The ongoing economic slump has hit college graduates hard, making it ever more difficult to find work. It's been a slow recovery but there are signs that show things are moving toward pre-recession norms. According to CNNMoney, layoffs have dropped considerably compared to 2009 - in fact, layoffs have plummeted back to pre-recession lows. Unfortunately, many organizations haven't quite reached the point where they feel the need to add new jobs.
What's Keeping the Door Shut on New Job Creation?
Firms are hanging on to their current labor force and they're not making moves to expand. This is due to a number of reasons:
- Productivity is up among workers who want to avoid being cut
- Fewer workers are quitting, and those that do wait to have another job lined up before doing so.
- Businesses are profiting at current levels, so adding to the work force cuts into those profits
In order to land a job in a down economy, college graduates and job seekers need to adjust their approach.
Here are five principles to keep in mind.
- Understand the current economic trends and don't lose focus. Just because the market is down doesn't mean you can't land the job you really want.
- Persistence and networking can get you on the radar of the employers you're most interested in. When they're finally ready to hire, they will remember you.
- Tell them what you want. Graduates and students completing internships often seek advice about "how to land a job ". The question is: does that employer know you want to work with them?
- If you already have an internship with a company that you would like to get hired on to, then find ways to make yourself invaluable. Loosing you should have an obvious negative effect on business.
- Be open to constant change and willing to learn. If you have your ear to the ground for industry changes, and what's coming, you can prepare yourself for the next wave.
Find the Right Career Path
Discover the career you love and find the right employer. FirstJob works with college graduates in search of the perfect job to fit their goals and dreams. Explore your options and arm yourself for the workforce. Visit the FirstJob blog for expert career advice and tips.