College grads of 2020 who are unemployed and trying to get a job, like me, are going to face a much harder time. The same will be for grads of 2021. The pandemic had hit at such a time in the year, that by the time everything is expected to open up, the class of 2021 would be just graduating. This means that two college grad year batches are going to be competing for their first job. It also makes it harder for those grads that never had an internship, as they are now more likely to be over looked.
Furthermore, if another wave seen in last summer was to occur again it would have a very disastrous effect. In fact, many job market research analysts are saying the best that any grad without any work experience from 2020 or 2021 can do, is to create their own experience. However, this requires one to keep in touch with their connections, and have a vast amount of connections. Those who are introverts might have a hard time accomplishing such tasks. During the pandemic, GitHub has seen an increase in contribution activity.
Some large fortune 500 companies are currently mostly hiring from their Winter 2020 and Spring 2021 intern cohorts. These hires range from 50% to even 80% of individuals that company have recently hired. This in fact is being more visible in STEM, where hiring staff interviewed have said they actually like hiring interns and giving them job offers, and are trying to expand the number of internship opportunities available to current college students.
Job market research analysts are also saying, in regards to those who have graduated in 2020 or will be graduating in 2021 with no work experience and are currently unemployed, will probably face issues with their salary and wages after they get their first job. The analysts estimate these issues may last for at least 10 years after they got their first job. This is similar to the situation faced by those in the 2007-2009 financial crisis.
The main slowdown to hiring has actually been attributed to not only people being hindered as to what the jobs require of them, but rather what are the qualifications of the applicants that are now applying. The rate at which job positions are opening up is in fact extremely more rapid than the rate at which job positions opened up after the 2007-2009 financial crisis. In fact, the rate exceeds even pre-pandemic levels. This is causing the skills gap issue that existed even before the pandemic, to become even more visible than it was before.
Sources:
abcnews.go.com
www.kcra.com
www.forbes.com
Furthermore, if another wave seen in last summer was to occur again it would have a very disastrous effect. In fact, many job market research analysts are saying the best that any grad without any work experience from 2020 or 2021 can do, is to create their own experience. However, this requires one to keep in touch with their connections, and have a vast amount of connections. Those who are introverts might have a hard time accomplishing such tasks. During the pandemic, GitHub has seen an increase in contribution activity.
Some large fortune 500 companies are currently mostly hiring from their Winter 2020 and Spring 2021 intern cohorts. These hires range from 50% to even 80% of individuals that company have recently hired. This in fact is being more visible in STEM, where hiring staff interviewed have said they actually like hiring interns and giving them job offers, and are trying to expand the number of internship opportunities available to current college students.
Job market research analysts are also saying, in regards to those who have graduated in 2020 or will be graduating in 2021 with no work experience and are currently unemployed, will probably face issues with their salary and wages after they get their first job. The analysts estimate these issues may last for at least 10 years after they got their first job. This is similar to the situation faced by those in the 2007-2009 financial crisis.
The main slowdown to hiring has actually been attributed to not only people being hindered as to what the jobs require of them, but rather what are the qualifications of the applicants that are now applying. The rate at which job positions are opening up is in fact extremely more rapid than the rate at which job positions opened up after the 2007-2009 financial crisis. In fact, the rate exceeds even pre-pandemic levels. This is causing the skills gap issue that existed even before the pandemic, to become even more visible than it was before.
Sources:

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