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.
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!