Aug 4 2009

It Is A New Age In The Job Market

Although the economy seems to be recovering slightly, we’re still deep in the whole that it has created. The college graduates of 2009 are suffering from one of the toughest job markets in a long time. Many of my friends are either jobless, studying for a professional exam, or returning to school.

As a recent graduate myself, I’ve found it quite difficult even to land a small part-time paid position in addition to my current internship. From my hours spent applying to different jobs, I’ve realized that companies seem to have altered their hiring process to match the current economic state.

Here are some things job-hunters may have noticed:

  • Internships are becoming increasingly popular. Companies are using internships (often unpaid) to gather manpower for their business. As we said before, experience is always welcome. Since many jobs don’t hire you unless you have experience, you are left with internships. It is also a way to gauge and assess a possible candidate for a future permanent position. If an internship seems fun and fulfilling, do it even if it isn’t paid. The experience is priceless.
  • A need for multiple resumes and cover letters exists. History and personal accounts have told us that many people don’t end up in the same field of work as the degree stated on their diplomas. I have three different resumes and cover letters that target the specific position for which I am applying. Since not all experiences need to be listed, it is better to have solid resumes with related work experience that are specific to the different positions you are interested in.
  • Networking is more important than ever. A good relationship is the name of the game. People will help other people if they are able to connect. Companies always give priority to those who were referred by employees already in the companies. The web has contributed to the evolution of networking but always be careful with how you use social networking for your career.

If the job search fails miserably, suing for a reimbursement of college tuition may be a great way to whine about it (but probably not a good idea).

Photo credit: Daquella manera


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  1. Personal Finance Links (Bandwagon Red Sox Fans are Free Now Edition) wrote:

    [...] of Prosperity declares it’s a new age in the job market. This post deals [...]

    August 10th, 2009 at 12:18 pm

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