A Recession (Probably) is Coming: How to Become Recession-Proof

The sun comes up; it sets. You eat a meal because you’re hungry and you become hungry again in a few hours. You slept yesterday, you’ll sleep again tonight. It’s the way of things.

So are economic recessions. The economy always rises and falls, rises and falls. Always.

Economic recessions occurred in the U.S. most recently in:

Huntington Beach jobs

  • December 2007- June 2009 (also known as the Great Recession)
  • March 2001- November 2001
  • July 1990 – March 1991
  • July 1981- November 1982
  • January 1980 –July 1980
  • November 1973 – March 1975
  • December 1969 – November 1970
  • (There have been several more since the Panic of 1785; the U.S. has weathered almost 250 years of economic recessions.)

Notice a pattern on the list above? Recessions tend to come around about eight years after the previous one ends. The Great Recession ended in June 2009, almost 10 years ago. Many economists believe we are quite overdue for the next one and just as you always will fall back down to earth if you leap up, another recession is coming, possibly as early as later this year (but more than likely some time in 2020).

Many of you may never have experienced a recession in your career (you graduated high school or college in 2010, for example). If so, you may think that this hot candidate’s market will last forever. It won’t: recessions mean that employers cut back on hiring and lay people off. People out of work don’t have discretionary income so businesses lose sales and….lay people off. More and more people are out looking for work. Competition for jobs heats up. Instead of there being more job openings than job seekers as it is now (with 0.9 people available for every opening), things will reverse and you may find yourself competing against dozens of other people who, just like you, need a job.

Do NOT Think it Won’t Happen to You!

Sure, it may not happen to you. But, truly, it could: no one is irreplaceable. And, if you’re one of these types of workers, chances are better that you will be among the first to go if you’re employer needs to save some money.

So how can you make yourself recession proof? Read below.

  1. Remember: It CAN happen to you!!

We really can’t emphasize this enough.

  1. Be indispensable (as much as possible).

While no one truly is indispensable, if you have a reputation of being the go-to guy or gal and the person who gets things done, it’s going to be much easier to lay off your slacker coworkers than it will be to let you – you dynamo, you – go.

In a similar vein, the more of a utility player you are, the better. If you can do many things (for example, in marketing you write copy, perform market research, you LOVE data, etc.), the more tasks you’ll be able to do when your department has fewer people. The more you can be a Swiss Army knife of skills and abilities, the more your manager will see you as “Hmm, I can let Josh and Emma go, and then Tyrone can take up the slack,” the better chance you have of surviving.

  1. Start networking. Now!

Relationships count in a recession. You should start cultivating strong relationships with good people throughout your organization. You also should – if possible – strengthen your relationships with any clients your business serves (“We can’t let Charlotte go; the XYX account LOVES her!”)

Also start reaching out to peers within your industry and forge relationships. Be of help. Offer your expertise. Remember: LinkedIn is your new BFF.

  1. Keep your skills up to date.

Never become complacent. Always be learning, especially when it comes to technological tools. Doesn’t matter if you’re 50, 35 or 25, if you don’t know something, be amenable to feeling awkward and stupid while you learn it. Regardless: do it!!

To paraphrase Game of Thrones: Recession is coming. Prepare yourself.

Another way to get ready is to start cultivating relationships with recruiters, including staffing recruiters. As one recruiting professional told a laid-off worker during a recession years ago “The best time to reach out to me was before you needed me.” Harsh? Yes. But true.

Send in your resume/cover letter. Be nice when a recruiter contacts you about an opportunity. Follow him/her on LinkedIn and offer value when you comment on a post. Go ahead and ask for advice (don’t expect a really detailed answer and say thank you when it’s given). Have you ever ghosted? Those days are over!

For more information on how we can help you now and in the future, contact the Helpmates branch nearest you.

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