Advertise Here
Icon

Directory

IconActuaries
IconAssociations & Institutes
IconAuditors
IconBBBEE Consulting and Verification Agencies
IconBenefit Administrators & Investment Managers
IconBusiness Chambers
IconBusiness Process Management
IconBusiness Process Outsourcing
IconCompliance
IconConsumer Protection
IconCorporate Governance
IconCredit Bureaus
IconDebit Order Collection Facilities
IconEducation and Training
IconFAIS
IconHuman Resources
IconInformation Technology and Software Partners
IconLegal
IconOmbud
IconPension Fund Trustee Liability Insurance
IconPension Fund Trustee Training
IconPension Funds Adjudicator
IconPolicy Administration
IconPolicy Trading
IconPublications
IconRegulatory Authorities
IconRetirement Funds registered by the FSB
IconRetirement Products
IconSocial Grants (Government)
IconSurveys and Research
IconTraining Courses & Workshops
IconTrust Establishment & Management
IconWellness Programs
Image
  Subscribe To »

WEATHER THE STORM OF RETRENCHMENT BY RESKILLING

Published

2020

Wed

29

Apr

When my husband was told he was being retrenched thanks to the economic effects of COVID-19, it was a call we were expecting but it was still a shock. Gosh, I thought to myself. What do we do now? My husband had just been retrenched, albeit temporarily under the COVID-19 Temporary Employer-Employee Relief Scheme but just like our lockdown extension, it could easily get extended.

 

We sat down that night and prepped ourselves for a difficult conversation on our plan of action. With many people experiencing the same situation, this is some of the thinking that is influencing us:

 

The last few years we have seen a language develop in businesses. A new narrative. A seed was planted as the first surge of the fourth industrial revolution trends began to set in. It was a discussion about reskilling ourselves to prepare for the future. Many futurists, who have been talking about this for the past five years, did not predict COVID-19. Everyone was focused on either the machines coming for our jobs or the impact global warming would have on business. But regardless of whether it’s machines taking over, or a global pandemic that has ravaged our economies and left many without work, the message remains relevant.

 

Peter Drucker puts it beautifully: “The only skill that will be important in the 21st century is the skill of learning new skills. Everything else will become obsolete over time.”

 

In other words, reskilling.

 

For a long time we have thought in terms of degrees, certificates, MBAs, assessments, and so on. All of which are important, but we have forgotten the idea of skills or rather, knowledge applied. And the wonderful thing about reprograming yourself to think in terms of skill sets is that more opportunity exists for you.

 

Case in point. Many years ago, my husband worked in the entertainment industry as a DJ and MC. Those are technical skills, but when we drilled down, we realised what that really gave him was an ability to connect with others, to entertain, and the confidence to speak to strangers among many others. These came in handy when he decided to shift directions in life. He ended up working as a “ground handler” for a tourism company – a taxi driver who drives tourists from the airport to the Kruger National Park and back. But to do that, he called on the skills he had as an MC, and also had to reskill himself. He had to learn how to drive a minibus, perform basic first aid in the case of emergency and improve his South African general knowledge. But it did provide him a way to leapfrog from one industry to another, without much effort.

 

Financial well-being is not only about the financial – it is also about building resilience. This is the process we are following to set out a plan to weather the storm we are facing:

 

Step 1: Skilling: What skills do you currently have? It doesn’t matter what they are; spend some time thinking and listing them. What can you do?

 

Step 2: Upskilling: Take the list of things you can do and spend some time researching which of those could have a longer shelf life after the crises. Of these skills, which of them could you possibly spend time honing and refining? Can you take it from completing routine technical tasks requiring basic skills with general supervision or guidance to mastering the skill from broad to complex and specialised?

 

Step 3: Reskilling: Think about what industries would you like to work in which hold the test of time? Where do you see yourself and what do you see yourself doing? Now, what do you need to do to get yourself there from a skill and knowledge perspective? What is one small step you can take today to move you closer to achieving that goal?

 

Step 4: Breathe. You are not alone in this – a lot of people are in the same situation. There is no need to feel ashamed – the pandemic is beyond anyone’s control. Reach out, search for knowledge, ask for help, take small steps, and before you know it, things will be different.

 

A parting thought from Brené Brown, one of the most inspiring and relevant researchers right now on the importance of courage and vulnerability: “You have what it takes to survive the cringey awkward moments. Knowing that we have the strength to survive those moments and come out on the other side with new information, new ideas, new habits, new skills, that is how we get braver with our lives and with our hearts.”

 

 
Source: ALEXANDER FORBES
 
« Back to previous page Print this page » |
 

Breaking News »

POPI BREACH COULD MEAN FINES OF UP TO R10 MILLION AND A 10-YEAR JAIL SENTENCE

Where to start for SA businesses?   09 July 2020: Parts of the long-awaited Protection of Personal Information Act 4 of 2013 came into force on 1 July 2020, and companies will have a period of one year ...
Read More »

  

POPI ACT IS NOW IN FORCE

FIVE STEPS TO ENSURE POPI COMPLIANCE FOR DIRECT MARKETING   07 July 2020: The Protection of Personal Information Act 4 of 2013 (POPI) has now come into effect and it is important that South Africa businesses ...
Read More »

  

POPI ACT - IMPLICATIONS FOR VARIOUS BUSINESS AREAS

02 July 2020: The long-awaited Protection of Personal Information Act 4 of 2013 comes into force on Wednesday 1 July 2020, and companies will have a period of one year to get their ducks in a row or risk substantial ...
Read More »

  

Lloyd’s presents solutions for global industry and government partnerships

Lloyd’s presents solutions for global industry and government partnerships to fast-track societal and economic COVID-19 recovery Open-source frameworks provide blueprint for better protecting society ...
Read More »

 

More News »

Image

Healthcare »

Image

Investment »

Image

Life »

Image

Short-term »

Advertise Here
Image
Image
Advertise Here

From The Glossary »

Icon

Management Company:

Responsible for the operation of unit trusts.
More Definitions »

 

Advertise

 

eZine

 

Contact IG

 

Media Pack

 

RSS Feeds

By using this website you agree to the Terms of Use.
Copyright © Insurance Gateway (Pty) Ltd 2004 - 2020. All Rights Reserved.