Many anticipate that the recession is getting worse rather than better which means that employment will continue to be impacted by the declining economy. It’s no surprise that many anticipate this to change the face of traditional employment. One such individual is Lauren Porat, founder of Urban Interns, who was the subject of an article written by Rebecca Still, columnist of Entry-Level Rebel for BNet.com. Porat predicts full-time positions to decrease with part-time positions becoming the more common method of employment. She suggests looking at part-time employment as a potential option for sustaining fiscal health.
In another article by Stillman, she acknowledges an increase in job hopping, moving from position to position and company to company in efforts to maintain employment and professional fulfillment. While some argue the trend is common in Gen Y workers, Stillman sites a survey that noted a similar pattern in Baby Boomers. Considering the current job market, this could be a financial strategy in maintaining employment.
For some, now may be the perfect opportunity to change occupations. Many find that a current position doesn’t offer the satisfaction or the financial stability they desire. Or, perhaps, the company anticipates laying off workers; in this, individuals are forced to prepare for potential unemployment. Some see this as an opportunity to train for a position in a different field, using the recession as the chance to transition to another career.
Temp work is another option many are taking advantage of. No one likes to be jobless, and in this day of employment uncertainty it can be difficult to find a full-time position that enthuses and impassions you. But if you’ve been looking for awhile and have run out of leads, you may consider temporary work. Because while temp work has had the reputation of being thankless and unpleasant, there are many advantages you might consider: earn money while looking for a more satisfying situation, sample different organizations and positions to see what’s most favorable, showcase skills to potential employers, network with new people, and select a more flexible work schedule.
And finally, you could always work for yourself as a freelancer. The recession has changed the workforce, driving many into self-employment out of necessity rather than choice. And the truth is, many employers are looking to outsource key functions within their organization as means of saving money. Accounting is one of those functions that is easy to outsource. If you’ve ever wanted to start your own practice, it’s important that you do so on your own terms, as the result of strategic planning and foresight. Waiting for a pink slip to “inspire” your entrepreneurial spirit will launch your startup prematurely and on shaky ground. Consider taking the time to prepare for life as a contract accountant.
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Stillman, Jessica. “Is the Future of Work Few Full-Time Jobs?” 1 Oct. 2010 BNet.com
Stillman, Jessica. “The Truth about the Generations and Job Hopping.” 30 Sept. 2010 BNet.com