With many positive sign from US companies and from abroad it is abundantly clear that we are at the beginning of an economic recovery. Though the recession may have ended- officially- this is likely to be jobless recovery. In a jobless recovery profit increases but companies are conservative and don’t hire back those employees which were cut during the recession. Productivity has increased and technology has allowed also for fewer workers.
Executives have no options because mostly all job categories have been hit in this recession. If you are one of those executive or manager who has lost their jobs or even if you are still hanging by your fingernails – then there are some things worth considering as you contemplate your next career move during a jobless recovery.
Stop being stubborn. You just start broadening your job search because you may not be able to get jobs in the company that meets your career goals. Looking into similar industries, different locations and even the idea of switching career is a good option.
On the other side target those companies which you like, and want to stay on their radar. Because things changes, jobs open- be in a better position to get the job. Relocation may have to be a better option. For last many years, job seekers have been lucky enough to find jobs in their own hometown, but this idea has to change. It is good if you look elsewhere for jobs that meet your skill set and career goals. At worst, you can come back home when the situation improves. At best, you may enjoy your new job enough to stay.
Start looking for jobs in healthcare, education, government and the environment is a good option because it is expected that there is growth in these industries in the coming years due to a number of factors (i.e. healthcare reform, a push for new green jobs, turnover in government and the creation of new jobs in the industry, and the American Recovery and Reinvestment Act that will pump money into education.)
Go back to school. This is not for everyone. Do not just decide that you want to be a lawyer and then go back to school to pursue this goal without doing the research, but if you ever want to change your career, or go to college or grad school, now may be the best time to do it.
Don’t shy from volunteer work, internships and part time and temp work. Because taking these route will keep you busy during a recession, but it will also help job seekers add skills to their resumes, make contacts in the industry, and offer opportunities for full-time work should openings become available.
We are experiencing a jobless recovery but it doesn’t mean that there are no jobs in the market. Tap into your network and keep making the effort to get in front of the right people. The right referral could lead to a job.
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