As we enter a recession, it is natural to feel concerned about job security and career progression. However, there are steps you can take to strengthen your position and potentially advance your career even in a challenging economic climate. One important strategy is to focus on networking. YES – NETWORKING YOUR WAY OUT OF A RECESSION IS POSSIBLE… but do not wait until you are laid off or hurting for new clients.
Networking refers to the act of building and maintaining professional relationships. It can involve connecting with industry colleagues, attending industry events, joining professional organizations, and participating in online groups or forums.
Here are a few reasons why networking is especially important during a recession:
- Networking can help you find new job opportunities. Even if your current job is secure, it’s always a good idea to keep an eye out for new opportunities that may arise. Your professional network can be a valuable resource for learning about open positions or connecting with hiring managers.
- Networking can help you stay informed about industry trends and changes. As the economy shifts, it’s important to stay up-to-date on industry trends and changes that may impact your career. Your network can provide valuable insights and help you adapt to new circumstances.
- Networking can help you build your professional reputation. Building a strong professional reputation can open doors to new opportunities and help you stand out in a crowded job market. By participating in industry events and sharing your expertise, you can establish yourself as a thought leader and valuable contributor to your field.
So, how can you build and maintain your professional network during a recession? Here are a few tips:
- Leverage online networking platforms. LinkedIn is a great resource for connecting with industry professionals and staying informed about job openings and industry trends. Other platforms, such as Twitter or industry-specific forums, can also be useful for networking.
- Attend virtual industry events. While in-person events may be limited during a recession, many organizations are now offering virtual events, conferences, and webinars. These can be a great way to connect with others in your field and stay current on industry developments.
- Volunteer or take on pro bono work. Many organizations are facing financial challenges during a recession, and may be looking for volunteers or individuals willing to take on pro bono work. This can be a great way to build your skills, make connections, and give back to your community.
- Stay in touch with your current network. Don’t neglect the relationships you’ve already established. Make an effort to stay in touch with your colleagues, even if you’re not able to see them in person. You never know when a connection may come in handy.
Networking is an important aspect of any career, and it can be especially valuable during a recession. By building and maintaining your professional network, you can stay informed about new job opportunities, stay current on industry trends, and build your professional reputation.
****Thom Singer is a keynote speaker and podcast host. His presentations on trust, accountability, and relationships will transform your next meeting into a powerful interactive conference where people connect with each other more than ever before. Hire the “Conference Catalyst” to kick off your next meeting.