Stacey* had a stable job as an executive recruiter at an executive search firm, but she really wanted to work in-house at a technology company. When she accepted an offer with her dream company, she took some time to hire her replacement to leave her firm in a good place. Days before her start date in her dream role, her offer was rescinded, leaving her stunned. “I felt confident and had numerous conversations about runway, where my role fit in, what would happen if hiring slowed down, and candid conversations about where they were in the market if the market shifted,” she told me.
How to Evaluate a Potential Employer in a Downturn
Don’t jump onto a sinking ship.
August 02, 2022
Summary.
With rising interest rates, high inflation, political issues, and war all contributing to a roller coaster global economic outlook, it’s hard to know whether to stay in a stable job — no matter how unhappy you are — or make a move when it’s unclear how changing economic conditions could affect your employment. While you can’t eliminate the risks entirely, the author presents four ways to lower them when making a move. First, research the company you’re considering. Second, get to know the industry the company is in. Third, ask strategic questions during the interview process. Finally, try to get a sense of the company from anyone in your network who works there.
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New!
HBR Learning
Career Management Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Career Management. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
What's your next career move? Learn how to set yourself up for success.