In an ever-changing job market, new graduates often face unique challenges, especially in times of economic uncertainty and layoffs.
As companies restructure and adapt to changing circumstances, job opportunities may seem limited, making pursuing your dream career feel daunting.
Yet amidst adversity lies the potential for growth and resilience. For recent graduates, understanding the dynamics of layoff season and equipping themselves with the right strategies is key to successfully entering the workforce.
Jaideep Kewalramani, COO and Chief Hiring Officer at TeamLease Edtech provides essential tips and guidelines for new job seekers in these challenging times.
Whether you’re a recent graduate struggling with the effects of layoffs or just starting your job search, the insights presented here will help you get through this period with confidence and determination.
1. KEEP AN OPTIMISTIC ATTITUDE
Searching for a job can be a difficult process, but it’s important to maintain an optimistic attitude. TeamLease employer surveys conducted in April and May 2023 show that 73 percent of respondents intend to hire across all categories. For the current HY [July-December 2022]the intention to hire newbies is 65 percent.
Compared to January to June 2023 data, there was a slight increase of 3% (62%). So stick to your schedule, take care of yourself and ask for help from mentors or career advisors.
2. CHECK FREE WORK AND INTERNSHIP POSSIBILITIES
These two types of employment can provide a lot of experience and opportunities to gain experience. Additionally, they give you the opportunity to present your skills to potential employers.
E-commerce and technology startups (59%), telecommunications (53%), and engineering and infrastructure (50%) are the three industries most likely to want to hire newcomers this school year [July-December 2023]– according to TeamLease employer research conducted in April and May 2023.
3. OPTIMIZE YOUR CV
Make sure it highlights your achievements, experiences and skills. According to TeamLease employer surveys conducted in April and May 2023, the skills most in-demand among newbies include cloud computing, SEO, blockchain, subject matter expertise and data analytics, among others.
4. IMPROVING SKILLS
Upskilling: In a competitive job market, upskilling is essential. Determine what talent is in demand in your industry and invest in online courses or seminars to expand your knowledge.
5. LEVERAGE YOUR NETWORK
For job seekers, networking is still a very effective tactic. Attend webinars, online job fairs, and network professionally on sites like LinkedIn.
Newcomers can take a proactive approach to their job search during a period of layoffs by improving their skills, making good use of their networks and remaining resilient. Their chances of finding a satisfactory job in a competitive labor market can be increased by applying these methods in practice.
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