Arrgh. Here we are again in another recession...victims of bad policies and greed. So is it all that bad if all the readers of this blog have jobs? Maybe it is a good buying opportunity...
Anyway, I am one of those unfortunate statistics and find myself looking for work after a private equity funding source crumbled under the weight of IndyMac's collapse and the general problems in the banking industry. So now, some days I wake up ready to pursue the world of job hunting and other days I am discourage by the hole that is called online application submission.
But wait! Didn't I just talk to some guy that was all cheery about having hospitals competing for him as he got near to completing his nursing degree. Not that I would be such a great nurse (probably spend too much time at the nursing station chatting!) but it made me think about why the same types of jobs come up as "in demand" and how I manage to take some other route. Back to my point...is it the economy?
I venture to say that my personal recession is probably due to ignoring the wisdom of the pundits and even friends in the know and doing what I love the money will follow. OK, so lesson #1: listen to the gurus if you want to be employable and go into long term or medium size rising businesses.
You even need to keep an eye on finding some other source of income all throughout your career. The reason I say that is because I understand most of the jobs are created by small business...so that must mean that big employers are not the real drivers. Enjoy the security of a permanent job and the benefits packages but be ready in case that goes away some time. You may need to rely on your own ability to create work at some point in your career.
Read this CNN article which conducted a study with ADP the big payroll company. And, by the way enjoy the extra cash from a side job consulting or whatever but put it away in savings! Good luck to you all during this recession.
Is it the economy?
Labels:
extra cash,
job search,
recession
2 comments:
I liked your point; however, I noticed that the hot careers one day are another the next. It becomes too expensive to keep up with the trends. It would be like trying to always be the latest clothing fashion or a new model of car...you just keep going further and further into debt unless you are one of the very few fortunate ones who things paid for you. The field I work in is supposed to be considered one of the hot fields right now - Business Systems Analyst - but I do not see that since I'm struggling trying to find a permanent job; I work as a contract for now. So parts me says its the economy but what drives the economy...greedy people who are thinking of themselves and making bad decisions.
I live in an East coast metropolis. I just got off the subway talking to an investment professional. He said companies are looking for experience only. He said that his mid to large firm has reduced hiring by 2/3rds. I told him that it's difficult, since my background is Accounting and I just earned my MBA. He told me that MBA's will be considered a greater asset than college graduates. However, with so little hiring, I would be lucky to snag a college job.
I hope that when the recovery finally arrives, employers won't write me off for being a member of the Class of 2008. If I had graduated in 2006, the hiring climate would be significantly different. I want to know if companies value education, or do they look for warm bodies who require less pay ??
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