Here’s How To Handle Getting Fired

how to handle getting fired

Over the last couple of years, the people who have been turned away from their jobs as the Kenyan economy suffers has risen exponentially.

From banks, to hospitals, to media companies and manufacturers, job losses have become the norm as companies resort to the only way to remain profitable, cutting costs and moving digital.

This has proven such a big disruption on the otherwise comfortable lives of the blue collar workers who are used to a salary each month.

Dismissal throws workers into the deep end and they struggle to cope with family and status since currently most household are being supported by a sole breadwinner. It can usually mean breaking up of family , frustration and finally depression and alcoholism or even suicides.

It is no wonder that companies are now offering to give free counselling to the workers it has laid off in a bid to help them absorb the shock.

However, you can survive this trauma with the right mind and as they say, victory loves preparation.

According to the Retirement Benefits Authority, only one in seven people are ready for retirement meaning that probably you and your circle of friends are living precariously.

In fact, true to the Njaanuary tales, Kenyans usually burn through their incomes before the end to each month. The Kenya Deposit Insurance Corporation, found out that only 3.2 per cent of Kenyans have more than Sh100,000 in their accounts.

“As at November 2017, the KDIC coverage level was at Sh268.1 Billion with 46.6 million accounts fully covered. This translates to 96.8 per cent of total number of accounts covered,” CS treasury Henry Rotich said in the recent budget proposals.

So when the news comes that you no longer have access to the glass skyscraper that has been your second home for years, with no savings you will need to think fast.

Don’t Burn Bridges

A flurry of emotions may be the first thing that flows into your head as the decision comes with surprise after much suspense and rumours as to who will face the axe. It’s not uncommon to feel anger toward the company and certain employees.

Try not to talk when angry and never bad-mouth a former employee or employer especially online which never forgets. That small sense of satisfaction from dissing a former company will ultimately be outweighed if it costs you a future job.

It may also help to maintain bonds with your former colleagues who could easily be your referees and may even help drop some openings. The employees who are nowadays clustered in WhatsApp groups will come in handy in giving support, financial advise and giving you hope although it can sometimes sound awkward.

After being fired, aim for next, not best as you try to figure out which direction to go to. A lot of the people get stuck trying to go off on some vision quest when they lose their job. Forget that. Get your next job.

Being stuck up to a career that pays as good as your last one or trying to stay in the same career can be associated with ego, you need to strip that and assume this is your first day out of college going into internship. Anything will do.

However while you are between jobs, you have time to clear your mind and plan your rebound. While you may feel that your future is uncertain, it’s important to realize that getting fired is not the end of your career.

Your lifestyle will also have to change, you must adjust it to your new realities or the bills will come up fast and drown you.

You can start mentally preparing for such a situation as Stoics suggested we take time off to practice worst-case scenarios. We should, for example, mark out a week, a year where we eat only stale bread and sleep on the kitchen floor with only one blanket, so we stop being so squeamish about being sacked or imprisoned.

But most importantly save up at least a month extra salary so that you can always have some sort of flexibility. Ideally you should save up three months of your salary at any given point, take up employment insurance and if this sums up with your exit package, then you can last over a year on an adjusted budget while you get back on your feet.

The most important thing to remember is that everyone is dispensable. Never get too comfortable on your job and always have a contingency plan.

Plus invest in your early years of employment so that you may have a fall back business which you can take full throttle or at least an idea of how to run a business, lest you risk burning all your savings and exit package on quick fix quail businesses.

Blockchain VS Supply Chain: How the Blockchain Could Impact Your Business

blockchain technology for businesses

You will probably have heard the words crypto and blockchain thrown around over the last year or so. It seems to be a craze. The latest wave of something that people are getting passionate about. Everyone chasing the dream and wanting a bite of the cryptocurrency apple.

The truth is that the crypto world is still relatively obscure to most beyond these terms. Sure, most people can tell you what Bitcoin is. But that really does sum up the average person’s knowledge. Blockchain technology for businesses is a crucial part of this largely unknown world and it is potentially going to have massive repercussions in the real world.

Here’s the lowdown on Blockchain.

  • Ledger .It serves as a ledger, recording data securely about transactions. The data is secured using cryptography. Each transaction forms a block, and each block is then added to the chain. It is the online equivalent of stringing pearls on a necklace.
  • Can’t manipulate. Like a pearl it is not possible to manipulate the contents of a block. So, with a pearl it is either a natural pearl or it isn’t, with a block you can’t alter its structure. This means the data held on each block is preserved indefinitely.
  • Orphans. As blocks increase the chain lengthens. Occasionally there will be data sets or transactions that divert off the main chain. This could be for any number of reasons but most commonly it is because they don’t fit the original criteria of the chain. These sub blocks can then form smaller chains. These are called orphans.

So hopefully, that has enlightened you about how the blockchain works. And what it would look like if it was a physical entity. It is very much like your transaction history on your bank account, all categorised into blocks and stored securely in a way that people can’t access or manipulate it.

That is the key. The power to be free from manipulation.

And, that is why businesses everywhere are likely to adopt the Blockchain or a variation of the technology to record the data they need within their supply chains. Blockchain technology for businesses will be very lucrative.

So why hasn’t it happened yet?

Well the answer is both convoluted and simple. The simplest answer though is that the Blockchain is not a very quick chain. It takes time to record the data and it takes time for each block to be added. When you take into account the sheer volume of transactions any business makes in say a day then blockchain technology for businesses becomes fraught with problems.

This is partly the reason why there have been so many questions asked of Bitcoin’s credibility. It relies on the Blockchain and the Blockchain is notoriously slow. Meaning people would rather invest in other crypto-currencies that they can exchange faster.

Blockchain technology for businesses is being refined, it is being streamlined. Currently there have been other crypto-currencies using faster variations of the Blockchain or alternate versions. It could, in theory, if fast enough, be integrated to secure the data of all financial transactions made, everywhere, all over the world. Once financial institutions put this into practice the larger businesses tend to follow and this filters down until you have small to medium enterprises all using Blockchain technology for businesses.

Will we see it happening?

As it stands, it is at the toss of a coin. Currently the technology is robust enough to function but not fast enough to function. Businesses everywhere are therefore reluctant to place this otherworldly technology at the heart of their structure.

It is more likely that the Blockchain technology will pave the way for a new type of ledger altogether. One that takes what Blockchain has done and builds on it so that businesses have a technology they can integrate with no hassle. That is where the safe money would lie.

Blockchain has done a lot of the groundwork needed to revolutionise business transactions and supply chains, it is now that the world awaits an innovative successor to take the mantle and form a new and exciting core to businesses the world over.

It will happen one day, with some form of new secure ledger, that is almost a certainty. Is it going to be blockchain for businesses? Only time will tell.