Q: After 20 years of continuous employment, I've been out of work for six months. And while the economy is beginning to grow again, unemployment is barely budging. I'm very concerned about my future and having to step down to find work. While money is important, I think there's more to my anxiety than dollars and cents.
A: Taking a step down – This phrase is loaded with angst for most job seekers. Very few people want to be less successful in the future than they've been in the past, whatever their definition of success. Yet, if you ask a number of unemployed individuals what stepping down means to them, you will likely get a variety of responses. So in this circumstance, you will have to ask yourself: What does stepping down imply for you?
What Stepping Down Means to You
Is your concern about things like sending your kids to public instead of private school, or having to walk away from your house because you can't afford your mortgage? In a society where people often measure their self-worth by the number on their paychecks, a lower salary can mean a substantially reduced lifestyle, and be a devastating blow to your ego.
Would you feel less important if fewer people reported to you, or your title changed from Vice President to Director? Our culture tends to judge us by our accomplishments rather than our character. The loss of face in accepting a lesser position can be humiliating, and for some of us it's too much to bear.
Many professionals become underemployed because they take part-time positions that pay significantly less than a full-time salary. For non-exempt employees, a regular 40-hour shift instead of 50 with overtime means fewer hours with lower pay. These lost hours decrease both your income and your self-esteem, especially if it means you can no longer support yourself or her family due to a reduced income.
A reputation for mediocrity can make your job much harder, because underdogs get little respect. People who align their identities with the company they work for can experience a tremendous loss of self-worth if they don't perceive their organization to be the best.
For many years, being an employee meant job security, and a company to call home. But recent downsizing has caused many organizations to use independent contractors and temps to do jobs formally reserved for full-time workers. For job seekers, this has meant vanishing benefits, insecurity and the loss of a sense of "belonging."
Many professionals, especially older ones, who have been hit by layoffs fear that corporations are only interested in younger, less expensive workers. Unfortunately, particularly with Fortune 1000 companies, this suspicion can be well founded.
- Is it making less money, or seeing a reduction in benefits?
- Does the thought of less authority mean you're no longer a player?
- Is it working fewer hours?
- Are you concerned about moving to a company that seems inferior to your former employer?
- Is it being forced to switch from being an employee to working as an independent contractor?
- Do you feel you must resort to starting your own business because no one is going to hire you?
When a Step Down is Truly a Step Down
If you're thinking about accepting a lower-level position that also has little-to-no upside potential, it's common to think that it will:
- Undermine your self-confidence, and belief in your ability to do your job
- Decrease your salary – both now and in the future
- Give employers the impression that you're no longer capable of high-level work
- Leave you stuck you in a position that saps your energy and enthusiasm, and prevents you from looking for something better
- Set you up for repeated rejections because you're overqualified
- Make you think you aren't marketable if you struggle to even land a low-level position
To paraphrase Zig Ziglar, a famous speaker, author and self-help guru, "You are a victim of stinkin' thinkin'." Or, in psychotherapy terms, you're overwhelmed by catastrophic expectations and a negative world view. This is a debilitating state of mind that makes hunting for a new job in today's economy even more difficult.
Seeing the Glass as Half Full
When it starts feeling like your job search is being sucked down into a black hole and you're ready to give up in despair, try the following techniques to put things in perspective:
Is it 100%? 75%? 50, 20, 10? Consider both your long-term track record and current market conditions. Try to step outside your situation and look at it rationally. Potential changes often seem more unfavorable than they truly are when you're in a catastrophic mindset.
Usually confronting your demons head on goes a long way toward dispelling the hold that they have over you.
Put together a plan A, B and C. If you're ready to take action when necessary, you'll be a lot more confident in your ability to produce the best result.
- Determine the underlying reason(s) why you're so worried
- Assign a percentage for the likelihood of this negative scenario actually happening.
- Now that you've determined what the realistic possibility for what's worrying you, how do you feel?
- Finally, decide what you'll do if the worst really does come to pass.