The Training Option Beats the Stock Option
Living in the heart of silicon valley, I have seen the rise and fall of the dot-coms firsthand.Living in the heart of silicon valley, I have seen the rise and fall of the dot-coms firsthand. In their heyday, the job market was an employees fantasy come trueopportunities included positions with everything from startups to companies that were long-standing icons of the computer industry. People were taking the best offers, and stock options were almost a must when companies were courting new employees. With people blinded by the get-rich-quick hopes of landing a job with a pre-IPO startup, jobs with stable companies were being turned down or left because they could not match dot-com salaries coupled with the chance of profiting from high-earning stocks. But while some were milling around stock boards all day and dreaming of the type of house or car they would be purchasing, others were getting company-paid training in the latest technologies. They were the smart ones.
Now you can see dot-commers at pink-slip parties across the country, whining about how many companies have closed and the limited job availability. The reality is that a ton of jobs are still available in stable, growing companies, but the question is, what are you qualified for? While you are driving that soon-to-be-repossessed BMW and sipping that Starbucks latte, you might want to consider putting down the latest stock report and cracking open some books so you can update your skills to get a good job.