When the economy is weak, it may be more difficult to secure a job when companies are cutting back on expenses but this doesn’t mean that your job-hunt is doomed to fail. We share with you tips on how you can still score your dream job in a weak economy and debunk common myths about job hunting in an economic downturn.
The good news: Not all industries will be affected
Despite the economic downturn, some industries are likely to remain unaffected and others may even thrive, says Julia Ng, senior executive coach at Executive Coach International. She’s talking about those whose services people and companies need, regardless of the economic situation. Think the healthcare, education, accounting, military, digital marketing and property management industries.
And that pool is set to get bigger, now that 23 industries—such as retail, logistics and security, to name a few—are earmarked by the government for further development.
Under its $4.5 billion Industry Transformation Programme, roadmaps will be created to help these industries grow and become more competitive. Companies will benefit from this, but more importantly, workers can expect new and redesigned jobs, with better wages and training opportunities.
Knowing what jobs are out there—and deciding what you want to do—is the first step. The next: increase your chances of landing that coveted position. Paul Heng, executive coach and founder of Next Career Consulting Group, Asia, shares his tips.