Archive for the ‘Recession’ Category

Can You Really Recession-proof Your Career?

Saturday, September 13th, 2008

Wow!  It’s been a long time since I posted.  We are busy getting the new website up and rolling.  Check us out at Career Crossroads.

I’ll be back at it again next week, but in the meantime, here’s an article that was sent to me about recession-proofing your career.  See if it makes sense for you.  http://www.bankaholic.com/579/recession-proof-careers/

Posted in Career Crossroads, Careers Portland, Recession | 2 Comments »

What Are You Doing To Prepare For A Recession?

Saturday, December 15th, 2007

It’s coming . . .

Former FED Chairman Alan Greenspan on NPR - Greenspan said it’s too soon to say whether a recession is coming, “but the odds are clearly rising.” He continued, “We’re getting close to stall speed” in economic growth. “And we are far more vulnerable at levels where growth is so slow than we would be otherwise.

Consumer Price Index hit over 4.3% for the year — inflation is on the rise (thanks in part to the housing/mortgage bubble and rising energy prices — +18% this year!)

How will YOU respond if your company goes under? What is your plan if you get “downsized” or if some other macro-economic force drives you into a career transition? There are MANY things you can do NOW to prepare:

  1. Follow the steps I listed in my end of the year “Red Zone” post. This will help you get a head start (and besides, its a good thing to do NOW anyway!)
  2. Curb you spending. I know it’s hard to do at Christmas time, but think about the impact it will have on your financial life if you DON’T have extravagant bills to pay during unemployment.
  3. Read up on career development materials — there are some GREAT resources listed here.
  4. Become invaluable at work. My dad taught us kids that when the work was “slim” we should pick up a broom and start sweeping. If the boss came through and saw a whole bunch of people standing around s/he would likely send home the ones that weren’t actively working. Why should they pay you to stand around? How could you do the same thing at your place of employment?

All indicators point to a recession heading our way. A little bit of planning ahead can help you weather a financial storm whether its a big one or a little one. Are YOU ready?

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Posted in 31 day blog challenge, Consumer Price Index, Recession | Comments Off