How to find work in a Recession
We are in a market shakeout at the moment. In this market, the new market leaders for the next 20 years will emerge. Companies that offer low value or are overpriced will fail, merge or have their main clients move. It is a very exciting time for those that are emerging and a relatively good time to start a new business due to the low costs of entry.
So where does this leave you?
You want to be on the fast train that is going somewhere. This means your employer needs to have a sustainable product in a downturn. The three sustainable markets in a downturn are Healthcare, Education and Sales.
What ALL employers are asking for at the moment is how can you make or save money for them - based on what you have done in the past.
If you have worked for a competitor flag this extremely loud in your resume. Don't assume that just because it is in your resume it will be seen. Most HR personnel don't look past the third page of over 80% of their resumes!
Your new employer is after market share in sustainable markets and fast! They will be closing down projects, if they have not already, that are not long term sustainable in a downturn, and strengthening those that are. Their ability to deliver an uncompromised service at the lowest rate in a sustainable market (one that does at value) is key to their success - and they know it.
Many jobseekers go back to study in downturns - not a bad idea. However do your research well on the course that you are entering into. Will it be around in three years? Six Sigma for example is on the downturn whilst LEAN and ITIL on the other hand are in. Diplomas are usually not as recognized overseas as are degrees mainly because employers are nervous and have no consistent body that certifies overseas diplomas as equivalent courses locally.