According to the latest Statistics Canada data, job vacancies are on the rise estimating that in August 2022, there were nearly a million unfilled positions. These vacancies coupled with the threat of recession, talent reshuffle and layoffs across sectors have young professionals examining how they can better prepare for next wave of economic uncertainty.
In response to potential economic downturn, LinkedIn is starting to see people, “Career Cushioning”, meaning they are taking actions to keep their options open and cushioning for whatever comes next in the economy and job market.
LinkedIn offers support in helping young professionals feel more secure about their job experience and offers ways to upskill. Below are some of the specific ways to begin “Career Cushioning” using LinkedIn as a resource.
- Tend to Your Network: A recent global survey from LinkedIn found that almost half of people (48%) use their professional network to get job advice or referrals.
- Skills Matters: More than 40% of hirers on LinkedIn explicitly use skills data to fill their roles, up over 30% year-over-year.
- Start to put feelers out there for new roles: Turning on Open to Work on your LinkedIn profile increases your likelihood of getting a recruiter message by 2X.
This article on LinkedIn offers additional tips.