This year, a new term has entered the ring: career cushioning.

It refers to the act of preparing a backup employment plan, in case your current job situation doesn’t work out for whatever reason.

Of course, this concept isn’t exactly new, but in a rapidly changing work landscape that’s being impacted by new technologies, geopolitical conflict and a looming recession, career cushioning should be on everyone’s radar.

In fact, according to Google Trends, search terms around career cushioning have increased by 5,000 per cent in the last 12 months.

Are you wondering about the security of your job and if you should be career cushioning? Here’s everything you need to know.

Keeping options open

Career cushioning is about keeping your options open when you aren’t happy with your current job.

It’s about preparing for possible layoffs by taking measures like upskilling, searching for jobs in financially stable organisations, or even starting a side hustle.

In a nutshell, it’s Plan B in the face of job loss. But it’s also a way for people to feel in control in a time of economic uncertainty.

Here are six ways to career cushion the right way.

1. Check your values

One of the common reasons people don’t feel happy or fulfilled in their jobs is because their values aren’t aligned with their company’s.

For instance, does your manager expect you to be on email every evening and weekend when your priority is your family?

Or perhaps you’re stuck in a toxic environment, when all you want is a creative organisational culture that supports employees’ mental and physical well-being.

By defining your personal values and what matters to you in a role, you’ll be able to determine whether the job you have now is what you actually want.

2. Take time to self-assess

Upskilling is always a good idea. Ask yourself what areas you need to improve – is it more knowledge, experience or education?

At worst, you’ll keep your job and just get better at it, which can help when internal job opportunities arise.

And at best, if you really are laid off, you’ll be ready for whatever the job market has to offer you.

If the company you currently work in offers training opportunities, now is the time to start taking advantage of them.

You can also ask yourself what your long-term career goals are and if you’re on track to achieve them. If the answer is no, plot out your next steps.

3. Stay up to date with industry news

When the economy takes unexpected turns, the market has to adjust. That can create new developments in the landscape of the industry, which can turn into opportunities.

Stay on top of business news and follow all the emerging trends in your industry so that you are ready to take advantage of them should you need to look for a new job.

Sign up to relevant industry newsletters, follow business fields on social media platforms and scroll online job posting websites (like Euronews.jobs).

It’s obvious, but worth a reminder: Update your online professional profile and your CV to make sure they reflect your current experience and the measurable accomplishments you want to showcase, or anything that might catch the attention of a hiring manager.

Don’t forget to focus on your soft skills, too – these days, they’re more important than ever.

4. Network from the heart

Think of your professional network as a garden. It needs to be maintained and nurtured constantly.

Strengthening your network is not only about making new connections, but also nourishing existing ones.

In tough times we rely on communities, and a job search is no different. Tapping the right person at the right time is the magic formula that can help get your foot in the door, so ensure you’re in regular contact with your connections.

You don’t want to reach out to them simply because you’re looking for a favour. Reciprocity is critical to positive networking relationships.

5. Apply and interview

There’s nothing that will sate your curiosity about crafting a backup plan more than getting out there and seeing for yourself what is on offer. Make a commitment to search for a new job and don’t be passive about it – start applying and interviewing.

The act of job searching will make you realise that you have choices, and that you aren’t stuck in one role or company. It’ll also give you a chance to expand your network, as well as get a better understanding of the job market and the remuneration packages for specific positions.

And it may turn out that you get the push you need to move on from a role that feels unstable, or you find a company that appreciates you more than your current organisation does.

6. Consider a side hustle

Something that can help to cushion your career is acquiring a side hustle to give you a bit of autonomy.

Starting a side hustle is an excellent way to earn extra money. It also allows you to experiment with a new idea, or to “try on” a new career.

Some might say that preparing for the worst is pessimistic, but not being ready to pivot when faced with unemployment can be a heavy burden.

Consider the strategy of career cushioning as an insurance policy.

The good news is that you don’t have to wait for an emergency to implement it. You can use it as an alternative path if you’re unhappy with where your career is currently headed.

If you’re feeling uncertain about the economy or your industry, it may be time to start thinking about the next steps for your career.

If you’re interested in exploring new horizons and exciting job opportunities, visit Euronews.jobs where you can browse a wide selection of open roles right now.

Here are three top jobs this week.

Program Manager, GoCardless

GoCardless is a global payments network and technology platform. Based in London, the Program Manager will work with all of the Compliance Managers to relaunch and run all the various compliance programs.

The ideal candidate will be tech savvy, have strong project and program management qualifications, preferably some experience in OKRs (objectives and key results) and experience in running cross-functional, multidimensional programs.

(Senior) Software Engineer, Trade Republic

Trade Republic is an online financial platform that allows its users to buy and sell shares, exchange-traded funds (ETFs) and crypto currency. It’s currently recruiting a (Senior) Software Engineer in Berlin to build and test services and products using tools from the JVM ecosystem such as Kotlin, Spring and Vert.x, Hibernate or jOOQ.

The job description also includes designing cloud services and shipping products via a CI/CD pipeline based on Github Pull Requests, Buildkite, and Container Orchestration. You’ll need three years experience in software engineering and in developing and shipping scalable features within a service oriented architecture.

Senior Financial Analyst, TikTok

TikTok is seeking a Senior Financial Analyst based in London to support its global monetisation business for European enterprise and Global Gaming. The new hire will be responsible for preparing managerial financial reports and budget tracking, providing financial advice to the business team and improving business efficiency.

To apply, you’ll need a Bachelor’s degree (CPA or equivalent qualification), three to five years of financial planning and analysis (FP&A) or similar work experience and will have previously worked successfully to support regional multi-territorial teams across Europe.

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But another area where Sweden is achieving global recognition nowadays is within the tech sector.

Its capital Stockholm has been called the “true jet engine of the Nordic tech scene” and at first glance, it’s not hard to see how it’s earned the title.

The city has already produced numerous billion-dollar companies; in fact it is home to 35 unicorn firms, several of which have disrupted so much about the way we live now.

Those include the buy-now-pay-later fintech Klarna, and Spotify, the audio streaming service that has revolutionised how music is consumed. Other unicorns born here include King, Mojang, and iZettle.

Sweden is also flagged as having the fifth largest pool of potential future unicorns in Europe.

More recent tech sector startups here include LEIA, a post-pregnancy health app. And let’s not forget climate fintech Doconomy and ClimateView, which helps cities around the world reach net-zero through its ClimateOS platform.

In data engineering, Validio has the backing of Swedish football legend Zlatan Ibrahimović.

By Kirstie McDermott

Which sectors to watch

Impact startups are the big ones to watch here. As the name suggests, these are companies that focus on creating a business to solve a major societal problem and create measurable positive change.

The most valued Swedish impact startups in 2021 include Polestar, an electric performance car brand; Oatly, the hugely popular plant-based milk; Northvolt, a lithium-ion batteries manufacturer; Voi Technology, which makes electric scooters, and Re:newcell, which provides recycling and biodegradable raw materials for fashion.

Dealroom reports that the combined enterprise value of Swedish impact startups has grown over 20 times larger than it was in 2017 – faster than any other European hub.

Another big cluster here is gaming and musitech.

Perhaps the latter isn’t so surprising: Sweden has a long history in rock and pop music. Robyn, The Cardigans, Avicii, Europe, Roxette and many more all hail from this Nordic country.

The aforementioned Spotify reigns as the most popular streaming platform globally, and Stockholm was also the birthplace of Soundcloud, now headquartered in Berlin.

Another music tech company founded here is Tidal, created in 2014 and later acquired by Project Panther Bidco Ltd. (owned by Jay-Z).

When it comes to games, Candy Crush Saga is one everyone knows. Created by King, in November 2015 it was acquired by games behemoth Activision Blizzard for $5.9 billion (€5.6 billion).

Mojang, which created the hugely popular Minecraft game, sold to Microsoft for $2.5 billion (€2.4 billion).

What led to Stockholm’s success?

So, why is Stockholm such a fertile environment for these incredibly valuable tech companies? There are a number of reasons.

A late 1990s government policy to put a computer in every home – the “Home PC reform” – enabled one million Swedes to get their first computer. This, along with an early government investment in internet connectivity, sowed the seeds for many future tech entrepreneurs to thrive here.

Sweden also has a generous social safety net for its citizens, which includes national access to free education and mostly free childcare.

There is also good welfare support in place too, including income insurance funds which can kick in if your business fails or you lose your job. Swedish workers are guaranteed up to 80 per cent of their previous salary for the first 300 days of unemployment.

That all helps to take the fear out of founding a new business and helps to foster a culture of innovation.

To add to that, Sweden’s government invests more than one per cent of its GDP in research and development.

But things aren’t all positive, despite the range of social support on offer. Diversity is a challenge according to Dealroom, which reports that less than one per cent of venture capital funds go to all-female founding teams.

Taxation is high too: capital gains are taxed at 30 per cent and income tax can be as high as 60 per cent.

Adapting to Stockholm

As a place to live and work, Stockholm is one of Europe’s cooler capitals. One-third water, one-third green space, and one-third buildings, the city is spread across 14 islands, and is a clean and safe place to live.

It can, however, be an expensive place to move to for work. The country’s finance ministry recently raised its outlook for inflation, forecasting consumer price rises at fixed rates of 7.9 per cent this year and 5.2 per cent for 2023.

Like many other European capital cities, rent in Stockholm is expensive too, but the quality of life and sense of social responsibility here offer a balance.

Those moving from other parts of Europe can expect access to Stockholm’s excellent infrastructure as well as education and healthcare.

And the transition isn’t as difficult for many as it may appear: almost every Swede speaks English, with Sweden coming seventh out of 111 countries in the EF English Proficiency Index (EF EPI) in 2022.

This is a nation filled with recyclers: In 2019, Swedes recycled 2.15 billion cans and bottles, which saved around 180,000 tons of Co2.

Plus, ‘plogging’ started in the city: a hike or jog combined with picking up trash to recycle, it began in Stockholm in 2016 as a response to plastic pollution.

Scotland Jobs

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For several years, we’ve been hearing a lot about the importance of purpose, diversity and inclusion, as well as other environmental, social and governance (ESG) considerations to new generations of workers.

Strong anecdotal evidence suggested that people were turning their backs on higher salaries in favour of working for companies which aligned to their values in these areas.

But the empirical evidence appears to suggest otherwise.

A number of recent studies – some carried out even before the cost-of-living crisis really started to bite – point to salary and benefits remaining the top priority for job changers in Europe and around the world.

Higher pay wins

Research carried out by Indeed and Glassdoor using a database of millions of employee reviews, salaries, and conversations globally, reveals that higher pay is by far the top priority for employees deciding to look for a new job.

The research covered the period from July 2021 to February 2022, prior to the Russian invasion of Ukraine and its knock-on impacts on energy prices, inflation, and interest rates.

Higher pay was the number one consideration for almost one third of candidates. Changing career paths came in a distant second, the top priority for around 15 per cent of candidates, and remote work and greater flexibility came in third and fourth.

These findings were echoed in another piece of research produced by LinkedIn covering 14 countries across the world including the Netherlands, the UK, Germany, France, Spain, and Italy through to August 2022.

A desire for excellent compensation and benefits was ranked number one by candidates, followed by support to balance work and personal life, the availability of flexible work arrangements, opportunities to upskill, and opportunities for career growth within the company.

The lower priority given to career advancement probably reflects the timing of the research.

By August 2022, the global slowdown and the cost-of-living crisis had begun to bite and people were starting to focus on money and other benefits while putting career advancement on the back burner.

Interestingly, job security came in at number seven – ahead of happiness at number eight, while the much-vaunted values of mission and diversity were near the very bottom of the list at 13th and 14th respectively.

Career development and flexibility still valued

The results of a study published by Adecco in January 2022 appear to confirm that time has indeed turned the tables.

The research covered ten countries across Europe, Asia and Latin America, and gathered the views of more than a thousand workers at 155 companies.

Once more, salary was ranked as the top consideration, but career development was ranked relatively highly in third position – again, before the inflation spiral and cost of living crisis took hold.

Flexibility was highly valued by employees in the UK, Germany and the US, where 22 per cent of workers said they valued the option to work full-time at home, compared to a global average of just 9 per cent. Women were more likely than men to rank flexibility as a major factor.

There were some other interesting variations. Workers in France and Belgium were much more likely to prioritise salary, while those in Italy placed slightly greater weight on career development.

Gen Z and Gen Y workers were more likely to be attracted by salary, while older generations focused more on the content of the job and workplace atmosphere. That last finding is relatively unsurprising given that older workers are likely to be more advanced in their careers and already earning high salaries.

Paid overtime and added benefits help

HR and payroll company Remote carried out a survey of 10,000 full-time workers in the UK, Germany, France, the Netherlands and the US earlier this year to find out which employee benefits are most valued.

The research excluded salary and focused on benefits but even then, the most sought-after benefit by UK workers was paid overtime.

Other perks with a clear financial value also ranked highly, such as a four day week for the same salary as five, employer-sponsored occupational pension schemes, and paid health insurance.

It would appear from these studies that considerations like purpose and positive social impact have been overhyped, at least to a degree.

The top priorities for employees on the move are salaries and benefits, flexible and remote working, and other perks like pensions and health insurance.

Employers that will emerge as winners in this new phase of the battle for talent will be those that can combine good salaries and benefits packages with at least a degree of flexible working that puts employees more in control of their own schedules.

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The country plans to reform its immigration legislation to make it easier for third country nationals to work in Germany.

During a press conference held at the Federal Office for Foreign Affairs (BfAA) on 17 January 2023, Federal Foreign Minister Annalena Baerbock said modernising the visa process would mean “turning it upside down”.

Together with Federal Chancellor Olaf Scholz, she emphasised removing bureaucracy and improving digitisation and efficiency of the system.

“We know that we can only guarantee our future, the efficiency of our economy and the efficiency of our social security systems if we have enough skilled workers at our disposal,” said Scholz.

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The country came out on top of the Henley Passport Index’s 2023 rankings.

Japanese citizens can now visit 193 countries visa-free, which amounts to 85 per cent of the world and 98 per cent of the global economy.

How does the Henley Passport Index rank passports?

The yearly Index from global citizenship and residence advisory firm Henley & Partners uses exclusive data from the International Air Transport Association (IATA) to rank the world’s 199 passports. It is based on the number of destinations their holders can access without a visa.

If no visa is required, the country scores 1 point for its passport. This applies if citizens can obtain a visa on arrival, a visitor’s permit or an electronic travel authority (ETA) when entering the destination.

When a visa is required or the passport holder has to obtain a government approved e-visa before departure, the passport receives a score of 0.

Which countries have the most powerful passports?

Just below Japan, with visa-free access to 192 destinations, come South Korea and Singapore in joint second place. In third are Germany and Spain with visa-free access to 190 different destinations followed by Finland, Italy and Luxembourg with a score of 189.

The UK and US didn’t move in 2023 from 6th and 7th place. They scored 187 and 186 respectively out of the 227 countries included in the Index. It seems unlikely these countries will reclaim the top spots they held around a decade ago.

Which countries have the least powerful passports?

Firmly at the bottom of the Henley Passport Index is Afghanistan with a score of just 27 out of 227 destinations – 166 fewer than Japan. It is followed by Iraq with a score of 29 and Syria with a score of 30.

The bottom of the ranking is filled out by Pakistan (32 destinations), Yemen (34 destinations), Somalia (35 destinations), Nepal – Palestinian territory (38 destinations), and North Korea (40 destinations).

The Index finds that only 17 per cent of countries give their passport holders access to more than 80 per cent of the world without a visa.

Do other passport rankings give different results?

The Passport Index by Arton Capital looks at 193 United Nations member countries and six territories. It is updated throughout the year and the latest ranking put the United Arab Emirates at the top with a visa-free access or visa on arrival score of 181.

Second place is held by 11 countries – most of which are in Europe. The list includes Austria, Finland, France, Germany, Italy, Luxembourg, Netherlands, Spain, Sweden, Switzerland and South Korea.

This Passport Index also put Afghanistan, Syra and Iraq at the bottom of its ranking. In 2022, it says, this was mainly due to turbulent international relationships, ongoing conflicts and the risk of people overstaying their visas.

Copyright  Pexels

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But as the cost of living crisis bites, looking for a cheaper way of life is becoming the number one reason for a move.

Some Europeans have flown south, cutting heating bills by fleeing to warmer climes. And in many countries, expatriates salaried by overseas companies find themselves with increased spending power.

So where are the cheapest places to move – and what do locals think of an influx of comparatively wealthy travellers?

Cheapest places in Europe for cost of living

Cost of living index Numbeo has collated data for every country in Europe. They accounted for average rent, cost of groceries, and the price of utilities and entertainment.

Cost of living is not the only consideration before a move, obviously. Safety and other quality of life considerations are also paramount.

Here are four locations that strike the balance.

Montenegro is perfect for rugged mountains and medieval villages

Montenegro boasts medieval cities, ice cold glacial lakes, the world’s second deepest canyon – and extremely low prices.

Numbeo grants the country a rating of 38.9. For comparison, Switzerland – Europe’s most expensive destination – has an index of 114.2.

These indices represent a percentage of the destination’s cost compared to New York city, the search engine’s baseline. So prices in Montenegro are around 38.9 per cent of prices in NYC, whereas prices in Switzerland are 14.2 per cent higher than in the big apple.

Digital nomads can apply for a 2-year visa for Montenegro, with the possibility of a two year extension.

Prices in Montenegro’s capital, Podgorica:

Cheap meal: €6.40

Pint of beer: €2

One-bed flat in city centre monthly rent: €372

Portugal’s bars and beaches are a big draw

Portugal – with its sunny beaches and buzzing cities – is Europe’s most popular digital nomad destination.

Numbeo gives Portugal a cost of living index score of 45.3.

Under the country’s new digital nomad scheme, remote workers will be able to live and work in the country for up to 12 months. To qualify, applicants must earn at least €2,800 per month – four times Portugal’s minimum wage.

Prices in Portugal’s capital, Lisbon

Cheap meal: €12

Pint of beer: €2.50

One-bed flat in city centre monthly rent: €1,207

Croatia’s national parks and ancient palaces

Sunny Croatia is slightly more expensive than Portugal, with an index of 46.7. Beachside cities like Split and Dubrovnik – famed for its ‘Game of Thrones’ filming locations – bring the average costs up. But the Balkan country is nonetheless a low-cost option for expats.

Croatia started offering special visas to digital workers from outside the European Union in January 2021, allowing them to stay for up to a year and exempting them from income tax.

Prices in Croatia’s capital, Zagreb.

Cheap meal: €9.80

Pint of beer: €2.40

One-bed flat in city centre monthly rent: €560.25

Lithuania, for up and coming cities

Lithuania is also popular with digital nomads – particularly youthful capital Vilnius, which boasts an abundance of coworking spaces. Numbeo gives it a rating of 48.8.

Would-be expats from the UK, US, Australia, South Korea, New Zealand or Japan, can apply for a fast-tracked, simplified visa which can generally be obtained in a couple of months.

Prices in Lithuania’s capital, Vilnius.

Cheap meal: €10

Pint of beer: €4

One-bed flat in city centre monthly rent: €720.83.

What do locals think of digital nomads?

Low prices are great for digital nomads – but can have a negative impact on local communities, who suffer from subsequent price inflation and housing crises.

It’s worth noting that the average monthly salary in Podgorica is €628 euros – around a fifth of London’s average monthly salary.

Before moving abroad, do your research into how locals feel about expats, and how you can ethically support the communities that you join.

Learning the local language is a very good first step, especially as you can start before you arrive in the country. Also acquaint yourself with local customs. Not only will this mean that you feel more integrated, but it will also mean you don’t accidentally offend anyone.

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Internationals may apply online or in written form to vacancies in Germany. You can apply directly to companies or organizations even if you are a foreigner. You can usually find job postings on the homepages of the companies as well as in special portals for jobs.

Can foreigners apply for jobs in Germany?

Yes, foreigners can apply for jobs in Germany. Employers then usually check whether you can be employed as a foreigner. For EU citizens, this is automatically possible. For applicants who do not have citizenship of an EU country, it must be checked on a case-by-case basis what options are available, for example, employment as part of a training program, a Bluecard or other options.

What kind of job is available in Germany?

Foreigners may choose from a broad variety of jobs in Germany. Highly in demand are all blue collar workers, e.g. craftsmen, workers in the service sector like drivers, cleaners, and nurses. In almost all sectors and for almost all levels is a steadily increasing demand for staff – starting from apprentices reaching to managers. It is expected that this high demand will even rise in the next few years providing even more opportunities in Germany for workers from abroad.

Is getting a job in Germany easy?

It is very easy to find a job in Germany to apply for. Job boards list tens of thousands of open positions every day. All you have to do is browse through these job boards and you can apply directly. However, it is often difficult for foreigners to apply for these positions, as certain application standards apply in Germany. Among other things, one should pay attention to a properly prepared, current and complete resume. Many applications fail because the application documents are not sufficient.

Looking for a job in Germany: Facts about the German labor market

Are women employed in Germany?

In 2018, 76% of women between 20 and 64 years of age in Germany were in employment. As reported by the Federal Statistical Office (Destatis) on 8 March 2020, the share of women in employment increased by 8 percentage points between 2008 and 2018 (2008: 68%). This means that in 2018 Germany had the third highest female employment rate in the European Union (EU) after Sweden (80%) and Lithuania (77%).

What are the working hours in Germany?

In 2018, full-time working men in agriculture, forestry and fisheries had the longest working hours at 49.9 hours per week and the shortest in manufacturing at 40.4 hours per week. The same applies to women in full-time employment, but with lower weekly working hours of 45.3 and 39.6 hours respectively. As further reported by the Federal Statistical Office (Destatis), part-time employees worked between 15.4 and 22.7 hours per week depending on the sector.

What are the current developments in apprenticeships in Germany?

In many craft trades, the number of new apprentices is declining less than the average for all training occupations. This is shown by a special evaluation of the Federal Statistical Office (Destatis) on the occasion of the Skilled Worker Immigration Act which will enter into force on 1 March 2020. Overall, the total number of newly concluded training contracts fell by 14.1% from 607,600 to 521,900 between 2008 and 2018.

The number of training places reported for 2020 has so far shown a decline. The number of applicants is also again lower than in the previous year. However, counselling and placement services have only just begun in the current counselling year. The chances for foreign applicants therefore remain high, even though travel restrictions due to the corona pandemic may play a role.

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What job offers can you claim CRS points for in Express Entry?

Not all job offers will earn you CRS points on your Express Entry profile. In order to get points, your job offer has to be considered valid under Express Entry.

Immigration, Refugees and Citizenship Canada (IRCC) states that to be considered valid under Express Entry, a Canadian job offer must be for a job that is:

• Full-time and non-seasonal;
• For a minimum of at least one year;
• For a job offer at Skill Level 0, A, or B, according to the National Occupational Classification (NOC) system; and
• Supported by a positive Labour Market Impact Assessment (LMIA), or exempt from needing one.

If you are claiming points for a job offer under Express Entry you will have to provide a copy of the written job offer outlining your position, your duties, your salary, and your conditions of employment. As well, you must include proof of your LMIA or LMIA-exemption.

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Here are a few skills that can be beneficial when working in programming:

Programming languages

Almost all programming jobs involve working with a programming language, also known as code. It’s important for someone who wants to work in programming to be comfortable writing, reading and fixing code. Although some jobs may only use one or two programming languages, it’s also extremely helpful to know multiple kinds so that you can easily adapt to different jobs and projects.

Self-motivation

Many programmers work on projects independently or have independent roles within a team. In both cases, it’s beneficial for a programmer to be self-motivated and able to start on a project without a specific direction to do so. Self-motivation is also a helpful skill for getting programming jobs without experience, as it makes it easier to teach yourself skills like coding.

Problem-solving

Many people working in programming rely on problem-solving skills almost every day. Programmers frequently work with new software, applications or other technology that can have errors or bugs. They also might work as IT support, which involves helping people solve their technological issues. Programmers use problem-solving skills to assess technological errors, track the source of these issues and create solutions.

Persistence

Persistence is an extremely valuable skill for programmers because their work can be complex and take time. For example, a programmer might find a bug in the code they’re testing and track it to its source, only to find another bug. They may have to test multiple solutions before finding one that works, and a solution for one bug may make another bug worse. If a programmer has persistence, it’s easier for them to navigate this kind of lengthy challenge.

Organization

It’s common for programmers to work on multiple projects with different deadlines, and each project may have many parts. It can be much easier for them to successfully complete all these projects if they have strong organization skills. This can include having a clear plan for meeting deadlines and assigning priorities to their tasks, but it can also include organizing their computer and code. A well-organized computer makes it easier for programmers to find the files they need, and tidy, organized code is beneficial for anyone who works with it.

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