How to manage your career in declining markets
What happens when your job performance is outstanding, but your field is on life support? If you’re a Print Journalist or a Telephone Operator you may feel uncertain about your future. Working in a declining industry can make it difficult to earn a living and limit your opportunities.
While different kinds of businesses have come and gone throughout history, the pace is picking up. A recent study by the employment website CareerBuilder found that 121 occupations in the U.S. are expected to lose jobs by 2023, and middle-wage positions will represent 58% of that total.
If you want to enjoy financial stability and a rewarding career, it’s important to prepare for such fluctuations.
Study these tips on what to do if you’re working in a shrinking industry or hoping to stay in high-growth fields.
Tips for Working in a Shrinking Industry:
Tips for Avoiding a Shrinking Industry:
Working in a declining field can be challenging. However, you may find opportunities to take on greater responsibility if you find yourself in the center of a major transition. You can also protect your career from downturns by sharpening your skills and strengthening your network.