Let me make this clear: Currently the Australian job market isn’t good at all unless you are in the mining industry – and even then, base metal prices have been on a decline and cost of production has risen dramatically. With the strong currency, it’s not difficult to figure out some companies are operating on their knees with weak internal demand and high fixed costs.
I won’t go into details on the economic aspect, but I genuinely suggest everyone, whether you are at the top of the company or the lowest level employee, should prepare to make the change from employed to unemployed.
Whether you are happily working at the moment or you have the urge to get prepared before anything hit the fan, you should do three things.
- Keep your resume up-to-date. It’s fantastic that you do not need to use it, but when you do I can guarantee you will want to have it ready to throw out whenever you need assistance. Make sure you identify your accomplishments and achievements as they distinguish you from the crowd.
- Ongoing networking. Always take the opportunity to expand your network and add people to your contact list or LinkedIn – and keep in touch. Remember to offer to help others when you can; relationships are about give and take and what goes around eventually comes around.
- Keep tracking necessary skills related to your career. There are jobs that simply didn’t exist just a few years back and skill sets are being eliminated by the latest technology every day. Ensure you maintain a unique value proposition at all times.
We seem to have turned the corner after the global financial crisis, but we should not relax quite yet. The worldwide economy remains deeply depressed. I don’t want to make it sound grim but the US and Europe markets are not even remotely okay and Australia has not established a strong bond with Asia.