Surviving Recession

The challenge of recession is nearly set to end. But that doesn’t mean that life will be a lot easier today. Finding a job during recession is relatively difficult. The unemployment rate is still projected to reach double digits in a few months as more companies are asking for bail-out or at least bankruptcy protection.

But the scenery in job hunting is changing. Recession has a way of shaping the industry which will lead to opportunities. Surviving recession today is a lot different a few months ago because there are new opportunities created by various agencies and industries around the world.

Focus on Green Industries

Recession has been used by the government to push for more green technologies. This has lead to aggressive selling of hybrid and electric cars. The "Cash for Clunkers" program has allowed millions of consumers nationwide to purchase earth-friendly vehicles.

This focus on earth friendly vehicles has created a new career for those who are expert in two fields: the green tech and automotive industry. The demand for expertise on hybrid cars is increasing. This career is focused on mechanics but it will slowly affect other jobs and open more opportunities.

The Improving Housing Industry

Another industry that’s slowly improving is the real estate industry. The government is pushing for tax breaks for those who are purchasing properties for the first time and they are aggressive in offering refinancing options for those who wanted to save their property from foreclosure.

But don’t think that the improving real estate industry is just for real estate agents. Everyone working in the real estate industry will most likely enjoy some improvement. Those working for home improvement will experience improvement in the coming months and other support services related to the real estate industry will also improve.

Learning Opportunities

Because of the stimulus plan created by the government, various jobs have been created. However, matching the specific skills for the job has been relatively challenging. There are available jobs but they are only available to few individuals since many do not have the skills.

To deal with this problem, the government has offered various training programs around the country. There is also available assistance for those who wanted to have short training for various skills needed in various industries. This might still require you to pay but the assistance offered could help you save on fees or even obtain the training for free.

Smart Business Opportunities

Last but not the least; recession has also opened to create business opportunities. If you’re currently out of work, it’s the best time to experiment a little bit by starting a small business in your area. Focus on skills based services so that you don’t have to spend anything on materials since you’re using your skills. By offering services instead of products during recession, you’ll be able to earn and eventually survive recession. This might even lead to something big once recession is over because of your experience in the business.

Editorial Team at Geekinterview is a team of HR and Career Advice members led by Chandra Vennapoosa.

Editorial Team – who has written posts on Online Learning.

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