A recent headline on BBC read: “Four out of five people’s jobs hit by pandemic.” Globally, a number of public companies with thousands of employees have already declared bankruptcy or are in the process of doing so.
In Sri Lanka, a number of large private and public companies have announced pay cuts and layoffs, the most affected being the travel and hospitality sector. While some businesses in all sectors will recover in the long run, the short to medium term is bleak and mass re-employment is highly unlikely.
A hard pill to swallow
The reality of this situation is that most people will not be able to make a living in their current sector and/or job role. People need to start looking at alternate jobs in the same sector or moving into completely new domains which have vacancies. Change is not easy, especially for those who have been in their respective industries or roles for over 10-plus years. With age, the ability to learn new skills also becomes a challenge.
There is a saying: “You can’t teach an old dog new tricks.”
This is actually backed by research and studies which prove the science behind the difficulties in learning as we age.
It may be the ability to filter and eliminate old information — rather than take in the new stuff — that makes it harder to learn as we age. Scientists report: “‘When you are young, your brain is able to strengthen certain connections and weaken certain connections to make new memories,” said Joe Z. Tsien, a neuroscientist at the Medical College of Georgia. It’s that critical weakening that appears hampered in the older brain, according to a study in the journal Scientific Reports.
Neurons in young people’s brains are able to “talk” to one another a fraction of a second longer and make stronger bonds with each other, optimising learning and memory (source: Business Insider).
Nevertheless, with looming job losses on the horizon, it is imperative to start looking at fresh alternatives before the hammer comes down.
Every dark cloud has a silver lining
The pandemic has decimated the tourism, travel, and hospitality sector and at the same time created a boom in a number of sectors like healthcare, e-commerce, and enterprise collaboration software.
We can broadly categorise all businesses as follows:
- The Winners: Sectors affected positively by the pandemic
- The Losers: Sectors affected negatively by the pandemic
- The Inbetweeners: Sectors that could go either way depending on how they adjust and respond
- Look for opportunities
- a) Relevance to existing skills and experience
- b) Potential income meets your minimal needs
- c) Ease of learning the new skills required for the job
- Identify required skills
- a) Job vacancy posts will have sections clearly defining the skills and proficiency of certain tools required for the job
- b) Look for people who are already doing similar jobs and read their online profiles to understand their skills and experience
- Upskill with e-learning
- Online Courses – Learn Anything, On Your Schedule | Udemy – www.udemy.com
- Online Courses | Harvard University – online-learning.harvard.edu
- edX – www.edx.org
- Coursera | Build Skills with Online Courses from Top Institutions – www.coursera.org
- Alison | Free Online Courses and Online Learning – alison.com
- Khan Academy | Free Online Courses, Lessons, and Practice – www.khanacademy.org
- Learn to Code – for Free | Codecademy – www.codecademy.com
- Learn the Latest Tech Skills; Advance Your Career | Udacity – www.udacity.com
- Lynda.com – www.lynda.com
- Build your personal brand
- a) Create a LinkedIn profile – if you already have one, then spend a few hours and follow the built-in profile completion wizard to update your information. While it’s not recommended to lie about skills, especially if you’re claiming to speak five languages or swim, you can be creative in presenting your existing skills and experience
- b) Expand your network – getting a job can sometimes literally be about who you know. If your current circle of friends and associates aren’t any help, then it’s time to expand your network. Join shared interest groups, webinars, causes, and any other networking opportunities that can help you build your connections in the professional world.
- c) Share your hopes, dreams, ideas, and opinions – like Newton’s law of universal gravitation, which says the gravitational force increases with the mass of an object, so does the gravity of your personal brand. The more original-quality content you share with your network, the more people follow you and consider you a thought leader in your respective industry. This is a proven dynamic in personal social branding.
- Start applying, NOW