While it's not here yet, 9 out of ten economists agree…it's coming. It's likely to be official by the end of summer. How will this affect your career plans? Since a recession is defined as 2+ consecutive quarters of negative GNP growth, we won't know if we're actually in a recession until we're already there. After 1Q08 & 2Q08 final GNP numbers are reported (probably by late August) you should expect the "R" word to be a reality, according to a 2/13/08 New York Times article. This post goes hand in hand with my earlier tribute to The Clash – "Should I Stay or Should I Go", discussing the decision managers and professionals make in deciding if they ride it out, or find a new job. The good news is that there are there are lots of jobs out there NOW – the immediate job market remains strong. So let's say you're miserable, but yet you see a recession on the horizon. What do you do? Where are your risks? You have risks either way: Risk of staying: - If you are miserable, you won't be performing your best. - If you are underperforming, and so is your company, there's a bulls-eye on your back - If you don't get along with your boss, the bulls-eye is there also Risk of going: - Your chance of landing a comparable or better job decline during a recession - You have a limited time to land a job before the recession is official - When you do get a new job, you've got low seniority, so you're at risk if the company has cutbacks While this might not be the best time to just up and quit, without another job to fall back on, the job market IS still strong now. If you can do an all-court press on nights and weekends while still performing on the job, you can still land a strong career move now. But you'll want to start NOW. So if you decide to make the move now…get going. Get your resume updated, make it relevant to today's job market, and get it out there. If you have to keep things quiet, post a confidential resume with your name and company name as confidential. And please…use modern techniques – individualize your resume to the job, forget cover letters, use key words, and include details over generalities. If you’d like more information, a free 30 minute resume consultation, or some advice about your career transition, just email your resume to reCareered at phil.rainmakers@gmail.com, and we'll schedule a time to talk.

http://recareered.blogspot.com/2008/02/how-does-upcoming-recession-affect-your.html

Phil Rosenberg
President, reCareered & Rainmakers Global
Blog: http://reCareered.blogspot.com

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