Do you believe in the importance of insurance? Do
you have insurance for your health, auto, home and life? The answer
is probably “Yes.” People purchase insurance so that they
are protected in case there is a sudden, or unexpected catastrophe.
When is the best time to buy insurance? Usually before the catastrophe
occurs.
Now, let’s switch gears. Do you have “career
insurance?” Have you done something to protect your career in
the event that the unexpected catastrophe occurs? In other words, what
is going to happen if you are one of the ones that gets “fired,”
“laid off,” or becomes “unemployed”
I hate to be the bearer of bad news but corporate
lay-offs and firings are a fact of life in corporate America. Similar
to what happened in the mid - 90’s when we went through significant
downsizings, I’m getting lots of letters, e-mails, and resumes
from people who have either lost their jobs, or realize that their current
positions are tenuous. Unless you’ve got a really great “Golden
Parachute,” you need to have some career insurance.
Frankly, having talked to audiences around the country,
I am surprised at how few people recognized that there is a.) a distinct
possibility that their job is at risk, and b.) a need to be continually
“purchasing” career insurance so that you have options and
alternatives.
If you are interested in purchasing some career insurance,
the first thing you need to do is to expand your network of personal
and professional contacts. How do you do that? For starters, pick two
worthwhile business organizations, one that is industry specific, and
the other that is a general business organization, join those organizations
and then show up and get involved.
Let me share some interesting observations with you.
I am on the Boards of several national Transportation and Logistics
organizations and I’m active in several other national industry
groups so I have some good information about how many members each organization
has. It’s an amazingly depressing number. If you were to add up
all of the members belonging to groups such as NIT League, NASSTRAC,
CLM, WERC, TIA, TCPC, ATA, (to name just a few), and throw in the members
of industry specific groups, on the generous side, you’ll find
that you have less than 15% of the professionals in our industry who
belong to at least one of the professional trade associations. And if
you then looked at the number of individuals who actually show up and
get involved, the number drops to under 5%.
Here is my point: A whole bunch of people are ignoring
the importance of developing a network of contemporaries and associates
that they plug in to for help when the unexpected occurs.
The second thing you can do to insure your career is to make an active
commitment to learning and enhancing your professional capabilities.
When I talk to educators and people in logistics organizations that
run educational programs, the numbers are sobering. Years ago, a dear
friend, Dr. Bud LaLonde made an observation that if you weren’t
investing at least 200 hours per year in continuing education activities,
you’d run the risk of being obsolete in three to five years. So
if you’re interested in insuring your career, make a commitment
to continuing education.
Before going any further, let me take a step back
and answer the objections I commonly hear when I give speeches on this
topic. At the top of the list is: “I don’t have time to
network or invest in continuing education activities.” Every time
I hear this, I smile and think, “Neither do I, but I still do
it,” because I need to purchase some career insurance. If you
conclude that you can’t afford it, here is a sobering question:
How important is your career?
For the “time challenged,” let me offer
a simple fact. We all have the same amount of time: 24 hours in a day!
The issue isn’t time; it’s priorities! We typically spend
time on that which is important to us. I’ve met people who have
told me they don’t have any time for educational pursuits in their
career, yet they can tell me all about the last episode of Survivor
and what’s happened with their favorite sport teams. Like I said:
We spend our time on what is important to us.
A little over one year ago, I received a call from
a very nice person, and former customer who had recently lost his job
as the Director of Logistics for a good-sized company. Over lunch, he
explained what had happened. I learned that his termination caught him
by surprise. He had received very good evaluations and thought he was
doing a great job for the company. But now here he was, a man in his
mid-fifties, on the street looking for a job with very few prospects.
When I asked him about his network, he told me he
belonged to one professional association, but he hadn’t attended
a single event for this association in several years. So now, in his
moment of need, his network was basically carrier sales reps and former
suppliers. He told me with a sense of regret that, “I was always
too busy to invest in and protect my own career. I should have taken
the time to invest in myself.” In other words, he was saying:
“I should have bought some career insurance!”
So here is some advice for all you hard working types who are committed
to giving your company 110% - even if it means leaving no time for your
pursuit of career insurance. You’re taking a very big risk!
The typical company will take as much as you want
to give – and more. And if there comes a day when your “ticket
gets punched,” they may say nice things and give you a wonderful
severance package with a spiffy watch. But one thing they can’t
do is buy you insurance for your career. You’re the only one that
can make that purchase.
So start looking forward to the future. Get some
career insurance!
