Your Career Will Outlive This Crisis
A Letter from our CEO
We hope this finds you well, as are we. The Barrett Group has been active in the career management market for 30 years and has weathered all manner of crises, including 2008.
Yes, the US and the world are in the grip of a health crisis. Once governments recognize what needs to be done and commit publicly to doing it, people will adjust. Fortunately, with the measures rapidly being adopted in the US and Europe this is finally starting to happen, though it will certainly get worse before it gets better.
Where China has adopted strict lock-downs, the incidence of new cases has already dwindled.
There is hope that “shelter in place” and similar measures being adopted elsewhere can slow the rate of spread and allow health services to expand their capacity and source the equipment and supplies they will need as the crisis peaks.
Medically, most people even if they become infected are not at risk of anything worse than the severe flu, if that, but please take all necessary precautions. For example, extensive testing in Iceland shows that many who are infected never become symptomatic… though they may still be infectious for a period of time.
Industries will be impacted differently.
The cruise ship, airline, amusement park, and concert businesses are already suffering. Consumer goods companies, particularly makers of hand sanitizer, face masks, toilet paper and the like are thriving. The health care industries once they adjust will probably do well, too.
On-line shopping is booming as you can see from Amazon’s stock development. Microsoft and others have leapt into the remote-learning market as schools have closed.
Government stimulus and support is also making its way through the regulatory process and green shoots are showing on the world’s stock markets. Many other industries will not be significantly impacted in the medium term.
So, as one door closes, others will open.
At the Barrett Group we are modestly ahead of the curve as far as virtual working is concerned. And it seems that the world is moving our way. This may be the most significant impact of all in the long term as more and more companies recognize that there are in fact significant advantages to telecommuting.
Already, most initial employment interviews are conducted by telephone and videoconference.
By the way, we can help you set up a complimentary videoconference account of your own, if you wish, to help you capitalize on this trend.
Our discussions with major employers indicate that most expect to weather this crisis and continue recruiting major talent. Most organizational strategies are long-term and not particularly affected by the whim of the market.
So, in a nutshell, as long as you are willing to do the work required, this health crisis should not significantly impact your career change campaign in our opinion.
Most of our clients land through the unpublished market anyway. And we know how to help you make the connections required to be successful there.
Fear can be paralyzing. But you need not be a victim. Take advantage of this crisis to take stock of your situation. Perhaps it is time for you to take action. If so, please consult us. Thirty years of guiding executives toward a better work / life / compensation balance has made us the experts. We can help.
In the meantime, please do everything you can to stay healthy and protect the health of those around you.