Tuesday, December 16, 2008

Christmas after the crunch

When employers are faced with budget concerns, especially at this time of the year, expect that Christmas giveaways and expenses will be cut.

When the financial crisis hit the global economy, ancillary expenses like free soda, milk chocolate and other pantry freebies are the first to go. It happened to us. But we can live without those free amenities. I’d rather see the free soda go than find myself jobless.

Amidst the corporate penny-pinching left and right, the outsourcing industry continues to thrive. Surely, there are certain accounts that were lost (not ours) as a result of the bankruptcy of major American financial institutions but there are industries that continue to thrive despite the financial crisis.

According to a ranking done by a career website called Jobfox.com, a career in sales, nursing and accounting are considered recession-proof jobs. In the same fashion, the healthcare sector and other industries that support their business are considered recession-proof as well.

Now, what do you do if your job is not recession-proof? Keeping oneself ahead of the pack in terms of skills would certainly give one an edge over the others. But also, it is important not be complacent about the situation either. Learn a new skill and always be in touch with your network for possible opportunities.

2 comments:

Panaderos said...

Your last paragraph said it best. To reduce the chances of losing one's job during a recession, one has to keep abreast of the latest developments in one's field and the individual also has to make sure that his/her skills remain relevant.

If I may also add, an individual should also document all of his/her contributions to the company in his/her current job to make sure that such contributions end up being reflected and highlighted on his/her performance evaluations.

Networking is good to a certain extent. However, a solid resume backed up by well documented achievements and contributions to one's job is still the key to landing another job during bad economic times.

Mari said...

thanks for the additional inputs. i agree with you on the documentation of the contributions done for the company. putting it on paper is better than trying to remember what i did and did not for the past months.

 

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