In times like these, when hiring freezes and layoffs happen, opportunities still exist for skilled individuals to pivot to a career in consulting.
As consultants, our skill sets are in high demand – helping companies save money, remain agile and adapt, while helping them achieve their transformational goals.
Reasons why a career in consulting is a strong opportunity, particularly during times of economic uncertainty:
- Increased demand for cost-saving measures
- A desire for companies to pivot
- Flexibility to adapt to market needs
- Building a broad skill set and strong reputation
- Flexible and exciting work life
Increased demand for cost-saving measures
The technology industry experienced a major downturn last year, as evidenced by a 33% drop in the Nasdaq. The driving factor in the current wave of mass layoffs is organizations’ attempts to cut costs.
Consulting is an attractive option for businesses because it enables them to add staff without adding headcount and to save some of the usual costs associated with having staff, such as healthcare plans and holiday pay (which the consulting firm pays for).
Furthermore, consultants are often skilled in identifying areas to reduce expenses, optimize operations, and improve efficiency. This further increases organizations’ financial health when they need it most.
A desire for companies to pivot
During times of economic instability, companies may seize the opportunity to pivot their business models or explore new markets. In these scenarios, organizations often turn to the expertise of consultants.
As a consultant, you can leverage your skills to help companies identify new opportunities and develop a strategic roadmap to achieve these objectives and drive growth.
Flexibility to adapt to market needs
Different companies surge and others suffer based on shifting conditions and market demands. For instance, during the COVID-19 pandemic, revenue in the technology sector surged while the hospitality and travel industry plummeted.
A career in consulting allows you to adapt to market needs and changing trends. You can focus your efforts on the industries that remain in high demand during a recession – the areas in which your skills are needed most.
Building a broad skill set and strong reputation
A consulting role gives you experience solving a wide array of business problems for companies in a variety of industries. This exposes you to diverse perspectives, learning styles, and environments. It also enables you to build a strong reputation across a wide network.
These diverse skills and experiences make you extremely marketable and desirable, establishing you as a preferred partner for businesses even during financially challenging times.
Flexible and exciting work life
Like almost all careers, consulting went largely remote during the pandemic and this trend is expected to continue. This means you have the flexibility of working from home at least part-time, as well as expanding your reach to work with organizations across the country.
Because consultants work on a variety of projects across an array of industries, it’s hard to become stagnant in your work.
At AIM Consulting, our team members are passionate about challenging themselves, doing what they love, and pursuing continuous learning and growth.
Why AIM Consulting?
AIM is composed of explorers of knowledge, innovators through actions, and engineers who are focused on people above all else.
As an organization, we’re committed to understanding you, your strengths, and your aspirations – and then providing the right opportunities to support your growth and achieve your career goals. There’s a reason why we’re consistently recognized as a “Best Place to Work.”
It’s an exciting time to be in technology consulting. Join a team in which you feel valued, challenged, and supported, even during the most difficult times.
Picture Yourself Here.
Interested in pivoting to a career in consulting? Join our team and help companies tackle their most challenging technology projects.