by Randy Hain | April 18, 2011 1:00 pm
It is not a great time to be a recent college graduate in today’s job market. As tough as it has been for more [1]experienced workers, these young adults have had a much more difficult time finding full-time employment related to their education. I have spoken to several 2009 graduates recently who have been looking for almost a year and found nothing better than part-time retail or restaurant industry jobs. A common joke these days is that “you can always become a Barista at Starbucks,” which, unfortunately, is not that far off from reality.
This year’s class of graduating seniors is understandably nervous and anxious about their career prospects. Many have college loans to repay and parents who already made significant sacrifices to put their children through school are facing the prospect of continued financial support with no end in sight. But, there are glimmers of hope. A recent survey from NACE (National Association of Colleges and Employers) shows employers are planning to hire 5.3 percent more new college graduates in 2009-2010 than they did in 2008-2009. The survey among contributing employers shows that hiring is up in nearly all reporting industries. The Northeast has the brightest hiring outlook with a 25.5% increase in projected jobs for new graduates while the Southeast is the only region in the red, reporting a 10% decrease. Statistics are helpful, but these young people need jobs…and they need them quickly. So, what can be done?
One of the most significant paradigm shifts for job seekers (experienced or new college graduate) is recognizing that jobs will rarely come looking for you and that applying for jobs online is often a fruitless exercise. Campus recruiters from top firms obviously still visit college campuses, but job offerings are sparse and they will likely only take candidates with the best grades. This should not be a surprise. It is an employer’s job market (for now) and they have the luxury of choosing the best of the candidates referred to them, often with relevant industry experience. A typical job posting online will often receive hundreds of applicants and you will be lucky to receive an automated response acknowledging receipt of your resume.
First and foremost, it is time for a radical shift in thinking. Effective job search strategies have changed dramatically over the last few years, especially for new graduates. The changes will often feel uncomfortable and perhaps painful, but they are necessary. Before I share some very practical tips on how to jump start a job search, let’s take a look at some generational thinking which needs to change:
Old Thinking: Generation X and the Baby Boomers must do everything possible to understand and deal with Generation Y. They think differently, live differently, communicate differently and we must engage with them on their terms.
New Thinking: Generation X and the Baby Boomers should respect Generation Y and their differences and do what they can to embrace, encourage, mentor and assist them in being successful in life. They are our future. For their part, Generation Y should recognize that they have much to learn from older Generations and must be willing to respect them and meet them half way.
Why is embracing this idea important? Until the economy crashed along with Wall Street in late 2008, one of the most talked about subjects in companies was “The Millenials are coming! The Millenials are coming!” It was almost comical to observe the lengths businesses were going to in an attempt to cater to Generation Y. Yet, I think we have done Generation Y a disservice by placing them on a pedestal. After the 2008 Wall Street crash when the new economic reality settled in, nobody seemed to care about dealing with the Millenials. It was every man for himself. “Save the ship!” was the new battle cry and this left a once mighty and feared group feeling marginalized.
The new reality must sink in that Generation X and the Baby Boomers occupy the vast majority of leadership roles in our country and they are making the hiring decisions in companies. Generation Y must move in their direction and strike a mutually beneficial compromise. This thought is the catalyst behind much of the practical advice I have for new college graduate job seekers. Here are 10 practical tips on job search strategy for this group:
You may view this article as my firm grasp of the obvious or exactly the advice you have been looking for. Either way, finding a good job in today’s economy demands innovation, tenacity, hard work and compromise. I don’t claim to have all the answers and I can’t guarantee these tips will land you a new job. I can promise you will be much more effective and see more opportunities with this strategy.
Generational differences are a real issue, which is where the need for compromise comes in. Engage with Generation X and the Baby Boomers, seek their assistance, learn from their experiences and you will likely find them receptive to giving you the job opportunities you seek. Remember that 20+ years from now you will be helping to run the world and a whole new generation of college graduates will be knocking on your door. Hopefully your experiences today will positively shape your response to them in the future…and help talented college graduates not settle for jobs with drive-thru windows.
*For further resources on job search strategy, how to use LinkedIn, interviewing tips and much more, please read the helpful articles in the Insights section of my company’s website: www.belloaks.com[3].
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