Don't blame today work force for not being loyal. They need to protect their own interest first. In my years of working experience, I have been training staff and seeing them leave once they are ready to take on new challenges. Initially I feel frustrated, but after due consideration of our society, I am happy for them.
Hi there! I infer from your post that you work in the training / human resource field? It would be interesting to hear from the HR perspective, especially when they are usually the ones who have to break the news to the staff.
As a Gen Y, (born in the 80's y'all!) I think we are brought up with 2 core ideas about joining the workforce.
1. That we ought to pursue our dreams and aspirations (I wouldn't want to go into deep debate into this.)
2. That loyalty is for suckers these days. All that talks is money and ability to contribute. (I have seen my dad getting retrenched, despite having been with the organization all his life. My friends, technically, got retrenched at 25. Unlike my dad, who took it fairly negatively, my peers and I were so amused at our predicament!)
So I am happy to hear that a member of the training / human resource community is able to see it from the perspective you mentioned, since such behavior is in opposition to your interests as a trainer / human resource manager.
Toady the ST reports that a technician was retrenched 4 times in 10 years working in the electronics industry. Why did he stayed on in the same industry and not move on to do something else?
Well, I can only say that some people are less adventurous, more risk adverse, and are willing to settle for less. If he is willing to give other things a try, he may surprise himself. After all, we all know the electronics sector is not exactly a shining star in Singapore. Perhaps a move to hospitality, retail, property management, waste management or logistics may be wiser and more exciting, as there is clearly more growth in these sectors. I have personally jumped into a wholly different and arguably unglamorous sector and was very surprised with myself after having been in the new industry for 3 years now.
Even if he prefers to stay within the technical realm, I would not think a move into energy, facilities management or even the air-conditioner micro-sector to be too daunting. Unfortunately, some people lack the courage, others lack the connection. However, I think the attitude and drive to succeed is what will divide the mediocre and the best.
Someone also said that retrenchment isn't bad as long as one is prudent with their finance!
Every soldier goes to war with at least a loaded gun. Likewise, a war chest will come in handy to tide one through the tough times as one attempts to pick up new skills and join a new sector. Many a time, I always hear of people complaining at how they would be in a mess the moment they lose their jobs. My first question is, what is your savings rate? Surely, you cannot be earning $1 to spend a $1.
Sure, we all have to take some risks in life. A roof over the head is usually a 30-year liability, and no one can be sure what will happen over the 30 years. However, if you find yourself practically spending almost everything you are earning, you would be in serious trouble.
A small war chest to ensure that your liabilities are covered for at least the next 6 months is very sensible - 6 months will provide one with sufficient time to find a new job, develop new skills, build new relationships. Scale down your expenditure a little, and you may even find yourself surviving well into the 9th month.
When we say all these, we need to be in their shoes to better understand the situation. If you don't have job security and need one badly, chances are you don't have that bargaining power but to accept whatever that come by. Don't even think or consider planning because you are not in control.
The trick is to enhance your bargaining power via lifelong learning and a strong network. I am typically quite puzzled by the call for job security. I think the drive for job security leads people to do the exact opposite of what I mentioned in my previous sentence. To obtain job security, people tends to focus solely on their jobs, achieving depth, but little breadth. They tend to move within the same circle, and in an extreme case, deliberately entrench themselves to make themselves "indispensable".
My personal philosophy is to make myself obsolete as quickly as possible. Spend the first 1/3 of your job learning and perfecting your role. Learn what adds value, learn what doesn't. Spend the next 1/3 of your job doing, not only the perfect job, but also learn about the next role, be it an upstream role, or an adjacent role. Learn to see from your boss's perspective. What do they see, what do they want? You would be amazed at how different the superior and his subordinate may think of the same situation. Spend the last 1/3 of your job grooming a successor, because someone has to take over your role before you can move on. Through the last 1/3, you would learn more about mentoring, teaching, coaching and grooming. These skills are important as you move on to your next role.