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Surviving a Downturn
Managing your career in an unstable economy
Don't panic!
© iStockphoto/bunhill
Economic highs and lows move in cycles.
We see "boom and bust," ups and downs, over and over again.
This doesn't mean that your career has to
follow the fortunes of the economy exactly, though. There's a lot
that you can do to maximize your chances of staying employed
during a recession, and to ensure you're best placed once things
pick up again.
And here's the most interesting part: Most of the strategies you need are
useful during a strong economy as well. Anything that pushes you to pay closer
attention to your environment, and makes you a
more valuable member of staff, is good – no matter what.
The Two-Part Plan
A good strategy for an economic downturn
involves two basic elements:
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