Showing posts with label management jobs in banking. Show all posts
Showing posts with label management jobs in banking. Show all posts

Friday, 3 August 2012

Redundancy or Release


Redundancy - or Release?



In these economically uncertain times there is increasing talk about ‘redundancy’. It is a word that sends shivers of fear down the spine of many people today, but what does it really mean?



According to the dictionary, ‘redundant ‘ means “superfluous, no longer needed”. In the thesaurus, similar words are “surplus, unnecessary, unwanted”. Who wants to feel they are any of these? The word ‘redundant’ does not have positive connotations. However, truth be told, it is not the person that is redundant, it is the job – you just happen to be filling it!



If viewed positively, it could be the best thing that ever happened to you, after all ”every cloud has a silver lining” or so they say.



I think the process should be called ‘release’. This may bring to mind being released from prison, but I am sure that many of us have, at some time, felt as if our jobs imprison us and stop us doing what we would truly love to do with our lives.



So redundancy can give life to dreams and ambitions that have been buried under layers of habit, fear and procrastination for years. Redundancy is one of the biggest fears as it takes away security, regular income, status and identity. But it gives a lot as well – the opportunity to take stock and redesign your life.



Have you ever asked yourself what success means to you?





Anthony Robbins defines success in the following terms:

“Success is doing what you want, when you want, where you want, with whom you want, as much as you want”



Your definition will be as individual as you are, but I suspect that as well as a certain amount of money and security there will be a thought as to the way the money and security is gained. Few people have the opportunity to achieve success in their chosen field of endeavour because obligations of family and home take priority over an authentic life. If you are facing the threat of redundancy, or have recently experienced it then you have the perfect opportunity to reconsider your whole future and change the outcome.



It is often the case that we won’t jump voluntarily but wait until pushed. As a child I was taught to dive. It terrified me, mostly, I think, because I have an irrational fear of being upside-down. So I would stand on the side of the pool, perfectly poised to dive but not actually taking the plunge. I knew what to do but didn’t dare do it. Instead I waited until someone came along and pushed me because they couldn’t stand it any longer. Think of redundancy as the Universe giving you that push to lead a more authentic life.



Many of us suffer a sense of disappointment our whole life, not because we don’t have love and fun in our lives but because we aren’t brave enough to make changes and admit what we would truly love to do, in case it upsets the status quo. Many who have faced redundancy have the feeling that they have somehow failed, even though it is not their fault and they have done nothing wrong. Indeed they may have been the model employee.



Many who do not experience redundancy would love the opportunity to make the change and move out of jobs they hate, but are terrified to risk change despite the damage it is doing to their self esteem and inner happiness. On the outside you may appear a success but only you will know how successful you really feel.



In many cases redundancy is firmly in our panic zone and is to be avoided at all costs, but when it happens, what can be done? Firstly know that you have not failed, the universe is forcing you to take hold of a new opportunity, giving you the chance to rethink and redesign your future. It has been said that the worst thing in life isn’t failing, it’s never having tried.



A coach can guide you to a place where you can access your own inner wisdom and take charge of your future. It may be an unfamiliar feeling to have choices as to the direction you might like to take and how you would like your future to be. How fortunate you are to have this ‘problem’. It usually comes with a cash cushion to enable you to take a little time to consider your options or to simplify your life by paying off mortgage or loan. Not many have this golden time for reflection – embrace it.



Many people say they feel they have let down their family – especially their children. I have news for you – staying in a job you hate just for them is letting them down far more. Children admire parents who have the courage to make the change – they are the inspiring ones who dare to go after their dreams. By doing so they give their children permission to do the same. I wonder how many parents have told their children to find a job that makes them happy, while staying in a job they clearly hate? Children know when you aren’t walking the talk – you owe it to them. My son often tells people that he finds me the most inspiring person he knows – because I had the courage to quit a well paid job and pursue my dreams. He is now doing the same!



Ask yourself what your ideal day would be – where would you live?

 Who would you spend time with?

 What would you do with your day?

What would you eat?

 What would you wear?

Write it out in minute detail – really feel it, get passionate about it. If there is no passion, think again. Keep playing with the idea until your true desires surface – maybe kicking and screaming at the unaccustomed daylight (they have been hiding in the darkest recesses for many years, possibly your whole life) and feel the passion they unleash.



Now take each aspect of the dream and find out exactly what it is that holds the appeal for you – what makes you want it? Then ask what you need to do, or know to make it happen. Do you need to learn new skills? Taking on the services of a coach can make the process a

lot quicker and less frightening. You will be guided at your pace and will work entirely to your agenda. The coach is non-judgemental and gives you space to explore who you really are and what you really want by asking incisive questions.



Once you have some ideas you then need to make a plan of the order in which actions need to be taken. Find out about courses, ask about financial support and advice, talk to family and friends openly and honestly about the situation. To be on your side they need to know the reality of the situation – it isn’t anything to be ashamed of. It is an opportunity to celebrate – you are very fortunate.



Once you have a plan then you must take action. This is another area where a coach can be an enormous benefit. A coach will help you explore the possible barriers to action so you can work to remove them and then a coach will hold you accountable for the actions you have decided to take. You will have to explore deeply the reasons for not taking action – this often spurs people on to do what they say – so much easier!



SO, redundancy is a good thing – if you decide it is. I think there should be a new definition of the word which should be “ a golden opportunity to redesign your life and achieve your authentic goals and ambitions”. It’s much easier to do this with the support that redundancy offers than it is without it. So smile, be grateful for the shove that the Universe has given you and go get your dream life – it’s got your name on and it’s waiting for you to claim it as your own. Have a great future!

For more information go to www.freepersonalrebrandingbook.co.uk
www.successandimagecoach.co.uk
www.suecourtney.com

Monday, 16 July 2012

Ladies, If you want to climb the corporate ladder then DON’T work for a bank (or the law)


I was staggered to read in my copy of the ILM magazine, that although 55% of the workforce in the financial sector are women (higher than the UK average of 49%), this not reflected at senior levels. Along with the legal profession, banking allows few women to rise to the top.

Why is this?

One reason, cited by 72% of respondents to the ILM research was the attitude of senior managers. Many women also felt that the role could be incompatible with family life as, in reality, there are few genuine opportunities for  flexible working.

70% of women felt that having a high proportion of men in senior roles inhibited their career progress as it appears that they recruit “in their own image”. 

There is more.

In the ILM survey, only 22% of all respondents (both male and female) believed that banking was a meritocracy, while nearly half (48%) believed promotion to be more likely if you know the ‘right’ people and  mix in the ‘right’ circles than if you possess an outstanding ability to do the job.

It was widely considered that there is a lack of female role models at the top of the industry, especially those who displayed a healthy work-life balance and weren’t perceived to have ‘given up everything’ to get to the top.

However, the idea of a quota system to ensure more women were promoted to the top was unpopular with all. It is also widely held that having a stronger female presence at board level would be beneficial to the industry.

Does this sound familiar?

So what can be done?

Well, a shift in culture towards rewarding results would create a more even playing field. More flexible working arrangements were a popular option with both men and women. They do exist already, but most feel that taking advantage of the provision would adversely affect their promotion prospects, so it is not widely used.

Identifying specific stages in the career ladder where women tend to drop out of management would lead to research on measures to remedy the situation. Returning to work after maternity leave is one such ‘choke point’. It isn’t that women want preferential treatment, just an equal opportunity, and in a talent-driven organisation this would be available.

Now, many of these solutions may be beyond the power of the individual to implement. And I do accept that women don’t always present as confident and assured an image of their management capabilities as men.

But this can be easily remedied with coaching, mentoring and styling.

I have developed my unique 3 Step MAP System to address this very issue and enable you to move up the career ladder, as far as you wish, with confidence and style.

For more information please email me at sue@successandimagecoach.co.uk

Or check out my website at www.successandimagecoach.co.uk

For your FREE copy of my book “The Ultimate Guide to Personal Rebranding for Professional Women Climbing the Corporate Ladder” please go to www.freepersonalrebrandingbook.co.uk

Copyright © 2012, Sue Courtney – Success & Image Ltd. All rights reserved.