your character. Through overcoming obstacles, one can develop traits like perseverance, determination, resilience etc. Traits can be easily in-built and not before long, you will become a better person. Just like that. 
  11. Having a job usually means a certain form of socializing with others. This prevents one from feeling lonely. Social interactions are very important for man. As the saying goes, ‘No man is an island.’ Man needs to seek understanding and affection from others. I know for a fact that having great and meaningful relationships is a key ingredient for happiness. 
  12. Depending on what you do, work very often gives you the ability to practice on a certain skill. Through spending a lot of time on it, it is possible to be a master at a particular skill. Being a master can be very satisfying and you are able to specialize and be productive. Being better at something, or anything for that matter, is generally the goal for most. I mean, who would want to strive to perform worse at something? 
  13. Work is a good way to measure productivity. For me, I feel great on days where I am productive and can get a lot of work done. For instance, if I am able to complete the tasks I set out every morning by the end of the day, it feels very rewarding. Figure out your sweet spot, such as an ideal time of the time to get work done or a particular place to work in. 
  14. Striking off your daily tasks feels extremely satisfying as one can finally see light at the end of the tunnel. This is also an awesome way to track your productivity and remind yourself of any upcoming deadlines. 
  15. Providing for yourself also allows one to remain financially independent and develop your social stature. The ability to work can be seen as being of value to society. For some, work allows them to develop a sense of well-being and pride. This, in turn, leads to a better sense of confidence to face the world. 
  16. In general, work instils a great sense of discipline. Discipline is the key in achieving a lot of the finer things in life (such as maintaining a strict exercise, diet regime etc). The discipline you inculcate in work can be easily transferred to other aspects of your life. 
  17. Success fuels passion more than passion fuels success. Therefore, as mentioned in point (12), once you are good at a particular skill, everything will seem easier to you. This can further fuel your passion to develop your skills even further, resulting in a positive cycle of improvement. 
  18. Even if you are not able to be a specialist at work, you can still do well as a generalist. As a generalist, your aim is to be good at multiple skills but not be excellent at any. Being good at skills which complement each other allows you to see the big picture and implement unique solutions for your organization. ‘A jack of trades’ person is also highly valued when establishing a business. 
  19. Should opportunities arise, working on projects to improve your organization’s processes is also a form of finding a reason for work. Achieving operational efficiencies and streamlining processes not only saves cost, but it will also save you time.   
  20. Although you might have less time to pursue your other interests in life, the benefits as stated above can more than adequately compensate for a less flexible schedule. As mentioned in point (3), a flexible schedule only works if you know how to occupy your time meaningfully.

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30 Reasons Why You Should Stay in Audit

 

  1. ‘A person who has opportunities for play can always choose a workaholic life.’ – Martha Nussbaum. A career in audit provides a workaholic life.
  2.  You are already comfortable with the audit approach, and the steps needed to be done from the inception of the audit to the signing of the FS.
  3. Audit provides a good learning curve, with new processes or client developments each year. In addition, the financial reporting standards keep evolving (as you realized from audit excellence training and regulatory updates for GFSI people).
  4. Audit provides good networking opportunities with clients and exposure to different types of businesses/industries.
  5. Audit is dynamic in a sense too, where unknown surprises from either your manager/client might surface. This provides excitement in your life. 
  6. Audit allows you to meet new and young male/female colleagues who are of your age group. Therefore, from a networking standpoint, this is another benefit. You may not have the chance to meet such people outside the firm.
  7. Your bosses seem to be understanding and reasonable. Leaving might not guarantee a better life outside. 
  8. Audit has long hours. However, I am sure that you still have the passion/fire within you for it. 
  9. Given your position in Audit, you will be able to soon take up the challenge of leading a team and managing an engagement. You may not have the ability to exhibit your leadership qualities outside. 
  10. Audit allows you to progress fast and soon be able to delegate work and manage your associates. 
  11. Leaving without a job is risky as you not know when you will be able to find something suitable. Leaving with a job is a big step into the unknown lol. 
  12. Even though you might have better hours if you leave audit, you might be bored with too much free time
  13. Audit is a good place to develop qualities like managing stress, efficient time management, soft skills etc. 
  14. In audit, your work matters to not only the client, but to the various stakeholders that the client has dealings with. 
  15. Audit work is value-adding in that sense. 
  16. When you leave, it might be difficult to integrate in the new environment as your colleagues might be of an older generation and there might be lapses in communication.
  17. After earning too much money, you will become obsessed and devoted to achieving more of it. As a result, you will soon distance yourself from society. 
  18. You have already established a strong network of friends in the firm. Although you might be able to meet new people outside the firm, they may not be as friendly and warm
  19. By leaving, you are indirectly affecting your friends’ motivation for work
  20. ‘I learned that it pays to hang around with people better than you are, because you will float upward a little bit. And if you hang around with people that behave worse than you, pretty soon you’ll start sliding down the pole. It just works that way.’ Warren Buffett
  21. ‘Being relatively unmoved by rewards gives you the incalculable power to go your own way. It’s up to you to use that independence to good effect.’ Susan Cain
  22. ‘Getting your brain wired into little goals and achieving them, that helps you achieve the bigger things you shouldn’t be able to do. It’s not just practicing the specific thing. It’s always making things more difficult than they should be, and never falling short, so that you have that extra reserve, that tank, so you know you can always go further than your goal. For me that’s what discipline is. It’s repetition and practice.’ David Blaine
  23. ‘Success is conditional – but it’s within your reach as long as you have the discipline to try, try again.’ Roy F. Baumeister & John Tierney
  24. ‘The most difficult phase of your life is not when no one understands you. It is when you don’t understand yourself.’ Anonymous
  25. ‘The more the body suffers, the more the spirit flowers… Breaking the comfort zone seems to be the place where I always grow.’ David Blaine
  26. I have seen colleagues quit and choose to return to DT subsequently! It makes you wonder why they chose to quit in the first place!
  27. ”If clouds are blocking the sun, there will always be a silver lining that reminds me to keep on trying…most people lose the ability to see silver linings even though they are always there above us.’ Matthew Quick
  28. ‘‘The motto I have always lived by in life is to be passionate in whatever you dodon’t do things half-heartedly. Passion will be the fuel to carry you through and help you overcome most of the challenges you will face in life’s journey, be it in work, family or other areas. Learn to enjoy and smell the roses along life’s journey.’ DTT SG Audit Partner
  29. ‘Fortunately, it doesn’t matter. No one has a 5.0 in real life. In fact, when you finish school, the whole notion of a GPA just goes away. When you’re in school, every little mistake is a permanent scratch in your windshield. But in the real world, if you’re not swerving around and hitting the guard rails every now and then, you’re not going fast enough. Your biggest risk isn’t failing, it’s being too comfortable.’ Drew Houston, CEO of Dropbox.
  30. Audit provides an exciting, yet challenging life!

PS: Please treat this list seriously! 😀

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33 Reasons Why Job Seekers Find It Difficult

 

  1. Information asymmetry is often present as the job description provided to the jobseeker is not detailed enough and he is unable to prepare adequately for the interview or know what he is getting himself into eventually. 
  2. Information asymmetry is also present when the jobseeker does not know what the company culture is like. Even if he tries to learn about it from his friends in the organization, it is just a form of third-hand experience and might not represent how he may feel once work commences.
  3. There will be the tendency for the interviewer to only reveal the good aspects of the job to the jobseeker and hide the negative aspects. There might be an expectation mismatch for the jobseeker once work commences.
  4. From the jobseeker’s point of view, it is extremely difficult to plan and anticipate questions that might be asked by the prospective employer during the interview.
  5. In Singapore, there are only a few jobsites which jobseekers typically frequent (Jobstreet, JobsDB, Monster, efinancialcareers etc). This can potentially lead to a huge level of competition from other jobseekers for roles advertised.
  6. Unless the job seeker is very patient in his job hunt, he may have to settle with a job which is not his top choice. This might also be a job which he are less comfortable with and will eventually regret partaking in.
  7. Many of the better roles are not advertised on the job websites listed in point 5 above as companies prefers hiring internal transfers or using their own employee referral scheme. It helps if the jobseeker has connections with someone in the organization.
  8. It is highly advantageous if the jobseeker knows someone within the organization he is planning to enter. However, if he has a small social circle or if his friends are not in the same field he are planning to enter, tough luck.
  9. There is a risk that the actual job duties may differ greatly from the job description as advertised or as described by the interviewer.
  10. More often than not, the prospective employer’s organization is not stated in the job website and the job seeker will only learn about it during the job interview. However, at that stage, he might realize it’s not a company which he planned to enter in the first place. This is a waste of both the employer’s and jobseeker’s time.
  11. Employers use various job portals and have varying job application details. From the jobseeker’s perspective, applying to organizations directly is time consuming as the same data has to be separately keyed in to multiple employer’s websites.
  12. Recruiters might be slow to revert to emails and offer positions that are not commensurate with the jobseeker’s level of work experience and requirements. There is an incentive to do that as the recruiter stands to earn commission for any successful matching of jobseeker to employer.
  13. The moment the jobseekers turns down a few of the above job opportunities, the recruiters are less likely to contact him again for other openings. This is often frustrating for the jobseeker as it lowers his chances of finding a suitable role.
  14. Some recruiters like to arrange for interviewers with the jobseekers but fail to revert to them subsequently about suitable openings.
  15. There are cases whereby the prospective employers seek the help of multiple recruitment agencies to advertise one particular job opening. For the jobseeker, it is not ideal. Even if he sought out more recruiters, they might all offer him the same particular role.
  16. Recruiters tend to sign a non-disclosure clause stating that they will not reveal the employer’s name until the jobseeker has been shortlisted for an interview. This serves to waste the jobseeker’s time as he needs to wait for the employer to revert before he can decide whether he is interested in the role.
  17. Job hunting is seasonal, just like hunting for game in the wild. Therefore, if most employees are waiting for their year-end bonuses, a job hunt in November/December is unlikely to yield much success.
  18. Job hunting is also cyclical and dependent on the performance of the economy. For instance, during the 2008 financial crisis, banks were laying off staff instead of hiring more.
  19. For a jobseeker, he needs to highlight his achievements and to focus on the positive aspects of his experiences. Sometimes, even if he lacks the relevant skills in a particular area, it would be useful just to come across to the interviewer as having known them 
  20. Prospective employers take varying durations to respond to jobseekers’ job applications. The role that a particular jobseeker prefers might receive a delayed response from the organization. Therefore, he might already have shortlisted other companies instead and promised not to go for further interviews 
  21. Often, many employers do not have the habit of updating the jobseeker on his application status. This is very frustrating as it gives him ‘false hope’ and the heightened sense of anticipation. Waiting is an opportunity cost for the jobseeker. The jobseeker could have sought out other roles in the meantime.
  22. Prospective employers are not obliged to reply jobseekers whom they have rejected. From a jobseeker’s perspective, this is bad as they are unable to learn from mistakes or brush up on their experiences/soft skills so as to better prepare them for future interviews.
  23. Even if the prospective employer verbally offers the jobseeker a role, they can choose to reverse their decision and withdraw the offer. Therefore, jobseekers have to wait for a written offer before everything can be finalized.
  24. Even if the jobseeker has an offer in hand, the employer that selected him will usually give him up to a maximum of 3 days to revert on his decision. However, if the jobseeker is still waiting for other offers from other organizations, this will put him in a difficult position.
  25. A jobseeker will lose negotiating power over the prospective employer if he chooses to quit his current role before finding another job. He will also have to explain why the push factors persuaded him to leave his previous organization.
  26. In a nutshell, job hunting is like a long, waiting game. The jobseeker’s current work might be too draining to the point where he is reluctant to allocate enough resources for the job hunt.
  27. There are hardly any career fairs/trade shows that jobseekers can attend to improve their chances at landing a job. Career fairs are also a great way to prove jobseekers’ worth to prospective employers.
  28. Often, certificates like CFA, CPA are highly desired by employers. However, for the jobseeker, it is expensive to upkeep and fulfil the training hours of such certifications. In addition, there are very little perks/rewards for being a member of such associations.
  29. It is very difficult for jobseekers to know all the good companies in the industries that they are planning to enter. There are rarely any database of companies of a specific industry available online.
  30. Some roles out there might seem interesting to jobseekers. However, there is the possibility that these roles might be outsourced to a cheaper nation anytime. In the event of that happening, the jobseeker would be out of a job.
  31. Once the jobseeker’s current boss finds out that he has intention to leave the firm, he/she might not care much about him anymore. If he chooses to stay with the firm and not leave, it might affect the jobseeker’s appraisal at the end of the year. The boss might see him as someone who is not very committed in his desire to serve the organization.
  32. A jobseeker’s motivation levels for his current job will drop if he keeps up the active job hunt for too long. His mind will be less focussed on his current role but rather on the job hunt. This might have consequences in his year-end appraisal as well.
  33. Lucks plays a huge role in a job hunt too. If the jobseeker is hitting a purple patch, he might be discouraged during the search process.

All the best to the jobseekers out there! Keep searching and don’t give up! 🙂

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