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Human Capital Obsolescence

This post’s title was inspired by an article in TechCrunch.
Go read “Silicon Valley’s Dark Secret: It’s All About Age“, including the comments, and then come back here.

I’ll wait ;-)

The author’s focus is on tech talent (particularly software programmers) in Silicon Valley but I think the lessons apply to almost anyone in an IT tech role and based in the developed world.

Note the advice he offers within points 1, 2 and 3.
I imagine these are well-known by IT Pros in their 30s and 40s, but I often wonder how many are actively planning to do anything about it before events force their hand?

By events, I mean: economic black swans such as the “Lehman shock” (as the global 2008 financial pandemonium is called here in Japan), corporate outsourcing to developing countries, and technology changes.

For me, the wake up call was reading Ashutosh Sheshabalaya’s book, “Rising Elephant”, around 2005/6. He was very clear that big changes were coming for both the US and Europe as India’s offshoring juggernaut built global momentum.

With the perspective of hindsight, here’s a very prescient interview of the author in 2004 – and remember that the debt-fueled boom of many Western nations was in full swing at that time, and minds were not alert as to what would happen when the ‘inevitable’ bust arrived.

“Author Says Offshoring ‘Real WMD’ for US”

And now that many countries are still in the economic doldrums, 2 years beyond the 2008 debacle, you can imagine the pressures to cut costs, “do more with less” mantras that are fueling corporations’ planning and decisions.

Excepting a major and ‘unexpected’ geopolitical event (e.g. resource wars…) that might derail the ‘global playing field’, the outsourcing trend (in my opinion) is likely to accelerate in the years ahead. Driven not just by skills and wage arbitrage but by technologies such as ‘telepresence’, it will be easier and cheaper to create, monitor and manage virtual office environments. (Although time differences will always suck…!)

A small ripple in this economic pool are the changes to the ex-pat population in Japan (mainly Tokyo). A lot of people have apparently ‘disappeared’, as this article in Japan-based entrepreneur Terrie Lloyd’s ezine of 24th August reveals:

“… many of those missing 4,700 people are in fact foreigners.
We are hearing repeated stories of luxury apartments going
for 50% or less of their pre-Lehman shock rentals…”

You can probably guess what’s happened to the missing – sacked, repatriated or relocated (in many cases to Singapore).

This can happen to anyone, at virtually any time.

Be prepared..

- Mark McClure


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Follow One Course Until Successful

I heard this F-O-C-U-S acronym mentioned on a free teleseminar by copywriting coach, Chris Marlow.

She’d invited her own coach, Gary Ryan Blair (The Goals Guy), to talk about his 100 days goal achieving challenge. Of course, this allows Gary to also pitch his product but I’m fine with that for two reasons:

a) Gary freely covered some good content on goals setting – enough for a student of copywriting to get and apply the basic idea to their own business / personal goals without having to buy anything. However, he also pre-sold his own program very effectively and that was a valid marketing lesson in itself!

b) Chris is sharing some of the resources she’s using to set and achieve goals. And since I’m ‘into’ copywriting, I make it a point to find out how the top people in that field are developing themselves. (Anyone can apply the same approach in a field that interests them.)

Here’s What I Got From This Call With The Goals Guy

I always aim to learn something from these calls (I listen to them on the train, when there’s not much else to do anyway), and this time I was reminded of two important ideas:

focus-tokyo-odaiba

1) F-O-C-U-S

2) A ’sense of urgency’

The practicalities of implementing a ‘Follow-One-Course-Until-Successful’ approach can be debated endlessly (hello procrastination, my old friend…!) and, in my experience, they vary from person to person.

However, let’s assume you’re committed to making a mid-career change.

That goal’s become your ‘focus’ for the next one, two, however many years you believe it will take to: a) make the change and b) achieve and savor the tangible and intangible goals that go with this new lifestyle.

Combining the ‘focus goal’ with a ’sense of urgency’ is the tension that helps keep you moving forward. Sure, that tension will not always be present and there will be times where you may be ’slacking’.

But, in the unknown time period that we call ‘our life’, inspired tension can be both your own motivator and reward generator.

That’s what I took from this teleclass.

- Mark McClure


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What is it You’re Escaping to?

Pamela Skillings’ ‘Escape from Corporate America’ blog links to a great video interview of her by Devesh Dwivedi.

I’ve posted the 22 minute video link below and recommend it to anyone still in the corporate world who’s thinking about ‘career change’ but not sure what to do next.

This is the first time I’ve encountered Devesh and I was impressed with his interviewing skills. He asked each question and then kept quiet while Pamela got on with answering it!

Some of the interview highlights that resonated with my experience were:

a) What to do? (4m 24s)

b) What is it you’re escaping to? (8m 29s)

c) Ethical moonlighting and financial implications. (10m 1s)

d) Career transition doesn’t necessarily mean being an entrepreneur (14m 0s)

e) The reality of starting a business – how are you going to solve problems in the marketplace? (16m 0s)

f) (Solo) entrepreneurs, especially in the early stages of growing a business, spend a lot of time alone. Therefore, having a support network and not becoming isolated are things to think about. (17m 0s)

Interview With Pamela Skillings from Entrepreneur In Making on Vimeo.

Career change is about taking ‘calculated risks’ but with no firm guarantees of success. That said, I think Pamela and Devesh communicated a very important message about the joys and perils of escaping from cubicle celldom:

“hope for the best but plan for the worst.”

- Mark McClure


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