5 Ways to Recession-Proof Your Career

It can be nerve-wracking when the news is constantly focused on the skyrocketing rate of inflation and the threat of a recession. The good news is that there are steps you can take to be resilient in the face of challenging economic times. And you don’t have to wait until things get bleak.

“The work we’ve been doing together over the past few months has really paid off.” - Senior-level career coaching client        

What are 5 ways to protect your career against inflation and recessions?

1. Lean into your skills and keep them relevant
2. Regularly engage with your network
3. Make sure your resume is up-to-date
4. Diversify your income
5. Advocate for a raise

Check out this blog post for specifics on how to make your career resilient, even during tough economic times.

Let’s cover a couple key terms.

What is inflation?

According to The New York Times, “inflation is a loss of purchasing power over time, meaning your dollar will not go as far tomorrow as it did today. It is typically expressed as the annual change in prices for everyday goods and services.”

What is a recession?

According to Forbes, “A recession is a significant decline in economic activity that lasts for months or even years.”

Safeguard your career

With recessions often come widespread, massive layoffs. There’s no time like the present to safeguard your career against inflation and recessions.

In the comments, share what steps YOU'VE taken to be resilient in your career.

Read more in the full article.