dcsimg
 
 

Selecting a Recession Proof Career

By Anonymous
 


Even during times of recession, businesses continue to run, companies continue to be formed, products continue to be launched, and if you're in the right field, then you can be part of this growth as well. Yes, it is possible to have a career that's going places, even in a global recession. All it takes is some careful career planning that will steer you in the right direction.

Some industries and fields are definitely safer than others and it is important to be part of their growth and safeguard your career and increase your earning potential. The key fields to watch out for steady growth options even in these recessionary times are healthcare, clean technology, the federal government, information technology and, to some extent, sales and marketing.

According to Jon Bender, a managing partner with PrincetonOne, a recruiting firm based in New Jersey, goods and services are required even during a recession, so healthcare and the pharmaceutical industry should continue to fare well. As the baby boomers age, they will increasingly need health services, so jobs in the fields of physical therapy, pharmacist, biosciences, occupational therapy, physician assistant, residential care facilities, outpatient centers and day care will continue to be in demand. Those with specialized training such as RN, nurse practitioners and critical care givers will see a steady rise in available jobs. All of these jobs require specialized training, so employees will be building a good base to start on.

In general, the entire health care industry is likely to see steady growth. Sales and Marketing positions related to the pharmaceutical and health care industry will also remain stronger than for other fields. The essence, as Kevin Donlin, the man behind The Simple Job Search program puts it, is that anyone who creates money or saves money for a company should be safe.  Click the following link for further information regarding Nursing Degrees and Certifications Explained.

The energy and utility industries will remain stable and are a good option during this period as well. Consumers might cut back on their usage, but in general the need for utility maintenance and administration and specifically for finding more efficient sources of energy will continue to grow. Specialized degrees in this field will be highly coveted. Clean or green energy companies will continue to grow at over 25% over the next ten years, which is good news for hydrologists, ecologists and environmental chemists.

The federal government is a great option during recessionary times. Roughly 2% of the US workforce is employed by the government, all of whom enjoy great salaries and benefits. Very few federal employees lose jobs during a recession or otherwise, making it one of the safest career choices. The range of jobs within the federal government is vast and keep in mind that there will be lots of positions opening up as baby boomers retire.

Education is another good option and teachers careers will continue to be stable and might even increase, as many of those who have been laid-off go in for higher education and specialized diplomas. The demand for teachers in science, math and languages is going to rise. College enrollment has been increasing, which will mean more teaching jobs on college campuses. This is especially true for states such as Nevada, Texas, Arizona and Georgia, which are seeing a greater increase in population.  The following article Student Enrollment: Salient Features outlines demographics and trends of today's student population .

Joining a public safety career is a great option, as layoffs are extremely rare in the military, police or fire departments. Private security guards will also be in demand as retail stores see an increase in shoplifting during recessionary periods.

Fields such as accounting and financial law firms will likely see a steady amount of work, as a recession increases their workload. In some cases, even consulting firms might see an upswing, but it is completely dependent on the area of their focus. Related fields such as debt collection, foreclosure and repossession generally see a rise in work as well. Fields that caters to repairs of cars, homes or any other kind will see a good amount of business, as people tend to repair instead of replace during economic downturns.

The hardest hit in the recession are manufacturing, retail, construction and investment banking. The key to job security in such times is to have the right training, so make sure you have diplomas or certification programs which can safeguard your job. Having a general liberal arts degree is not a good idea, as employers look for people with specialized degrees who can get the job done. So instead, go for a certificate course or diploma that has some on-site training as well. 

Additional related articles and information:
Trainingpd.suite101.com
Suite101.com
Payscale.com
Kiplinger.com
Bls.gov

Return to Educational Articles and Resources>>

 
You might also like