During times of economic uncertainty, there are steps you can take to bolster your career, including a building network that includes people outside your industry and of varying ages and skills. "Now is the time to start consciously seeking out diverse networks, which provide the benefit of exposing you to new ideas and methodologies in boom times, but play an even more critical role during contractions, when they can yield critical market intelligence or even job leads," writes marketing strategy consultant Dorie Clark.
Career advice to young people often urges them to forego lucrative paychecks and instead pursue jobs about which they are passionate -- the premise is that such jobs bring better career satisfaction and sometimes happier lifestyles. A recent study that looked at whether that "passion versus paycheck" choice presents itself equally to students from various socioeconomic backgrounds found it doesn't.
Empathy is a core trait required during crisis, as employees need to feel they can show emotion, share concerns and see vulnerability in their managers, too, writes Joel Garfinkle. "To establish yourself as an authentic leader, show your team that you experience anxiety about the future, yet feel an intrinsic sense of confidence in your team that affirms you have what it takes to get through this crisis," he writes.
To develop a culture of empathy at work, Joe Lipham of Signature Worldwide says to take three steps. First, reach out to understand where employees are and where they are coming from; second, set a good example for team members; and finally, communicate the process and reasons behind decisions.
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As the pandemic slows the job market, LinkedIn is cutting 960 jobs, or 6% of its worldwide workforce. The company, which is owned by Microsoft, said this is the only round of layoffs planned.
To stay cool under pressure and make the right decisions at the right times, successful people have "cognitive control," a learnable skill. Some habits to improve your cognitive control include dropping expectations, self-distancing from stressful situations, getting more sleep and talking to yourself, writes business consultant Tony Ewing.
Technology and resources are important in the short-term to improve mental health wellness, but companies also need to look long term and make cultural changes that build employee resilience, writes Heather Ford at First Choice Health. "It must be OK to not be OK at work -- and leadership and employees should be able to talk openly about it if they are not," Ford says.
Planes and ships that shuttle travelers around the globe also carry equipment and sensors that collect weather and other scientific information that is fed into models to predict the weather. Because the pandemic has crushed the travel industry, weather forecasts have become less accurate because there aren't as many planes and cruise ships out gathering that valuable information.