6 secrets to getting hired during an economic downturn

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Challenging economic circumstances should not dash your hopes to landing a job. Stick to these tips to catch a hirer’s eye during widespread uncertainty.

Unemployment is at an all-time high and right now, it’s harder to get hired than years and decades past. But all hope is not lost. There are ways to get noticed and separate yourself, and to get the job, even when job openings are scarce.

First, consider these encouraging statistics: According to a recent study by SHRM (the Society for Human resource Management), among 2,278 members, 17% of employers were expanding their businesses and 13% were hiring. In addition, according to its annual global CEO survey, PwC found 74% of CEOs are concerned about the availability of skills in their respective workforces.

The bottom line: Companies need great employees with strong skills to grow their businesses. Particularly those who are unafraid to take an unconventional and bold approach.

So how can you get hired when it seems no one is hiring? Establishing a strong start to your process is key, along with finding the best ways to leverage your network, your creativity, and your distinctive skill sets.

Here are six ways to get hired during an economic downturn.

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Community colleges could see a surge in popularity amid Covid-19

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Historically, community college enrollment spikes during economic downturns.

This year, a public health crisis may draw even more students who don’t want to travel or live in a dorm.

The coronavirus crisis has already changed the way this year’s crop of high school seniors are thinking about higher education.

And community colleges across the country are preparing accordingly.

“Under the circumstances, families may turn to us as the gateway of opportunity, and we’ve been ready,” said Michael Baston, the president of Rockland Community College in Rockland County, New York.

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The autonomous car industry is about to get hammered

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Today on Speed Lines: The “coronavirus economy” means a huge potential setback for self-driving car tech.

Good morning and welcome back to Speed Lines, The Drive’s morning roundup of what’s going on in the world of transportation. I think it’s Wednesday, although I’m not really sure anymore, let alone what that even means.

A ‘Bumpy Road’ Ahead For Self-Driving Cars.

As I’ve said many times on Speed Lines this year, the pandemic is unique in that it has left virtually no facet of daily life or sector of the economy untouched. It’s already drying up the capital markets, and that’s extremely bad news in the world of autonomous vehicles. Development of that technology is costly for both legacy automakers and new startups, yet there’s still no clear path to widespread deployment or profitability.

Adding semi-autonomous features to your next Cadillac or Volvo is one thing; creating fully robotic cars, and making money while doing so, is another thing. And it may be a pipe dream in this economy.

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Percentage of Families with Life Insurance is at It’s Lowest in 50 Years

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Consumers have had troubles keeping up paying their premiums during the economic downturn.

The percentage of U.S. households with life insurance coverage is at its lowest in 50 years, leaving millions of families without a safety net, industry experts say.Only 44% of households have an individual life insurance policy, and 30% have no individual or employer-provided life insurance, according to a recent survey by LIMRA, an industry-sponsored group. Some 11 million households with children younger than 18 — viewed as families with the greatest need for coverage — have no life insurance.

 

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