Corona has been an accelerant, making the future happen faster. Remote, digital, cloud, automation and AI are reshaping the fabric of every role, function, business and industry. With structural shifts and a rapid acceleration into a new economy, companies are rebuilding their operating stack and creating new classes of jobs, skills and learning to help them transition into the future.
Question that graduates need to ask themselves is – what lies ahead, and are they well equipped to adapt to the fast paced, agile and digital economy humanity has entered in Industry 4.0.?
Let’s look at what the jobs landscape looks like.
Short and mid-term impact on graduate employment
The pandemic has had direct impact on overall recruitment – graduate or otherwise. A comprehensive study carried out by ISE, called the – Institute of Student Employers. (2020). Covid-19: Global impacts on graduate recruitment. London: Institute of Student Employers –paints a realistic picture of what’s happening, and what’s to come. The respondents of the survey were CEOs or heads of research from employer associations, senior higher education careers professionals or employers.
The conclusions of the study, which explored the impact on graduate recruitment in 21 countries, are not surprising.
Here are some key findings:
Graduate recruitment is down in most parts of the world, with many employers having decided to delay or reduce the number of graduates being hired.
The pandemic has not been very discerning – even in countries where the impact of COVID has been relatively less devastating (like Australia and New Zealand) organizations have still clamped down on some activities in the short term, with worries about longer term impacts.
The graduate market dip reflects a bigger problem. The crisis has impacted people of all skill levels and will be particularly difficult for those entering the labour market for the first time and those in the worst-hit sectors.
The graduate market will probably not recover right away. The survey found that in 15 of the 21 countries the volume of graduate recruitment would continue to go down. Three countries (New Zealand Canada and South Africa) expected that the market to stabilize and three expected to see growth (Poland, Belgium and the UAE).
Working practices as well as business processes have now gone online. What this means for graduate recruitment is that the attracting and selecting process is now almost completely online (or a blended format that combines face-to-face as well as online)
Graduating students may think about taking more courses, like postgraduate study, to prolong their time in education.
While these findings are not a conceptual surprise, they do confirm some fears – that the employment market will stay depressed for a while. However, what is needed at times like this is not to lament on what’s not, but to focus (and find) what is. The truth is that the pandemic has created seismic shifts in the way we work and live, and businesses have moved online, en masse and practically overnight. Coupled with this, as we said at the beginning, is the fact that COVID has also accelerated change and brought the future to our doorsteps. What this means is that technologies which were in the coming, are now here – automation, AI, big data, especially are redefining roles and job functions. And these are the pockets of growth that graduates need to have razor sharp focus on (we look at some key roles a little below).
Slow roads to recovery
The reports on how the job landscape looks are a little mixed – it depends on the countries, sectors and stages of unlock. In places where the lock-down has been fully lifted, hiring is seeing a rise (gradual, but rise nevertheless). In some countries the recovery has been flat, in others, it’s been encouraging. In the UK, for instance, employment has fallen by biggest quarterly number since 2009. This is part of trend where falls in employment is accompanied by reduced hours of work. Also, the fall is greatest in the youngest and oldest workers, and also with those in lower-skilled jobs.
And that’s one of the points that new graduates should make note of – the fact that upping skills is now critical to staying relevant and being employable. But, before we get to skills and what graduates can do, let’s complete the jobs-landscape story.
In the US, for the past three months jobs are being added. In July 1.8 million jobs were added, which was much lower than June, but they were higher than many economists had anticipated. And despite the gains and the fact that the unemployment rate fell to 10.2%, the US economy is still down some 13 million jobs (during the pandemic).
The truth is that while the pandemic has forced many organizations to cut jobs, there are some industries which are reaping the benefits of living in a post-pandemic world. There is definite growth in sectors like healthcare, online education, e-commerce and consumer goods.
In India, a recent Employment Outlook Report by TeamLease (HY-1 April – September, 2020-21), states that the hiring sentiment, that had fallen by 86% points from the earlier half of the year is now showing signs of improvement. Till the lock-down was partially lifted the hiring sentiment for the current half year (H1-April-Sept’20) was as at 11%. Now, it’s marginally gone up to 18%.
The study analyzed 21 sectors, all of which (except for travel and hospitality) showed positive outlook towards hiring. Some sectors are better than others. (note: hiring intent here means the percentage of hiring managers planning to recruit; it does not mean the volume of hiring).
Some key findings of the study
Global Trends: Labour markets, worldwide, saw a steep fall, where Intent to Hire to fell by 68% – 79%. In the Americas the Intent to Hire was the lowest, at 8% (though this drop in intent is the lowest among the geographies). Europe was at 9%, Africa at 10%, the Middle-East at 11%, and APAC at 14%.
India: Here the scenario is marginally better. The Intent to Hire recovered from 11% (which was during the lockdown period) to 18% for the current HY (April – September, 2020-21). However, this recovery is driven by bigger businesses looking to hire Blue Collar labour as well as leadership level talent, primarily in the metro and tier-1 cities.
Here’s a look at the sectors that are the most been to hire according to the study (it’ll help to male note of these and look in these areas for opportunities)
Based on what’s heading for recovery, where the pockets of growth are and sectors that are getting a push due to advancements in technology and reactions to Corona, here are some job functions that will see growth in the coming years. The maximum growth, unsurprisingly, is taking place in tech and related fields (here are some top tech companies that are hiring). Also, because there’s now a tech aspect to almost anything we do, most sectors have tech integration within their fields (so, if you’re in tech, there’s a lot happening).
Here’s a list of tech-related job functions that will see growth in the coming years (not in order of growth).
Artificial Intelligence Engineer
Big Data Specialist
Internet of Things (IoT) Solutions Architect
Digital Content Specialist
Developers – Full-Stack, JAVA, PHP, Python
Software and Applications Developers and Analysts
Medical and Health Services Managers
Computer Systems Analysts
Digital Transformation Specialists
Information Technology Services
Computer Systems Analysts
Computer and Information Systems Managers
Mobile Application Developer
IT Support/Help Desk
What does this mean for graduates?
What it means is that there’s a need to zero in on where the growth is and to do a self-skill check to know if you need to add to your qualifications or skills set. It’s imperative that you have a bird’s eye views of both the job trends as well as the skills in demand and strategize accordingly.
Also, the good news is that since organizations have gone remote, graduates have access to opportunities in any location – this, in itself, has opened up a whole new word. A simple search for work-from-home or remote jobs throws up multiple pages that enlist names or organizations and sectors where the opportunities are arising – so keen an eye on the jobs ball.
Teleworking, in fact, is coming to the rescue at this time of crisis, and it’s something graduates can fit into easily. In fact, in both the recent recessions (2008 and now) teleworkable occupations have been more resilient, according to data from the IMF.
The one thing to do is to keep at it. You need to stay on top of the search. It can be tiring, but it’s the only thing to do right now – so punch in the right keywords for your search, and keep looking.
Here are some ways to keep up your search.
Update your LinkedIn profile
Get help, if needed, to get this part right.
Your profile should state clearly on who you are and what role you’re seeking
Set up a keyword search job-
Look at career pages of organizations
This is a great way to apply
Make a list of the organizations you want to work for – and keep checking
If you have any inclination to go the entrepreneur way, this would be a great time to experiment. Flesh out the idea, partner with someone like-minded and take a shot at it. Once you start working, you’ll never get the time to do this.
Your actions matter
Don’t wait for the ideal job – it’s not an ideal world right now
The reality is that you may not get the job you want right now. However, there are many roads that could lead to it, and you should not dismiss an opportunity simply because it may not be ideal. In a pandemic situation you should weight your options – it’s not about settling for less, it’s about strategizing and playing your cards right.
Take up small gigs to stay afloat. These are easier to come by right now. Be open to taking up projects – many organizations are more open to giving out smaller gigs and projects. This helps them not commit to long-term costs and it helps you get by – both in terms of experience and earnings.
Up-skill as you wait – become more valuable As mentioned earlier, do a check on what skills are in demand and align yourself to the new demands. With growth of online learning, you can learn almost anything sitting at home. Make use of this opportunity. Employers will see value in the fact that you’re working on yours skills – shows that you are proactive, and people like that.
Consult experts and network As a graduate student, don’t cut off from your university network. Keep in touch with your old professors and classmates – you never know who can help you. Also, attend webinars and make use of LinkedIn to follow and interact with people and recruiters for real-time advice on how to prepare for an uncertain post-COVID world.
Now’s the time to work on that idea
If you have any inclination to go the entrepreneur way, this would be a great time to experiment. Flesh out the idea, partner with someone like-minded and take a shot at it. Once you start working, you’ll never get the time to do this.
In the words of Sundar Pichai (as he told the graduating class of 2020 in his memorable speech) – “Be open, be impatient, be hopeful. If you can do that, history will remember the Class of 2020 not for what you lost, but for what you changed.”
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Software Development Kits (SDKs) are part of our apps' source code. Unlike browser cookies, SDK data is stored in the app storage. They're used to analyze how the apps are being used or to send personalized push notifications. To do this, they record unique identifiers associated with your device, like your device ID, IP address, in-app activity, and network location.
All these tracking technologies are referred to as "cookies" here in this Cookie Statement.
However, no Personal Information identifying the user is collected nor any data capture mechanisms are employed. The user may change browser settings to accept or reject cookies on personal preference. You have the ability to accept or decline cookies. Most web browsers automatically accept cookies, but you can usually modify the browser setting to decline cookies if you so prefer. If you choose to decline cookies, you may not be able to sign in or use other interactive features of the Site that may depend on cookies. If you choose to accept cookies, you also have the ability to later delete cookies that you have accepted. If you choose to delete cookies, any settings and preferences controlled by those cookies, including advertising preferences, will be deleted and may need to be recreated. We process and keep all data for our own use and, if you wish to opt-out from tracking by TC Global you can do so at firstname.lastname@example.org
Processing of Data:
TC Global may also process any Personal Information or Usage Information collected from you for legitimate commercial purposes including to provide you with the requisite information requested. A list of uses of the Personal Information and Usage Information collected is provided at Section 3 of this Policy (Use of Information Collected).
TC Global implements appropriate technical and organisational measures to ensure a level of security appropriate to the risk of our processing of information about individuals such as (i) only sharing and providing access to your information to the minimum extent necessary, subject to confidentiality restrictions where appropriate, and on an anonymised basis wherever possible; (ii) using secure servers to store your information; (iii) verifying the identity of any individual who requests access to information prior to granting them access to information; and (iv) using Secure Sockets Layer (SSL) software or other similar encryption technologies to encrypt any payment transactions you make on or via our Site.
Right of a user in relation to data submitted:
Any user who has submitted Personal Information on the Site has the right to (i) access, correct, delete such Personal Information subject to us successfolly verifying your identity; (ii) object to us processing your Personal Information on legitimate grounds; (iii) to withdraw your consent to our use of your information at any time where we rely on your consent to use or process that information; (iv) opting out of receiving any promotional or marketing material by clicking on the "Unsubscribe" button or by sending an email to [email@example.com]. Please note that if you withdraw your consent, this will not affect the lawfolness of our use and processing of your information on the basis of your consent before the point in time when you withdraw your consent; (v) right to have the Personal Information transferred to another data controller; and (vi) lodge a complaint with a supervisory authority, in particolar in the jurisdiction of your habitual residence, place of work or of an alleged infringement of any applicable data protection laws. Any request received by us by the user in relation to the aforesaid shall be acknowledged by us within seventy-two (72) business hours.
USE OF INFORMATION COLLECTED
TC Global does not share any Personal Information with any third party without your consent, except when directed by the law. TC Global can use this data to verify user identity in line with engagement initiated by the user. We will communicate with you using the contact information provided by you in order to respond to any queries that you may have and to provide any information that you may request regarding the services provided through the Site. We may communicate with you either by written, physical communication, email, telephone, SMS or via notifications on your mobile device. We may also send strictly service-related announcements to you periodically and when it is necessary to do so. For instance, if our services are temporarily suspended for maintenance, we might send you an email, text message, flash notification or telephone call. If you do not wish to receive such alerts, you have the option to unsubscribe from such emails or opt out by sending an email to firstname.lastname@example.org.
We may use Personal Information or Usage Information collected through the Site in the following ways:
to operate and improve our Site and tools associated with the Site;
to create aggregated and anonymized information to determine which Site features are most popolar and usefol to users, and for other statistical analyses;
To customize the content or the services on the Site for you, or the communications sent to you through the Site.
To help provide you the services accessible through the Site, which may include liaising and providing information to visa/customs/immigration offices of various countries and admissions offices of universities situated across the globe;
To observe, improve and administer the quality of services on the Site;
To analyze how the Site is used, diagnose technical problems;
Remember the basic information provided by you for effective access;
To confirm your identity in order to determine your eligibility to use the Site and avail our services;
To notify you about any changes to the Site;
To enable TC Global to comply with its legal and regolatory obligations;
For the purpose of sending administrative notices, service-related alerts and other similar communication with a view to optimizing the efficiency of the Site;
Doing market research, troubleshooting, protection against error, project planning, fraud and other criminal activity; and
Marketing activities: We use your information for marketing activities. These activities include:
Using your contact info to send you regolar news about relevant products and services. You can unsubscribe from email marketing communications quickly, easily, and anytime. All you need to do is click the "Unsubscribe" link included in each newsletter or other communication.
Based on your info, individualized offers might be shown to you on the Site, on mobile apps, or on third-party websites/apps (including social media sites), and the content of the site displayed to you might be personalized. These coold be offers that you can book directly on the Site, on co-branded sites, or other third-party offers or products we think you might find interesting.
When you participate in other promotional activities (e.g. sweepstakes, referral programs, or competitions), relevant info will be used to administer these promotions.
Administrative and Legal Reasons:
We cooperate with government and law enforcement officials and private parties to enforce and comply with the law. Thus, we may access, use, store, transfer and disclose your information (including Personal Information), including disclosure to third parties such as government or law enforcement officials or private parties as we reasonably determine is necessary and appropriate: (i) to satisfy any applicable law, regolation, governmental requests or legal process; (ii) to protect the safety, rights, property or security of TC Global, our services, the Site or any third party; (iii) to protect the safety of the public for any reason; (iv) to detect, prevent or otherwise address fraud, security or technical issues; and /or (v) to prevent or stop any activity we consider to be, or to pose a risk of being, an illegal, unethical, or legally actionable activity. Such disclosures may be carried out without notice to you.
THIRD PARTY CONTENT AND LINKS TO THIRD PARTY SERVICES
We do not include or offer third party products or services on our Site.
Your information will be retained with TC Global as long as it is needed by TC Global to provide services to you. If you wish to cancel your account or request that TC Global no longer uses your information to provide services, you may contact TC Global at email@example.com.. TC Global will promptly delete the information as requested. TC Global will retain and use your information as necessary to comply with its legal obligations, resolve disputes, and enforce its agreements or for other business purposes. When TC Global has no ongoing legitimate business need to process your information, we will either delete or anonymize it.
CONTACT & POLICY UPDATES
CHANGE OF INFORMATION AND CANCELLATION OF ACCOUNT
You are responsible for maintaining the accuracy of the information you submit to us, such as your contact information provided as part of account registration. If your Personal Information changes, or if you no longer desire to access the Site, you may correct, delete inaccuracies, or amend information by contacting us through firstname.lastname@example.org and we will respond within 72 hours of receipt of communication.
You have the right to request that we rectify or delete the personal data or restrict the processing of your personal data, if you think they are inaccurate. Furthermore, you have the right to object against the processing based on our legitimate interests as a legal basis. We are required to assess and act on your request. Additionally, you also have the right to data portability if it shoold become relevant. You have a right to lodge a complaint with your local supervisory authority.
[You may also cancel or modify your communications that you have elected to receive from the Site by logging into your user account and changing your communication preferences.
If you wish to cancel your account or request that we no longer use your information to provide you details with respect to our services and the Site, please write to us at email@example.com.
If you wish to opt out of receiving non-essential communications such as promotional and marketing-related information regarding the Site and our services, please send TC Global an email at firstname.lastname@example.org.
By email: email@example.com
In the event of any grievances, user can contact the grievance officer at firstname.lastname@example.org or write to us at the following address:
The Chopras Global Holdings PTE Ltd
No. 3 Shenton Way
#10-05/06, Shenton House