How to Recession-Proof Your Career
There is no escaping the doom and gloom around the economy right now, with high inflation, increased petrol costs, and monthly interest rate rises adding to the uncertainty.
The economy fluctuates constantly, and international instability, such as the war in Ukraine, only adds to the volatility.
For companies and those working for them, economic uncertainty usually results in an increase in cost-cutting, company restructures and job losses.
So how can you recession-proof your career?
Unfortunately, those in senior and well-paid positions are often the easiest targets.
But there is a way to protect against this uncertainty, take charge of your future and ensure you have options should the worst happen.
Be known in your industry.
The best way to protect your professional and financial future is to build your personal brand and public profile to differentiate yourself in the market and have a network of people ready to advocate for you.
Many executives wait until it’s too late to build their profile in their industry.
They rely on the influence their role has afforded them, and when that is gone through redundancy, they find it takes longer to establish their brand.
The usual feeling is, “I wish I’d done this earlier.”
It doesn’t have to be this way.
Start now: Establish yourself as a leader in your industry.
Look for opportunities to demonstrate your expertise and focus on expanding your networks.
Your brand will follow you, and if you have invested time in it you will be able to benefit from your increased influence, expanded network and command a higher salary.
Here are 5 things you can start doing today to take charge of your future and recession-proof your career.
Keep learning
With businesses moving quickly, there are many new and in-demand skills you can learn that will ensure you remain relevant and employable.
A great way to upskill is to enrol in short courses from universities and online providers. You can now access learning opportunities from all over the world and in any area of interest.
Be active on LinkedIn
LinkedIn is not just a job search platform; it’s a professional forum in which to do business as well as build and maintain relationships
Your LinkedIn profile is also the first item that will show up when someone Googles your name so ensure it is always up to date and positions you correctly.
Start engaging with your network.
Stay abreast of industry trends
One of the best ways to demonstrate your credibility is to be up-to-date with industry trends.
Keep your résumé up to date
Keep a list of all your achievements and update your résumé regularly.
That way, if you see a role that might be perfect for you, you’ll be ready.
Keep a positive mindset
In uncertain times it’s even more important to stay positive and future-focused and remind yourself that you are in control of your career.
I hope these tips help you feel more confident and in charge.
