4 Stable Careers that Resist Economic Downturns
Afraid that you might lose your job soon? Or not too sure about the best jobs to take in an uncertain economy? We understand; it’s a tough world out there. But while no job is 100 percent recession-proof, there are a few positions that are less likely to be adversely affected if the economy goes south.
Who doesn’t want two months off in a year to holiday and spend time with family? Aside from extracurricular activities and curriculum planning during the school holidays, teaching gives you just that. But while having the June and December holidays off is nice, stable employment definitely takes the cake.
The education sector is known to ride out economic uncertainties. After all, a down economy does not mean that you get to hit the snooze button and skip school. There will always be students in Singapore. As such, there will always be a need for educators.
Don’t get us wrong, though! Teaching is not for everyone. The job requires you to juggle teaching and administrative duties, on top of tending to students. If you have a passion for teaching and unending patience, teaching just might be your calling in life!
30,000 — that’s the number of additional healthcare workers we will need in Singapore by 2030. These include highly trained nurses, who can head clinics in primary and community health settings. The healthcare sector is facing a resource crunch as fewer younger nurses replace retiring ones. That can only mean one thing — nurses are in high demand, even in the current economic climate.
So what do you need to apply for a career in nursing? For starters, you have to be prepared to a jack of all trades. Whether at a hospital or a private practice, you must be able to transfer your skills according to your workplace. To pursue a nursing career, you must first have a bachelor’s degree or diploma from a nursing programme.
Working the night shift when public transport is scarce? Rent a car with Grab from as little as $50 a day and cruise to and from work without ever having to pay for cab rides. Since ridehailing companies let you determine your driving hours, you could pick passengers up along your route for a little extra cash.
No matter how uncertain the economy, we will always need proper regulation of finances. After all, someone has to pay employees for their work and account for the day-to-day transactions of a business. For that to happen, someone has to ensure that public and financial records are accurate.
Few people possess the qualifications to be an accountant or auditor. Interested in this career path? You must first earn a bachelor’s degree in accounting or a related field. But if you want a steady job that doesn’t require expensive training, you could always stick to one of the other career options above!
More people in Singapore are taking on temporary jobs over full-time ones because of the much-vaunted flexibility and pay that these part-time job gigs offers. One example of a stable part-time job gig is driving with a ridehailing company such as Grab. If you had asked anyone about ridehailing five years ago, you would probably have been faced with blank stares. Today, driving and riding in a GrabCar is as common as — if not more common than — flagging down a taxi. If you need a job, ridehailing is as stable a gig as you can get right now.
Not only does the driving job lets you decide the hours you work, it also gives you the invaluable experience of learning to take control of your life. Need to save up for your annual family vacation? Drive longer hours. Have a family gathering to attend at night? Make up for the lost hours by taking a different shift, perhaps from 12-6pm.
Looking to earn as much as $5,000 a month? Look no further than Grab. A bonus? Applying to drive for Grab is a seamless process and will take you just one day to complete.