Recession and MS Grads
The word recession is out everywhere, like a virus , spreading and disrupting the world economy like a quake.Wait., we know that , then whats in this post useful to us?.oh, yeah. Did you think that the recession has impact over everyone , even the baby that's yet to born.so ,what?
Hmmm...Thought of your education and the finance needs???
>> Employers nationwide have readjusted their hiring projections as economic conditions continue to worsen, and the news isn't good for local college graduates.
>> A survey by the National Association of Colleges and Employers shows that employers plan to hire just 1.3 percent more graduates in 2009. That's down from an August survey showing that employers anticipated a 6.1 percent increase in hiring.
>> "There are still going to be opportunities, but there are fewer," said Drema Howard, the director of the University of South Florida's career center. "We're seeing employers be much more selective."
>> Schools such as USF and the University of Tampa are seeing far fewer postings on their job boards -- 45 percent fewer at UT from this time last year -- and far fewer employers visiting job fairs.And recruitment season has only begun.
>> "I think there's so much change that's happening so quickly, it's hard for employers to gauge what's happening," said Tim Harding, UT's career services director.
>> Howard and Harding said they were surprised the survey showed a significant downward adjustment, but expected things to be hard for students.
>> Even so, they each say students aren't completely out of luck, particularly those willing to network. Students also are landing jobs in accounting and in the federal government.
>> "You can't assume there are no jobs" Howard said.
>> According to Beyond.com, Tightening Hiring and Training Budgets Will Require Entry-Level Candidates to Raise the Bar to Increase Chances of Job Search Success.
According to Beyond.com, Inc., the world's largest network of online niche career communities, recent college graduates, made up mostly of the Millennial generation, are likely to be hardest hit by the worsening economic decline. Not only will these job seekers feel the largest impact due to the economy, but it will also be the first time many Millennials have experienced an economic downturn.
With looming recession worries, many companies will begin tightening hiring and training budgets, making them leery of hiring recent graduates who often require additional investments of time and training to get fully up-to-speed. Rather, employers will tend to seek out one exceptional candidate with standout credentials as opposed to several individuals with average qualifications.
"As college graduation nears, many new graduates will soon be launching their professional careers in the midst of what may be a significant economic downturn. However, many individuals from the Millennial generation have little or no first-hand experience of how to deal with periods of economic recession, which could potentially affect their chances of finding their first job" said Rich Milgram,
CEO of Beyond.com, Inc. "To be successful, these job seekers will need to take every avenue of opportunity to sell themselves as a valuable, dedicated employee."
Tips on how MS Grads can stand out from the crowd:
-->Gain more experience -- Job seekers should increase their hands-on experience and broaden their skill set by doing additional internships, co-ops or apprenticeships.
-->Consider further education -- Considering a Masters program can help make a job seeker more attractive in the workforce and this value will only increase as the economy begins to turn around.
-->Leverage certifications --Job seekers can stand out by taking certification courses within their field to master their current skill set.
-->Go niche-- With competition for entry level jobs increasing,job seekers should seek alternatives ways to search for jobs.Niche career communities are a valuable, yet sometimes overlooked, resource to connect with employers through highly relevant searches and networking tools.
-->Prove long-term value -- With HR budgets potentially tightening, employers are looking for candidates who plan to stay with the company long term, so it is important for job seekers to convey their future plans duringinterviews.
-->Review all correspondence -- Job seekers should check and double spell check their resume, emails and thank you notes.Typos and grammatical errors can break a candidate's chances for a competitive position. Get a second opinion before you send out correspondence!
Although these tips will be helpful in receiving their first job offer, it is important for new graduates to keep the momentum going once they start their new career. The possibility of an economic recession is leading employers to set high expectations for new hires. As a result, it has become more important than ever for job seekers to leverage their experience, enthusiasm and long-term value to employers to have the best chances of surviving potential layoffs due to budget cuts and downsizing.
Look Pals all we need to do is give our best even in this worst situation. Hold your hope. We will Win:)
Hmmm...Thought of your education and the finance needs???
>> Employers nationwide have readjusted their hiring projections as economic conditions continue to worsen, and the news isn't good for local college graduates.
>> A survey by the National Association of Colleges and Employers shows that employers plan to hire just 1.3 percent more graduates in 2009. That's down from an August survey showing that employers anticipated a 6.1 percent increase in hiring.
>> "There are still going to be opportunities, but there are fewer," said Drema Howard, the director of the University of South Florida's career center. "We're seeing employers be much more selective."
>> Schools such as USF and the University of Tampa are seeing far fewer postings on their job boards -- 45 percent fewer at UT from this time last year -- and far fewer employers visiting job fairs.And recruitment season has only begun.
>> "I think there's so much change that's happening so quickly, it's hard for employers to gauge what's happening," said Tim Harding, UT's career services director.
>> Howard and Harding said they were surprised the survey showed a significant downward adjustment, but expected things to be hard for students.
>> Even so, they each say students aren't completely out of luck, particularly those willing to network. Students also are landing jobs in accounting and in the federal government.
>> "You can't assume there are no jobs" Howard said.
>> According to Beyond.com, Tightening Hiring and Training Budgets Will Require Entry-Level Candidates to Raise the Bar to Increase Chances of Job Search Success.
According to Beyond.com, Inc., the world's largest network of online niche career communities, recent college graduates, made up mostly of the Millennial generation, are likely to be hardest hit by the worsening economic decline. Not only will these job seekers feel the largest impact due to the economy, but it will also be the first time many Millennials have experienced an economic downturn.
With looming recession worries, many companies will begin tightening hiring and training budgets, making them leery of hiring recent graduates who often require additional investments of time and training to get fully up-to-speed. Rather, employers will tend to seek out one exceptional candidate with standout credentials as opposed to several individuals with average qualifications.
"As college graduation nears, many new graduates will soon be launching their professional careers in the midst of what may be a significant economic downturn. However, many individuals from the Millennial generation have little or no first-hand experience of how to deal with periods of economic recession, which could potentially affect their chances of finding their first job" said Rich Milgram,
CEO of Beyond.com, Inc. "To be successful, these job seekers will need to take every avenue of opportunity to sell themselves as a valuable, dedicated employee."
Tips on how MS Grads can stand out from the crowd:
-->Gain more experience -- Job seekers should increase their hands-on experience and broaden their skill set by doing additional internships, co-ops or apprenticeships.
-->Consider further education -- Considering a Masters program can help make a job seeker more attractive in the workforce and this value will only increase as the economy begins to turn around.
-->Leverage certifications --Job seekers can stand out by taking certification courses within their field to master their current skill set.
-->Go niche-- With competition for entry level jobs increasing,job seekers should seek alternatives ways to search for jobs.Niche career communities are a valuable, yet sometimes overlooked, resource to connect with employers through highly relevant searches and networking tools.
-->Prove long-term value -- With HR budgets potentially tightening, employers are looking for candidates who plan to stay with the company long term, so it is important for job seekers to convey their future plans duringinterviews.
-->Review all correspondence -- Job seekers should check and double spell check their resume, emails and thank you notes.Typos and grammatical errors can break a candidate's chances for a competitive position. Get a second opinion before you send out correspondence!
Although these tips will be helpful in receiving their first job offer, it is important for new graduates to keep the momentum going once they start their new career. The possibility of an economic recession is leading employers to set high expectations for new hires. As a result, it has become more important than ever for job seekers to leverage their experience, enthusiasm and long-term value to employers to have the best chances of surviving potential layoffs due to budget cuts and downsizing.
Look Pals all we need to do is give our best even in this worst situation. Hold your hope. We will Win:)
posted by Aspirer at
8:21 PM
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