facebookIs there such a thing as recession-proof jobs? i.e. a job that will never have pay or bonus cuts? If not, what should those in the recession-hit industry do, other than upgrade or take on part-time and temporary jobs? - Seedly

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Anonymous

01 Jul 2020

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SeedlyTV

Is there such a thing as recession-proof jobs? i.e. a job that will never have pay or bonus cuts? If not, what should those in the recession-hit industry do, other than upgrade or take on part-time and temporary jobs?

In recession-hit job - hotel industry. - Sharon Lim

SeedlyTV S2E03

Discussion (10)

What are your thoughts?

Micheal

Micheal

01 Jul 2020

Marketing and Management at University of Essex

I do think there are some recession-proof jobs. Here are some examples.

  • Medical Professionals

  • Mental Health Providers

  • Law Enforcement

  • Internet Professionals

  • Senior Care Providers

  • Pharmacists and Pharmacy Technicians

  • IT Staff

  • Teacher

Besides those recession-proof jobs, there are some companies that are even thriving in this recession such as Fairprice Online, Foodpanda, Grab Food, Zoom, some grocery stores, online shopping platforms such as Amazon and a lot of other examples. If you are working for those companies in whatever major, you will feel safe. There are always some people who are suffering because of the recession and some people who are safe, not to say make even more money than normal.

I don't what exact situation you are facing, so I cannot give you any deep recommendations, but here is a COVID-19 career resource that I found useful for myself and you may too.​​​

I don't think there are any recession-proof jobs but there are some employees who work for companies that are still running well. Therefore, those employees are safer than other.

I think some essential jobs will never go out of style. E.g. healthcare/education/social services. But, if you wish to do a career switch to these industries, you need to do some self-assessement and see whether you have transferrable skills to these positions.

It is important to build self-awareness about what you LIKE doing (preferences) and what you are GOOD at (strengths). Then, consider what options you have based on yourself-analysis. It is also good to consider your weaknesses and dislikes as it steers you away from making wrong career changes.

Draft actionable steps that you will be taking to job-hunt or develop your career BEFORE you quit. Your plan can look something like this:

a) Find out what opportunities there are in the market by doing a quick google search/ check on job portals by (date)

b) Match the opportunities to your self-analysis above by (date)

c) Filter out the ones that are not suitable and narrow down your choices to top 3 roles (not jobs) by (date)

d) Read the requirements of the roles of different companies and compile a list of skills/expertise they are looking for by (date)

e) Consider signing up for mid-career training courses and approach a professional to rewrite your resume/ coach interviewing skills for a career switch by (date)​​​

Angeline Teo

Angeline Teo

01 May 2020

Calculator at The Internet

Yeah.... death is recession proof.

funeral jobs, or funeral related jobs are usually recession proof.

gov sector jobs are seen as iron bowl, though pay cut is definitely unavoidable, especially for those higher gov positions.

groceries related jobs are probably pretty secured. everyone needs to shop at market and supermarkets....

Elijah Lee

Elijah Lee

23 Apr 2020

Independent Financial Advisor at Phillip Securities (Jurong East)

Hi,

I wouldn't go as far as to say 'recession proof', but rather, recession resistant. Many example...

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