Changing Jobs in a Recession

With the stock markets down again this week, more bankruptcies, and layoffs happening across industries, a rewarding job that provides a steady source of income is your best friend. So why would someone even consider moving jobs in this economy? CIO Magazine investigated and came to the conclusion that conventional wisdom be damned, changing jobs during a downturn can actually be a good idea.

Their rationale? Companies tend to hire more for "critical" positions during a downturn, since every opening is scrutinized more carefully. Basically, the roles that are being filled are ones that offer the potential to both make a huge impact and advance your career.

Firms that are recruiting in a downturn are doing so because the roles they have to fill have a major importance to their organizations

They also point out that staying put during a recession can create a bad perception of you at your current company. Whether or not you agree with their take, it certainly makes compelling reading. Click here to read it.

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