Getting a Job During a Recession

A program on the BBC about a week back talked about getting a job during a recession. “Graduates,” they said, “who got jobs during recessions were likely to be paid less than their peers who got jobs during times of prosperity.” I am, unfortunately, one of them.

Graduating at the end of 2008, I went looking for a job in one of the worst job markets in recent history. It was only after three months of searching, during which I almost became a financial adviser, that I landed my present job as a business analyst. When the time came to negotiate my pay for this position, the terrible economic situation we were in was always at the back of my mind. I wanted this job so bad that I probably undercut myself needlessly; in the end, I was offered more than what I had asked for.

The BBC program mentioned that us recession graduates tended to accept lower paying positions, and tended to stay longer at these jobs. I am certainly guilty of the former, but as for the latter, having worked at my present company for just below eight months, I am still open. The program advised recession graduates to switch jobs early on, as a way to keep pace with the post-recession graduates.

If anything, this program certainly got me thinking and has led me to seek the answers to the following questions:

  • Am I paid what I am worth, especially when compared to my peers?
  • Would a fresh graduate who got the job I got be paid what I am paid? If not, how much would they be paid?
  • Are there other opportunities that I can look into, including other jobs that were not available during the recession?

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Donn

My name is Donn, and you’ll find me working at the intersection of business and information technology, constantly looking for ways to apply IT to business and life to make things better. I’m a big fan of data analysis and its subsequent communication. It always gives me a thrill extracting meaning out of data through analysis, and figuring out the best way to present the findings for maximum impact!

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