But even in gloomy times, there are steps you can take to keep your career moving forward. Here are some to consider:

 

Assume a new responsibility. Ambitious accounting professionals can usually find new responsibilities to take on. Lean times, in particular, often provide greater opportunities for individuals to showcase their skills or grow in new directions. If your company has had layoffs or implemented a hiring freeze, there are probably numerous new ways in which to excel. Look around you and see where there are business needs going unmet or what more you can do to enhance your employer’s bottom line. By pursuing an unfilled need, you can take on an additional challenge while building your resume.

 

Be proactive. One of the worst things you can do during stressful or difficult economic periods is to assume a bunker mentality, feeling you are somehow being mistreated and becoming overly defensive. When companies are facing challenges, bosses look for employees who can withstand the pressure and contribute in even more significant ways than during brighter times. Rather than hunkering down and waiting for conditions to improve, be proactive. Pay attention to business priorities, and look for innovative solutions to the problems at hand. And don’t wait for your boss to come to you. If you have a good idea for reining in costs or eliminating inefficiencies, speak up. Anything you can do to help your firm’s performance – while also making your boss look good – is sure to improve your professional standing.

 

Gain a new skill. Even if there don’t seem to be immediate advancement opportunities at your firm, don’t allow this forced inertia to stifle your professional learning. In fact, this is an ideal time to shore up your career by acquiring new knowledge or enhancing your existing skills and abilities. For example, you might want to take courses to improve your soft skills or consider volunteering to become your firm’s go-to person on an emerging issue, such as International Financial Reporting Standards (IFRS). Building your expertise in an area of growing demand can enhance your job security and boost your career – and salary potential – when business conditions improve. Your company might also be willing to subsidize your training.

 

Build your professional network. Getting involved in industry and business groups can be a good way to add luster to your work life in a down economy. By joining a professional association or similar organization, you can nurture your enthusiasm for your career, expand your circle of contacts, and stay on top of trends in accounting and finance. Whether you’re hoping to advance at your current firm or change employers when the economy improves, being active in professional groups can help you lay the foundation for the next step in your career. Moreover, the professionals you meet can be valuable sounding boards, allowing you to compare your experiences and offer mutual support.

 

Avoid hand-wringing. In addition to taking proactive steps, keeping your career afloat during turbulent times is often as much about what not to do. Even if there is an atmosphere of tension or uncertainty in your company or department, don’t conduct yourself as though you’re waiting for the ax to fall. Incessant worrying – especially if it’s expressed by engaging in gossip or speculation with colleagues – won’t do anything to improve business conditions or change the course of events. It could, however, hinder productivity, harm your reputation and possibly make you a target if layoffs occur. Focus your energies instead on making yourself indispensable.

 

Although the short-term business outlook may seem gloomy, your career prospects don’t have to dim along with the economy. By continuing to build your skills and seeking to make a greater contribution in your current role, you can emerge from the downturn as an even more valuable team member.

For more management and career advice, listen to Robert Half’s podcast series, The Management Minute, at www.rhi.com/podcast.

 

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Andy Denka is the executive director of Accountemps, the world’s first and largest specialized staffing service for temporary accounting, finance and bookkeeping professionals. For more information about Accountemps, a division of Robert Half International, visit www.accountemps.com.