4 Ways your Career can Thrive, not just Survive, in a Recession
Economic downturns can be unsettling, especially for those of us who navigate the workplace with intersecting identities. As a queer, neurodivergent woman in leadership, I've experienced firsthand the unique challenges that arise during recessions. But I've also learned that these periods can be opportunities for growth and authentic leadership.
1. Recognize and Articulate Your Unique Value
Your diverse perspective is a strength. Take time to reflect on the unique skills and insights you bring to your organization. Document your achievements and be prepared to communicate to your boss and other senior leaders how your contributions align with the company's goals. I personally detest self-promotion, but knowing and sharing your unique value is so critical and can be done in ways that can feel comfortable and authentic to you (I promise!).
2. Build and Leverage Supportive Networks
Seek out communities and mentors who understand your experiences and share your perspectives. We know how important representation is, and especially when you’re trying to thrive as a leader, having similar role models to turn to that can help you step into your authentic leadership and strengths is key. Whether it's a professional group for queer leaders or a network for neurodivergent professionals, these connections can provide support, advice, and opportunities. Finding my set of relatable role models and harnessing their strategies and approaches at key moments in my career was pivotal to achieving most of my promotions.
3. Invest in Professional Development
Even during budget cuts, there are often free or low-cost resources available, especially for high potential, high achieving women and queer folx. While many companies streamline operations, visionary employers know that continuing to invest in their top talent is one of the most important things they can do in recessions to drive catalytic success on the other side. Identify areas where you can grow and seek out opportunities to enhance your skills.
4. Prioritize Mental and Emotional Well-being
Recessions can be stressful. It is hard to stay focused and to shine when your mental load is ballooning. While initially you may think it is best to work harder and longer to demonstrate your value, we know that is not a sustainable solution. By establishing boundaries, not only will you protect your mental health, but you’ll be able to sustain performance and even build momentum, especially as those around you start to burn out from their sprint-like efforts. Additionally, this is a critical time to seek support from therapists or coaches who understand your unique challenges. Working with a coach during the last recession not only unlocked significant growth and helped me actually get out of burn out, but also positioned me for a major career leap that I could never have achieved otherwise.
Thriving during a recession is about more than job security; it's about leading with authenticity and resilience. By recognizing your value, building supportive networks, prioritizing well-being, and seeking support, you can navigate economic uncertainty with confidence and purpose.
