Interviewing during a recession? Questions you need to ask the interviewer
Use these 5 questions to vet your interviewers during a recession!
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- Posted 2 years ago
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- Interviews
Use these 5 questions to vet your interviewers during a recession!
Interviews are a two-way street. Yes, you want the hiring manager to know youâre the right candidate. But you also want to make sure theyâre the right company for you. And trust us when we say not all companies are born equal! Thatâs why you ask questions at the end of your interview. But itâs even more important for you to find the right company in times of uncertainty. And as you know, inflation is rising. So you need to find a company thatâs built to weather the storm. Make your job security a priority.
To minimise your job-hunting stress, weâve prepared 5 questions to ask interviewers during times of economic uncertainty.
When on the brink of a recession, companies need to prepare as much as possible. Itâs not a question of âwaiting and seeing how it goes.â That screams trouble. You want to hear about all the ways the company is preparing.
As we said before, your job security should be your priority. But you want to be cautious of choosing a company thatâs laying off staff left, right and centre. Because chances are, it wonât be long before the redundancy tirade will land on your doorstep. If the company has been laying off staff, ask them what reassurances they can make that your job will be safe.
This question depends on the age of the company. If they have survived a recession, this is a good sign. It means the company has experience in dealing with financial hardship. Ask about what they went through. What challenges did they face? And how did they overcome them?
Recessions impact every company. Some companies lose earnings. Others cancel product launches. It varies from company to company. So find out exactly how this is being felt by the company. Itâs normal for companies to stop focusing on growth during economic downturns. Instead, they focus more on stability.
Just like most companies are affected by economic uncertainty, so are most industries. Look at the pandemic, for example. The travel industry completely shut down. And so did hospitality. But at the same time, online shopping platforms like Amazon shot through the roof. So itâs important to understand the challenges of each industry.
Proceed with caution when job hunting during economic downturns. You want to find a company that can provide as much job security as possible. Although asking these questions can feel awkward, itâs totally necessary. Not only does your job depend on it, but your life too. Itâs kinda a big deal! So look for those companies who have experience handling recessions and are prepared for worst case scenarios!
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