Personal Note

 

Hi friends of The omniGens blog,

Over the past few years, there are many major changes across the global economy. Many are affected by the 2008 global financial crisis (alternatively known as Great Recession) and major financial institutional bailouts. There is endless announcement of retrenchment and organization restructuring. Beside these events, we are now facing a global outbreak of the H1N1 flu pandemic [1]

Many employees were retrenched or have pay cut.Even experienced skilled workers are affected by this recession. What about people with little or no working experience? Well, there’s always some very lucky ones. Some may discover their true passion and make a better living out of their hobbies.

Most Generation Y graduates, under graduates and non graduates faces the bleak career prospect upon graduation. While there is retrenchment across various age groups, some Generation Y seemed more affected by this financial tsunami.

Unlike previous economic recession like Asia financial crises [2] and the dot-com bubble burst [3], almost all business sectors and professions across the whole global economy are affected . (I do agree some specific industries, companies, corporations and individuals are doing quite well. At least, they are recovering from the financial recession.)

Businesses

• Multinationals (MNC)

• Small and Medium Enterprises (SME)

• Small And Medium Business (SMB)

• Social Enterprise and others.

Profession [4]

• Professionals, Managers, Executives and Technicians (PMETs)

• Professionals, Managers, Executives and Businessmen (PMEBs)

• Freelancers

• Entrepreneur

• Techno entrepreneur

• Social entrepreneur

• Contract workers

• Contractors and others.

Before the start of financial tsunami, Generation Y seemed to have bright career prospect. There is a lot of media coverage on Generation Y, such as their potential spending power and contribution to the workforce.  Now, things have changed against Generation Y flavor.

Though the global economy will eventually recover, the end is still not at sight yet. During this difficult time, we can spread the spirit of kindness by supporting one another.

The purpose of omniGens blog is to encourage all age groups to work together to improve quality of our lives. The omniGens blog aims to be a place to share our knowledge, expertise and resources to develop our lives holistically.

The area of development focused on the five main aspects of our lives:

• Community

• Work

• Leisure

• Family

• Personal development

This may includes matters like methods, technologies, innovation and professional social support communities that cater to specific age group, general age group and profession groups.

The success of omniGens blog depends on your proactive contribution.

Thank you and Have a nice day!

Best Regards,

James Ang

http://omnigens.wordpress.com/

 

About The omniGens Blog’s main blogging topics

James Ang is a  Generation Y professional blogger  (or Gen Y Problogger for short) who blogs mainly on innovation, peer learning, personal development and well beings.

 

References

1. Wiki – Wikipedia on 2009 flu pandemic  – Information related to the global outbreak H1n1 flu pandemic – http://en.wikipedia.org/wiki/2009_flu_pandemic

2. Wiki – Wikipedia on 1997 Asian Financial Crisis – Information related to 1997 Asian Financial Crisis  – http://en.wikipedia.org/wiki/Asia_economic_crisis

3. Wiki – Answers.com on Dot-com bubble– Information related to Dot-com bubble – http://www.answers.com/dot-com%20bubble

4. Business and Finance News Portal – CNNMoney.com on Faces of the recession (Photographs) by Antonin Kratochvil/VII – A photo gallery showing the effects of recession across different professions and age group – http://money.cnn.com/maga zines/fortune/newjobless/2009/slideshow/index.html

 

 

Copyright 2009 James Ang, omnigens.wordpress.com. All rights reserved.