Over the past nine (9) months, a barrage of major and iconic Australian companies and institutions have hit the wall and are closing their doors as the effects of the Australian and Global economies are felt across the nation.
Last night alone, the local news reported that the NSW state government will strip $1.7 billion from the Education sector over the next four (4) years, equating to $67 million pa.
Coupled with the closure of iconic brands such as Darrell Lea and King Island, employees are losing their jobs in record numbers. Job security and the economy are not what it was, and this radical correction’s impact on our national and global economies will be felt for some time to come.
So, as an individual, what can you do?
It is one’s perception that clarity and focus are the keys to riding out the turbulent storms of an unpredictable labour market and economy. Instead of focusing on what was, take stock and revise your skills base; take the opportunity to explore alternative career options and readjust your career direction. After all, now is an ideal time to commence academic studies and forge ahead – for when the economy starts to turn – and it will in time – you will be ready to pounce on new opportunities.
Regardless of the state of the national and global economy, now is not the time to sit back and twiddle your thumbs and take a woe-is-me approach – be proactive speak with a Careers Counsellor and focus on what you want to achieve in your career.
ABOUT THE AUTHOR (2012 Version)
Katherine is the Founder of Blu Ripples, a Counselling practice in Port Stephens, NSW.
Initially commencing in 2003 as HR Aspects (Career Consulting Practice), Katherine rebranded her business to Blu Ripples in 2009 to incorporate Personal, Career and Workplace Counselling Services into her practice.
Before commencing her private practice in 2003, Katherine predominantly worked in Human Resources and Administration.
© 2012 - Katherine Foster T/as Blu Ripples
Updated 18 Oct 2023; Originally Posted 12 Sept 2012
Katherine's Photograph: 2023