Career Cushioning: How to Take Action Now
Hiring freezes and mass layoffs continue to rattle the job market. Yet, despite the unknowns, there are still ways to get ahead in your career.
As hiring freezes continue and layoffs become a growing concern, getting ahead can mean staying ready by relying on your skills and experience to help you bounce back, should trouble strike. But is it truly possible to grow professionally while navigating a turbulent job market? Absolutely. Learning and adapting through the pandemic has taught us that we can persevere through challenging times, and that lesson is our guiding force through the unpredictable waters of 2023.
The reality is, no one can predict how this year’s job market will fare, and from the looks of it, more change is on the horizon. Yet, despite the unknown, there are still ways to get ahead in your career right now. Here are the steps you can take to cushion your career, and grow professionally with the changing tides.
Career Cushioning
From “quiet quitting” to “rage applying,” last year brought us a spectrum of job trends. But one in particular stood out: career cushioning. Essentially, this entails taking action to keep your options open, preparing for the future, and "cushioning" for whatever comes next in the economy and job market. Think of it like an insurance policy to set yourself up for success. And it’s something people are already doing: Workers have spent the past three years building themselves up, whether that means learning new skills, solidifying backup plans, pivoting careers, or starting their own side hustles. And if you aren’t already, you should, too.
Start by asking yourself, “Where do I see my career going beyond the confines of my current job, and what steps can I take to get there?” From there, make a plan: Do you need to authentically grow your network? Should you take digital courses to add to your skillset? Where can you fill the gaps? The answers to these questions will help you begin career cushioning your way to success.
Pinpoint Your Priorities
To plan ahead, you need to have a firm grasp of your top priorities. Salary, flexibility, and work-life balance top the market when it comes to today’s most popular wants. Before you have to make a quick decision, analyze your top three work needs and keep those front of mind as you navigate the next steps in your career journey.
And what professionals want today couldn’t be more clear: Two-thirds (61 percent) of U.S. workers are considering changing their current job in 2023 (yes, despite economic uncertainty!), mostly to increase salary and for better work/life balance. So if you’re looking to embrace this pandemic-born confidence and also focus on building a career with resilience, there are jobs available to do so—whether it be Diversity & Inclusion Manager or Sustainability Analyst—and the LinkedIn 2023 Jobs on the Rise list outlines the hottest jobs with staying power right now.
Cash In On Your Skills Wallet
More than 40 percent of companies on LinkedIn globally rely on skills to search and identify job candidates. That’s precisely why it’s so important that you continue to build on your skills, and more. Learn and leverage transferable skills which you can use across a myriad of jobs. And then, don’t forget to highlight your skills—and how you used them—within specific examples on your online resume or portfolio and in hiring conversations to show employers what you can do and the value you can bring to their organization.
If Trouble Hits, Trust in Your Strengths
Layoffs aren’t personal, and they’re not always predictable. If you’re impacted, remember that you have a wealth of experience and skills to help you bounce back.
Don’t be afraid to ask your network for help: On LinkedIn, members are increasingly activating the #OpenToWork tool, which either quietly signals to recruiters you’re open to new opportunities, or engages the broader LinkedIn community by adding an #OpentoWork photo frame.
Your current job is not the end of the road. Take every opportunity you can now to plan ahead and keep growing professionally so that when the time comes to make a change—planned or not—you have the best leverage and most confidence to do so.
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