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Home > China Economy > Job-hunting being harder

Job-hunting being harder

October 17th, 2008

Looming global financial crisis bring disasters everywhere. Many consider the future for the country’s fresh college graduates to be bleak. The terrible situation graduates face is divided into three parts as follows.

The first one is number of graduates. The official figures shows job hunter number will grow to 6 million with 7 percent increase of this year.

The second one is experience. Carol Cai, a employee of British market research company TNS said,” First, the new recruits are halved, besides, most positions requires experience”. “Fresh graduate posses disadvantage when hunting job with unemployed experienced ones.” Tang Xiaolin, director of the career development center of Fudan University had similar opinion.

The third one is competitors from studies overseas. “Those studying abroad will most likely return home for jobs because of the tight job market,” Tang from Fudan University said.

How graduates face gloomy job market? Here is some graduates’ voice.

“There are still campus presentation, but it’s more like self-promotion instead of real recruitment, they just cut their job plans,” said Lin Huihui, a graduate who majored in international commerce at Fudan University.

“Job hunting is tough than I’ve ever think. I’ve applied for about 20 positions as a researcher or analyst for multinational companies, nonprofit organizations, private enterprises and associations — whatever options I can think of, but it’s hard to get even an interview. It does not matter whether my major fits my future job. The most important is whether I can find a job”. Xiao Jiang, finance major from Zhejiang University said when accepting the interview.

To get rid of job hunting and be more competitive, some graduates decide to choose further study for higher degrees which may improve their chances of entering the workplace.

”There is no doubt the financial crisis has already and will raise the unemployment rate. It will remain high for a considerable period of time after the financial crisis subsides and economic growth resumes,” education analyst Lin Yuxuan suggested, “Further study could only add to fiercer competition in the next few years, when more students graduate. What’s important for graduates now is lower their expectations and add experience which can help them be more competitive.”

 

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