The objective of this report is to determine effectiveness of career management for individual’s personal and professional development. In this regard, it is required to consider own skills and capabilities. This report is going to discuss:
- Provide a reflection over current climate for graduate recruitment.
There has been a great increase in the employment of graduates as there are many factors which create a favourable environment for the same which led to many benefits to country as well as these freshers who looks for various jobs opportunities in the market.
The following reflective report includes factors which has great contribution in number of job opportunities in economy and also the reason why many employees have not joined the jobs which were provided to them by companies which has lead to increase in the number of vacancies in past few years (Vinichenko and et.al., 2016). Many social and economic factors has been discussed that affected the employment if industries and other aspects which are associated with it. It also includes various facts and figures related to this scenario which has been surveyed by various associations for proper implementation of data in my reflective report which led to accurate information regarding the topic.
Reflective Report on account of the current climate for graduate recruitment
There has been an immense rise on the recruitment of graduates which led to create lots of opportunities of jobs for fresher’s, according to some facts published by the Graduate Market in 2017 says that the current number of graduates those are hired by various companies which were featured in Times top 100 have been rose by 1.6 percent in 2016 as compared to the year of 2015. There has been a small increase as expected. Numerous graduates are turning down several job offers which were accepted previously, that shows about 800 positions for freshers were vacant and does not occupied by any candidate resulted in the reduce of intake for about a quarter of the employers in UK. The top recruiter of the country has planned for increasing the recruitment of these fresher’s by 4.3 percent in 2017. Workers in every six out of thirteen key industries and various employment areas have been expected to employ further more freshers than in 2016. There is an observed growth in the vacancies which has been expected at various government sector companies and other online retailers and high street together are intended to recruit about 1200 more graduates in 2017. Only eight of the UK's leading recruiter have opted for reducing target for recruitment of graduates because of the Brexit Vote that has created uncertainty (Premand and et.al., 2016) .
According to me, there are certain economic and social factors that have created a favourable environment for the employment of fresher’s. Economic factors plays a crucial role for there has been observed that there is an increase in the level of employment due to rise in the work opportunities which led to more jobs for graduates and also recruiters will hire more candidates in order to meet the demand of work so that companies does not bear any loss and is able to contribute to the nation's economy. In addition, it leads to rise in the payroll of every fresher which is requested. According to a survey, it has been showed that every non-executive worker was receiving an average salary increase for about 2.6 percent between the years 2015-2016 with a rise of 2.8 percent which was expected in the year 2017 .These opportunities led to maximise the level of employment in the country.
With the commencement of the globalisation, an entrepreneur is more involved in bringing new concept to make lifestyle more advanced with the collaboration of latest technologies. For producing such a concept, there is a requirement of huge resource exploitation from the surrounding for that great force of human resources. The introduction of information technology has made the opportunities for job stronger (Bland and et. al., 2015). I saw a certain rise of this sector which got flourished with ample of positions left for technical freshers. These employees are even paid good packages for their first job. There are several trends that have been born in an economy, which says that a fresher comes up with more new ways of performing that obsolete work which can improve the time taken for the effort and cost related to it can be reduced. This contribution of the graduated employees has made the nation more youth empowered that brought many advantages for country itself. The cost of living of resident has been increased which forced every candidate to seek for a job so that they at least can earn some minimum pay for their living.
I have analysed that the vacant positions which were been surveyed in the past year that were not filled by fresher, is now getting occupied at a fast rate, because there are many expenditures which requires monetary aspects that has to be arranged somehow. Therefore, graduates are focusing on getting employed for any job which is offering a good amount. Earlier the condition of industries was not very good which ultimately affected all the workers who were working (Zwysen and Longhi, 2018). Thus there were very less employees as compared to the required number but with a rise in the economy it was seen that the conditions of the industry is getting improved that resulted in increase in the facilities provided to them by an organisation. As the facilities satisfies every worker but also attracts those who search for job. This facility has played a major role for a graduate’s employment.
There are also social factors which facilitated the recruitment of fresher’s in past few years. One of the major factors that have been considered is the concept of identity. The interest of an employee and the loyalty depends upon the way through which it perceives certain organisation and their individual groups. With certain efforts done by company which has brought new concepts that has created a good relationship among employees has develop a good working environment resulted in the building up of good image in the outer environment which helps to attract more applications of freshers (Olowa and Olowa, 2015). In addition, various affirmative action’s have played an effective role in changing the mindset of employees. The affirmative action regulation has changed over the past 25 years which has lead to provide support to women and minorities for holding several positions such as lawyers, doctors, astronauts and judges of courts.
This has motivated every youngster who belongs to this category are effectively applying for various jobs and are provided equal opportunities. Every field has been flooded with female applicants who not only excelling in their jobs but also providing a great competition to male competitors. With supportive laws for no racial discrimination, the people belonging to minority got their equal rights of getting proper education and a good job which built up a new confidence in them and a strong increase in candidates belonging to this category are working in good organisation with a good repute (Gregory, Matthew and Baguley, 2018). These social factors have helped in developing a favourable environment for the employment which benefited them a lot.
With an increase in the job opportunities, the living standards of every individual has increased which has lead to make every native fully able to fulfil every tax and support the government which benefits the economy in return. A strong economy can develop the country with more improved living conditions and better opportunities of jobs and availability of everything that is required for going ahead in life (Eboli, Forciniti and Mazzulla, 2014). Seasonal fluctuations also affects employment as some industries has the production of products which has demand just for the specific time period then one can see the rise in the requirement of these job but when the industry reaches the off season phase the employees which are required decreases (Graduate Employability: A Review of Conceptual and Empirical Themes.2018) .Also the salary of current employees decreases due to less production of goods and services whereas an individual was flooded with monitory benefits as per season's demand.
It has been concluded that there has been a rise in the employment of fresher’s in every field through various facts and figures which were collected after performing surveys in the year 2015-16. It provided guidance for building up the report which covered every factor such as economic and social that affects the employment opportunities for graduates in various industries.
Economic factors includes several aspects such as employment level, rules and regulations, cost of living of every individual along with major reasons such as globalisation and conditions of industries that impact the number of jobs. There are also some social factors that have supported the employment such as affirmative action’s for female students and those who belong to minorities along with the identity factor of every company which attracts new candidates for the job. In addition, the advancement in the technology created a flood of jobs in the information and technology sector, providing ample of opportunities which every individual is grabbing.
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