Contrary to the experience we had in 2008/2009 when the finance industry suffered from a severe setback we do not observe the same cut-down in recruiting. Even companies that announce great numbers of job cuts do fill the job pipeline with young graduates that can provide the skill set required for roles in digitalisation and AI.
It is now up to Career Counselling to advise students on a diverse and changing job market.
Though not specific to recession planning we continue to focus on nurturing a broad and diverse portfolio of employers. Diversity across industries, non-profits, NGO’s, and also diversity among job functions is what will best position our students for continued success. Also, instilling ‘scrappy’ behaviors in our students – resiliency, research, networking, etc will help them find the fewer jobs that will be out there.
Yes, loosely starting to discuss pipeline strategy, as well as looking at impacts of past recessions as well as if we don't see similar admit gains. Strategic discussions only at this point, including alumni, leadership, program and career.
We have implemented a process of outreach to alumni in target industries to generate potential leads, and at the leadership level are beginning to reimagine our offering if we move into a recession - what would this mean for coaching, training, staff skills and resources, budget, job leads....