will Recession effect your job ?

carlos30

Hi Boards people

I am pretty worried really , I broke into estate agents game and auctioneering maybe 3 years ago , I was a sales rep for a few companies and I done a the IAVI exam to get into the Auctioneering industry , I work for a company who sell and let but lucky enough we specialise in letting which is the bread and butter of most estate agents , and we do quite well

Now I never made huge money etc so please dont reply and say that I have been coining it for years cos I have not , I had a good salary but nothing major , enough to pay bills etc

I just want to know does anybody else feel that their career or job will be effected by this recession , Im just hitting 30 and I dont have many options to get into other industrys especially if this recession kicks off

should I start looking around now , or trying getting into state jobs , or seen what happens , I dont really want to work abroad as I done this when I was younger

I dont mean to sound like I am major panicking but from media reports and the general consensus from people everybody service industry will be hit in some way

what do people think ?

I had plans to buy and house but with no confidence in the future I dont really know what to do ,

Karoma

Moved. Feel free to move back if you like, or the OP insists.
(Just trying to spare everyone 1 page of "OMG!?1 Another thread on this in AH?!")

Princess Consuela Bananahammock

In answer to your question: no, I moved abroad!

I think you may need to be a bit more felxible with your skills. Sales experience is sales experience, no matter what you're selling.

The other side of the fence, of course, is that if you had taken out a mortgage, then you really would be worried.

kmart6

Not me....2 other people will have to be got rid of first:D....well not for them:)

snellers

sounds like you are very lucky - no mortgage, debt free ? (if so that is great of course), coupled with excellent sales experience......companies always need good sales people.

keep your head down, hit those targets as best you can and see how it goes - no point in panicking......with less people getting on the property market I would think that demand for rental property will continue to be good foir the foreseeable future -



Could get hit by a bus tomorrow!

Gillo

Working in FMCG retailing, yeah it's going to affect me commisionwise, but as for job security I'll be safe enough.

IMHO I'd say at the moment theres a lot of scaremongering more than anything else, that scaremongering will in turn fuel the recession, people tend to worry to much.

The Hill Billy

As an IT contractor specialising in Banking & Telecoms (but can turn my hand to any industry) I'm not very optimistic about the coming months (years?! :eek:).

That said - I'll pick spuds, paint fences, walk dogs, you name it, to provide for the Billy family.

helimachoptor

Hill Billy wrote: »

As an IT contractor specialising in Banking & Telecoms (but can turn my hand to any industry) I'm not very optimistic about the coming months (years?! :eek:).

That said - I'll pick spuds, paint fences, walk dogs, you name it, to provide for the Billy family.

Agreed. Op I'm moved to a new job and got 10k more that what I was earning (telecoms) the company that I am leaving are looking for a lot of staff aswell so I'm not sure things are so bad as people make out.

As said above it's scaremongering. Things aren't great but these things are cyclical.

KTRIC

I moved abroad a year ago and I'm glad I did. Everybody knew that the economic boom wouldn't last. You were only kidding yourselves if you thought it would last for ever.

NinjaTruncs

IMO this whole talk of recession is blown out of the water. It could be what the gov want to keep expectations down for the next round of pay talks with the public sector.

I'm not saying there isn't a down turn, but i don't think it is as bad as we are being told by the media. But i'm no expert so i could be wrong.

WE are talking ourselves into it tbh I'm sick of hearing about this

fret_wimp

Im an IT pro in my current company just over a year now.Im not terribly worried yet, but i wont be looking to move any time soon for a number of reasons:

1. There were two guys taken on after me in the dept so chances are they will be cut first ( unless theres a huge cut of jobs).

2. Id rather be somehwere that i know the layout of, and that i am usefull, rather than spend 6 months in a new company getting to know the ropes, not being valueable.

echosound

Already has effected me, and quite a few of my friends. Let go a few weeks ago due to downturn (was working in an area that depended on getting advertising in, and businesses don't have the spare cash to budget for a lot of advertising anymore). Lots of friends have also been let go in cost-cutting exercises, within various sectors from manufacturing to services to building/property trade, and quite a few developers have gone bust.

It mightn't have hit Dublin just yet, but it's certainly hitting a lot of regional areas. Many business owners I know are struggling to keep afloat what with fuel increases and general day to day expenses which are going through the roof.

Myself and my partner saw this coming the guts of two years ago and have been working towards getting ourselves into a position to weather the storm, and may look to emigrating in the next two years once one phase of our plan is complete.

Sherifu

KTRIC wrote: »

I moved abroad a year ago and I'm glad I did. Everybody knew that the economic boom wouldn't last. You were only kidding yourselves if you thought it would last for ever.

Also moved, I still don't think it's half as bad as people are making out...

Sposs

The only real threat of job loss is in the low skilled sector , call centres , manual labour etc etc , There is still tons of job vancancies for high skilled sectors in IT , science and engineering. Most companies in these sectors are struggling to fill vacancies which is more of a worry.

People have been told to upskill for years , those who did not are now paying the price.

shoegirl

I'm bemused at all the people who believe they are safe because other people will be cut first. In my extensive experience of layoffs in IT the people to be hit first are those who work in departments that are least valued, easiest to move, or large groups that seem easily open to milking people for greater productivity. Or outsourced easily of course.

Another thing I've often noticed is that if a group is perceived as difficult or unproductive management will often engineer things in a layoff scenario to get rid of them. A good example of this is a certain airline who sold off or closed divisions known for having lots of bolshy union activists. A lot will depend on your companies level of exposure to reduced spending in the countries worst hit by the recession and what kind of cost base you have here.
A lot of US and UK multinationals compare the cost base here to that of the south east of England and the USA, so it isn't always a sure thing to assume your job is going to Jakarta or Chennai.

I recall a company I worked for who opened a substantial operation in Indonesa. It was all fine and dandy until the Jakarta hotel bombing . . . and then they realised how much they were REALLY saving . . . the place was closed for days.

Rental agencies should be ok, if you handle rent subsidy tenants then you'll probably milk it as this is going to be a huge growth area as the government pushes the housing list back into the rented sector.

connundrum

A year and a half ago I could see it coming, well I could mainly hear it coming with the amount of people ringing me to sell sell sell their foreign property they could no longer afford.

I'm still in the property game, but on the management end of things so its fairly safe. Still, I don't think the yearly salary increase will come into effect, therefore I don't know how long I can stay.

Inflation is up, but salary is stagnant for 2 years.

Nolanger

Don't know about being effected by this recession - might be affected though.

Feelgood

Recession is just a big word to freak everyone out basically. Basically the property boom was a big chunk of our economy, now that there is roughly 3 houses for every person in Ireland the property boom is gone so that part of our economy is knackered and all of a sudden we are in a recession?.

Loads of people talking about job cuts, outsourcing, this and that, load of bullcrap if you ask me.

Take the IT trade for example, if a company decides to outsource to India or whatever, it would take approximately 2 years to plan. From moving equipment, training new staff, project plans etc etc. Again they get it organised Ireland will be back on its feet. I.T. is booming at the minute and I am noticing it first hand. All the outsourcing deals in Ireland are going to companies in Ireland such as HP and IBM.

I think ye are all just paying way too much attention to the media.

damnyanks

Recession is coming it hasnt hit. You'll notice over the next 12 months how it will affect you.

If you work in the service industry it will hurt your company first.

Agent Smith

Deleted User wrote: »

WE are talking ourselves into it tbh I'm sick of hearing about this

hear hear


"We have nothing to fear but fear itself." - Franklin D. Roosevelt

Keano

Has already. Work for a manufacturing plant that is moving operations to cheaper countries. Not entirely down to the recession but wages in the plant are way to high to maintain profits.

DéiseGirl

Agent Smith wrote: »

hear hear


"We have nothing to fear but fear itself." - Franklin D. Roosevelt

Am I the only one who's now avoiding the news (well at least the Irish news anyway) and newspapers like the plague these days. They totally harsh my mellow

Todoquetengo

I too am avoiding the media, yes things are slowing down and I know people who've been lost their but have managed to find something else (maybe not as good but still is a job). I've just changed jobs myself and although the company seems safe enough who knows?

So whatever happens will happen and I'll deal with it then. I can't imagine it getting like the 80s was (my Dad still goes on about it!) and we've had it very good for the last 10 years so that couldn't continue but as someone pointed out we will talk ourselves into a recession with all the scaremongering :eek:

microbio

Sposs wrote: »

The only real threat of job loss is in the low skilled sector , call centres , manual labour etc etc , There is still tons of job vancancies for high skilled sectors in IT , science and engineering. Most companies in these sectors are struggling to fill vacancies which is more of a worry.

People have been told to upskill for years , those who did not are now paying the price.

I can't speak for the IT and engineering industries, but science in some areas has hit a downturn and I have been affected and I quite worried about future employment.
I am currently unemployed while writing a thesis (which suits in some ways and really doesn't in others- I would prefer to be working) and have been told by agencies that I am too over qualified for most positions so they will not put me forward. My last contract was in the public sector and there has been a massive drop in funding so there are very few postdocs in my area (which was booming when I started my PhD).
I have recently applied to the civil service in the hope of getting a secure job-for-life..so fingers crossed. Although with the amount of applicants... I won't hole my breath!

sunnyside

Sposs wrote: »

The only real threat of job loss is in the low skilled sector , call centres , manual labour etc etc , There is still tons of job vancancies for high skilled sectors in IT , science and engineering. Most companies in these sectors are struggling to fill vacancies which is more of a worry.

People have been told to upskill for years , those who did not are now paying the price.

I think I heard on the news yesterday that unemployment would go up to 7%. So that's higher than now but if that was the case 93 people in every 100 would have a job. Surely that's not so bad.

I'm not too worried (and I have a mortgage) which I'm actually glad I have because hardly anyone is getting mortgage approval at the moment. The house is my home more than it's an investment.

I think what might happen is that a lot of the Eastern Europeans will go home and Irish people will go back to working in sandwich bars and supermarkets.

Sephiroth_dude

I work in manufacturing,and we've been affacted,we produce appartment units for the construction industry,we are now finishing up our last irish job,and from here on in we'll have to rely on the english construction industry for contracts,because the work just aint here anymore,we had major layoffs in march.

kelle

I work for the HSe. The hospital I work in has been downgraded in recent years. Now the HSe is in dire straits financially, and I just know that the hospital is gradually closing down (despite a HUGE population increase in the area!). Others I work with are planning to move to private practices, but I feel the general public are tightening their pursestrings and are no longer going to fork out for private treatment.
The job is so handy, I enjoy it and it's only 20 minutes drive from home. Moving to a farther hospital would not be an option.

gurramok

Feelgood wrote:

Recession is just a big word to freak everyone out basically. Basically the property boom was a big chunk of our economy, now that there is roughly 3 houses for every person in Ireland the property boom is gone so that part of our economy is knackered and all of a sudden we are in a recession?.

A huge chunk of our economy largely depends on consumer spending and credit is getting tighter hence it is affecting a large amount of jobs.
Watch the retail sales, they are down month on month, that means people have been tightening their belts since at least xmas and it feeds down to job problems in certain sectors.

I work in IT, 2 people have been let go in my area in the last 2 months. Rest of us have to wait till next year for news, the uncertainty is there.
Regarding IBM, all positive about IBM but i wouldn't trust them. After all, they moved the ex-Xerox jobs(all 900) to Bangalore, Sofia and Manila very fast despite having IBM facilities here to keep them on.
MNC's have no loyalty at all to Ireland, thats the biggest worry.

Newaglish

I work in an insolvency practice so for me, recession = great.

And for all those people saying it's just scaremongering - we haven't been as busy in years, and the recession is just getting started!

Red Alert

If we lose the corporation tax we're screwed. I guess Interim Justitia will be recruiting though if there's a recession on the way so we should all toss in CV's there.

EmilioB

I've decided to go back to do a masters rather than get a job, I've been unemployed for a few months.

Was due to interview for a big name bank recently when i was told on the morning of the interview that all new jobs were being put on hold.

This made me decide for definite to go back. There is so much uncertainty, that i think if i started a job i could be laid off within months at their whim with nothing to fall back on.