How to Recession Proof Your Work

Recession Proof Your Work

Due to the unprecedented effects of the COVID-19 pandemic, many industries, and indeed many markets, are falling on hard times.

With the ways of working being changed for longer-term than we ever thought possible, lots of businesses are furloughing staff, making cuts and making changes.

The number one thing we’re being asked as managers is how to recession proof the work that you are doing. Here are some tips.

Stand Out

Most cuts within an industry or company are not made at random but have an evaluation beforehand where people who are easily disposable or replaced at a later date are put at risk.

It is the people who have demonstrated they are invaluable that will be protected, and will be recession proof. It’s wise to think about:

Being vocal about your expertise
Taking ownership for tasks and seeing them through to success
Volunteer to help others – the more people that know you at the company, the more invaluable you look
Show that you’re adaptable – people who look like they’ll take to new roles or combined roles in a reshuffle will be more useful than people who stick to their job specification

Network and Prepare

If your name is not known in your office, it may be a risk factor.

If your boss, HR and other deciding people are asked about you, you want a number of people to have positive things to say about you. ‘Yes, Harry helped us on this campaign’ or ‘Harry instigated this initiative’ bodes better than ‘we’re not sure who that is’ – which makes it sound like you won’t be missed.

Network within your company and industry as though you are at risk of being made redundant.

That way you can both ensure you are in good working relationships with your company and, should roles and departments change and blend, you’d be in a good position, having already built relationships and rapport.

Build Your Skill Set

Of course, the most invaluable weapon to have when recession proofing your career.

Whenever times are changing, companies want to react.

Keep an eye on media sites such as Forbes or Entrepreneur which regularly highlight the leading or most searched-for, in-demand skills are.

Stay on top of your LinkedIn profile so that you are getting references and recommendations for those leading skill sets.

Now is the best time to invest in yourself and your career. After all, if you won’t get behind yourself, who will?

Our online courses are CMI accredited and provide globally recognised qualifications at a range of different levels, for the beginner, undergraduate, postgraduate or Master’s student.

Our CMI Level 8 Strategic Direction and Leadership Course, for example, is perfect for CEOs and directors, whilst our Level 7 Diploma in Strategic Management and Leadership is at a Master’s Level, designed for educated managers who want to move up the ladder.

Unsure of what the next step or qualification is for you to recession-proof your career?

Don’t hesitate to get in touch and we can offer career advice for free!

Ideas for life – no more resolutions

Why most of us fail? If you are in the incredible 20% of people who hit their resolutions every year, congratulations! You are a rare breed 🙌🥳👏 For the rest of us, it is mostly a journey downwards into a spiral of failure, guilt, and frustration which circles back to thinking less of ourselves and hardly ever making us feel good or achieve anything meaningful. Most of us fail for three main reasons: Lack of clarity, Unreasonable expectations, and Lack of inspiration or passion.

Employee Wellbeing

The link between employee wellbeing and productivity is well established but, as we move into the post-pandemic phase, it will be harder than ever for managers to keep the two in harmony.

Stress management strategies using EI

Have authentic, emotionally intelligent relationships with people. Associate with those whose company you enjoy and who support you. Authenticity requires self-awareness and emotional expression so that when in conversation with an individual you are able to share your feelings openly, including any distractions impairing your ability to concentrate on them.

Stress factors and coping techniques

How can we avoid distress?

We cannot. However, we can learn techniques to keep distress to a minimum by increasing our coping strategies. We can also use eustress appropriately in our occupations to improve our performance and inspire others.

How to Recession Proof Your Work