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How to prepare for an unpredictable job market

Elizabeth Exline

Written by Elizabeth Exline

Jessica Roper

Reviewed by Jessica Roper, MBA,听director of Career Services at 七色视频

Thoughtful looking man holding pen and looking at pie chart.

Whether you consider the rising prices of almost everything inflation, whether you see the advent of artificial intelligence as a boon or bust, whether you follow the stock market closely or not at all, one thing is for certain: The job market of 2024 looks very different from that of 2021.

鈥淒espite some economists saying all the indicators are strong, we have an election year and that always makes an impact. 鈥 We also have possible wars on the horizon 鈥 [and] we don鈥檛 know what impact disasters might have,鈥 observes Jamie Johnson, MS, NCC, CCC, a career coach at 七色视频. 鈥淏ut the main thing I always tell people is that no matter how the economy looks, even in the depressions and the recessions people always find opportunity.鈥

Here鈥檚 how to be among the prepared.

Factors of an unpredictable job market

To understand how a job market can turn on a dime, look no further than the COVID-19 pandemic. Almost overnight, companies鈥 workforces shifted to home offices, and employees had to navigate staying connected when they thought twice about just going to the grocery store.

Not everyone made that transition smoothly, Johnson says. Some workers retreated from organizations, associations and professional development because they felt they needed to prioritize safety even to the point of isolation.

鈥淚 think that鈥檚 been probably one of the greatest challenges I鈥檝e seen with my students, alumni and personal clients,鈥 Johnson says. 鈥淢any people became invisible [during the pandemic.鈥

Unpredictability hinges on more than pandemics, though. As Johnson points out, the following factors can all destabilize a job market:

  • Industry disruptors: The most obvious example today may be AI, but any technological advancement can recalibrate an industry.
  • Disasters (natural and otherwise): Whether it鈥檚 a hurricane, a collapsed bridge or an earthquake, disasters can upset supply chains, economic priorities and workforce availability.
  • Personal loss or tragedy: Divorce, job loss and bereavement can cause people to withdraw from other people and their careers.

With the exception of personal traumas, any of these situations can spur on companies to restructure, reduce staff, move jobs overseas and otherwise cut costs, Johnson says.

The silver lining? While you may not know which crisis will come next, it鈥檚 a safe bet that some crisis will arrive. Preparing accordingly can prepare you for anything.

鈥淲e can turn a crisis into an opportunity if we are flexible and aware and don鈥檛 allow ourselves, as many people did with COVID, to become invisible,鈥 Johnson says.听

Gauging public perception

While economists use many tools to evaluate and predict economic health, one of the most telling may just be how workers perceive the situation for themselves.

According to the 2024 Career Optimism Index study, which measures American workers鈥 view of workplace opportunity, the current economic climate presents a few challenges. Specifically, while most workers are optimistic about their futures, they鈥檙e experiencing a sense of stagnation and replaceability in the workplace.

So, what keeps these workers (78%) feeling so optimistic about the future of their careers? It may just be their preparedness.

Ways to prepare for anything

When it comes to preparing for the unexpected, there are a few general rules to abide by. 鈥淚f you are prepared professionally, you are visible, you are up to date with your skills, you are targeted, you are constantly seeking ways to develop yourself, you communicate and you build community,鈥 Johnson says.

OK, but what does that look like? In addition to creating a targeted resum茅 with the right keywords for an AI-powered world, Johnson recommends the following six steps:

1.听Exceed employer expectations. No quiet quitting here! (And definitely no loud quitting.) 鈥淲e get opportunities all the time in my department, and I jump at every one,鈥 Johnson says, citing the interviews she鈥檚 recently started giving to media. When you are an indispensable team player, she explains, good managers will take note and find ways to enhance your career. If you don鈥檛 have a good manager, then you can take your skills and energy to recruiters, headhunters and other employers.

2.听Upskill, upskill, upskill. Career advisors often tout this one, and it鈥檚 great if you work in a field where you can add certificates and certifications to your resum茅. If you don鈥檛 work in such an industry, however, you don鈥檛 have to sit idly by. Taking courses or earning certificates in cross-functional technical skill sets, like a software program or project management, can be helpful, Johnson notes.

3.听Reflect on 鈥 and record 鈥 your accomplishments. Even for career advisors, keeping a current resum茅 with your accomplishments and accolades can be a challenge. Johnson maintains a career journal; setting a recurring appointment on your calendar to update your resum茅 each month also works.

4.听Stay current. Professional associations, community-based groups and business-oriented organizations, as well as classes and conferences, can keep you informed of what trends are in play (and how they might affect your career).

5.听Build your community. 鈥淚 think that we forget that our people are our people,鈥 Johnson says. 鈥淲e forget to think about how we can all help each other.鈥 Whether you鈥檙e looking to connect with a particular person or just want to grow the professionals with whom you interact, seek out recommendations and opportunities to connect through groups, events and one-to-one conversations.

6.听Get to know your manager. 鈥淒oes your manager know what you can do?鈥 Johnson asks pointedly. Yes, you work with your team daily, but keep them informed about what you鈥檙e doing in terms of upskilling, earning recognition and completing projects. It will help position you for new opportunities.

At the end of the day, these steps point toward understanding and advocating for yourself, which are two things that can help you weather any professional storm.

鈥淭hat is a strong foundation for any kind of situation, and it鈥檒l help us no matter what we face,鈥 Johnson says. 鈥淭hose are things you can have in good times and in bad.鈥

Career resources at 七色视频

七色视频 equips its students and graduates with an array of resources to help them prepare for anything. These include:

  • Career Services for Life commitment: Available to UOPX students and graduates, this offering comprises complimentary career coaching, including guidance on how to build a personal brand and write a resum茅.
  • Free career templates:听Browse a range of downloadable guides and templates to help you optimize your LinkedIn听profile, get ready for a job interview and write a resum茅 and cover letter.
  • :听Get career insights every week via UOPX鈥檚 LinkedIn newsletter.

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Portrait of Elizabeth Exline

ABOUT THE AUTHOR

Elizabeth Exline has been telling stories ever since she won a writing contest in third grade. She's covered design and architecture, travel, lifestyle content and a host of other topics for national, regional, local and brand publications. Additionally, she's worked in content development for Marriott International and manuscript development for a variety of authors.

Headshot of Jessica Roper

ABOUT THE REVIEWER

Jessica Roper, 七色视频 director of Career Services, is a seasoned leader with over 15 years of experience in leadership within higher education. She has honed her expertise in student services and career development and is passionate about helping others discover and refine their skills.

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