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Discussion on: How are you preparing for the recession?

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eonuk profile image
eonuk

Having got caught out with my pants down years ago (redundancy), I realise that companies don't care about you, they only care for themselves. We were all laid off just 1 month before Christmas when the job market is at its worse. They pay the least they can and don't care one bit. I struggled to find work because I worked in quite a niche area.

It's likely that company budgets will be cut so it's prudent to expect the worse.

1) Reduce unnecessary bills now - save up money. Its something I've always ensured I have - a buffer of money to protect against bad times.
2) start looking at job-sites - so you get to understand the upcoming changes to the market.
3) from (2)... learn the skills that are high in demand. Go for quantity - the more choices you have, the more chance you have of finding a new job. Being specialised in a very niche market area is not the best idea.
4) Also identify what kind of work is "necessary" as opposed to something that can be cut back to save budgets.
5) update the resume / CV

After my redundancy, I changed my attitude to work. I felt its best to do something thats in demand rather than what I'm interested in. In fact, if it is "boring" so much the better because it wont attract talented people (making supply/demand work in your favour). For that reason, I switched from development to test-automation and feel like I'm thriving in the area. It's also something that companies 'need' as opposed to frivolous work.