Riding the Wave of Recession: How Freshers Can Get a Job In 2024

Job hunting is always challenging. But it gets even more challenging during a recession. Without a proper plan and guidance, you may struggle for months to grab a job opportunity in this challenging job market. In order to survive the recession, you need to prepare and strategize well.

It covers the following topics:

What is a Recession and How Does it Affect the Job Market?

A recession is a slowdown in economic growth ?? and is generally identified by a decline in GDP for two consecutive quarters. A recession is usually accompanied by a rise in unemployment. And global economic downturn forces companies to cut costs, which leads to widespread layoffs and hiring freezes. Companies sack employees as a way to compensate for these losses.

Answer These 3 Questions Before You Start Looking for a Job During a Recession.

Here are some questions ?? that might be crossing your mind these days:

1. Are there jobs available on the market when almost all tech giants are laying off employees?

2. Do companies hire during a recession?

3. How to find a job during a recession?

No doubt the recession has affected the tech industry badly but are all industries suffering during a recession?

Of course, NO!

All recessions are accompanied by recession-proof industries.

Focus on industries that are hiring instead of focusing on industries that are not actively recruiting. For example, the biomedical and consulting industry is hiring in bulk even in this dramatic economic and geopolitical downturn.

How To Find a Job During a Recession?

1.Update Your Resume.

Take a look at the recent resume templates available on the market and then prepare your resume.

Create an ATS-compliant resume by adding relevant keywords, and standard titles and avoiding spelling mistakes and grammatical errors.

Customize your resume for every job role you are applying for.

2.Find the Best Opportunities on LinkedIn.

Do you know?

Every minute 3 people get hired on LinkedIn and 95% of recruiters use LinkedIn to find candidates for their companies. Also, LinkedIn has helped 122 million candidates get an interview opportunity.

Update your LinkedIn profile.Tell the World You Are Looking for a Job.

Reach out to hiring managers on LinkedIn and inquire about job openings in their companies. Similarly, you can reach out to employees of your target companies and ask for referrals.

Create a post and share with your network that you need a job. You can only get help if you ask for it.

Bonus Tip ??: You can simply start your post or tweet by saying “Looking for a job” or “Open to work opportunities”. So your community can easily identify your purpose for posting.

Seek Career Guidance and Mentorship.

Everybody needs a mentor at some point in their career. And when the situation is so uncertain, it is important that you have someone you can discuss your career insecurities and challenges with. Don’t force yourself to deal with everything alone. If you feel like you are stuck and need the extra push to get started — seeking mentorship can be the most effective option.

The Opportunity for B.Tech Freshers

It is a valid concern for B.Tech freshers to wonder about the potential impact of an upcoming recession on their job prospects. While it is difficult to predict exactly how the job market will be affected, it is wise for them to prepare for potential challenges and focus on building skills that are in high demand.

Attention B.Tech freshers: Indian IT companies still need skilled professionals for their projects, but cost cutting and lower pricing may lead them to prefer hiring entry-level engineers at lower rates. Therefore, freshers who focus on developing specific skills before applying for jobs may have a higher chance of getting hired, even if a recession occurs.

Some strategies for engineering students seeking their first job in the IT sector include :

Identify skills in demand : As an engineering student seeking your first job in the IT sector, it is important to research and understand the industry requirements. This can be done by looking at job postings, talking to industry professionals, and keeping an eye on emerging technologies. By identifying the skills that are in high demand, you can focus your efforts on building those skills and increasing your chances of getting hired.

Research on companies : Once you have identified the skills you want to acquire, research companies that are working on those skills. Look at their LinkedIn profiles, find their employees, and check their skills and resumes. Reach out to them and ask for guidance or tips. This can give you a better understanding of the companies and the types of professionals they are looking to hire.

Choose a right mentor and course: Choosing the right mentor and course is crucial for gaining hands-on experience in the skills you want to acquire. Hands-on experience can play a major role in clearing interviews and performing well in your probation period. Make sure the course you choose provides real-world applications and case studies, and the mentor has relevant experience in the field.

Prepare your resume accordingly. Once you have acquired new skills, make sure to update your resume to reflect them. Instead of listing only your academic subjects, tailor your resume to include the new skills you have learned and mention a couple of projects you executed during your training period. This will make your resume stand out and show potential employers that you have relevant experience.

Apply for right companies. Finally, apply for companies that align with the skills you have recently acquired. This will increase your chances of getting hired and starting your career in the IT sector.

Be prepared for the unexpected while hoping for the best. Job search in 2024 is certainly difficult but not impossible.

Remember:

Not all departments are sacking employees!

Hiring freezes are not implemented by all companies!

Not all industries struggle during a recession!

A smart strategy can actually help you land a job even during a recession.

All the best!

“What makes a difference between candidates who succeed and those who don’t is successful people don't give up in days of struggle and frustration. Instead, they keep trying until they reach their goal.”

With Confidence ??

Dr Deepa Yadav