8 Recession Proof Jobs and Businesses to Be In
As economic booms turn into busts, your job security may shift and make you think about recession proof jobs that can not only weather financial storms, but prosper during tough economic times. Recession proof jobs do exists, and they tend to be in areas where there is strong growth even in a down economy, require specialized knowledge, or are services and products needed no matter what the conditions.
Think pharmaceuticals, wireless technology, and education.
But one of the most secure jobs may surprise you. Sales representatives have some of the safest jobs in any profession, but not because there is a shortage. During a tough economy, a strong sales force is the essential ingredient to fighting a down economy and continuing to bring in as much revenue as possible. Consequently, a strong sales force is needed in good times and as profits and product growth expand.
Similarly, it is critical to keep current customers happy and do everything possible to keep their business, which is why customer support jobs tend to be safe havens during good times and bad.
Regardless if the economy is up or down, business are still required to do their book keeping and taxes at the end of the year. Accountants have particularly stable jobs, as this is an area that requires specialized knowledge and cannot be handled by employees without proper degrees and experience.
Network and Systems Administrators share a similar experience, in that communication within organizations is a critical part of doing business as usual. As these systems become more and more complex, it takes the small pool of talented people to handle the job.
As companies push to accomplish more in less time and with fewer people, they continue to invest in their databases management and software development, regardless of economic state. These are one of the jobs that continue to see growth, even as companies come to a stand still.
Due to a massive shortage that are under prepared for aging baby boomers, nurses have nothing to worry about – regardless of the economy. There has recently been a measurable number of less people entering nursing programs, as woman have been pursuing other career opportunities.
One of the best ways to keep yourself indispensable and attractive is to increase your qualification, which is why education tends to benefit from downturns. As times are tough, job competition grows thicker and more qualifications on your resume can help you stand out from the crowd.
Lastly, historically one of the safest jobs are federal government jobs. Downsizing and layoffs are virtually non-existent. Instead of laying people off, they have a hiring freeze. These tend to be positions people hang on to for the long-term, and as baby boomers are retiring, positions need to be filled.