The coronavirus has caused significant disruptions in every sector of the global economy, from travel to paper products. For the foreseeable future, everything related to employment will be altered. However, we are facing a radically different scenario in the midst of corporate closures. If you know how to spot it and prepare for it, there is potential there.
The criteria for selecting good applicants are changing. We live in a world where the ability to pivot on a dime and collaborate with people from many walks of life is essential for success. After all, teaching someone how to be credible, work well with others, and develop trust quickly is much easier than teaching them how to be credible, work well with others, and develop trust quickly. So, how will this affect what employers look for when making recruiting decisions?
Degrees will no longer reign supreme. A skilled workforce will always require education. College degrees will continue to be required for certain jobs and are a wonderful way to invest in your education. However, for non-licensed employment, such as many leadership roles, they are gradually becoming less of a requirement.
Transferable talents are more important than ever before. We’ve been conditioned for almost a century to believe that our work experience and titles are more important than how we complete our tasks. Transferrable skills, on the other hand, are where the gold is. The main characteristics that make someone stand out in their career are how we work through challenges in the face of seemingly insurmountable hurdles, connect with others, especially when in disagreement, and come up with creative solutions when resources aren’t readily available. Those abilities aren’t as prevalent as you may expect, and they’re much harder to learn in some cases.
Professional maturity and experience are in high demand. It helps to have a foundation in business and customer service when shifting from one industry to another. In times of uncertainty, those who have seen how organizations work, have learned some valuable lessons, and can handle pressure from a mature position are essential. Gone are the days when a person’s age determined whether or not they could perform a task. Age is nothing more than a number if you know how to deal with change.
It’s not a good idea to wait until you’re unemployed before you start networking. Workers should instead be constantly developing new connections and preserving old ones. Not only will networking speed up the job search, but it will also serve as a stepping stone for those considering a complete career change amid difficult economic circumstances.
Not sure where to begin when it comes to networking? Make contact with former coworkers and arrange a quick meeting or a cup of coffee. Then, to expand your network, consider joining local groups and attending monthly mixers. Using networking services like LinkedIn to stay connected (or make introductions) can make expanding your network practically effortless.
As firms gain more power in the job market, we’ll soon see a move to a buyers market, with a large and expanding pool of applicants, shrinking hiring budgets, fewer vacant positions, and fierce competition among candidates. Because the open job market is drying up, C-suite job searchers are having a harder difficulty finding work. As a result, it’s critical that you understand the Hidden Job Market and how to navigate it. Learn how to find hidden employment and how to keep them safe.
New executives understand their brand, let alone how to sell themselves, especially those who have worked for a long time at industry-leading businesses in the IT, FMCG, and luxury industries, to mention a few, expecting that if they quit, the market will eat them up.
The location is no longer a deciding factor. The fear of virtual teams is being forced out of our mindset as more and more enterprises are forced into a work-from-home environment. We will never put that genie back in the bottle because remote employment has arrived. This will surely extend the panorama of candidates’ previous geographic restrictions.
People want to hear about the “good times.” If this describes you, be cautious. Recessions are tough to anticipate, but they will happen eventually. They are part of the global economy’s natural ups and downs. The underlying issue is a lack of readiness. If you don’t act now, you’ll find yourself facing closed doors during a recession. To prevent being a victim of restructuring or other rightsizing actions, rethink your positioning and branding, as well as your go-to-market strategy, in light of deteriorating conditions.
Check out my related post: Why do people job hop?