If you are a new graduate unsure of your future during the pandemic, you are not alone. New graduates have experienced major and unexpected changes in their plans due to the spread of COVID-19. However, there are steps you can take to take charge and make informed choices about your future in these difficult times. The spread of the new coronavirus has affected or disrupted the way graduates prepare to leave college. Some were looking for jobs or awaiting feedback from employers regarding applications they had made, while others had already been accepted for internships, seasonal jobs or full-time jobs after graduation. Many of these graduates were uncertain if these confirmed opportunities were at risk or if the potential opportunities would be canceled by employers. The trend in job postings for freshers was roughly in line with last year’s trend until the first week of March. Slowdown accelerated in the second half of March and through April to May reflecting lockdowns on economic activity. From May till now we see hiring trends slowly go up and regain momentum. Job postings on Indeed India for white-collar freshers in June were growing 30.4% slower than in the same period in 2019.
The job market for freshers will likely be tougher than we have seen for a number of years. Fewer available jobs, combined with greater competition for those jobs, will squeeze out some new graduates. Higher unemployment normally translates into softer wage growth. The COVID-19 crisis will be no different in that regard, although quantifying the likely impact right now is difficult. Freshers may need to consider their options and improve their qualifications and skills to make themselves more appealing in a tough job market.
While it may be difficult, there are measures you can take right now to help you navigate this situation to the best of your ability.
Consider short-term or unexpected work in the interim
Depending on your financial situation, it may be necessary to consider short-term work or work outside your area of expertise while employers adjust to the coronavirus spread. These jobs may not be the type of work you may have anticipated, but having an extra income can help you navigate this uncertainty after graduation with more confidence. Remote and in-person jobs actively hiring right now could include customer service representatives, warehouse distribution, grocery inventory and stocking and food delivery. If you are able to work during this time, adding experience to your resume could help improve your resume and give you an advantage in the long-run. Showing employers that you were able to adjust to this challenging situation could make your application more competitive. When looking for job opportunities, prioritize transferable skills and soft skills that could support you in your chosen career path. Even if a job is not in your ideal industry, there may be opportunities to develop skills that you can leverage later when applying for future jobs. For example, complex problem solving, remote software use, defusing conflict and communication are experiences that could be added to your resume in the future.
Prepare yourself for remote hiring and online networking alternatives