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About the only constant during Covid-19 is uncertainty. Life is always fraught with some level of uncertainty, but for many of us, it’s now heightened in almost every aspect of our lives - financial, employment, social, health, and family.
So, is this the right time for a career move? Well, that depends (yes, more uncertainty!).
What can you afford to risk? If you’re single or the primary income earner in a family, you likely have financial responsibilities that limit the amount of career risk you’re able to take.
According to an August CBC article, “Indeed Canada has seen a decline in job postings…but a dramatic increase in the number of applications for a single advertisement. It's an employer's market.”
Families who rely on childcare or worry about a family member who is elderly or immunocompromised typically require a higher degree of financial stability.
The Vanier Institute has compiled a series of reports on how COVID-19 impacts families in Canada. According to one of their reports, “families are like all other ‘systems’ during the pandemic – their strengths and weakness are magnified, amplified and intensified as relationships, interactions and behaviors adapt to changes in routine, habits, and experiences.”
If you own or work in a small business, or work in an industry that has been especially hard hit - airlines, restaurants, hotels, entertainment, and the energy industry (remember when oil actually fell below $0?), this could be a good time to stay put.
However, if you happen to be employed in a field that’s booming, like essential services (i.e., education, health), technology, or customer service, there may be more opportunities to land a coveted role as the demand for your skills and knowledge increase.
In Canada, legal services have been deemed essential and while specific practice areas such as Insolvency & Restructuring, Banking, Insurance and Family Law are thriving, many other practice areas are slow to rebound. Resilient firms may see this time as an opportunity to re-think hiring practices. According to an article in CBA National, “Smart law firms are thinking ahead, looking to where the business is going to be and hiring accordingly … You have to have the people you need before you need them.”
According to Stacy, “Beyond the fitness aspect, Peloton has done a phenomenal job of creating a virtual community which injects that sense of connection to other people with a shared interest beyond our bubble. In speaking with clients and candidates on a daily basis, it is this connection to other people that is the constant in terms of what we are missing the most.”
At Urban Legal Recruitment, we have experienced, along with our clients, the impacts of Covid19. We’ve made the necessary adjustments to ensure the safety of our team members and our clients. We will continue to track trends and keep you posted.