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What’s Hot in 2009: Threats

maple_leaf_foods_logo This week on The Bigg Success Show, we’re taking a look at opportunities and threats in 2009. Today, we continue the five-part series by looking at threats.

We recently posted an article where we shared seven threats facing us in 2009. We’ll discuss two of them today.

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Downturn expected to hit higher and harder

The first threat is the recession. It is now expected to be deeper, longer, and different than any other downturn that we’ve witnessed in our lifetimes. As with any recession, layoffs will be part of the mix.

In the past, layoffs have occurred mostly at the lower end of the career spectrum. What makes this recession different, and the reason we feel it’s important to emphasize this to the members of our community, is that this recession is expected to hit hardest at the upper end.

It was recently suggested in an article on Harvard’s site that this recession be dubbed “The Great Disruption.” It certainly has been disruptive, hasn’t it? It appears that volatility is something we need to get used to going forward.

Moving out is moving up

Another important threat is continued outsourcing. This is also something that we feel may disproportionately affect the people in our community in the coming year.

We’ve already witnessed it, but jobs outside manufacturing are now at risk. It was interesting to see manufacturing start coming back onshore as the price of fuel rose. With the digital revolution, the cost of moving information around the world costs practically nothing. So white-collar jobs may be the most at risk now.

We’ve seen that already with lower skill jobs. Now it seems that some higher level careers may also be at risk. We see two factors in jobs that are safe:

  • an on-site presence is necessary to perform the work
  • face-to-face contact produces better results

The article also mentions a great resource that describes occupations that are and aren’t likely to be moved offshore as well as the other five threats. Check it out!

We like to think positively, but it’s also important to realistically assess those impediments to achieving our goals. We call that positively real thinking … that’s what it takes to succeed bigg!

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Get the tips and tools you need to be a BIGG success when you
subscribe to the Bigg Success Weekly – it’s FREE

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We’re really grateful that you took time out of your day to read our post today. Join us next time when we look at some questions which will help you tie the opportunities and threats to the right career or business for you. Until then, here’s to your bigg success!

Subscribe to The Bigg Success Show in iTunes. 

Subscribe to the Bigg Success feed.

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00303-010708.mp3

Related posts

What’s Hot in 2009: Careers

What’s Hot in 2009: Businesses

(Image in today's post by MISHA)

What's Hot in 2009: Threats

maple_leaf_foods_logo This week on The Bigg Success Show, we’re taking a look at opportunities and threats in 2009. Today, we continue the five-part series by looking at threats.

We recently posted an article where we shared seven threats facing us in 2009. We’ll discuss two of them today.

___

___

Downturn expected to hit higher and harder

The first threat is the recession. It is now expected to be deeper, longer, and different than any other downturn that we’ve witnessed in our lifetimes. As with any recession, layoffs will be part of the mix.

In the past, layoffs have occurred mostly at the lower end of the career spectrum. What makes this recession different, and the reason we feel it’s important to emphasize this to the members of our community, is that this recession is expected to hit hardest at the upper end.

It was recently suggested in an article on Harvard’s site that this recession be dubbed “The Great Disruption.” It certainly has been disruptive, hasn’t it? It appears that volatility is something we need to get used to going forward.

Moving out is moving up

Another important threat is continued outsourcing. This is also something that we feel may disproportionately affect the people in our community in the coming year.

We’ve already witnessed it, but jobs outside manufacturing are now at risk. It was interesting to see manufacturing start coming back onshore as the price of fuel rose. With the digital revolution, the cost of moving information around the world costs practically nothing. So white-collar jobs may be the most at risk now.

We’ve seen that already with lower skill jobs. Now it seems that some higher level careers may also be at risk. We see two factors in jobs that are safe:

  • an on-site presence is necessary to perform the work
  • face-to-face contact produces better results

The article also mentions a great resource that describes occupations that are and aren’t likely to be moved offshore as well as the other five threats. Check it out!

We like to think positively, but it’s also important to realistically assess those impediments to achieving our goals. We call that positively real thinking … that’s what it takes to succeed bigg!

___

Get the tips and tools you need to be a BIGG success when you
subscribe to the Bigg Success Weekly – it’s FREE

___

We’re really grateful that you took time out of your day to read our post today. Join us next time when we look at some questions which will help you tie the opportunities and threats to the right career or business for you. Until then, here’s to your bigg success!

Subscribe to The Bigg Success Show in iTunes. 

Subscribe to the Bigg Success feed.

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00303-010708.mp3

Related posts

What’s Hot in 2009: Careers

What’s Hot in 2009: Businesses

(Image in today's post by MISHA)

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Top Threats to Your Career and Finances in 2009

By Bigg Success Staff
12-17-08

caution

We’ve all heard plenty of bad news recently, but the bad news now is that there is more bad news to come. While we must think about the opportunities in front of us, it’s also important to consider the threats to our careers and our finances so we can prepare appropriately.

Recession

Consumers, businesses, non-profits, and governments, all over the developed world, are learning a hard lesson about leverage. We will climb our way out of this recession but it will take some time. Before it’s through, it will be one of the, if not the most, severe recession since the Great Depression. 

Layoffs will continue. In most recessions, layoffs occur mostly at the bottom of the earnings / education spectrum. Expect this recession to be more evenly distributed, if not hitting higher end jobs harder.

Outsourcing

Companies will continue outsourcing, but here’s the difference. Manufacturing jobs have been getting shipped overseas for some time now. As fuel prices rose, there actually seemed to be a resurgence in companies bringing manufacturing jobs back on shore.

Now more white-collar jobs are at risk thanks in part to technology that allows information to be shared instantly from any place in the world with internet access. We found a great article that discusses the characteristics of jobs that can now be easily outsourced and jobs that can’t. It also lists what you can do to make yourself less vulnerable and provides a list of jobs by their level of risk to offshoring.

Deflation

Expect deflation to continue as everybody keeps a tight lid on spending, the credit markets remain relatively tight, and inventories of everything from housing to cars remain comparatively high. The good news is lower prices will remain, but …

Inflation

Governments in the developed countries have poured money into the world economy at unprecedented rates. At some point, once the credit markets loosen up and demand returns, inflation could become a problem.

We’ve just witnessed prices on everything from gas to groceries rising quickly. We could see it again. It will take wise leadership to know when to slam on the brakes on economic stimulus without tightening so much that another recession ensues.

If this happens, that cash stash will quickly lose its value. Investments in hard assets have typically performed well in times of inflation.

Delayed retirement

A number of retirees are being forced to look for work after the freefall of their portfolios. Even more people who planned to retire soon are putting those plans on hold because they need to bulk up their assets again before they stop working. This will create even more competition in already tight job markets.

Benefits

Employers are under intense pressure to cut costs. It’s reasonable to expect them to cut benefits. Even if it’s promised now, don’t count on having health insurance provided to you as a retiree. Even while you’re working, expect to cover a greater share of the premiums.

Also don’t be surprised if your employer cuts back or eliminates the matches on your 401(k). These aren’t the only benefits at risk, but they’re two of the most significant ones.

Access to credit

It won’t show up on your personal balance sheet, but your credit score will be an incredible asset. Cash will be king as long as prices remain in a deflationary state. At some point, cash along with the ability to access credit will open doors for opportunities that most of us will never see again in our lifetimes. 

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Subscribe to the Bigg Success Weekly – it’s FREE too!

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Hear today's lesson and laugh on The Bigg Success Show. 

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Hot Businesses in 2009

5 Questions for Job Seekers in 2009

(Image in this article by asifthebes)