Here’s Why You Don’t Have To Be Afraid Of Changing Jobs In A Bad Economy

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.

More from CLEO:
Do I Need A New Job Or Am I Just Having A Bad Week?
Thank U, Next: 10 Reasons Why You Should Throw Letter Even If You Don’t Want To
Don’t Ruin Your Career By Saying These Things To Your Boss

1. Start a job search “campaign”

You have to have a strategy, something that is proactive, definitive and structured (don’t just wait for job ads to be placed!). Make a list of the companies you want to work for, find out who you can contact, tailor your applications to suit the different companies and, most importantly, follow up after you’ve sent in an application or had an interview. Send your contacts thank-you e-mails, and get in touch with them at a later stage to check for updates on the position.

2. Go the extra mile.

Do what the competition would not think of doing or cannot be bothered to do. For example, network as much as you can to help build your professional connections and send customised Linked-in invitations to potential hiring managers.

3. Don’t lose confidence in yourself.

Don’t let rejection letters—or the lack of callbacks—stop you from keeping up the job hunt. Stay focused and, when you’re not busy sending out job applications, do things that make you feel good about yourself.

Myths about looking for work in an economic downturn


As you search, it’s easy to lose hope and believe what others tell you about finding a job in a weak economy. Despite the negative economic outlook, remember that jobs are still out there, your skills are still in demand and employers are still willing to pay you what you deserve. Scroll through the gallery to read our experts have to say about five common myths.

Text: Sasha Gonzales / Her World / March 2017
Images:, Unsplash

Latest in Adulting