Recession

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In this week's edition of the Work It DAILY Weekly Update, we discuss the importance of employers offering outplacement services and briefly touch on how recent events nationally impact the workplace.

The Importance Of Offering Outplacement Services

Laid-off employee on laptop uses outplacement services in their job search

Last week, the National Bureau of Economic Research officially declared that the U.S. economy was in a recession.

For the millions of people who have lost their jobs, this doesn't come as a surprise. Making matters worse is the fact that the newly unemployed are heading into this recession lacking the basic job search skills they need to navigate the competitive job search process that accompanies a recession.

In some ways, this would be an easy problem to address if more companies offered outplacement services to the employers they let go. Unfortunately, most don't!

Work It DAILY founder and CEO J.T. O'Donnell touched extensively on the issue recently via her LinkedIn newsletter and podcast JT Talks Jobs.

Most companies offer job coaching/outplacement to laid-off executives, but not the rest of the workforce, according to O'Donnell.

As part of tax code changes made in 2017, people are no longer allowed to write off job search and coaching as an expense on their taxes, which puts even more burden on those impacted by layoffs, while companies are able to write it off as a business expense.

O'Donnell suggests that those who have been laid off should go back to their former employer and ask for assistance with job coaching, while challenging managers or business leaders who have laid people off to go back to their executive teams and ask them to find it in their budget to pay for outplacement for their staff.

There's a misconception that outplacement is expensive and will break the bank for their companies. However, this is no longer the case! Services like the ones offered by Work It DAILY are both affordable and can be done virtually through a computer or phone application.

Companies need to be more open-minded about helping layoff victims secure outplacement/career coaching services. Not only is it the right thing to do in this recession, but it's good business!

For one, the sooner your former employees get jobs, the less you pay in insurance rates. But, most importantly, employees will remember how they were treated in their time of need. Those employees will take to sites like Glassdoor and Indeed to share their experiences, and bad experiences have a way of sticking with companies and hurting their employer brand.

No one knows how long this recession will be, or the ultimate damage from it, but anything a company can do to help laid-off employees will go a long way towards putting the company on the right side of history.

Good News Of The Week

Peloton recently donated $500,000 to the NAACP

Exercise and media company Peloton was one of the first companies to make a major statement about racism in the wake of George Floyd's death.

Peloton made the poignant statement via Twitter and the message included the announcement that they were making a $500,000 donation to the NAACP.

Peloton has been praised for the tone of the message and taking immediate action with their donation. They were also praised for the way they ended their message. "We have more work to do. Will you join us?" This serves as an acknowledgment that statements and donations won't solve the problem alone and a call to action for other businesses to step up and help in the process.

Resource Of The Week

Coworkers discuss diversity and the company's role in improving society during a work meeting

As stated above, many U.S. companies are trying to figure out ways to show support and join the fight against racism.

For some companies, it's putting out public statements against racism. Others are donating to African-American causes, and many more companies are holding discussions about how to meaningfully participate in making positive changes to both the workplace and society.

Out of all these steps, having ongoing discussions about race and diversity is the most important. It's important that discussions not only happen now in these times of unrest, but they continue. The only way to make positive change is to constantly keep these issues at the forefront.

What meaningful change looks like and the timetable for it will vary by company and that company's circumstances, but one thing is for certain moving forward: remaining silent isn't an option.

Businesses are an essential part of society, and all of society must participate in making a difference. The Harvard Business Review recently linked some helpful articles and books to help discussions about race and there are also many great organizations that empower African Americans that are worth learning more about.

Give yourself an even greater edge by becoming a Work It DAILY member today! Get access to one-on-one career coaching, resume and cover letter reviews, online tutorials, and unlimited networking opportunitiesâall at an affordable price.

This article was originally published at an earlier date.

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Outplacement Is An Essential Service To Offer …

Whispers about a possible recession have been in the air for a few years, but those whispers grew a lot louder recently with many economists highlighting various economic indicators pointing toward a possible recession in the immediate future.

Recessions can impact everyone differently, but history indicates that there will be mass layoffs, fewer jobs, more competition for jobs, and less job security.

Here's what you need to know about a potential recession's impact on your career:

Common Situations People Find Themselves In During A Recession

As stated above, a recession impacts everyone differently. Any issue with the economy will impact consumers' wallets in one way or another but things can become particularly painful when it impacts your livelihood.

From a professional standpoint, the most common situations people find themselves in during a recession include:

Feeling trapped in a job they hate - Perhaps you were looking to leave your current job and make a career change, but the recession put the brakes on that. A person trapped in a job they hate can be less productive and many times the unhappiness from their professional life bleeds into their personal life.

Getting laid off from a job - This is the most painful consequence of a recession. It has a significant impact on a person emotionally. It also forces them to pick themselves up and enter into a competitive job market. And the awkward and uncomfortable fact is that if you are laid off, you're better off being involved in a company's first round of layoffs. Those let go in a second round of layoffs must enter into an even more competitive job market where their former co-workers already have a head start on them.

Being forced to accept a job they don't want - People have bills to pay and it's not uncommon for some to become so frustrated with the job search process that they eventually settle for any job offer they get. This is especially painful for anyone that may have been laid off from a career they loved. Going from a career you love to one you don't could make you a less productive worker and could also have major emotional impacts.

Struggling to land a job at all - This is the worst-case scenario. Not only is the job market ultra competitive, but those who have lost a job are interviewing for new ones with an urgency that sometimes comes across as desperation. The more times a person gets rejected from a job, the more desperate they become and the more it impacts them during job interviews. The unfortunate truth is that those who are laid off during a recession are at a disadvantage because recruiters are more likely to hire people that are already employed.

How To Know If A Recession May Impact Your Career

There will be some common sense signs such as the state of your industry and the overall health of the company you work for, but beyond that, there are typically six strong indicators that your job is at risk during a recession.

The biggest indicator starts with doing an honest self-assessment about yourself because if you don't have a long-term career goal in place, you are vulnerable to losing your job during a recession.

If you're currently just getting by at your job but can't define what you do particularly well or the value you provide the company, that's a major red flag.

A solid long-term career goal involves a 2-5 year plan that highlights the skills and expertise that you provide to a company and what the company's return on investment would be if they hire you. This is all about creating and maintaining your personal brand. Your career goal should also include a plan for how you want to continue to grow professionally.

While having this plan in place doesn't make you recession-proof, it will put you in a better position if the worst-case scenario does occur!

How To Prepare Your Career For A Recession

Nothing in this world is foolproof but there are certain steps that you can take now at your current job that will make you less vulnerable during a recession.

It all starts with being an engaged employee who strives to always exceed expectations at work.

You should be the type of employee who has career goals in place. You know what value you provide the company and how you're going to provide it.

You should also be the type of employee who reaches out to management from time to time to see what you can do to increase your value to the company. An engaged employee is a valuable employee!

It's not a matter of if a recession is coming; it's when. Make sure you're prepared!

Need more help preparing your career for a recession?

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This article was originally published at an earlier date.

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How A Recession Could Impact Your Career

How To Recession-Proof Your Career In 2023

Are anyone worried you wonât property a job in the present job market? Or are people worried your current part might be eliminated at some sort of momentâs notice? If therefore, we have a coaching series for you to help check out!

In each of our latest live class, weâll educate you on how to remain employable and relevant inside the job market through these tough times.

We almost all remember 2008. It has been a challenging coming back numerous. Now, weâre painfully returning to the idea of residing through another recession.

With mass layoffs, hiring freezes, and furloughs happening due to financial influences, many are questioning this security and stability of the futures. You may actually be thinking about the relaxing question, âAm I subsequent? â

Inside our 4-week class, youâll learn what you require to fag order towards secure opportunities even while in hard times.

You should take this particular training if:

Youâre fearful regarding your future
Youâre worried nobody will certainly hire you
Youâre unsure showing exactly how to recession-proof your career

Join our CEO, M. T. O'Donnell, and Movie director of Training Development and Coaching, Christina Burgio, with regard to this live event collection on Wednesdays at twelve pm ET from The month of january 4th-25th.

CAN'T ATTEND RESIDE? That's alright. You'll have entry to often the recording and the workbook following the session!

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How To Recession-Proof Your Career In 2023

How To Successfully Change Careers After A Layoff

For most workers, being laid off or furloughed is a scary thought, and, unfortunately, this scary thought became a reality for many professionals who had their jobs impacted by COVID-19 and the recession that followed. However, for some, losing their job is the push they need to make a career change.

It's not as crazy as it sounds!

Some people need a change but are too afraid to make one, and losing their job is the perfect opportunity to do so. In addition, many workers who lost their jobs due to the COVID-19 crisis may find it difficult to get back into the industries they were working in.

Making a career change isn't easy, but with an organized approach, it can be done successfully. It won't happen overnight, but with patience and commitment, you can ultimately end up in a better place.

Here's what you need to know about the career change process as you embark on the job hunt after a layoff...

Commit To A Career Change Plan

Before committing to a career change, make sure you're ready to close the door on your current career.

A career change should not be an impulse decision or strictly driven by the trauma of a layoff. So, it's important to take some time to really think things over.

But if your decision comes from a prolonged period of career unhappiness, then the time may be right.

Identify the new industry that you're looking to get into and then create an interview bucket list of 10-12 companies where you would like to work. Take a self-inventory of yourself and identify the transferable skills you possess that would also apply well to this new industry. Identify where you need to upskill.

What skills are you missing for this new position? Come up with a plan for gaining these skills. Attend training courses, workshops, classes, or certification opportunities.

Changing Careers Is About Who You Know

Man talks to a colleague about making a career change

Now that you've drafted a career change plan, the real challenge begins: building your network.

When applying to a new industry, it's not enough to just apply online and pray that you'll get an interview. You have to put the work in.

Go to the company's website or LinkedIn account to identify the human resources manager and the company's key players. Try to make an actual connection. Tap into your current network to see if you already know someone working at the company or have a friend who knows a current employee.

Use any connection you make to learn more about the company and to tell your career storyâwhere you've been, and why you are choosing to change careers. Any connection that you make is a foot in the door.

This is a much more efficient way to conduct a job search, rather than just applying for every online job posting (spraying and praying). Most resumes don't even make it past the applicant tracking system (ATS).

In addition to trying to secure an interview, putting in this work will also help you build networking skills and expand your professional network. No matter where you are in your career, it always pays to network. This would also be a good time to update your LinkedIn profile, too.

Ease Your Way To Your Dream Job

Young professional moves into her new office after getting a new job

What if you could get a job at the company you want to work for, just not in the position that you wanted?

That would actually be a career victory. When it comes to career changes, very rarely can you just switch lanes and land your dream job. Sometimes you need to ease your way in.

If you're struggling to get the position you want within a certain company, research other positions at that company to see if there are any positions that better fit your current skill sets. If there is, apply for that position. That way you at least get a job at the company.

From there, you can figure out a way to gain the skills that you need, so that you can one day move into your dream position.

Beware! Career Changes Come With Salary Implications

Confused businessman ponders whether or not he should take a cut in salary

This may be hard to believe, but when it comes to a career change, sometimes salary is the last thing that you think about.

That's because the career change process is so involved. It takes a lot of effort to come up with a plan and eventually secure an interview. Salary considerations are something that gets placed on the temporary back burner.

But if you've reached the point in the process where it's time to discuss salary, you've done something right and don't want things to unravel.

Depending on the type of industry you're going into, you'll be looking at either a salary increase, decrease, or match. It's essential that you do your research about the position and the average salary for such a position in your geographical area. Websites such as Salary.com and Glassdoor can be good resources for this information.

Having this information could be helpful in salary negotiations or, at the very least, mentally prepare you, particularly if you're facing a salary decrease.

It's also important not to lie when asked about your current salary in order to get a higher salary. It never pays to be dishonest.

Being laid off and then deciding to change careers is a lot to take on. If you're organized and committed, you can do it, but you don't have to do it alone!

Need more help making a career change after a layoff?

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This article was originally published at an earlier date.

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How To Successfully Change Careers After A …

The COVID-19 crisis has sent the economy into a recession and impacted numerous careers. Although people are naturally on edge right now, it's important to know that while searching for a job during a recession isn't easy, it's not impossible.

As a result of the COVID-19 crisis, millions of people quit their jobs or were laid off by their employers, and many are still struggling to find a job. There are record levels of competition for open positions. If you want to stand out to employers, you need to be prepared for the job search process.

Here are four common myths about the job search process during a recession, and what you should do to land a job in hard times.

Myth #1: No One Hires During A Recession

Businesses are always hiring!

There are some businesses that are greatly impacted by recessions that will reduce staff and implement hiring freezes, and others that will slow their hiring, but in general there's always some need to hire people as a result of vacancies and retirements. In addition, there are some industries that continue to do well in a recession.

However, while businesses are still hiring during a recession, the job competition will be greater and you'll need to work harder to market yourself as an employee worth hiring. There are multiple ways you can make yourself a better candidate. This includes finding ways to upskill, networking, improving your resume, and writing a disruptive cover letter.

Myth #2: No One Will Hire You After Getting Laid Off

Layoffs are a fact of life and businesses realize that.

But from a competition standpoint being laid off puts you at an initial disadvantage. Layoffs are common during a recession. This increases competition because of the number of people in the job market in need of work.

If you're laid off, you have to work even harder to market yourself to potential employees. But at the same time, you don't want to come across as too desperate. Like with any job search, do your research and leverage your professional network whenever you can.

You may also want to consider which industries are still hiring during the recession and taking a job in one of those industries to hold you over. There's no shame in working outside of your desired industry. There may even be benefits to it.

Given the circumstances of COVID-19 and the recession, future employers will understand the career detour.

Myth #3: If You're Over 50, You Won't Get Hired

Age discrimination is a topic that comes up from time to time but in reality it's actually called experience discrimination.

People over the age of 50 are staying in the workforce a lot longer but have to compete with millennials and Gen Z that make up more than half of the workforce. These younger generations are highly skilled, tech savvy, and a lot cheaper to employ.

This means that anyone over 50 looking to get hired needs to work even harder to get noticed. You need to clearly understand and sell what it is that you do well (your specialty). You also need to invest in yourself and be willing to upskill whenever you can.

Myth #4: You'll Have To Take Less Money

Finding a job during a recession doesn't mean an automatic pay cut!

Recession or not, you should prepare for a typical salary negotiation process. Do your research and have an idea of the competitive rate for the position you're pursuing.

If you've settled on a salary range, be ready to prove to the company why you would be worth the investment. You can do this by demonstrating why you'd be a valuable asset to the company and how your unique skills/experiences will make you the best fit for the role.

It always comes back to marketing yourself.

Recessions come and go and we will get through this one! Recession or not, one thing about the job search process remains trueâyou have to work hard and be your own best advocate.

Need more help with your job search?

We'd love it if you signed up for Work It Daily's Event Subscription! Get your career questions answered in our next live event!

This article was originally published at an earlier date.

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4 Myths About Job Hunting During A …

Executive Spotlight: How Leaders Can Motivate Employees During An Economic Downturn

During difficult and stressful times such as an economic downturn or recession, it can be a challenge to stay motivated at work. A good leader naturally knows how to motivate employees when things are going well for the company. But when things aren't going so well, how can executives and other leaders in the organization motivate their team members?

We recently asked our leading executives how they think leaders can motivate employees during an economic downturn.

Here are their responses...

Ana Smith, Talent Architect & Global Learning Strategist

As complex world events have unfolded more than we've experienced before, itâs understandable that your teamâs minds are elsewhere. In uncertain and highly charged times, stress is a normal human reaction.

In addition to getting the work done, balancing compassion and empathy requires attention and skill, and care. As a leader, taking time to understand your own emotions is fundamental to getting started. If you acknowledge and manage any stress and anxiety you feel yourself, model self-care, and ask people what they need, you're off to a great start.

Showing empathy, you want to connect with everyone in your team to truly understand what they think and feel, even if you donât agree or feel the same thing.

Normalizing stress.

People managers can create a sense of relatedness, competence, and autonomy to help motivate their team(s) in uncertainty.

Ana Smith helps people & organizations achieve their full talent potential by developing and co-creating people strategies and customized solutions, and turning them into impactful outcomes and collaborative relationships, using coaching as the "red thread."

Jim Black, Engineering & Technical Executive

Leader talks to her team during a work meeting

Motivating employees during an economic downturn is never easy. Short-term evidence usually contradicts your optimism.

When I have needed to inspire my team during slow periods of work, I focus on what we can prepare for the return. What can we do now that will make us better?

Consider this analogyâ¦

You are running a fine-tuned race car, and it has logged dozens of laps. The car is running well, and you are making great lap times. The race stops, and you can work on your car during the stoppage. Do you simply sit back and start again when the green flag drops? Noâyou change the oil, fine-tune the timing, replace broken parts, and make the car even stronger than before.

Economic downturns are similar. Take the time to refine the process, improve workflow, and make yourself stronger for the return. Provided the company is fiscally responsible and does not need to lay off employees, motivate them with the opportunity to improve for the next phase.

Jim Black is an engineering professional focused on the development of technical professionals. He is also a professional bass player.

Carla Biasi, Personal Stylist

Executive talks to his team during a work meeting

Motivating employees should be a continual process in any organization.

Certainly, in a down economy, it's even more important to keep employees pushing forward and staying positive.

I believe one of the most important ways to do it is through communication. When the economy takes a hit, people are concerned about their jobs. They wonder how the company will handle these rough times. Leaders should talk to their employees about the measures the company is taking to weather through it. It means so much, and employees will feel more secure and appreciated when this happens. Therefore, they'll be motivated to stay with the team.

Recent studies show that the younger generation ranks transparency as one of the highest traits they look for in management. It fosters inclusivity and employees feel respected which counts for a lot.

Carla Biasi is a personal stylist living on the Mississippi Gulf Coast. She currently has her own business and works part-time at an upscale women's boutique and as a virtual and kit stylist for a womenâs specialty brand.

Andrea Markowski, Marketing Executive

Letâs get one thing straight. You cannot motivate anyone to do anything.

Ok, I lied. Usually, if the job is undesirable, boring, or made up of low-skilled repetitive tasks, the best motivator isâyou guessed itâmoney.

However, for higher-skilled jobs that require smart decision making and a degree of autonomy, as a manager, you simply are never going to be the source of an employeeâs motivation. It has to come from within the employee themselves.

An excellent resource is Drive by Daniel Pink. This book looks at the science behind motivation. After reading it, one bit that stuck with me is how any type of progress made can motivate someone to keep on keepinâ on.

With this reasoning, you might celebrate both big and small wins of the organization as a whole, right down to an individualâs contribution. An employee must feel that they added to the progress in some way to generate their own intrinsic motivation.

Andrea Markowski is a marketing director with specializations in strategy development, digital tactics, design thinking, and creative direction. She has superpowers in presentations and public speaking.

Lisa Perry, Global Marketing Executive

Employees celebrate, high five, and motivate each other at work

When organizations are in the midst of an economic downturn, keeping employees motivated becomes more challenging. The focus is to tighten budgets, implement hiring freezes, reduce salaries and workforces, and even layoffs, furloughs, to selling assets.

Here are eight strategies to keep your employees inspired and engaged:

Stop Gossip: Rumors can run rampant about layoffs, pay cuts, and more if you donât stop it as quickly as possible.
Listen: Practice active listening skills: understanding, enjoyment, learning, and giving advice, or solace.
Be Consistent: There should be a consistent approach to decision making. The organization should have confidence that decisions made and changed are for the right reasons.
Provide a Sense of Certainty: In times of uncertainty, be transparent, keep people informed, and be as truthful as you can.
Have Integrity: Many things become possible throughout an organization when people trust each other to do what they say theyâre going to do.
Understand What Motivates Your Staff: Once you understand what drives and motivates your staff, itâs easier to give them the opportunities to thrive.
Give Staff a Voice: Create an environment in which employees feel safe to express their ideas and feedback as well as give them opportunities to have an impact.
Power of a Thank You: Donât underestimate the power of saying thank you for a job well done. A note, a personal outreach, or a public affirmation can make a huge impact on the person receiving it.

How do you think executives can motivate their employees during an economic downturn? Join the conversation inside Work It Daily's Executive Program.

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Executive Spotlight: How Leaders Can Motivate Employees …

I struggle to write about this subject because it might suggest that there are special strategies to keep your job during a recession. There is no guarantee anyone will keep their job during a recession. But there are some things you can do to increase your chances, some things that are in your control.

I personally believe an excellent work ethic helps you keep your job during an economic downturn. This very strategy will also help you move up the corporate ladder in good times.

Regardless of the economic climate, one should always practice a good work ethic. There are other things you need to do too, though.

Here's how to keep your job during a recession...

1. Be Nice

Woman is kind to her coworker during a recession

It feels funny to even remind people of this common courtesy. But in a recession where jobs are threatened, we all can guess who will be put on the chopping list between two employees of equal caliber.

If you have been nasty to co-workers, perhaps it is time to reflect and start changing. Smile more often, compliment your colleagues, and offer words of encouragement, kindness, and wisdom.

2. Be A Competitive Advantage

Man adds value to his team during a recession

Ideally, you are already a competitive advantage to your team. It's never too late to start if you have never thought about this. What is it that you can uniquely offer to your team that others cannot? Do you have a specific skill set? Are you knowledgeable in a certain area of business? How do you show your value at work?

If you are a competitive advantage to your team, you have a better chance of keeping your job during a recession.

3. Work Hard

Two co-workers work hard during a recession

Working hard implies a few things. It says you are willing to sacrifice. It says you enjoy your job. It also says you add more value to the company because you are churning out more than an average employee.

During a recession when everyone is expected to work with limited resources, the one who can work harder will likely triumph.

4. Do More & Talk Less

Woman hopes she will keep her job during the recession

If your mom has told you to "do more and talk less," heed that advice now. If you are someone who complains, blames, and gossips, you had better stop now. No one will tolerate a terrible co-worker, a complainer, or someone who casts blame or spends too much time gossiping in good times, much less during a recession. How will all these help in keeping and maintaining your job?

Take personal responsibility for your own actions and stop blaming others. If it can be fixed, stop complaining. If it cannot be fixed, no amount of complaining will fix it. Offer a solution instead. Be a valuable, helpful employeeânot a negative, counterproductive one.

5. Increase Revenue And/Or Cut Costs

This will be a constant theme among companies and you should make that your mantra, too. You are a business-of-one. How you justify your employment, especially during a recession, is by your ability to either make or save your employer money.

Think about how you can positively contribute to the company's bottom line, and start working towards that goal now. This, if nothing else, will help you keep your job.

During a recession, be thankful and happy that you have a job. But, also don't take it for granted. Be nice to your co-workers, work hard, and genuinely contribute to the company's vision and bottom line, always thinking about how you can save or make your employer money. If you do these things, you'll increase your chances of keeping your job during a recession.

Need more help keeping your job during a recession?

We'd love it if you signed up for Work It Daily's Event Subscription! Get your career questions answered in our next live event!

This article was originally published at an earlier date.

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How To Keep Your Job During A …

Recession-Proof: How To Be An Indispensable Employee In 2023

During times of crisis, many companies are forced to cut costs drastically, resulting in mass layoffs and hiring freezes. If the company isn't making money (or worse, is losing money), it can't afford to keep paying all of its employees.

If you're worried your job might be in jeopardy, it's important to get crystal clear on your ROI. As an employee, you need to ask yourself, "Am I saving or making the company money?"

Employees who save or make their company money are often viewed as "indispensable" and won't be let go even during hard times.

Want to save your job? Here are some tips to help you stay employed during a recession:

Show Them You're A Money-Maker (Or Saver)

Professional man proves he is an indispensable employee during a work meeting by saving the company money

Many companies are forced to cut costs during challenging or slow periods. If the company isn't making money, it's losing money. As an employee, you need to be able to justify the cost of your employment if you want to keep your job. What kind of return on investment can your employer expect?

Think about the main function of your job. Are you bringing in money in some way, shape, or form? For example, an email marketer impacts the bottom line by promoting products to gain new customers and bring back older customers. Or are you saving money somehow? For example, if you work in operations, you're probably in charge of making processes more efficient so less time and money is spent on them.

It might not be obvious at first, but a company wouldn't hire you if your role wasn't helping them move the needle in some way. If you can identify where you truly impact the bottom line and focus on those activities, you'll increase your chances of keeping your job.

Maximize Efficiency And Output

Professional woman talks to her boss about becoming an indispensable employee at work

During uncertain times, you need to be prepared to add more to your plate since there will likely be layoffs and hiring freezes. Is it going to be overwhelming? Yes. But, in times like these, you need to figure out how to be as efficient as possible to get everything done in order to add value (and stay sane).

So make sure you're prioritizing effectively, focusing on high-payoff activities that move the needle, and closing down any distractions that could keep you from getting your work done. Make a list of your daily, weekly, and monthly tasks/projects, figure out your time sucks, and talk to your manager to make sure you're prioritizing the right things.

Get Clear On Your Expectations From Your Manager

Man talks to his manager about her expectations so he can become an indispensable employee

It might be time to check in with your manager to make sure you're both on the same page in terms of what you should be doing. There might be changes that will impact you, your boss, or your team, so make sure to touch base. During times of high stress, you might be expected to do more with less (or in less time).

Also, if your manager needs extra help, take things off their plate. Show them you're willing to go above and beyond during challenging times (without complaining) to make their life easier. Demonstrate that you're an asset to your team, not a liability.

Even if you're a high-performer in your organization, there's always a chance that you'll be part of a mass layoff. When a company is going through hard financial times, it will be forced to cut costs and let employees go in order to survive. The good news is that, by following the tips above, you can greatly reduce your chances of getting laid off.

So, remember this adviceâand good luck!

Need more help in your career?

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This article was originally published at an earlier date.

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Recession-Proof: How To Be An Indispensable Employee …

Sometimes businesses are forced to restructure and cut staff. We've seen this during the COVID-19 crisis, but it can happen at any point of time.

While sometimes unavoidable, the decision to layoff employees can be one of the toughest decisions a company has to make. These are never easy conversations to have, but it's possible to show both commitment and compassion to impacted employees.

"How?" you ask. By providing them with outplacement services.

Providing outplacement services is an essential step that benefits the impacted employee and the business! Here's why...

1. It Helps Employees Take The Next Step

Getting laid off is a gut punch and one of the first questions an impacted employee asks is, "What do I do now?" As an employer, you can't answer that question. But one thing you can do is give the employee the resources to help them answer that question.

Outplacement services typically help people with resumes, LinkedIn profiles, cover letters, and job search and networking strategies. These services are particularly beneficial to those impacted employees who have been with the company for a long time. A lot has changed in the job search game, and these employees have a lot of catching up to do.

Nothing is ever guaranteed, but studies have shown that people who receive outplacement services get hired two times faster than those who don't. Providing these services shows the impacted employees that, even though you are laying them off, you still care about their professional futures.

Being unemployed is tough, but employers can make it easier by helping their former employees get the resources they need to help them move through the stages of career grief faster and get their job search going in the right direction.

2. It Will Help Morale At The Company

When a company goes through layoffs, thoughts are naturally with the impacted employees. However, layoffs impact the entire company.

The workforce just lost trusted colleagues and friends. In addition, some people are about to see their job responsibilities change as a result of the layoffs.

The workforce is shaken, perhaps even scared about their own futures at the company, and some will have survivor's guilt.

Many of the remaining employees will talk with those who are laid off. If the company showed compassion and offered outplacement services to those impacted employees, this will get communicated to the current workforce.

While it doesn't make the situation any easier, the fact the company did what it could to help the impacted employees can slightly improve the morale of the remaining workforce.

Another thing the company can do to ease the concerns of its workforce after a layoff is to over-communicate. Be as transparent as possible and give them what information you can about the decision and the future of the company.

In order to rally the remaining workforce and move the company forward, these employees need to know the vital role they play in helping the company achieve its goals. These employees need to feel a part of a team.

All of this plays a huge role in the company keeping the trust and respect of their employees.

3. It Reflects Well On The Company

The company's employer brand and reputation are two things that may get put on the back burner when a business goes through tough financial times. But, eventually, these things will matter again, and the way the company navigates a crisis or restructuring will impact its reputation.

Just because a company lays off employees, doesn't make it a bad business. For example, the COVID-19 pandemic has thrown numerous businesses for a loop, but even in normal conditions, businesses have to make adjustments in staffing based on a number of ever-changing factors.

Ultimately, it's the way the business handles the layoffs that will impact its reputation.

Employees who feel that they were mistreated or shown a lack of compassion during the layoff process will post a review on job review sites like Glassdoor and Indeed.

Job seekers use these sites to research your company's employee experience, and negative reviews about employees not being treated well during layoffs could cost the company talent in the future.

Giving outplacement will lessen the odds of a former employee writing a negative review about the company. It may even lead to some positive reviews.

Being able to say you made sure every single person got one-on-one job search coaching will show just how much you care for your employees and will reflect well on the company's reputation.

How To Get Outplacement Services

Cost has always been a point of contention for companies considering whether or not to use outplacement services. However, over the last few years technology has made outplacement services more efficientâand cheaper.

Many essential outplacement services such as resume reviews, LinkedIn and cover letter advice, and professional networking are now built into virtual platforms that eliminate the need for in-person services.

And the good news is, Work It Daily is one of them!

Learn more about Work It Daily's outplacement services and give impacted employees a fighting chance to find work faster in this competitive job market.

For pricing inquiries, please contact [email protected].

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3 Benefits Of Outplacement Services

When a recession hits, many people immediately begin to worry about their jobsâand with good reason. Recessions usually mean mass layoffs, fewer jobs, more competition for jobs, and less job security. But some careers are safer than others.

Several websites, including Glassdoor, have compiled lists of jobs that are expected to survive the next economic downturn. Every list is a little different, but there are some professions that consistently show up. Here are five of those careers.

Keep in mind the term "recession-proof" is relative. A recession impacts everyone differently, so nothing is ever 100% foolproof.

1. Medical/Healthcare Providers

This category includes a wide range of jobs: doctors, mental health professionals, home healthcare services, registered nurses, and physical and occupational therapists, to name a few.

The bottom line: No matter the economy, people get sick or injured and need care!

These jobs usually offer competitive salaries and, with the growth of the healthcare industry and many experienced professionals retiring, these fields are always looking for new and young talent.

2. Teachers/College Professors

Teacher shows her students how to work on a computer

The need for education is also something that never stops, regardless of the state of the economy.

Job growth for teachers typically remains steady as districts are usually faced with the retirements of experienced teachers each year. In addition, if enrollment levels remain steady or increase on a yearly basis, cutting teachers would likely impact the quality of education. Many teachers are also tied to labor unions.

College professors, particularly ones with academic tenure, are also very secure in their positions as college enrollments remain somewhat consistent during a recession.

3. Funeral Home Director

This may be morbid but death is the ultimate recession-proof business!

The funeral home director position may not be in demand but the need is constant. It's consistent work that's not impacted by the economy or any other seasonal factor.

Of course, it goes without saying, the job does have its drawbacks.

4. Utility Workers

Keeping up with public infrastructure projects is a never-ending battle and while communities may try to cut some costs during a recession, taking care of roads, electricity, sewage, trash, and water are essential services that communities can't afford to skimp on.

In addition, in recent years many utilities have experienced labor shortages, so there are usually many positions available for those looking for a job or career change.

5. Accountant

Benjamin Franklin famously said the only certain things in life are death and taxes.

We already touched on death, so now it's time to touch on taxes. While accountants are particularly valuable during tax season, their services are needed year round.

Whether you're a business owner or just an everyday person, dealing with numbers and financial records can be tricky. And, during a recession, the need for assistance with finances is great.

Many believe a recession is imminent and it could very well impact your career. Now is the time to prepare!

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This article was originally published at an earlier date.

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5 “Recession-Proof” Careers

Whether you've just graduated from college, you're in the middle of your career, or you're in your 60s, competition for jobs is fierce. So, how can you stay relevant in today's job market?

Here are six ways to stay on top of your game...

1. Brand Up

If you want to market yourself effectively, you need to clearly understand how and where you add value. What skill sets and strengths do you have? What's the problem you solve? How do you solve it? Get very clear on what you have to offer and then start building your brand.

Once you understand how and where you add value, you need to build your brandâa marketing strategy for your business-of-one. Start building up your online presence, establish yourself as an expert in your field, and get your name out there. If people can't find you easily, it will be hard to stand out in a sea of talent.

2. Learn New Technology

This is one of the most important things you can do to stay relevant in today's job market. We live in a very tech-savvy world, and if you can't keep up, you risk falling behind the competition. Think about what technologies are used in your industry and take steps to familiarize yourself with them and learn how they work.

3. Look At Industry Trends

What's happening in your industry? What needs aren't being fulfilled? Look at industry news and developments so you can get a clear idea of what areas will need talent. Then, set yourself up to fill those needs using your skill sets.

4. Grow Your Network

If you don't get yourself out there, no one will be able to recognize your value. Join professional groups, attend industry-related events, meet people working in your dream companies, find a mentor, and so on. Grow your network early and establish those relationships. They will help you if you need to find something new down the road.

5. Take Classes, Courses, And Workshops

The secret to staying relevant? Upskilling. You must constantly gain new, relevant skills in order to stay ahead of the curve. Look for weak areas in your skill sets and find ways to get educated or experienced. You can take classes online or on campus, attend workshops, volunteer, or even take on part-time jobs.

6. Think About Your Next Step

Even if you're in a job you absolutely love right now and have been there for years, you always want to be prepared. Things can change with the flip of the switch and you might be out of a job tomorrow. So, think about your next step. Even if you don't plan on leaving your current job right now, the earlier you get started, the easier it will be to get your foot in the door at another company if/when it comes time.

The key to staying relevant in an ever-changing job market (and in a recession!) is to always look for ways to improve your skills. Learn to embrace new experiences as opportunities to grow, both personally and professionally. By doing the above six things, you'll stay relevant in any industry, no matter how competitive.

Need more help with your career?

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This article was originally published at an earlier date.

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How To Stay Relevant In An Ever-Changing …

Executive Spotlight: How Different Industries Are Reacting To A Shifting Economy

For the first two quarters of 2022, we have seen the market contract. This is considered a sign of a recession. To shine some light on what this means for you, we asked our leading executives how their industry reacts to a shifting economy.

Here are their responses...

Jim Black, Engineering & Technical Executive

For my industry, we are playing things very simply. The aerospace market is rebounding, and our business follows this trend. We are continuing with a growth mindset; however, we are more prudent with capital outlay. As more orders are released, we will make more investments. We are simply being more mindful of what and how we spend until the economy shows an improvement.

Jim Black is an engineering professional focused on the development of technical professionals. He is also a professional bass player.

Carla Biasi, Personal Stylist

Personal stylist helps a client pick out clothes to wear

The fashion industry is focused on sustainability. It's not only good for the environment but helps during tough market conditions. For example, White House Black Market is having a denim recycling event this month. They are rewarding customers for donating jeans they don't wear and receiving credit dollars on their accounts. Other brands are offering similar incentives. This helps fewer clothes end up in landfills and gives shoppers the opportunity to spread their shopping dollars further.

Consignment shops have become quite popular. Clothes, shoes, bags, and jewelry can be sold to stores, and the seller walks away with cash in hand. Jewelry stores have vendors that will buy silver and gold so clean out your jewelry box.

It's a win-win situation for everyone. Prepare for a recession by cleaning out your closet.

Melodie Turk, Learning Experience Executive

Learning and development isnât a necessity (or so they say), so when profits are down, this expense generally gets cut. The learning and development industry usually doubles down on the retention investment argument, which is important but lacks the change in focus to win the battle. Good leaders already know that learning and development can really be an asset, but during lean times the argument loses priority.

What we really need to do is become a partner in adding to the bottom line. If you need to cut staff, the learning team should partner with employees to increase resilience. If you need employees to take on extra responsibilities, the learning team should partner with employees to help them manage their time really well. If you need leaders to take on unique challenges, the learning team should partner with each leader to strengthen the skills they need for that challenge.

In lean times, we sometimes forget the capabilities of learning and development and only remember the regular training and cadence that has been in place. Learning teams can continue that regular cadence staff are used to, which creates stability in a changing environment; while offering new content, specifically designed for the issues at hand.

Melodie Turk is a learning experience executive with a unique background in the learning and development arena as well as change management. She is passionate about bringing change to the workplaceâchange that is meaningful and change that will last.

Lynn Holland, Business Development Executive

Business professional talk during a work meeting

I recently joined a Boutique BPO (business process outsource) provider that caters to small to mid-sized organizations to affordably supplement back-office processes and upscale frontline service, support, and sales.

Here are three ways they give agility and insulate operations in volatile times:

1. Enabling seamless restructuring for staffing

Seamlessly transitioning essential W-2 front line to mid-management staff to 1099s in their respective roles, achieving needed P&L adjustments and business continuity.

2. Delivering the workforce agility of a race car

Swiftly standing up and activating technology, flex staffing, and workforce management for virtual or hybrid operations on demand, seasonally, or ongoing.

3. Facilitating re-envisioned and re-tooled or optimized operations

Delivering efficiency and service excellence in one of two ways:

Pairing an existing process flow, training curriculum, and tech stack with consultative experts, skilled staff, deep analytics, and best practices.
Deploying an expert team to customize and execute the customer journey, onboarding and training process, and tech stack.

Lynn Holland is a business development executive with 18+ years of experience taking operational, IoT & retail technologies, products, & consumer engagement to market with a focus in petroleum & convenience retail.

Lisa Perry, Global Marketing Executive

Recessions are never fun, but it forces marketers to think outside the box, looking at innovative solutions and cost-effective strategies while juggling resources. Here are three strategies to consider during a recession.

1. Donât Cut Spending

Many companies will cut their marketing spending during a recession. Fight the urge to cut your spending. In fact, look to increase your spending. Companies that advertise during a recession saw 256% higher sales. Doing so will help you stand out from the competition.

2. Focus On Analysis & Reporting

With the pressure of longer sales cycles and budget constraints, tracking, analysis, and reporting become even more critical during a recession in order to ensure you prove your marketing ROI.

3. Protect Existing Customers

The cost of retaining customers is much lower than the cost to acquire new ones. During a recession, focus your efforts on your biggest asset, your current, loyal customers.

Lisa Perry helps companies build leadership brands, driving loyal customers & delivering profitability. She does this through a process that builds brands consumers love. Her goal is to help companies develop, monetize, and grow their brands.

Dr. Hannah Hartwell, Learning & Development Executive

Iâve seen considerable changes to the learning and development industry during Q1 and Q2 of 2022, especially around hiring and strategy. Companies are restricting hiring on certain levels. Theyâre also being more purposeful when making hiring decisions to find the right mutual fit. Another trend is to hire for the role, rather than hiring for future roles.

Iâve noticed changes in the strategy and overall company goals. Companies are concerned about the fiscal and political climate. There tends to be a focus on shorter-term projects, rather than to prepare for future projects that donât have an exact start date.

Dr. Hannah Hartwell is a learning and development executive and change management practitioner with 15+ years of business transformation experience in the healthcare, pharmaceutical, higher education, and professional services industries.

Sarita Kincaid, Tech Media Executive

public relations, communication, internet, social media concept

Historically, market contractions have served as a bell weather for potential layoffs in the high-tech corporate communications field (analyst relations [AR] and public relations [PR] fields). Until recently, the old adage about PR and AR jobs during a downturn was that these roles were almost always âfirst to be fired, last to be hired (back).â

However, thatâs becoming less and less true as corporate communications professionals are finally being recognized as essential and strategic to the business, something that the professional has worked very hard to establish.

Iâll use the AR function as an example: for too long, AR work has inaccurately been seen as very tacticalâteams of people that set up briefings, wordsmith research notes, and act as glorified relationship managers. Nothing could be farther from the truth, but education (in any market) can take time. Great strides have been made over the past two to three years as many companies now see AR not as a cost center but one that can help drive sales by educating and leveraging their network of tech purchase recommenders (aka the analysts!)

Sarita Kincaid is a tech media executive with a demonstrated ability to build and grow award-winning programs. She brings a data-driven approach to influencer relations with a focus on developing strong brand advocates and aligning them with sales programs.

How is your industry reacting to a shifting economy? Join the conversation inside Work It Daily's Executive Program.

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