Finding a new job during a recession isn’t something difficult as most of us believe. Indeed, there’re several best ways to find good employment during economic downturns. Millions of people around the world are doing that successfully.
We’re all aware of the economic fallout of the Covid-19 pandemic in 2020. Countless small and large businesses had to lay off their employees to trim payrolls or retrench staff altogether because employers could no longer run their enterprises.
The new normal for work we’re witnessing in 2021 as a result of the pandemic, is likely to continue for several years. Therefore, finding a new job during this ongoing economic recession requires new ways and approaches.
Therefore, if you’re looking for a new job during this recession, here’re the 10 best ways that might prove useful.
10 Ways to Find New Job during a Recession
While the majority of us are adapting to the new normal in our daily lives, the same holds true while looking for a job during the recession due to the Covid-19 pandemic. Therefore, these best 10 ways for finding a new job during a recession take into consideration the new normal.
Leverage Your Online Work Skills
Leverage your online working skills while looking for a job during the recession. That’s because work-from-home is now a necessity instead of a privilege that fewer people would earlier enjoy. As an increasing number of businesses move major parts of their operations to online platforms, they look for employees that can provide excellent services despite working from home.
Invest some time to learn the certified online courses and essential skills for working from home. This would prepare you better to meet the demands of the job market during the new normal. Basically, your online work skills have to be the latest and relevant to an employer. Nobody’s going to hire work-from-home employees with redundant skills. Hence, upgrading your online work skills and pitching them is the first best way to find a job during the recession.
Create a Killer Profile on LinkedIn
With over 706 million users in 200 countries, LinkedIn has become a premier source for employers to hire talent and jobseekers to find superb positions. Some 20 million recruiters use LinkedIn and there are anything between 18 million and 20 million jobs at any point of time that is available on this networking website for professionals, says Kinsta.com. At least one job seeker gets an offer every 10 seconds on LinkedIn, according to its official website.
This means that you simply can’t afford to ignore the vast potential that LinkedIn offers for finding a new job during the recession. And to find a job, you’ll require a killer profile on LinkedIn. It’s not difficult to create an amazing LinkedIn profile if you exert some extra effort and thought. Also, make a lot of connections in your profession through LinkedIn, including current or past bosses and colleagues, faculty members, and others whom you associate with. Especially, connect with persons that can provide excellent references to a prospective employer, if necessary, to find a new job during the recession.
Check Jobs on Facebook
Jobs on Facebook is a superb online resource that could help you find employment within your geographical area during a recession. There’s only one flipside with Jobs on Facebook: most recruiters would be smaller and local businesses. However, the very fact that they’re advertising vacancies on Jobs on Facebook is a clear indicator that they’re hiring new employees.
Often during the recession, large companies suffer the most. That’s because large corporations operate in several countries around the world. And global recession affects economically weaker countries harder than stronger ones. Hence, the overall revenues and operations of such large companies take major blows. To counter this issue, it’s advisable to take jobs at small and local businesses during a recession. You could always aim for bigger employers later.
Prepare for Online Interviews
Online job interviews are most common and necessary during the new normal. That’s due to the need for social distancing to avoid the Covid-19 infection. Furthermore, remote or online working means employers can hire the best talent from any location instead of those residing in a specific geographical area. As a result, online interviews are the mainstay of any business that wants to hire people.
Appearing for an online interview is very different from an offline or one-on-one type. An offline interview allows interviewers to assess your personality through body language and other means. Online interviews make such assessments impossible. Therefore, prepare for an online interview in the same manner as you would for an offline one. Keep clear scans of your educational and other certificates ready to share on the webinar and online video conferencing software with an interviewer. And remember to dress neatly for an online interview too.
Learn to Sell Yourself
Selling yourself to an employer is most important for finding a new job during the recession. That’s because every employer will have several job applicants for a single vacancy during a recession when unemployment figures are higher. Therefore, learn how to sell your skills and market yourself as the perfect candidate for the job. That means, speaking what you can bring to the employer’s table.
This can be fairly easy to do. Learn a lot about the company where you’ll apply for the job. Nowadays, most businesses have websites that make it easier to get vital insights about them. A lot of job boards also provide company reviews from employees. And study the roles that you’ll be playing at a specific job. This makes it easier to sell yourself to an employer.
Retain Your Bargaining Power
Retain your bargaining power for salary, even while applying for a new job during the recession. Underselling your services by settling for lower salaries and perks can often harm your long-term career prospects. Often, employers will cite lower profits as the reason for offering you lesser pay. Unless you’re desperate and unemployed, needing the job urgently, it’s best to bargain for your salary.
This doesn’t mean that you’ve to demand a specific amount of money as salary and perks. Instead, be a bit flexible because the employer could have genuine constraints in paying you the higher salary that you’re asking for. Nevertheless, throwing your bargaining power means that you’re not confident about finding better new jobs and are willing to settle for whatever is on offer. Often, employers can exploit this weakness.
Consider Part-Time & Temporary Jobs
You could consider a taking part-time or temporary new job during a recession. Taking such jobs has two distinct advantages. Firstly, you’ll have some source of income to meet your household needs, if you’re not working.
And secondly, if your services are impressive enough, the employer could consider hiring you on a full-time basis either during or after the recession. One more benefit you get is learning the latest skills that are necessary for the job market, by working part-time and temporary jobs.
It’s possible to work two or three part-time jobs during a recession since it would be only for a few hours a day or every week. This fetches you extra income. It’s quite possible that at least one of these employers will go ahead to offer you a full-time job in near future, provided your skills and work are relevant to their business.
Look for Freelancing Jobs
Look for freelancing jobs to overcome joblessness or to step up your income during a recession. That’s because lots of employers lay off staff whose full-time employment isn’t really necessary for their business operations. Instead, they look for freelancers that can work on an assignment and project basis for short terms only. If your skills match their requirements, you can definitely become a successful freelancer.
About 58 million Americans already work as freelancers- either full-time or part-time. Bureau of Labor Statistics projects, that the number of freelancers in the US is set to increase over the coming years. They cite the new normal as one of the main factors for an increasing number of people turning to freelance jobs. Freelancing jobs are generally recession-proof. Means, your skills, and work will remain relevant during recessions too, and help earn a stable income.
Register on Top Job Boards
Registering yourself on several top job boards actually increases your chances of finding a new job during the recession. All you need to do is sign-up on these topmost job boards using your Google or Facebook account or a valid email. The next step is to create an excellent resume that highlights your academic qualifications, job skills, work experience as well as extracurricular activities. You’ll have to update your profile occasionally. Don’t forget to add your contact details to ensure that an interested employer can contact you directly if necessary.
Most top job boards offer free registrations as well as premium, paid ones. You can opt for any of these according to your needs and budget. Usually, every job board will send you email alerts about any new vacancies in your field, on your email. They offer the quick apply option, which allows you to simply press the ‘Apply’ button to forward your application and resume to a prospective employer. Nowadays, several job boards also offer free apps that you could download on your smartphone to apply for jobs during a recession or update your profile, among other functions.
Join Professional Forums and Organizations
Joining forums and organizations in your profession is one of the best ways to find jobs in your field during a recession. That’s because you’ll get superb opportunities to network online and sometimes, offline with other members of such forums and organizations. Spread the word around that you’re available for full-time, part-time, temporary, or freelance work to such members. Also, enquire whether their employers have any suitable vacancies for you.
Over the years, such forums and organizations are becoming top hunting grounds for employers to hire people. One of the reasons is that it lowers hiring costs and saves the hassles of inviting dozens of applications through online and offline ads. Secondly, memberships in such groups indicate you take your profession rather seriously. Thirdly, employers can get easy and honest references for you from these organizations.
Try these best 10 ways for finding a new job during the recession. They would make your job searches easier and more enjoyable. As you can see, some of these steps are simple while others require some effort.