Tips to secure your future despite an unsure economy
by Brandpoint (ARA) Sponsored Content
Oct 27, 2013 | 10309 views | 0 0 comments | 60 60 recommendations | email to a friend | print
(BPT) - Despite the recent deal to re-open the government and gains in the economy, the business community is still somewhat skeptical about the economy's stability.

This information comes from the latest Economic Sentiment Survey issued by Walsh College, a private, not-for-profit institution offering upper-division undergraduate and graduate business and technology degrees and certificate programs.

While many employers acknowledge that overall business conditions are improving, respondents generally feel the present recovery is fragile and the health care changes might potentially slow the recovery down.

With the recent passing of the Patient Protection Affordable Care Act (PPACA), also referred to as Obamacare, the Economic Sentiment Survey revealed that 73 percent of business-educated respondents believe the impact of the PPACA on the economy over the next five years will make things worse or much worse.

As corporations face the challenges of big economic issues like health care, it's important for workers of all ages to proactively secure their future in an unsure economy. John Moore, professor of finance and economics at Walsh College, provides the following advice on protecting yourself in an economy currently in flux:

Improve your work skill sets

Companies will pay the higher costs of employment when an employee has special or unique skills. Research certification programs for new skills related to your field, get certified and make yourself more marketable. Skilled labor will get hired full-time, while unskilled labor will not.

Increase your intellectual capital

The majority of jobs in the American economy are based on education level. High-paying career fields include engineers, business professionals, medical personnel and other service-based industries. These types of employment generally require a strong educational background. Now is the perfect time to apply for graduate school and further your education.

Be flexible

Business students and professionals need to make sure they are capable of working in many roles and are flexible to rapidly changing environments and circumstances. Look for opportunities to expand your skill base beyond your current responsibilities. If your company opens another office, are you flexible enough to re-locate? Or if you need to take the lead on an assignment, are you willing to do so?

Learn the law

The legal landscape in the United States continues to evolve and shape the way Americans live. It also provides new challenges for businesses. Individuals who understand the law and its impact on the economy will be positioned to proactively provide solutions for their employers.

Copyright 2013 The Times-Independent. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

report abuse...

Express yourself:

We're glad to give readers a forum to express their points of view on issues important to this community. That forum is the “Letters to the Editor.” Letters to the editor may be submitted directly to The Times-Independent through this link and will be published in the print edition of the newspaper. All letters must be the original work of the letter writer – form letters will not be accepted. All letters must include the actual first and last name of the letter writer, the writer’s address, city and state and telephone number. Anonymous letters will not be accepted.

Letters may not exceed 400 words in length, must be regarding issues of general interest to the community, and may not include personal attacks, offensive language, ethnic or racial slurs, or attacks on personal or religious beliefs. Letters should focus on a single issue. Letters that proselytize or focus on theological debates will not be published. During political campaigns, The Times-Independent will not publish letters supporting or opposing any local candidate. Thank you letters are generally not accepted for publication unless the letter has a public purpose. Thank you letters dealing with private matters that compliment or complain about a business or individual will not be published. Nor will letters listing the names of individuals and/or businesses that supported a cause or event. Thank you letters about good Samaritan acts will be considered at the discretion of the newspaper.