Finding yourself out of work can be a shock at any time, but when the economy is struggling it can be devastating. Lack of advertised employment opportunities, news of business closures and financial worries can lead to a spiral of negativity. However, although some industry sectors suffer in economic recession, others emerge and create new jobs. Adopting the right mindset and understanding how the employment market works are key to finding a new job in tough times.
The economic effects of the Covid-19 pandemic of 2020 will be felt for years to come. This is a great example of how industries shift and adapt. It also shows how by being flexible you can remain in the employment market. Technology, innovation, climate change and other factors mean that the world of work will continue to change over the coming years, and it’s hard to predict what skills may be in demand.
The following tips will help you to find and retain a job in tough times.
1. Maintain a Positive Mindset
The popular media often thrive on bad news in challenging times. Avoid the trap of exposure to constant negativity that can make you feel helpless. You may have to take a break from your current career. Or you may have to consider a pay cut when the economy is in decline. Either way, it’s better to keep working than to quit. If paid work isn’t available, consider volunteer work for the sense of satisfaction and wellbeing. Future employers will view you more favorably if you’ve made a contribution to good causes during time out of work.
2. Be Flexible
You may have studied and worked hard to reach your current position but be prepared to step back or transition into a new career when the employment market takes a downturn. Some industries are hit harder than others in tough times, so flexibility is key. A change of direction may only be necessary short-term and could be an opportunity to learn new skills.
3. Have a Plan
Losing your job can impact your life in many different ways. Immediate concerns may include providing for your family, paying rent, loan repayments and essential bills. Additionally, the potential of becoming unemployed for the long-term can be stressful. Making a plan allows you to take control and decide on practical steps you can take to deal with financial problems and build a pathway to a new job. The stress of financial worries may distract you from your job searching and lead to further problems if you don’t get things under control.
Check out these tips to surviving unemployment.
4. Use Your Available Tools and Resources
Applying for advertised vacancies is just one of the many routes to finding new employment. Are there past employers or colleagues you could approach about possible work or job openings? Your personal network and contacts could be a valuable resource. A LinkedIn profile can attract potential employers as well as giving you a way to approach businesses and individuals to enquire about vacancies.
5. Update Your Skills
Taking time out of work is a great opportunity to review and update your skills. Almost every industry is subject to rapid change due to new and emerging technology. Having additional skills or qualifications can set you apart from other candidates in a competitive job market. College courses, seminars and online job training are just some of the ways you can learn new skills or update your existing ones. If you work in an industry sector that’s in long-term decline, it may be time to consider training for a completely different career path.
Ready to update your skills or change careers? Check out these online colleges and programs.
6. Understand the Modern Labor Market
The days of rapidly applying for an open job listing, attending an interview and receiving an offer of employment are almost gone. Many vacancies are never advertised, so you need to be pro-active and approach potential employers. The internet is a great resource for researching local businesses where there may be opportunities for someone with your skills and experience. Keep in mind, however, that some companies may work exclusively with appointed employment agencies, so be sure to always ask if they are the right person to be in contact with.
7. Prepare for Video Interviews
Zoom, Teams and other video platforms are increasingly being used in selection processes. They’re an efficient way for employers to shortlist candidates for a final round of interviews. Taking part in a video interview can be daunting, so rehearsing and getting used to the process is key. Test the technical aspects of a video including the camera, microphone and speakers on your device to reduce the potential stress or issues you might encounter. Choose a quiet room where you won’t be disturbed and dress as you would for a face to face interview unless you’re told otherwise.
Key Takeaway
Economies tend to run in cycles, so downturns don’t last forever. However, if you’re looking and need to find a job during tough times, it can be stressful. Following the tips in this article and accepting that the days of a job for life are gone can prepare you for adapting to shifts in the employment market.
