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Tag Archive for: #recessionfears

You are here: Home1 / FSC Career Blog – Voted ‘Most Read’ by LinkedIn.2 / #recessionfears

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#YourCareer : 5 Recession Proof Jobs Revealed (And The List Might Surprise You). Great REad!

October 26, 2022/in First Sun Blog/by First Sun Team

American families are struggling with inflation. As three-quarters of middle-income Americans struggle to support their cost of living, 78% are worried about losing their jobs, while 25% say they’ve been laid off or know someone who has been. Crippling recession and job uncertainty have forced Americans to act, with 40% actively planning a career change, seeking more security and a higher salary.

“Today, the job market moves faster than a Tesla in a ludicrous mode, leaving many bystanders gasping for air,” according to Roman Peskin, co-founder and CEO of ELVTR, an online education platform.

The team at ELVTR surveyed 21,500 Americans looking to change or enhance their careers to discover the top five recession-proof professions, helping workers recession-proof their careers and add value to their job search.

Top 5 Recession-Proof Professions

Here are the top 5 professions that, according to ELVTR, are in high demand—each paying up to around $100,000 a year. This list might surprise you:

1. Product Management

In a world driven by technology, there’s no shortage of innovation or demand for talent in the IT sector, but companies aren’t just seeking technologists. They also require those with product management skills to ensure the success of their products. According to Glassdoor, there are 17,725 current openings in the product management field. IT product managers can expect a respectable salary and opportunities to progress. Offering a pathway into the lucrative tech industry that doesn’t require the ability to code. Average salary, Glassdoor: $96,496 per year

 

Like this Article?  Share It!    You now can easily enjoy/follow/share Today our Award-Winning Articles/Blogs with Now Over 2.5 Million Growing Participates Worldwide in our various Social Media formats below:

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Best Daily Choice: Follow the Best of FSC Career Articles/Blogs @

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Question: Want the ‘the best/current articles/blogs on the web’ on Job Search, Resume, Advancing/Changing your Career, or simply Managing People?

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What Skill Sets Do You have to be ‘Sharpened’ ?

Did you know?  First Sun Consulting, LLc (FSC) is celebrating over 30 years in the delivery of corporate & individual outplacement services & programs to over 1200 of our corporate clients in the U.S., Canada, UK, & Mexico!  

We here at FSC want to thank each of corporate partners in the opportunity in serving & moving each of their transitioning employee(s) rapidly toward employment !

Article continued …

2. DEI (Diversity, Equity, and Inclusion) Management

According to LinkedIn, the number of ‘head of diversity’ professionals has more than doubled since 2015 with companies such as Electronic Arts, Deloitte and Amazon among those hiring. Shown to boost productivity, employee retention and morale, and with 75% of job seekers evaluating a company’s diversity when considering a job offer, investment in DEI management positions will only increase. By mastering skills such as communication, issue identification and conflict management, candidates can secure a career in this growing field. Besides offering a lucrative career choice, such roles are perfect for those hoping to leave a positive mark on our workplaces and society. Average salary, Glassdoor: $89,804 per year

3. Game Production

The gaming industry grew by 26% between 2019 and 2021 and will continue on this trajectory despite the recession, according to PwC, as consumers seek low-cost entertainment. With gaming a favorite hobby among young consumers, this ranks as the most desirable industry among job-seekers as new professionals seek a career doing what they love most. To beat the competition, candidates will need to master scarcely available skills. This is not just an opportunity for those with coding knowledge and experience. To meet demand, the industry will need to recruit a diverse range of skills—from UX/UI to sound engineering, programming to script writing. Average salary, Glassdoor: $87,024 per year

4. Creative Direction

With sector job prospects projected to grow 11% this decade, faster than the U.S. job market average, there is an evident need for art direction skills. A decline is unlikely despite the economic situation as people continue to seek entertainment during tough times and businesses increase their advertising efforts to maintain recognition and loyalty. Opposing the ‘starving artist’ stereotype, art direction roles enable creative types to showcase their creativity with the guarantee of reward. Average salary, Glassdoor: $72,694 per year

5. Data Analysis

With an ever-growing amount of data available to businesses, professionals with analysis skills to transform this into valuable insight are in high demand. According to LinkedIn, data science vacancies have been growing by 37% annually in the U.S. With roles spread across almost all industries, those competent in data analysis have the freedom to pick a role and sector that appeals to them such as banking, healthcare, retail or tech. Also requiring above-average computer literacy and mathematical skills, this is by no means an easy profession, but the rewards are equal to the requirements with even entry-level analysts commanding above-average salaries. Average salary, Glassdoor: $63,731 per year

A Final Word On The Future Of Work

After decades of wage stagnation, the workforce is finally seeking more, Peskin told me. He explained that close to a quarter of employees are considering their options and scrambling to expand their expertise, but so too are thousands of others. “‘Skills inflation’ hits, the supply of candidates increases, and the number of available roles plummets,” he said. “Ultimately, mastering mass market skills are unlikely to improve a job seeker’s prospects. Instead, employees should focus on acquiring skills that are less common among today’s workforce, yet no less valuable and desirable to employers.”

Most of the jobs from the list above didn’t exist 20 years ago, according to Peskin, yet today they enjoy a steady demand despite a slowdown in the economy. “According to our recent research, 40% of people with a college degree don’t believe their profession will be in demand ten years from now,” he concluded. “Lifetime learning is no longer a fancy concept but quite literally a survival mechanism. Learn new skills or get eaten. That’s the deal.”

 

Forbes.com | October 26, 2022 | Bryan Robinson, Ph.D.

https://www.firstsun.com/wp-content/uploads/2016/03/Free-Thinking-Plasma-Ball.jpg 1101 1650 First Sun Team https://www.firstsun.com/wp-content/uploads/2018/05/logo-min-300x123.jpg First Sun Team2022-10-26 15:44:552022-10-26 15:44:55#YourCareer : 5 Recession Proof Jobs Revealed (And The List Might Surprise You). Great REad!

#BestofFSCBlog : Over 12K Reads! Instead Of Worrying About A Recession/Job Loss, Do This Instead. Great REad!

July 29, 2022/in First Sun Blog/by First Sun Team

It doesn’t matter if the United States is in a recession or not. The Federal Reserve Bank chair Jerome Powell, U.S. Treasury Secretary Janet Yellen and President Joe Biden have all weighed in: America is not in a recession, and is headed for a more robust economy.

The current administration needs to make Americans feel confident that although the U.S. may be mired in a bad situation, the country is headed in a more positive direction. The longtime, standardly held definition of a recession is two consecutive quarters of contracting growth. If the Fed, treasury secretary and president all offered a present and future of lower expectations, including continued high inflation, a recession and job losses, businesses would pick up on their lead and engage in massive cost-cutting initiatives to remain solvent.

The current climate is far different than past recessions. Usually, recessions have high unemployment rates. The U.S. is at full employment with a record-low unemployment rate of 3.6%. Businesses are begging for workers. There are over 11 million jobs open.

Also, consumers are spending despite the higher prices. In a recession, it’s reasonable to expect families to curtail their expenditures. Instead, restaurants, bars, airports, hotels and in-person events are packed.

Why It Doesn’t Matter

It’s the job of Wall Street experts, economists and politicians to prognosticate stubbornly high inflation, a possible recession and layoffs. Tune them out, as it doesn’t matter. You don’t have control over these global macro events. The one thing you have is the ability to manage and drive your own career.

It would be naive to think that the litany of woes, such as supply chain disruptions, inflation eating into your paycheck and savings, an endless war in Eastern Europe, constant political in-fighting and a steady flow of announced downsizing, won’t impact your job and career. Despite all the obstacles, you need to block out the noise and look out for yourself.

 

Like this Article?  Share It!    You now can easily enjoy/follow/share Today our Award-Winning Articles/Blogs with Now Over 2.5 Million Growing Participates Worldwide in our various Social Media formats below:

LinkedIn: https://www.linkedin.com/in/chris-g-laughter-b46389198/

Twitter: Follow us @ firstsunllc

Best Daily Choice: Follow the Best of FSC Career Articles/Blogs @

https://twitter.com/search?q=bestoffscblog&src=typeahead_click

Question: Want the ‘the best/current articles/blogs on the web’ on Job Search, Resume, Advancing/Changing your Career, or simply Managing People?

Answer: Simply go to our FSC Career Blog below & Type(#Jobsearch, #Resume, or #Networking) in Blog Search:  https://www.firstsun.com/fsc-career-blog/

What Skill Sets Do You have to be ‘Sharpened’ ?

Did you know?  First Sun Consulting, LLc (FSC) is celebrating over 30 years in the delivery of corporate & individual outplacement services & programs to over 1200 of our corporate clients in the U.S., Canada, UK, & Mexico!  

We here at FSC want to thank each of corporate partners in the opportunity in serving & moving each of their transitioning employee(s) rapidly toward employment !

Article continued …

What You Need To Do Now

Tune out the negative and take a good, hard look at your job, career and the company you work for. Research the financials of your organization. Search online for any developments that could negatively impact your company’s products and services. Request a meeting with your boss. Ask them to share what is going on with the organization. Delve into questions about the possibility of layoffs, hiring freezes and allowing attrition without replacements. You want to know the company’s financial shape and whether or not it can withstand the current challenging environment.

If you sense that your future within the company won’t be too rosy, take immediate action. Put together a résumé and complete your LinkedIn profile. If you’re not sure what to do, reach out to professional career coaches and résumé writers who can do it for you.

Get In Touch With Recruiters

Contact recruiters for assistance. Not all headhunters are the same. Some are contingent, meaning they only get paid by the company if they make a placement. Retained recruiters primarily focus on C-suite and top executives. Staffing firms generally deal with contract and gig workers. You need to know the differences, so you won’t get offended if a retained recruiter ignores your reach out. You’ll have a better outcome if you find a search professional who focuses on your specialization. The recruiter will intuitively understand what you do, without needing a lengthy explanation. Inquire if the search agent has long-standing contacts with hiring managers, human resources and internal, in-house talent acquisition professionals. Good recruiters will have insider knowledge about the people, corporate culture, the type of applicants they tend to hire, salary ranges, bonus expectations and future internal-growth potential. Experienced headhunters have negotiated salaries for years, and can relieve you of this unpleasant exchange.

Seek Out Job Leads Through Your Network

One of the best ways to find hidden jobs that aren’t posted online is through networking. The term “networking” tends to have a negative connotation for many people. Put this aside. You want to tap into the people you know and trust for job leads.

Make a list of friends, family, neighbors, folks from groups and organizations you’re involved with, colleagues, former co-workers, college alumni and others who could potentially help you. Let them know the type of job you desire, a target list of companies you want to work with and the approximate compensation and title you’re interested in.

Asking for a favor can be awkward. Depending upon the closeness of the relationship, make a phone or video call, invite the person for a coffee, drinks or dinner or simply just send an email. Be honest and direct about your intentions. Keep in mind that it’s less uncomfortable than being unemployed or stuck on a sinking ship without options.

Engage On Social Media To Gain Attention

Another act that requires you to get out of your comfort zone is getting involved with social media. Depending upon your job and career, seek out relevant social media platforms. LinkedIn is an excellent way to start if you are a mid to senior-level, white-collar professional. Send invitations to people who may have access to the jobs you desire. Respond to posts from leaders in your space to attract notice. Write your own content to stand out as an expert. For those in between jobs, it’s acceptable to place the #opentowork banner on your profile. However, this one act isn’t enough. Explain why you are seeking a new role and concisely share the responsibilities you held at your last couple of jobs. Be sure to indicate what you want to do next. By doing this, recruiters, HR and others can understand what you’ve done and what you are now looking for.

TikTok and Instagram are go-to sites if you are young and starting your career or work in a creative field. Twitter is a valuable medium to share your expertise and wisdom, attract an audience and let them know about your search efforts. Join job-seeking groups on Facebook. Let your connections know that you are embarking upon a job search and need their advice, guidance and access to leads.

Stay Positive And Manifest Your Bright New Future

The goal is not to let yourself get overwhelmed by all the dire events. It’s easy to succumb to the never-ending barrage of negative news. To combat the doom and gloom, make a practice of staying positive. It won’t be easy. Throughout the day, think of something that worked out well. Have gratitude for all the good things in your life. Beat back ruminations over past failures. Have several mantras to repeat internally when you need a pick-me-up. Try manifesting getting the job you want. On the more concrete side, enroll in online courses that could provide the knowledge, skills and credentials that may help you stand out against other job applicants.

Forbes.com Author: Jack Kelly – Follow me on Twitter or LinkedIn. Check out my website or some of my other work here.
Forbes.com | July 29, 2022
https://www.firstsun.com/wp-content/uploads/2019/12/Man-front-of-building.jpg 280 420 First Sun Team https://www.firstsun.com/wp-content/uploads/2018/05/logo-min-300x123.jpg First Sun Team2022-07-29 15:11:192022-09-02 14:39:02#BestofFSCBlog : Over 12K Reads! Instead Of Worrying About A Recession/Job Loss, Do This Instead. Great REad!

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