Survive the recession with a little proactiveness and planning. Heres a simple guide on what needs to be done during this period of uncertainty for job seekers.
2. rockinterview.in
Experts have predicted a recession owing to the
development of Nation-wide lockdown. So instead
of dreading the inevitable, whats important is to
keep your heads high and plan to walk through the
storm with a plan.
2.6 Million Americans have lost their jobs and India
is expected to follow suit in no time. The only thing
we can focus on is PLANNING and staying ahead
Brace the inevitable
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Just when millennials were beginning to establish
stability, COVID-19 struck the whole world, creating
a dent in our economy that will lead to recession, if
things persist.
Millennials are growing to be jaded during these
dif鍖cult times with nothing but a vague mirage of a
shaky market that awaits us on the other side.
Handle imbalance and unemployment
SOURCE: https://www.vox.com/first-person/2020/4/8/21211993/coronavirus-recession-millennials-covid-19
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An unprecedented rise in unemployment
Unemployment insurance claims by week
Whats it looking like in other parts of the world?
SOURCE: https://www.vox.com/first-person/2020/4/8/21211993/coronavirus-recession-millennials-covid-19
Week ending on
March 287,000,000
6,000,000
5,000,000
US Recessions
4,000,000
3,000,000
2,000,000
1,000,000
1967 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020
6.648M
Week ending on
March 21
3.307M
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Some points to keep in mind, before applying to
work in a new company/sector are as follows:
Learn what are the safe jobs - Calculate
the risk factor
Skills to hone - Make a list of things
youll need to be equipped with
A back-up plan - This will come of help
in case all fails
A similar impact in India calls for
An action plan
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All over the world, large groups of professionals
have been laid off, and employers are left with
no choice but to. So howd you handle your
phase post this?
Study your companys severance for employees.
Schedule a meeting with the HR to discuss
possibilities thatd be in your favour.
It pays to be proactive. Talk to your employer
and discuss an alternate position as a
contractor, consultant or a freelancer.
Referrals are a big leg up! Try to gauge a decent
referral for you to move on.
What if you are laid off?
7. rockinterview.in
Play it smart and keep ahead of the crowd.
With the power of the virtual connection we have
at the moment, we can put web tools and all the
knowledge we have access to, to 鍖nd what we
are looking for.
All it takes is for you to be smart and proactive!
And thus our verdict to
all those who are looking
for the silver lining is that...