5 Strategies for New Graduates During a Recession
In the ever-evolving landscape of the job market, fresh graduates often find themselves facing unique challenges, especially during times of economic uncertainty and layoffs. As companies restructure and adapt to changing circumstances, job opportunities may seem scarce, making the pursuit of one's dream career appear daunting.
However, amidst adversity lies the potential for growth and resilience. For recent graduates, understanding the dynamics of the layoff season and equipping oneself with the right strategies is key to successfully entering the workforce. Jaideep Kewalramani, COO & Head of Employability, TeamLease Edtech, provides essential tips and guidance for freshers seeking employment during these challenging times.
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Keep an Optimistic Attitude
The Power of Positivity
Looking for a job can be a difficult process, but it's important to keep an optimistic outlook. TeamLease employer surveys administered during Apr and May 2023 reveal that 73 percent of respondents intend to hire in all categories. For the current HY [July-December 2022], hiring intent for freshers is 65 percent. There is a little 3 percent increase over the January-June 2023 data (62 percent). Thus, maintain a schedule, take care of yourself, and ask mentors or career counselors for assistance.
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Examine Freelance and Internship Opportunities
Unlocking Experience and Opportunities
These two types of employment can offer significant experience and a foot in the door. Additionally, they provide chances for you to demonstrate your skills to prospective employers. E-commerce and technology start-ups (59 percent), Telecommunication (53 percent), and Engineering & Infrastructure (50 percent) are the top three industries that want to hire freshers in the current HY [July-December 2023], according to TeamLease employer surveys conducted in April and May of 2023.
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Optimize Your Resume
Your Passport to Opportunities
Make sure that it emphasizes your accomplishments, experiences, and abilities. According to TeamLease employer surveys done in April and May of 2023, the most in-demand skills for a fresher include, among others, cloud computing, SEO, blockchain, subject matter expertise, and data analysis.
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Enhance Your Skills
Invest in Your Future
In a competitive employment market, upskilling is essential. Determine which talents are in demand in your industry and make an investment in online courses or seminars to expand your expertise.
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Utilize Your Network
Connections That Count
For job seekers, networking is still a very effective tactic. Participate in webinars, online job fairs, and professional networking on sites like LinkedIn. Freshers may take a proactive approach to their job search during this layoff season by honing their abilities, making good use of networks, and remaining resilient. Their prospects of landing fulfilling work in a competitive job market can be improved by putting these methods into practice.