The UK economy is facing a tough time at the minute, and the job market in many sectors is reflecting this turbulence. Certain sectors are more affected than others - businesses dealing in luxury consumer goods will be hit harder than those catering for more stable markets.
Thankfully, the IT skills shortage means that the situation for skilled workers isn't as bad as it could be - but there is always a risk in more turbulent economic times.
If you have a good thing going, there's no real reason to rock the boat. That is, it is probably best to ride out any rough weather from within the confines of a relatively secure position than to risk any trouble. If you're in stable employment and you're happy to remain there, it may well benefit you to stay until any uncertainty has passed.
Of course, opportunity is an unpredictable thing - should you be the lucky sort you may find yourself presented with a great job offer that you can't refuse. Such opportunities are usually worth taking, regardless of the general direction of the jobs market.
If you are eager for a change, it might be best to bide your time (at least for a short while). Economic depressions, large or small, all share a common characteristic - they eventually end. While it may be difficult to make progress in the current climate, patience will pay dividends.
Once the worst is over, a greater optimism will emerge across the face of business in the UK, and there could be some great opportunities to progress for the savvy career-minded individual. It is hard to say when exactly the best time for a change will be, but as confidence grows so too will the options for those looking for a new career.
Consider voluntary redundancy if it is offered. In some cases, companies wishing to downsize their long-term expenses may offer a voluntary redundancy package. This could be for a not-inconsiderable sum, and if your skills are in sufficient demand elsewhere you could take advantage. Voluntary redundancy is often the first step made by a company wishing to minimise any mandatory job cuts.
If the worst comes to the worst and you get made redundant, don't panic. There are still opportunities out there, but depending on your specific skills you may walk into another position straight away. In the interim between leaving your job and finding another one, it is prudent to be cautious and to cut expenses - but remain optimistic in your search for a new position.
Take solace from the fact that the job market isn't all bad; Indeed, certain skills are highly prized at the moment - whilst there may be a high turnover rate for positions, there seems to be ample opportunity for skilled developers in
.NET,
Java and other key enterprise languages. For the skilled professional with a modicum of experience, there is still an ample amount of prospect and no real reason to worry.
