The FINANCIAL — “Education, Healthcare and Oil industries are the most stable working spheres,” says Akaki Tavadze, Teacher of the Management Programme of Tbilisi free University, ESM Tbilisi.
The Economic downturn is the most popular issue at the moment. If you look around you see friends, relatives, neighbours and even kids brainstorming ways to survive this critical period. Some of the working industries have faced really serious problems.
“The recession has revealed the financial sector as the most risky. The banking industry was even forced to close some of its departments,” Akaki Tavadze, Teacher of the Management Programme of Tbilisi free University, ESM Tbilisi, says.
“In my view the most stable working spheres are Education, Healthcare, Oil and Gas industries. These are mostly professions which are of vital means and people working in these fields are less likely to lose their jobs,” Tavadze declares.
“I can’t say that during the recession period we do not need some working spheres. We may talk about working industries that suffered the most from the crisis though. First it was the banking sector which had the most problems during the economical downturn. The recession has also affected construction and consulting companies,” Olena Stepanchenko-Crouch, Director of the Career Development Center of Caucasus University, declares.
“I wouldn’t count on any recession-proof jobs. If there is a crisis in a country’s economy every sphere suffers. For example if banks cut giving out student loans, parents won’t be able to pay for their children’s education and the educational sphere will also have some problems,” Stepanchenko-Crouch declares.
“With the Labour Department reporting that the number of people receiving unemployment benefits is the highest that it has been in seven years, is there such a thing as a “recession-proof” job? Probably not, but there are some careers that may survive the current economic crisis better than others. The key is to focus on work that continues even when most people do not have extra discretionary money to spend,” Bloomberg News reports.
MSN news names 6 recession-proof sectors: education, energy, healthcare, international business, environmental sector, and security.
According to Best syndication News the best recession proof jobs are currently found working in the healthcare industry.
“Laurence Shatkin, the author of ‘150 Best Recession Proof Jobs’ was on ABC news and he said that dentists are an exception because people will skip going to get their teeth cleaned if the times are tough. He did say that there is a great need for nurses, and nursing home care because of the baby boomers hitting retirement age. There is also a need for medical assistants as well as physicians,” Best Syndicate notes.
Akaki Tavadze declares that a small business is more flexible and therefore safer during the recession.
“The banking sector had been working in really fast terms and was less cautious. I read an article in the New York Times about the people responsible for the economical crisis and on the third place was U.S. ex-president Bill Clinton. He supported the giving out of risky loans. Our government has also been acting in the same way,” Akaki Tavadze declares.
“The year 2007 was a year of increasing employees’ salaries. As there was a lack of good experienced workers on the local market, companies started hand-hunting for employees. They raised the salaries of employees so that on their labour market salary expenses became the highest,” Olena Stepanchenko Crouch says.
“It is the best period to rethink a company’s strategy, and reevaluate the personnel that companies have hired. I think that companies will become much more careful now,” Stepanchenko Crouch declares.
“Most of the existing companies in Georgia have realized that they should be more careful. It’s easy to grow up fast but to maintain positions is quite hard,” Akaki Tavadze declares.
Most of the Georgian companies have cut their marketing departments during the crisis and experts questioned by The FINANCIAL have different opinions about it.
“In my view, reducing marketing departments is not really the right step for companies. Advertising is one of the most important things in a company’s existence and apart from financial problems companies should continue promoting,” Tavadze says.
“Students in CU continue choosing the financial sector and declare that they are going to fight against the crisis and do their best to achieve their goals. It’s really good when young people realize their part in their countr’s development,” Stepanchenko Crouch told The FINANCIAL.
Written By Tako Khelaia