Keep your job: A 10-point survival guide
If layoffs, restructurings, and a foggy future at work have you rattled, try to take control of the things you can. Here's how.
1. Create successes for yourself. They needn't be earthshaking. "Just getting to the gym and working out when you didn't feel like it will do," even if you have to squeeze it in at 5 a.m. says Bright. "When there's a lot of negativity around, you need to find ways to feel successful."
2. Set 30-day and 60-day goals. Share them with your boss and then, as you get closer to your targets, update him or her on that, too. "Not only will measurable progress keep you upbeat and creative," Bright notes, but in practical terms, "your boss needs to know what his department is accomplishing, so he has ammunition if someone wants to chop it in half." Gulp.
3. Watch your attitude. "A pessimistic, bleak attitude makes it hard for people to work with you," Bright says. "And why be miserable eight hours a day, anyway?"
4. Keep your network active. "People always talk about networking, but they don't do it," says Bright. "I ask my clients to give me the names of five people they want to stay in touch with, and then make a plan for how they're going to do that, whether it's lunch or just a phone call." Always bring something of value to the conversation, even if it's just a tidbit of information or the name of a useful contact.
5. Update your skills. "Take a class, read a book, keep up with trade publications," Bright says. "You always want to be up-to-the-minute informed about what's going on in your industry that could affect you."
6. Make sure your work serves the larger goals of the organization. Take on as many responsibilities as you can, "especially the tasks no one else wants, like reporting to regulators," Bright suggests. "I had a client who did this and dodged a layoff." A word of caution, however: "At some point, do teach someone else how to do the extra tasks you've taken on, or you'll never, ever get to take a vacation."
7. For now, forget about work-life balance. A major preoccupation when the economy was humming along nicely, "having time for outside interests has to go right out the window now," says Bright. "You need to concentrate on doing whatever it takes to make yourself indispensable."
8. Take a hard look at your finances. Do you have the resources to coast through a seven- or eight-month (or longer) job hunt? If not, it's time to put yourself on a budget and stick to it. "And talk to your mate about finances," urges Bright. "Many high-ranking executives don't" - and then face shock and resentment at home when money gets tight.
9. Never badmouth anyone. "If you can't be positive toward someone at work, be neutral," says Bright. "In the next reorganization, the person you were trash-talking could be your new boss, and then you're gone."
10. Remember, in the knowledge economy, you are the product. So take care of yourself. Get enough sleep, eat right, and take time to work out a few times a week. "I had one client who was so nervous about everything that was happening around him, he gained 20 pounds," says Bright. "That's not good for your health - and if you do have to get out there and market yourself, being overweight won't do wonders for your confidence, either." In this job market, if heaven forbid you're plunged into it, you'll need all the confidence you can muster.
Source: Fortune





4 comments:
Why does anyone believe any of the fraudulent financial statements? Why does anyone listen to anything KPMG or other auditors have to say? Most of the banks are bankrupt yet the financials keep rolling out, no problem. As an angry Citi investor, I have tried to piece together how I lost most of my money.
KPMG audits many of the financials with all their SIV creations which are used to off load bad loans so the losses don’t have to be recognized on the financials in an Enronesque fashion like KPMG’s client Citi (which is bankrupt).
Of course KPMG’s never ending quest for fees does not stop with fraudulent financials, it also purveyed what Mike Hamersley would describe as fraudulent corporate tax shelters (not withstanding Hamersley’s willing participation in many of them) used by most of KPMG’s big banks including Citi, like the REIT transaction which eliminated tax on real estate loans; back to back loans or rate swaps creating interest deductions; financing arrangements generating noneconomic foreign tax credits; the list goes on forever. All KPMG’s big banks used the strategies to eliminate taxes and create what Hamersley would describe as fraudulent book income (except of course for Hamersley’s own tax shelters).
Tim Flynn is a banking guy and was brought in to purportedly clean up KPMG in 05. Yet Flynn prior to his appointment as KPMG CEO was a high level KPMG audit partner before taking over for O’Kelley and had most of his clients involved in all the fraudulent accounting and questionable tax shelters (which according to Hamersley were fraudulent).
There can be no doubt about the fraud as beginning as early as 2003 many were predicting the implosion that would result from the unsustainable lending patterns of KPMG’s banking clients. In fact, most of KPMG’s banks are bankrupt, what to do?
Flynn decided to throw a bunch of tax partners having nothing to do with all KPMG’s bankrupt banks under the bus for individual shelters which were miniscule in relation to all KPMG’s failed fraudulent audits.
Flynn hired Bennett and Holmes to do his dirty work and assist with the DOJ. Flynn had Bennett and Holmes lie to the DOJ according to an email wherein Joe Loonan KPMG’s head lawyer stated that he did not know if any of the allegations were true (“freedom is just another word for nothing left to lose”). Then to seal the deal Flynn denied legal fees to the tax partners he threw under the bus to the DOJ, even Ernst and Young paid its partners legal fees. Why would Flynn do this after O’Kelley had promised to pay the legal fees?
One can only infer to hide the greater tragedy at KPMG, all of the failed fraudulent audits (not to mention after Flynn cut his deal, KPMG was awarded the audit of the DOJ). If I were a KPMGer, I would not only be extremely concerned about all the civil litigation that is coming for the fraudulent audits but the potential criminal actions that must be coming once the books are scoured (which you know they will be in the civil litigation plus the fraud is relatively easy to discern) because KPMGer’s must know by now the first thing Flynn will do is throw you under the bus and cut off legal fees.
As a decimated Citi investor I am looking for any KPMGer to come forward and tell the truth.
Angry Citi shareholder
Great post. Excellent look behind the scenes of the Big 4. Check out my site for more Big 4 info.
Thanks
http://www.big4guru.com
Stop posting this dumb KPMG shit. There are the same as the other 3 Big 4 firms.
Angry Citi Invetor, (aka Angry Citi Shareholder, Thoreau, Whistlewhat, etc.–I have to admit it is difficult to keep track of all the aliases you are using to post identical comments while appearing to be different bloggers.):
Your comments about Hamersely just don’t make any sense at all. I too am highly skeptical that your bold statements about Hamersley could be based on any reliable evidence at all. I too read Travails in Tax and personally observed Hamersley’s testimony before the Senate Finance Committee. He seems like an exceedingly honest guy to me too. Yeah, isn't it a fact that KPMG said Hamersely had absolutely no involvement or knowledge of tax shelters in its press release to the Senate Finace Committee after Hamersley testified in October 2003? I read that KPMG press release on the PBS Frontline website. http://www.pbs.org/wgbh/pages/frontline/shows/tax/interviews/release.html
See also Hamersley Senate Finance Committee Testimony 003 TNT 204-35 online at http://finance.senate.gov/hearings/testimony/2003test/102103mhtest.pdf
Are you suggesting Hamersley and KPMG are in cahoots? Wow, that would be a bold strategy seeing as Hamersley sued the crap out of them. Case No. BC 297209, Los Angeles Superior Court (June 23, 2003.), also reported in Tax Notes Today full copy of complaint 2003 TNT 124-5
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