Skills You Need To Cultivate Now To Be Competitive In 2023. Prepare for Downsizing & Layoffs.
Chris G. Laughter
VP Client Services at First Sun Consulting, LLC- Outplacement Services
The key is to have a skill stack that makes you holistic. Having only one or two specific talents won’t be sufficient for the world we’re entering. You'll need a combination of different talents and skills to advance within your organization or do well in a job interview .
Businesses desire people who are strong communicators, cultivated interpersonal skills, and can write well, along with a high level of emotional intelligence and empathy. You’ll also need a balance consisting of knowledge about artificial intelligence, software coding and all sorts of tech platforms and apps. It doesn’t stop there. As we’ve seen the acceleration of trends during the pandemic, things will continually change, and you’ll need to be flexible and always be learning.
The New Year Is Nearly Here
It’s hard to wrap your mind around the fact that we are only about two and a half months away from the New Year. Most people can’t wait to put 2022 behind us. However, just because you turn the page on the calendar, it doesn’t mean that everything changes for the better.
From now until the holiday season, it's likely that we’ll see high rates of unemployment , the stock market continuing to plummet, and home and apartment prices out of reach due to high mortgage payments. The primary reason for the negativity is that the Fed war being waged against inflation calls for a contracting economy, higher interest rates and costs, along with businesses cutting expenses which largely causes worker layoffs.
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What Skill Sets Do You have to be ‘Sharpened’ ?
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Having Money Helps You Get Through Tough Times
One of the first things you need to do in a contracting economy characterized by job losses, falling stock prices and rising costs caused by inflation is to save as much money as possible. Building an emergency fund can help you weather the storm and potential bouts of unemployment. If you spend beyond your means and lose your job, it could be financially ruinous as seeking out a new opportunity during a recession is difficult. Having money offers a safety vest to stay afloat during tumultuous times. It offers you options. Instead of accepting a low-paying, go-nowhere dead-end job because you can’t afford to be out of work, a financial nest egg will offer the chance to wait things out. You’ll have more time to search out and find the job you desire that pays well and offers future growth potential.
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Becoming Adaptive To Change
You have no other choice than to embrace change. We’ve seen how fast and volatile things can get. Look at the toxic way we now interact with each other in person and on social media. The economy, stock and job markets feel like they’ve gone haywire. Throughout most of last year, we benefited from robust hiring, skyrocketing stock prices, and the creation of new and exciting startups.
Now it’s different. On an almost regular basis, businesses are announcing layoffs, hiring freezes, job offer rescissions and allowing attrition without replacing the quitting workers. The new era may cause you to switch jobs or embark upon new careers. You may be required to go into an office five days a week, told to stay home and work remotely, or become a digital nomad. To adapt to changes, you may need to continually reinvent yourself and pivot to new career directions.
On the positive side, if you are good at critical thinking and problem-solving and have a flexible attitude, you can go with the flow. To succeed, keep your eyes open for changes that will usher in new and exciting opportunities that coincide with your skill sets.
Learn To Code, Write, And Speak Well
In the new digital work world, you don’t have to be a software engineer, but it will be helpful to possess a comfort level with new technologies. Take some online courses in coding , artificial intelligence, machine learning, data analytics or cybersecurity. It wouldn’t hurt to start dabbling in the metaverse and virtual reality.
The ability to write well, speak intelligently, and communicate clearly and effectively is prized by major corporations. These skills greatly enhance your marketability. It's essential to continue learning to keep up with new developments and trends impacting your job and career. If you become a lifelong learner, you’ll stand out and be far ahead of your cohorts. Since we are all online, you must be digitally fluent and active on social media to garner attention, burnish your reputation, and possibly lead to job offers
Resilience And Grit
It's said that good times make weak people, which leads to tough times that make strong people. The harsh reality is that our lifestyle and financial situation may be less than our parent's. Finding a job, building a career, and purchasing a home or vehicle, won’t be as easy as it used to be.
No one will be coming to your rescue. In a rougher economic climate, you’ll need to rely upon yourself. It's a reversion to the archetype of rugged individualist that characterized the early American colonists and wild west cowboys. Back then, people didn’t solely depend upon the federal government but made things happen through their unyielding hard work, efforts and determination.
There could be times when your skills and talents aren’t appreciated, and you’ll have to start all over again. You’ll need to be mentally and emotionally strong to deal with downsizings and losses in your 401-k and retirement plans. It shouldn’t be surprising that you must continually switch jobs and pivot to new careers.
Teach yourself how to be self-resilient , and build the confidence to pursue what you want . It’s okay to have fear and trepidation, but you must keep forging against all odds and obstacles.
The future of work will offer new and different types of roles. Some jobs may no longer exist due to technological advancements. The rapid advances in artificial intelligence, machine learning and other software tools create a need for human creativity, which may open new doors for you. By starting right now, you’ll be far ahead of your peers by being more prepared and competitive by the New Year.
Forbes.com | October 12, 2022 | Jack Kelly
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