Managing Your Career in Uncertain Economic Times

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The economy has everyone scrambling to figure out their long term life plans.

If you’re not worried about your financial future, then you’re wondering about the state of your current career path.

With businesses cutting back on employees and tightening their belts, it’s only logical that you’d take a step back and assess your future as a professional.

But how exactly do you manage your career amid such uncertain times?

How wise would it be to change jobs or to alter the trajectory of your career path
in a market where jobs are so scarce?

Let’s take a look at your options…

Assess the Pros AND Cons of Your Current Position

First it’s critical that you fully understand where you are in your career path. This kind of self-evaluation will vary widely depending on your age, your current job, your education and your experience.

Someone who has recently graduated from college with a Liberal Arts degree might not have the same kind of professional mobility as a seasoned HR professional with over 15 years of experience in the industry.

This isn’t to say that the recent college grad is in a more enviable position than the HR professional or vice versa, it’s just that they have vastly different goals as they continue their careers.

Let’s continue the example contrasting the college grad and the HR professional as they manage expectations for their respective careers.

The College Grad…

The college grad has the following cons to consider…

  • they have limited job experience which limits them to entry level positions
  • they’re fighting for jobs with millions of other college graduates and
  • they probably don’t have a fully formed idea of what they want in a career

However, there are pros to their position

  • they have the freedom to choose an entry level job in a variety of trades
  • they’re more desirable to employers looking for new talent and
  • they have an eagerness to perform and prove their worth

The Seasoned Professional

On the other side of the spectrum, the HR professional has the following cons to consider…

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  • they’re pigeonholed by their resume into one profession
  • they might lack certain skills desired by start-ups who want younger employees who understand the latest trends
  • they might overvalue their skills and miss out on job opportunities from employers that offer less than they’re willing to work for

But the HR professional might have a stellar resume combined with their considerable experience, and they’ll certainly know much more about the nuances of their industry than someone fresh out of college.

Assessment is Crucial

Familiarizing yourself with your pros and cons as a professional will make it much easier for you to assess your opportunities in an uncertain job market.

If you know your strengths, you can play to them and make yourself that much more marketable to potential employees.

Knowing your weaknesses will be equally important and that knowledge provides you a starting point for personal improvement.

Where do you want to be?

The big question looming over all career management strategies is this…

Where do you want to be?

In 1 year, 5 years, at retirement…

Where do you see yourself?

Where do you want to be in your career?

If you set clear goals for every few years in your career, you’ll provide yourself with a convenience framework with which you can build a solid life/career plan.

This is just as important for industry veterans as it is for green college graduates.

Even if your career plan reads like a fantasy book, it still gives you some frame of reference from which you can plan the next phase of your career.

 

The job market may be uncertain, but that doesn’t mean that you have to remain uncertain about your ambitions for your career.

Take responsibility of your career path by being proactive about its future, and you’ll start to feel more in control of your position in life.

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Lauren Bailey

Lauren Bailey is a freelance blogger who loves writing about education, new technology, lifestyle and health. As an education writer, she works to research and provide sound online education advice (see bestcollegesonline [dot] com). You can reach Lauren by leaving a comment below or via email...

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