Treasury Minister Eddie Teare says a flexible workforce will be key to improving the fortunes of the Manx economy.
In last week's budget, Mr Teare announced a growth expectation of three per cent in the coming year, despite the squeeze.
He said a varied picture's unfolding, with traditionally buoyant sectors like finance contracting while some niche industries grow.
Three hundred government posts are to be closed in the next three years and a new initiative's to be announced soon to halve the number of long-term jobless to 100 over two years.
Speaking on Sunday Opinion, Mr Teare said government and the working population have to make the most of the opportunities available:
Isle of Man Government welcomes Middle East ceasefire
Police warn school leavers underage drinking has 'serious consequences'
Gas supplier provides reassurance amid ongoing global market volatility
Farmers in race against time after freight backlog in Heysham
Further changes to sailing schedule due to tidal restrictions