It’s not news anymore. We are officially in a recession and people are being laid off everywhere. At first, it looked like the IT sector was going to come through this relatively unscathed, but that is no longer the case. Microsoft, IBM and Intel all announced job cuts this week.
In 2008, the US economy shed 1.2 million jobs. 10% of those jobs were Information Technology jobs. As of December, over 100,000 IT jobs had been lost and it doesn’t look like the situation is going to get better any time soon.
The current economy makes it a bad time to be isolated at work. Many job cuts are being announced every single day, making it critical that you build your network of co-workers, colleagues and acquaintances up to provide a safety net if your job situation is ever in jeopardy.
You Need People and You Need Information
Are you missing out in information at the office that could be critical to your career? You may be a hard working employee who eats lunch at your desk and prefers reading another IT book to attending company parties.
However, knowledge is power. Networking within your company prevents you from being the one who is always the last to know about major changes that may impact you, your team or the organization.
Being laid off usually comes as a shock to most people that it happens to. This is even more the case if your company does not make a public announcement of its intentions to cut jobs.
However, the layoff decision is rarely made the morning you get your pink slip. Managers are often given weeks within which to select the people who will be laid off from their teams.
2009 is proving to be a big year for online learning as more tech professionals enroll in web based, video based, distance learning programs to improve their skills and employment prospects.
I have compiled some predictions from learning experts, coaches, trainers, educators and training providers published in the eLearn Magazine
Allison Rossett, San Diego State University, USA: … today, in these harsh economic times, there is pressure to reduce costs. Technology is favored over registrations in hotels and hours in classrooms away from customers and clients …
No doubt you already know how the recession affects the Gross Domestic Product (GDP), Unemployment Rate or Stock Market. So, I won’t waste your time by repeating all that bad news.
What I would talk about is what really matters:”how you or your loved ones can protect your finances by staying employed in this recession!“
The best way to keep your job in a recession or to find a new job easily is to become “The Most Over Qualified, Under Paid Professional” on your team.
Here is why becoming over-qualified and under-paid work hand in hand to protect your career:
Recession Proof Your Career
Is the US economy already in a recession?
Will the weakened US economy affect the global economy leading to a recession in Canada, Europe, Asia, Australia and perhaps other international markets?
Should you really care about a recession and how it will affect your career, job or income?
How About A Refresher Course On Recessions?
If you do not quite realize what a recession looks like, perhaps you can do with this refresher on the last recession to hit the US economy in 2001.