Tips to recession-proof your career

With the economy still in turmoil, job security is a concern for many. Executive Education talked to three experts to find out what steps you can take to recession-proof your career.

In a cutthroat job market it's crucial to maintain a competitive edge.

In a cutthroat job market it’s crucial to maintain a competitive edge.

Marie Taillard is assistant professor in marketing at the ESCP Europe management school, Caroline Diarte-Edwards is Director of admissions, marketing and financial aid for the MBA Program at Insead graduate business school, and Wendy S. Enelow is an author, trainer and career consultant whose books include “Best resumes for $100,000 + Jobs.”

Here’s what they had to say:

1 — Go back to basics. Keep your skills sharp in all the core disciplines, whether it’s HR management, marketing or finance. Keep yourself up to date with the latest thinking and trends.

2 — Now is the time to network. Taillard says that in times of economic uncertainty, networking is an area that is often neglected. “People have trouble going to events where there is networking and getting their names out, but now is not the time to give up on networking,” she says.

3 — Network smart. The Internet offers great networking opportunities, but work out which are suitable for you. “Be appropriate with your online networking,” says Enelow. “Facebook and Twitter might be appropriate for young professionals but for older professionals with years of experience, LinkedIn is probably the only online networking tool you need, unless you work in the high-tech industries.”

4 — Be flexible. The days of “a job for life” are long gone. In times of recession not even the biggest companies are a safe bet, so it’s important to be adaptable and keep an open mind about what career paths are open to you.

5 — Broaden your horizons. If there are lean pickings in your domestic job market, look overseas. “It can be a great time to look at what opportunities there might be in another job market, where you can leverage your skills and gain a different cultural perspective,” says Diarte-Edwards.

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One thought on “Tips to recession-proof your career

  1. Just wanted to add a small tip on creating a recession proof career. It would be a good idea to plan out your career or business by considering government contracting. This is a very lucrative financial opportunity that can help you stabilize financially and increase your income flow if it is done the right way.

    If this is something that you are interested in to put an end to your financial worries, get yourself registered with the Central Contractor Registry which is a federal clearing house for vendors and small businesses too. Also identify a product or service that you can supply to the government and which the government needs in order to get a contract.

    You can win such billion dollar contracts and secure your career or business better even during this phase of recession.

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