Job Market Monitor
Higher Education
The Grand Disconnect – Employers, education providers, and youth
“Around the world, governments and businesses face a conundrum: high levels of youth unemployment and a shortage of job seekers with critical skills” writes Mona Mourshed, Diana Farrell, and Dominic Barton in a McKinsey in Its report Education to Employment Designing a system that works. (Adapted choosen excerpts by Job Market Monitor to follow) How can a country successfully move … Continue reading
India / Microsoft, Google hiring from new IIT campuses, pushing up wages by 15-20%
It’s just their second year on the placement scene but the new Indian Institutes of Technology at Ropar, Patna, Hyderabad, Bhubaneswar and Gandhinagar, among others, are already nipping at the heels of their much-older and more established counterparts. Big-ticket recruiters like Microsoft, Amazon and Google have descended on these campuses and average salaries have shot … Continue reading
University of Northampton pushes ‘employability skills’, only 4 % of its undergraduates unemployed
The University of Northampton is one of England’s younger universities: it only won the status in 2005. But it is also top of the league when it comes to getting its students into work. In 2010-11, six months after leaving the university, only 4 per cent of its former undergraduates were unemployed. Explaining its success, … Continue reading
Britain / Brain Drain / Almost 5,200 university leavers sought employment elsewhere
Almost 5,200 university leavers sought employment in mainland Europe, the Far East and North America last year – up by 1,000 since the start of the economic crisis. Official figures show that graduates from the very best universities are significantly more likely to be tempted overseas, prompting fears that Britain’s most talented young people were … Continue reading
Graduate employability / Heading for a working life of 10,000 days
We’re sleepwalking into a crisis. There is much talk of the ‘lost generation’ of frustrated, angry, debt-ridden 20-somethings with diminishing career prospects. Yet employers continue to wring their hands as they pore over inadequate job applications or realise they’ve hired graduates with little grasp of what the world of work actually requires of them. So … Continue reading
China / 8 percent of the 7.58 million graduates students who graduated in 2011 have not yet found jobs
The millions of college students who graduate in China each year now face this hard reality: a college diploma no longer guarantees a good job. According to a Hong Kong economist, there is no easy fix, as structural problems with China’s manufacturing-based economy limit the need for higher education. Educators, analysts, and the state-run press … Continue reading
China / Over 70 per cent overseas students return home
A vast majority of Chinese studying abroad are returning back offering stiff competition for jobs to the students, who studied in local universities. Nearly 72 per cent of overseas Chinese students have returned to China after finishing education abroad since the late 1970s, a government-backed agency said in a report. From 1978 to 2011, about … Continue reading
Closing the Skills Gap / Connecting College Students and Employers
There are two major factors we need to address to close this gap and bring students and young professionals closer together with employers. The first factor is empowering students to make informed decisions about their degree and courses they take. It takes 120 credits to graduate with a Bachelor’s Degree, yet the national average is … Continue reading
Universities / Employability / Professional experience and interpersonal skills are the biggest areas of improvement for graduates
The Global Employability Survey is an online survey conducted amongst recruiters in 20 countries worldwide with the objective of determining what makes the ideal graduate on a longer term. The survey focuses on the following subjects: What qualities should the ideal graduate have? What qualities make a graduate more employable in the long run? Which … Continue reading
Canada | Some 40 pc of Canadian university graduates aged 25 to 29 are employed in low-skill jobs
Canada’s skills gap has been brought into increasing focus by the large numbers of unfilled jobs which coexists with high youth unemployment. Last summer, a report commissioned by the Canadian Council of Chief Executives stated that Canada is falling behind in the global skills race. The answer, according to many university presidents, is more money … Continue reading
Brit Grads – 40% failing to get graduate-calibre posts
Britain’s graduates face an increasingly challenging jobs market, with 40% failing to get graduate-calibre posts more than two years after leaving education, around twice the proportion of their peers a decade earlier, according to a study of recent ex-students’ career paths. Overall, the vaunted graduate salary premium, a key argument in persuading would-be students to … Continue reading
Liberal Arts Education in Job Market
reports of the imminent demise of a college education are grossly overstated. Not only are baccalaureate degrees worthwhile, but even the most questioned of them all – liberal arts degrees – are highly beneficial to employers. Employers should not only consider liberal arts graduates, they should seek them out. Paths to Success through the Liberal … Continue reading
Harvard – MIT produce most ’employable’ graduates
Harvard topped the chart of universities around the world that were ranked based on the “employability” of their graduates. MIT ranked seventh worldwide, while Boston University ranked 17th. The chart, entitled “What the job market wants,” was published today by the New York Times, which said an online survey was compiled by Emerging, a human … Continue reading
Nigeria – Boosting Graduates’ Employability Skills
Following the persistent outcry about the poor quality of Nigerian graduates, who are said to be unemployable, Poise Graduate Finishing School, a subsidiary of Poise Nigeria, has introduced an employability skills certification programme known as PSENSE. The PSENSE test, which was designed in collaboration with Biddle Consulting, US, is aimed at solving the recruitment challenges … Continue reading
Finland – Unemployment among highly educated has grown significantly
Unemployment among the highly educated has grown significantly faster than in any other group, reports the daily Helsingin Sanomat. Between last year and this year, overall unemployment rose by six percent. However the rate jumped by 18 percent among job seekers with Master’s degrees. The unemployment rate among highly educated workers is around half of … Continue reading
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