The FT today has made an attempt to highlight the key issues with public sector middle level managers who are facing the threat of job losses. It is inevitable that the job losses will be more than 600,000 as for every public sector worker in the UK, there is at least one more in the private sector whose role is dependant on the activities of the public sector.

The issue is which segment i.e. what roles in the public sector are at maximum risk of redundancy. The risk being made redundant by the public sector and not possessing the skill sets to enter the private sector. Over the last 20 years, amongst students and aspirants of high growth careers, there has been a major focus on skills such as business administration, management etc – commonly referred to as “Generalists”. Times have definitely changed; it is clear from the latest analysis of various recruitment consultants that it is this “Generalist” segment that will receive the brunt of job losses. It is now an era of “specialist skills”

Recruitment consultants have predominantly two sets of views. Some feel that employees of public sector have lost the ability to re-adjust and are stereotyped as poorly motivated clock-watchers. The others feel that it is actually all about the mindset of the public sector employees. Most of them are sitting in the hope of receiving payouts and not moving out spontaneously to a good opportunity they may be able to find.

The million dollar question – what skill sets from the public sector are transferable to the private sector? – Very difficult question to answer, almost like gazing at a crystal ball. However, the ones that seem obvious are IT specialists, accountants and engineers.

Again there are several schools of thought on how to assist the public sector employees who will be impacted. These ranges from having government sponsored programmes that will assist employees learn new skills to transitional help which will help people to cope with multi-dimensional organisations whose structure is different from the singularly focussed, familiar and structured environments that the public sector typically offers.

Some wise man once said the best help is “Self help”. It is time people take responsibilities for their lives; accept that future is a place where things will change more than ever and faster. What is self help then… get re-skilled and get adequate protection to look after yourself i.e. Income protection insurance (I would say that wouldn’t I – but you cannot dismiss it either as it is a sensible point). There is a wide range of products that is available from mortgage protection, income protection, redundancy and unemployment insurance to simple loan protection or credit card protection insurance. Again as part of self help – do not buy blindly based on advice of your friends… shop around, speak to advisors. At Best Insurance, we are even happy to call you back for our no-obligation free advice… so why not take advantage of these. Compare the cover, read the policies and key facts summaries.

Lastly, a thought for the weekend – pick any four or five success people around you and analyse their traits – a common one would be …successful people never leave anything to chance… so why should you?

 

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