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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