We work with thousands of senior IT contractors. They have incorporated a contracting business and have been participating in the gig economy for years. As the economy gets challenging and contracts get halted, we've seen an increase in these professionals deciding that they'd prefer the lower-risk position of a permanent employee. They start seeking out these jobs and, because of their high qualifications, many companies are thrilled to have the opportunity to scoop up such talent. On the contrary, it's common in economic downturns to see IT professionals who are typically more comfortable as an employee embrace the IT contracting side of things, and start to pick up these contract opportunities.
For some of these people, the change is perfect. Whether it's the individual who gave up contracting or embraced it, the economic uncertainty forced them to review their career paths and do something they needed to do long ago. But that's not everyone! If you're considering this type of career change, you need to first ask yourself if you're reacting too quickly with a knee-jerk decision that, although is a short-term solution, will have negative consequences down the road.
What happens when the economy starts picking up and operating at healthy levels again (and it will!)? If we consider the long-time contractor who transitioned to becoming a senior employee, are they going to want to get back into the game and leave the company high and dry, shortly after it invested significant time and money into that professional? Or, is that new-found contractor going to take the first secure permanent job opportunity they can, breaking whatever contract it is that they're working on? In both of these cases, the results are angry companies, bad references and tarnished reputations for the IT professional.
We're certainly not saying that IT professionals should remain without income and pass up opportunities. When you find yourself out of work, of course the best thing to do is to get back into the game. And when the economy is going through a rough patch, you have to take the jobs that are available. What you do need to ask yourself is whether or not you're making a decision based on an immediate, emotional reaction without taking time to think it through -- a knee-jerk decision.
The above is just one example of reacting to a situation without enough thought. Something goes wrong and we need to stop the bleeding so we implement a solution as soon as possible, without much analysis. The problem is, that quick a reaction opens up another problem which leads to another knee-jerk reaction and the vicious circle continues. It's a common shortfall in management and leadership, with plenty of literature on that topic, and we also see it with many job seekers.
Suddenly quitting because a contract isn't going your way, severing ties and burning bridges with recruiters because of one bad experience, or even picking up and moving the family to an entirely new city are all other overreactions that happen more often than we'd like to see. Next time you find yourself in a brutal situation where you are making decisions that you might regret down the road, consider some of these tips:
Take Time: When it comes to your career, very few (if any) decisions need to be made within hours. Often you even have a few days. Don't let anyone tell you otherwise. Before making any rash decisions, sleep on it and talk it through with others.
Understand Your Emotions: It's important to know yourself and what kinds of triggers in your life might spark which emotions. From there, dealing with the emotions and understanding why you're feeling them will help to put you in a more rational state-of-mind.
Don't Judge the People: Too often we make decisions based on the other people involved. We have a preconceived judgement of that individual's character and assume that their behaviour is malicious. The resulting reaction is unnecessary and out-of-place.
Ensure You Have the Facts: Taking time, understanding emotions and keeping feelings towards people out of the way are all steps you can take to gather the facts from experts and view the big picture.
Avoid the Herd Mentality: Related to gathering the facts, often we see people make bad decisions quickly simply because everyone else is doing it. They're not always right.
Set Goals as a Guide: Great leaders look to their company's mission and values before making important decisions to ensure their being guided by the right principals. Set goals today and know what you want. Then, when it comes to making that quick decision, you can look back on your original goals and ensure you're following your guiding light.
There is a definite balance between making a quick decision and taking too long to make decisions. While some situations need faster action than others, always ensure you're going through a rational decision-making process, especially when it comes to your career.