Interview Question Why Do You Want To Work In Finance Strategy For Uncertain Times – Stay Prepared

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Strategy For Uncertain Times – Stay Prepared

The financial giant has fallen. A $700 billion bailout plan. Unemployment rate goes up. How do you deal with this economic uncertainty? Suppose your job is at risk. What to do? Stay ready.

As a career coach with significant experience in outplacement, I know that job loss can happen unexpectedly. I regularly advise clients to stay prepared. As we have seen, even companies that have stood the test of time can collapse and send workers scrambling for new positions in a highly competitive job market.

Here are some tips to prepare you for the possibility of losing your job.

o Get your resume professionally written so you can be as competitive as possible in a tight job market. A professional resume writer can present you in the best light and highlight your unique strengths. Some job seekers make the mistake of thinking they can do a good interview, but it’s quite difficult to land an interview without a good resume.

o Brush up on your interviewing skills. A good resume is designed to get you an interview, but you still have to convince the interviewer that you are the right person for the job. A competent career coach can help you prepare for your interview. A career coach can help you distill your answers to frequently asked interview questions into a short statement that showcases your strengths to the hiring manager. In addition, a career coach can help you overcome potential weaknesses that might be used against you in an interview (e.g., gaps in your employment history, short tenure, etc.).

o Know what you’re worth in the market. You can easily find salary information on the Internet through sites such as salary.com and payscale.com. You should also check salary surveys conducted by professional associations. Armed with this information, you’ll know what to expect and ask for when looking for a new position.

o Maintain and continue to grow your network. By joining professional associations and increasing your connections on social networking sites like LinkedIn, you give yourself access to a constantly growing group of people with whom you can forge a mutually beneficial relationship. By getting to know other professionals outside your current employer, you can potentially have a network of people who can give you leads on openings.

In general, many people only know the people they work with professionally. So when downsizing happens, such people have to start building a professional network from scratch because the people in their company usually can’t help them. After all, in downsizing you are the one directly affected or you are one of those people trying to do the work that is lagging behind the people who were downsizing. It’s important to get to know professionals outside your organization before downsizing, merging, or closing companies happen so you can quickly get job information from your network when you need it.

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