The coronavirus pandemic upended thousands of 2020 college graduates’ career plans last year in USA, so how does the job market for the class of 2021 look now? In a nutshell, there have been fewer prospects around the world in the last year, despite most business shifting to The Remote Work as The New Reality for Pandemic Era.
“We know that nearly half of the  college graduates across the country are jobless,” said economist Avinandan Mukherjee, professor and dean of Marshall University’s Lewis College of Business. “And when they do find work, I discovered that about 69 to 70 percent expect lower pay than they did before the pandemic,” he added.
However, there is reason to be optimistic for 2020 graduates and the upcoming class of 2021. Besides they also must realize that the remote work, is the new reality for pandemic era that fresh grads must prepare for.
“The market is still fairly depressed,” Mukherjee said, “but we are looking at a very strong recovery and a very robust rebounding of the economy.”
According to Mukherjee, the virtual economy is booming, and telecommuting and remote work are likely to be the No. 1 development in the future of work, as The remote work become the new reality.
He believes that is where the employee environment is headed, it means we must be prepared in terms of sufficient internet connectivity and usable digital and physical infrastructure.
Mukherjee also mentions House Bill 2002, a comprehensive broadband extension bill that was recently signed into law. The bill gives broadband consumers new consumer rights, allows for the implementation of publicly owned networks, and builds on ongoing data-collection efforts to define parts of the state that require high-speed internet.
He also said the gig economy, people who work in a variety of jobs as independent contractors, is seeing a shift.
“In this gig economy, one of the things that’s especially important is this emphasis on reskilling and upskilling,” he said. “Upskilling and reskilling will be all that matters for students fresh out of college and people with prior business experience.”
Individual ability growth, achievements, and stackable credentials, he said, will be crucial. A series of courses, also known as nanodegrees, that can be used to demonstrate a range of certifications and skills is referred to as stackable credentials. In an emerging gig economy, Mukherjee believes these would be far more appealing to employers.
Finally, Mukherjee emphasized the importance of developing skill sets, being comfortable with various types of technology, and relying on and developing digital networking for both 2020 and upcoming 2021 college graduates.
“It’s more important than ever, because many of these students… will be doing jobs in the new economy of the future, the post-pandemic economy,” Mukherjee said. “So, instead of focusing on experience, focus on skills, because skills are the currency of the job market right now.”
Source : www.wvpublic.org
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