Job Security & Today’s Economy

As a guest on a national radio talk show a while back, I got a call from the mother of two young college men. She wanted her boys to avoid the pitfalls of reorganizations and job instability that seem to be rampant in today’s economy. She asked me what they should major in “so they will never lose their jobs or be downsized.” I said, “Tell them to go into nursing.”

I wasn’t being flip. Downsizing, also called “workforce reduction,” “negotiated departure,” “restaffing,” and a host of other euphemisms, is the trend as companies adapt to an increasingly global economy and shrinking profit margins. “Firings used to be done with surgical cleanliness,” according to employment guru Harvey Mackay. “Now they’re called restructurings, and they’re done with a meat cleaver.”

But even in today’s economy, there are areas of job growth. These include healthcare, government, and some technology sectors. Hardest hit are manufacturing, transportation, construction, and education. Many mortgage brokers and loan officers aren’t doing so well now either.

The South is the strongest area in the country for job growth right now, while the Midwest is the hardest hit because of its broad manufacturing base.

Yes, there is a screaming need for nurses. In fact, many hospitals and health care organizations are importing nurses from other countries because it’s so difficult to find enough nurses in the U.S. But you don’t need to become a nurse to increase your job security and avoid the “meat cleaver.” Update your skill-set and target the growing sectors.

~ Anne Follis, CPRW

© Copyright 2010, Anne Follis. All rights reserved.

We invite your comments and questions relating to this entry or the entire blog. However, please note that off-topic posts, as well as all spam, will be deleted.

Leave a Reply