Job hunting in the midst of the coronavirus pandemic
⏳4:30 minute read
Is it a good time to look out for a new job right now?
Published on April 24, 2020
Kass is the co-founder at Workbean. She’s obsessed about finding happiness at work and helping organizations understand their people better. She will never be seen without coffee in her hand.
Depending on your reasons for seeking out a new opportunity, job hunting at this time may or may not be a good time for you. Our labor market has taken a big hit ever since the quarantine started and it has been predicted by our former Chief Economist, Ernesto Pernia on March 2020, that unemployment rate will shoot up should a recession occur due to COVID-19. The job search landscape 30 days ago looks entirely different from what it is now, with more companies laying off, furloughing, or deducting paid leaves from their employees, several people have grown desperate in the search for security and stability during this uncertain period.
While we hear several companies freezing their hiring efforts, there are still a considerable number of companies hiring right now. Our advice is to be smart about your next move because job hunting is still going to be challenging. So, here are some scenarios that can help you decide whether it’s time to look out for a new job or stay where you are – at least until things settle down.
Scenario 1: You are unhappy with your current job
Being open to new opportunities is not necessarily a bad thing at this time but because of the shifting landscape in the labor market, it may not be the wisest thing to leave your current role without landing a secure offer from a legitimate company to start immediately.
More importantly, do not neglect your performance at work because of your dissatisfaction. In this very trying time, companies might have a higher tendency to start cutting down their workforce based on poor performance reviews and you do not want to be on that list. Unemployment is a growing global issue and your spur of the moment decision to quit or give up on working hard may not bode well with your future after this pandemic is over. Wait it out until the next 8 to 10 months before pulling the plug to ensure your financial security.
Scenario 2: You got laid off
If you have been let go, stay strong and positive because there will be a new wave of opportunities flocking in post-pandemic. Use this time to re-establish yourself and start working on your resume and learn a new skill through various free online courses from MOOCs (Massively Open Online Courses), LinkedIn Learning, or even YouTube. You can also start activating your network and re-connect with old friends and colleagues (without sounding too eager or desperate). More people are looking to socialize in one way or another this time, so why don’t you try your luck and host a virtual coffee chat with that old friend of yours?
Finding a job now is still possible. In fact, in a recent private survey we conducted at Workbean, 90% of the companies responded that they are still actively hiring, mostly in the digital space. So, stay positive and work on improving yourself while actively working on your resume to get that new job.
Always remember every interview is a learning opportunity. Don’t get discouraged if you don’t get through the next rounds as there will always be an opportunity waiting for you. Update your CV and use this time to do your research about the company and improve yourself.
– Patrick Jess Dimayuga, Top LinkedIn Influencer in the Philippines
Scenario 3: You’re a recent graduate
It may take a bit longer than expected for you to land your first job but there’s plenty of ways to remain productive and stay on the radar of your dream companies. For some who moved out of their homes, it may be time to move back in with your parents to save some money.
Although the future may look bleak, there are ways for fresh graduates to stay relevant. There are a couple of things that might help you at this time. First, try to talk to your family or friends’ connections and see if there might opportunities for you to help them especially on their digital needs since this is becoming an essential element for all businesses to stay relevant. Second, focus on learning a new skill because most companies will still want to hire people with experience so try to compensate for that by harnessing a new skill that will be valuable to the companies you have in mind. Most of all, give yourself time to regroup and take things one day at a time. There will be new opportunities waiting for you when this is over. You can also work on making a kick ass resume with these resume-writing tips from one of the country’s top recruiter.
Scenario 4: Your job offer was withdrawn
Don’t panic if your offer was suddenly withheld. If you’re still gainfully employed, stay at your job and follow our advice in the first scenario. The truth is, job offers can be withdrawn or revoked at any time by employers but to give you some peace of mind, ask the recruiter why the offer was withdrawn and if there’s a possibility to re-apply and when. If you’re told that the offer is “on hold,” ask for the time frame so you do not get stuck wondering and waiting. Asking questions will also give you an idea of the culture of the company you’re moving into based on the recruiter’s answers.
If you’ve got no other jobs or options at this point, try checking out freelance opportunities from Upwork or Fiverr. With the sudden surge of online dependency of businesses and individuals, you might be able to find an opportunity to work on a freelance basis to keep your cash flow coming.
To find out who’s hiring, check out www.workbean.co to see more information about today’s best companies.