Choosing a new job path begins with deciding where you want to go. To help you examine your thoughts and feelings, ask yourself some questions. In the future, what kind of new job would you wish to have? Are you content in your current position? What aspects of your current position or field do you enjoy or despise? These inquiries can assist you in determining what type of new employment you should pursue. Consider what you’re enthusiastic about and what you’ve always wanted to do. A layoff or a recession can be a terrific moment to evaluate what you really want in a job and provide the motivation you need to achieve your goals. It can be a moment of enormous growth and self-discovery, even if it is unknown or nerve-wracking. Take advantage of this opportunity to choose a new job or career path that you are excited about.
When determining what career you’d like to transition into, it’s also incredibly beneficial to analyze the top recession-proof jobs. During a recession, education, healthcare, information technology, and some business professions may see an increase in hiring. Other businesses, such as retail, tourism, and entertainment, may suffer during a recession as consumers save their money for needs. In a community, things like education and healthcare are constantly needed. Technology is always changing, and it is in high demand. Even during economic downturns, many firms continue to develop and operate. These are usually excellent fields to enter during difficult financial times. Research the greatest recession-proof jobs and determine which field is ideal for you based on where you live and your interests.
What are the best careers to have during a recession?
8 industries with the best job security during a downturn
- Health-care services. People get sick and require medical care regardless of the state of the economy, thus the demand for health-care occupations is fairly stable, even during a downturn.
Is it a smart idea to switch jobs during a recession?
Keeping a positive attitude during a recession might be difficult. However, career coach, recruiter, and Founder Dana P. Hundley believes that abandoning your aspirations is to your detriment.
“Believing that you have to put your job aspirations or desires on wait is one of the biggest recession-era career blunders anyone can make,” she said. “Recessions undoubtedly present career problems and obstacles, as well as a shift in your immediate work requirements. You’ll probably have to be adaptable, but that doesn’t imply you should abandon your job objectives… Careers aren’t static; they’re always changing… “Opportunity arises from an open mind.”
During a recession, what jobs are at risk?
The advent of artificial intelligence and automation will coincide with the next recession, putting all occupations that a computer or robot can do faster and better in jeopardy. “If organizations can utilize cheaper software and robotics to complete tasks faster and more correctly, it will surely effect people’s job security,” says Yaniv Masjedi, chief marketing officer of corporate communications provider Nextiva. Jobs in manufacturing plants, secretarial functions, inventory management, and responsibilities in the food preparation and service business are among the most susceptible, according to Masjedi. “Because these tasks are highly repetitious,” Masjedi says, “automation can replace such a workforce with robots that can duplicate the movements with 99 percent accuracy, greatly lowering the danger of failures and error.” “Health crises like as pandemics have no effect on robots or software programs, making it an even more realistic alternative for corporations that wish to maintain operations without endangering anyone’s health.”
How do you make a significant career change?
You can start more detailed research now that you’ve narrowed down your career change to a few possible job kinds. Conducting informational interviews with persons in a topic of interest is one approach to learn more about it. Speak with people you know or go through your college’s alumni association.
Rebrand yourself
You may need to do some personal rebranding before you start applying for new employment. It’s critical for job seekers to use tools like a CV, cover letter, and social networks to build a personal brand that employers can understand. This is especially vital when changing careers because your previous experience may not clearly correspond with your intended goals without some thought and planning.
Use your network
When choosing connections to contact, keep in mind the industry and position you wish to work in. Speak with people you can rely on to put in a good word for you and keep you informed about chances. This can be done over the phone, by SMS, or even through a reference email or social media post.
Also, look for possibilities to work as a job shadow, volunteer, or intern. This can help you determine if the business or field is a suitable fit for you, as well as provide you with the necessary experience to set yourself apart from other job seekers.
Consider educational resources and develop new skills
If you want to work in an area that needs a degree or qualifications, you may need to get some further training beyond your current job. College courses, continuing education seminars, and even free internet tools might help you learn more about your new possible career.
If you’re already employed, look for ways to develop the skills you’ll need to make a career shift at your current employment. A marketer who wants to move into finance, for example, would want responsibility over the marketing budget in order to obtain experience with ledgers. Taking advantage of opportunities like these can be beneficial, but only if you remember to include your new abilities into your resume and cover letter.
Which industry is immune to the downturn?
A recession-proof business can be extremely profitable for people in both good and bad times. Whatever the state of the economy or the stock market, certain company concepts, such as those listed below, have a good possibility of succeeding despite the rest of the financial doom and gloom.
Many well-known or historically successful enterprises were founded during economic downturns. The Walt Disney Company was created in the late 1920s, at the commencement of the Great Depression, and the Hewlett and Packard electronics company was founded in the late 1930s, during the second recession.
Rising interest rates and shifting GDP pose far less of a threat to the finest recession-proof enterprises mentioned below than they do to most other businesses, with many of them having the ability to do even more business than usual.
Food and Beverage Business
Because everyone still needs food and drinks to live, the food and beverage business is one of the most recession-proof industries. Because it is not a luxury that can be put aside in difficult times, enterprises in this area can thrive even in a downturn.
During a recession, who suffers the most?
The groups who lost the most jobs during the Great Recession were the same ones that lost jobs throughout the 1980s recessions.
Hoynes, Miller, and Schaller use demographic survey and national time-series data to conclude that the Great Recession has harmed males more than women in terms of job losses. However, their research reveals that men have faced more cyclical labor market outcomes in earlier recessions and recoveries. This is partly due to the fact that men are more likely to work in industries that are very cyclical, such as construction and manufacturing. Women are more likely to work in industries that are less cyclical, such as services and government administration. While the pattern of labor market effects across subgroups in the 2007-9 recession appears to be comparable to that of the two early 1980s recessions, it did have a little bigger impact on women’s employment, while the effects on women were smaller in this recession than in previous recessions. The effects of the recent recession were felt most acutely by the youngest and oldest workers. Hoynes, Miller, and Schaller also discover that, in comparison to the 1980s recovery, the current recovery is affecting males more than women, owing to a decrease in the cyclicality of women’s employment during this period.
The researchers find that the general image of demographic patterns of responsiveness to the business cycle through time is one of stability. Which groups suffered the most job losses during the Great Recession? The same groups that suffered losses during the 1980s recessions, and who continue to have poor labor market outcomes even in good times. As a result, the authors conclude that the Great Recession’s labor market consequences were distinct in size and length from those of past business cycles, but not in type.
What companies made it during the Great Depression?
Sweet foods are inexpensive and give a welcome distraction from the awful news. Snickers, Tootsie Pops, and Mars Bars were all introduced during the Great Depression, and they’re still popular today.
During the early weeks of the Covid-19 crisis, sweet and salty comfort foods were also popular. Chocolate candy sales were up 21.1 percent in mid-March 2020 compared to the same period in 2019, while ice cream sales were up 34.5 percent.
How can I get a new job at 40?
When considering a mid-career transition, one of the first things you should do is figure out why you desire a new position in the first place. Is it because of the workload? What about the working environment? Who are your coworkers? Are your responsibilities monotonous, exhausting, or unpleasant? Do you disagree with the mission or tactics of your company? If you answered yes to any of these questions, you’ll be able to set objectives for what you want to get out of your new job.
In most circumstances, understanding why you’re unhappy at your current job can help you figure out what you’re looking for in a new position. You may concentrate on finding a work that fits your schedule, utilizes your abilities, and helps you to advance professionally and personally. You may not know precisely what you want until you find it, but creating goals and recognizing your own needs will guide your job hunt.
Do your research
If figuring out why you want to leave is the first stage, figuring out where you want to go should be the next. Without proper knowledge, it is impossible to make an informed decision, so conducting extensive study is an important part of any career move. Learn about the educational requirements, skill requirements, and recommended level of experience for the career opportunities that interest you. You can get this information by directly contacting hiring offices or employers.
It’s possible that you don’t have any professional options in mind. If that’s the case, discover more about your possibilities by visiting online job boards, a local job agency, or even a neighboring institution. Taking career aptitude tests, speaking with other experts, and conducting web searches could all help you find a more satisfying job.