Workplace Doctor: Next move on career path after quitting because of unbearable boss


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I decided to quit my job because I can’t deal with the evil psychopath any more [the reader previously wrote in complaining about a psychopath boss]. I feel like a complete failure for wanting to step down and walk away. I know it is not my fault but I am still keeping my head down in shame; it’s such a terrible feeling. I feel like the problem is in me – I always get horrible bosses. Am I doing the right thing to quit? TJ, Ajman

It certainly sounds like you are in a quagmire of mixed emotions regarding a job that I can only assume you like performing, yet are ready to leave due to a leadership style that is unacceptable to you. Guess what? You are not alone.

I firstly would encourage you to stop beating yourself up. Pain is nature’s way to tell us to stop or do less of what brings the pain, so the fact that you have come to a point of drawing a line and eradicating the pain seems positive to me. Ask yourself what criteria was the basis for drawing the line, and if that is something you place importance on, then the decision seems aligned and “of service”. Congratulations for taking that choice.

I trust that ridding yourself of one pain is not for the simple fact to replace it with another. Let’s face it – you love your job when it’s in an environment that is acceptable. When a work environment is unacceptable, I believe that by default it means that job is also unacceptable, which therefore should bring some clarity for your future job hunting that takes into account tasks and environmental factors. Did you prioritise both in your last job search process?

Many people say that it’s a tough thing to understand a work environment and/or leadership style until you actually get inside the company. I would agree, yet only to a point. Ask yourself the following:

• Did you meet your direct report during the interview? If not, that speaks volumes as a working relationship is just that – a relationship, and there’s many who we wouldn’t opt to have a relationship with.

• Did you interview your direct report as much as he or she interviewed you? Take the standard question: think of a time when something didn’t go well – what was it and how did you handle it? Find a way to also explore that from his leadership. You’ll not only hear more about priorities, but also see a reaction to that question. Did you probe for more information during the interview? For example if interviewing for a training position, did you see how much they wished to be involved with key content? If interviewing for a marketing position, what is their involvement level in new marketing campaigns?

• Did you undertake ample investigation before accepting an offer? LinkedIn is an amazing tool for information. Locate folk who may have or currently work with the company. View trends of length of service, and dig deep to see if you know any of their connections. This way you may be able to get to ask a current employee for real honest answers about the work environment. And don’t forget to view the leader’s profile too.

Let’s not forget these for the next job.

One further point for you to ponder – a little from the alternative side. When we hurt in the presence of someone else, always explore what could be within yourself that they represent or bring out in you. If we don’t like it in others, we certainly don’t want it hanging around in ourselves.

Doctor’s prescription

The definition of insanity is doing the same thing and expecting different results.

Debbie Nicol, the managing director of Dubai-based business en motion, is a consultant on leadership and organisational development, strategic change and corporate culture. Email her at debbie.nicol@businessenmotion.com for the Workplace Doctor’s advice on your challenges, whether as an employee, a manager or a colleague

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Profile

Company: Justmop.com

Date started: December 2015

Founders: Kerem Kuyucu and Cagatay Ozcan

Sector: Technology and home services

Based: Jumeirah Lake Towers, Dubai

Size: 55 employees and 100,000 cleaning requests a month

Funding:  The company’s investors include Collective Spark, Faith Capital Holding, Oak Capital, VentureFriends, and 500 Startups.