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Analysis paper - Assignment Example

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Worker attributes needed in the new economy Name: Lecturer: Institution: Course: Date: Synthesis of Attributes The job market is one that has dramatically changed over the past few years. There are thousands of students who graduate from university or college with good grades with the hope of getting good jobs so as to become independent as well as sustain them…
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Analysis paper
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Analysis paper

It is without doubt that students who graduate out of school are taught that the market will be in a position to accommodate them. However, that is not the case for a large number of students who clear from college or university as hopefuls. There are a number of attributes that have contributed to this job decreasing trend, the major one being the global economy. The global economy in most countries had taken a turn for the worse and in some instances, some nations’ economies have become worst where the labour market has been completely affected and there are no jobs that come by easily. A good example is the USA; over the past few years the economy has been affected by a variety of events such as financing of US soldiers to different parts of the world in a bid to propagate peace, interest accumulations from debts and the changing trends of the global economy in terms of access to energy and natural resources. The extent to which the labour market has been affected is not reversible. This is due to the reason that more and more graduates are completing school and falling into the same problem. Additionally, a majority of graduates who graduated almost two years ago are still looking for their preferred jobs. Even those who manage to get their first job out of campus still do not get satisfied with the salaries scale. In a 2009 to 2010 study that was conducted based on the salaries that fresh graduates received after a four year college course, it was realized that on an annual scale, a majority of these graduates earn approximately $ 27,000. When compared to the same survey that was conducted in 2006 to 2008, there was a $ 3,000 decline (Rampell, 2013, p. 175). The reason that could be attributed to this decline is the availability of too much labour while the job openings are less. There are some strategic solutions that some graduates always opt for. Majority of them always go for further education; that is graduate school, with the hope that they will be at a better chance to gain access to better jobs once they get additional certificates such as a Masters degree. This option could have its own implications. For example, an individual who has opted to pursue a Masters degree could now be having more education qualifications; however, they could lack the experience needed. It is without doubt that a majority of companies always go for students or individuals who have experience in their field of study. This happens to be a channel to prove that the individual is not only knowledgeable in “books” but they also have workplace hands on experience. At times graduates who have more education qualifications and they lack hands on experience after their first degree, may face challenges with regard to salary scales. That is, they could be paid more than a fresh graduate however; they would still be paid less with comparison to an individual who had experience as well as the Masters Degree qualifications. In some instances, all may not turn out for the best with regard to salaries. This is due to the reason that some employers may take too much time to revise salaries of their employees. Apparently, 70% of employers still are not up to the possibility of increasing the pay scale for new graduate entrants (Johnson, 2013, p. 178). Regardless of the above statistics, ... Read More
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