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Here’s why you don’t have to be afraid of changing jobs amidst a bad economy, Money News

Inter 2025 by Inter 2025
February 18, 2020
jobs
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When the financial system is weak, it could be harder to safe a job when corporations are reducing again on bills however this doesn’t suggest that your job-hunt is doomed to fail. We share with you recommendations on how one can nonetheless rating your dream job in a weak financial system and debunk frequent myths about job-hunting in an financial downturn.

THE GOOD NEWS: NOT ALL INDUSTRIES WILL BE AFFECTED 

Regardless of the financial downturn, some industries are more likely to stay unaffected and others could even thrive, says Julia Ng, senior govt coach at Govt Coach Worldwide. She’s speaking about these whose providers folks and corporations want, whatever the financial scenario. Suppose the healthcare, training, accounting, army, digital advertising and property administration industries.

And that pool is about to get greater, now that 23 industries-such as retail, logistics and safety, to call a few-are earmarked by the federal government for additional improvement.

Below its $four.5 billion Trade Transformation Programme, roadmaps can be created to assist these industries develop and grow to be extra aggressive. Corporations will profit from this, however extra importantly, employees can count on new and redesigned jobs, with higher wages and coaching alternatives.

Here's why you don't have to be afraid of changing jobs amidst a bad economy, Money News

Figuring out what jobs are out there-and deciding what you need to do-is step one. The following: enhance your probabilities of touchdown that coveted place. Paul Heng, govt coach and founding father of Subsequent Profession Consulting Group, Asia, shares his suggestions.

1. START A JOB SEARCH “CAMPAIGN”.

It’s important to have a technique, one thing that’s proactive, definitive and structured (do not simply watch for job advertisements to be positioned!).

Here's why you don't have to be afraid of changing jobs amidst a bad economy, Money News

Make an inventory of the businesses you need to work for, discover out who you’ll be able to contact, tailor your purposes to swimsuit the totally different corporations and, most significantly, comply with up after you’ve got despatched in an utility or had an interview. Ship your contacts thank-you e-mails, and get in contact with them at a later stage to verify for updates on the place.

2. GO THE EXTRA MILE. 

Do what the competitors wouldn’t consider doing or can’t be bothered to do. For instance, community as a lot as you’ll be able to to assist construct your skilled connections and ship customised Linked-in invites to potential hiring managers.

three. DON’T LOSE CONFIDENCE IN YOURSELF. 

Do not let rejection letters-or the dearth of callbacks-stop you from maintaining the job hunt. Keep centered and, once you’re not busy sending out job purposes, do issues that make you be ok with your self.

MYTHS ABOUT LOOKING FOR WORK IN AN ECONOMIC DOWNTURN 

As you search, it is simple to lose hope and imagine what others inform you about discovering a job in a weak financial system. Regardless of the adverse financial outlook, do not forget that jobs are nonetheless on the market, your expertise are nonetheless in demand and employers are nonetheless keen to pay you what you deserve. 

1. “WAIT FOR COMPANIES TO CALL YOU BECAUSE IN THIS ECONOMIC CLIMATE, YOU CAN’T BE AGGRESSIVE.”

Being passive will get you nowhere, Julia says to actively method individuals who work in corporations you’ll be able to see your self being a part of. You by no means know, they are able to join you to somebody you’ll be able to communicate with a couple of job or,higher but, who has the ability to rent you. 

2. “YOU SHOULD TAKE ANY JOB THAT COMES ALONG.”

Some folks will inform you that try to be grateful that not less than somebody is keen to rent you. Nevertheless it’s vital to train some care in what you are selecting to decide to. 

“In case you do not see elements of a job contributing to your progress or the job would not align together with your values, do not settle; maintain searching for one thing that does,” Julia advises. 

three. “CONTRACT JOBS ARE DEAD-END JOBS.”

Not essentially. When the financial system recovers or a full-time place for the function you took on opens up, the corporate is extra more likely to rent you as a result of they’ve come to know you and your work – supplied you probably did an ideal job, in fact. So benefit from that non permanent job and deal with it as if it was everlasting, Julia says.

four. “YOU NEED TO SETTLE FOR LESS PAY.”

5 tips to overcome retrenchment and get your career back on track

Corporations are keen to put money into prime expertise,says Julia. And telling your self that asking for much less pay will enhance your probabilities of rent may very well elevate questions on your confidence in your price. 

It is OK to stay to the market charge, and there are a couple of methods to search out this out. Go to the Ministry of Manpower’s web site, which has benchmarking instruments to offer you  sense of business norms, or take a look at job portals and search for what that is just like what you are gunning for. Some listings will point out wage affords, and that offers you start line. 

5. “NO ONE IS HIRING.”

Some corporations could have carried out a hiring freeze, however that not true throughout the board, so do not cease sending out your resume. Paul says: “Regardless of the state of the financial system, you continue to must search for work, proper. So overlook about these elements you don’t have any affect or cannot change, and maintain looking out. 

This text was first printed in CLEO Singapore. 

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