I recently received an email from a friend of mine telling me he was retrenched and asking me if there are job opportunities in US. I gave him a chicago job website and did not probe further but I presume it is due to the global economic downturn.
He has children and I thought it must be hard on him, so I asked if he has enough savings and he told me that he has enough. Thank God that he is prepared.
All of us in the capitalistic world operate within the economic framework and are not buffered from the effects of any recession. In difficult times, jobs are hard to keep and people fall into hardship. There is nothing an individual can do to to prevent it but he can be prepared for it.
Saving for the rainy day is a good virtue and it may be wise in good times to put aside a percentage of our income for savings. It will be good to save up enough cash to last for at least a year or more of unemployment. Six months may not even be enough. Finding a new job may take more than six months and then what happens?
Being aware of your transferable skill sets helps. For example, organisational skills, interpersonal skills, numeric skills etc. This is important especially when you are crossing to a new job domain. When times are good, try applying for new jobs, if not to get the job, at least get some interview experience and you will be able to gain an insight of what kind of other jobs you are able to handle.
Often times, being retrenched may mean that you will have to go back to school again, just to get the skillsets that are relevant. That means also saving enough money to retrain when the times are good.
I think the most important asset to an individual is to keep an open mind and be able to unlearn and relearn. Carrying that attitude will enable you to go a long way.
We should take retrenchment as a form of character training from God if we have not sinned against Him. Maybe God is trying to steer us to another direction in life or He is trying to focus our attention to other things.
Matthew 10:30
And even the very hairs of your head are all numbered. – niv
If even our hairs are numbered, how much more it is that due to chance that we are retrenched. The point is that things will eventually work out for the good because God is good and He is only training us now. Christians, tune your ears to God’s fine prompting.