When I graduated from University many years ago, I never expected it to be easy to find work. It was in the middle of a recession and jobs were very scarce. Today, our current and post-Corona-virus world looks like it could well be a case of…
Everything old is new again.
Younger workers typically have more trouble finding and maintaining employment in a recession. In the US during what Australians call the Global Financial Crisis, although the unemployment rate for all workers peaked at 10%, the rate for workers between 16 and 24 years old rose to 19.2%.
Apart from the obvious immediate negative impact, if you miss out on these entry-level jobs, it’s very hard to catch up.
There’s no quick recovery
Research has found that US college students who graduated during a recession earned 10% less the first year after completing their studies than would otherwise be expected. And the effects continued for the next seven years - many graduates had no choice but to take jobs that paid less, which meant that any salary increases came off a very low salary base.
What can you do to avoid being caught up in this global disaster? To paraphrase the Australian response to the GFC…
Go hard…go early… and go technical!
Tip #1: Go Beyond Graduate Level Technical Skills
If I were looking for a job today, I’d be asking myself what skills a second or even third year-out employee would have. Then, I’d make sure that I attained them.
I was in my late twenties when I completed post-grad studies in Accounting – older than most of the other grads. I had switched from teaching French to a new industry sector and a new technical area and was determined to hit the ground running once I started my next job. So, I completed every single problem in every chapter of the Accounting manual to properly understand both theory and practice. My tutor thought I was bonkers.
What I noticed in the following few years in the workplace was that I had a grasp far beyond my peers who had learned enough to do well in the exams, but promptly forgot it all afterwards.
You can access more advanced content via free online courses including MOOCs (Massive Open Online Courses), EdX classes (featuring free courses from MIT and Harvard), and free Microsoft training and tutorials, as well as sites like coursera.org.
In addition, check out resources to improve your ability to master recruitment aptitude tests. I once worked with a Chartered Accountant who failed the numeracy component of his job application. He was mortified! Don’t let it happen to you. Just Google it and you’ll find plenty of support to improve your skills.
Tip #2: Keep up to date with technological changes in recruitment
As part of your research into best practice résumés, you have probably come across the issue of Applicant Tracking Software (ATS). This is a serious matter. There will be so many applicants applying for each role, organisations are likely to use ATS to screen candidates at the first stage of recruitment.
What is Applicant Tracking Software?
ATS is software that sorts through thousands of résumés to determine which ones are the best fit for the role advertised. It runs keyword searches and checks that qualifications and other pre-determined criteria are met by a candidate before it decides whether to score the résumé high enough to warrant a real person reading it. Some ATS can also draw information about you from your social media profiles, so a prospective employer can get a much fuller picture of who you are.
ATS were first used by large corporations that receive thousands of applications, but smaller businesses are now also using them. There are over 200 in the market today, used by around 80% of employers in Australia – so you really do need to factor them into your job search methodology.
What to do?
For each job that you are applying for, find out whether the prospective employer will be using an ATS or not. If they are, send them your ‘ATS’ résumé. There are plenty of blogs with detailed advice on how to modify your résumé. Here are just a few of the areas you will need to vet:
Why the need for two résumés?
You might want to take a shortcut and simply use your ‘ATS’ résumé for all job applications. I don’t recommend this. The ATS version is not likely to look as attractive and many people won’t read a document if it’s ugly. Further, your ATS résumé may be quite long in order to overcome issues involved in Point 7 above. A real person reading your résumé might be put off by repetition and length.
Develop two persuasive résumés that propel you into the interview as a prime candidate: one for a real person and one for the dreaded Applicant Tracking System.
Tip #3: Hone your communication skills
Employers will be able to insist on candidates having the whole box and dice: both technical and soft skills. Your soft skills will generally have developed over time to where they sit currently, but you still have time to make a difference to your communication skills. No employer is going to say, ‘We’re not going to hire you because you write too well’, but they could say the opposite so it’s an important area on which to focus.
Start improving your literacy and ensure that it is suitable for a sophisticated workplace. Here are three key areas to work on:
Tip #4: Start a Job Ready Group
This works just like a study group. By tapping into the energy, knowledge and strengths of others, each individual member of the team benefits. The aim is to implement effective job search strategies so that you all win a good job. To avoid competition within the group, join up with fellow students who are targeting different industries to you or who work in a different technical field.
Establish a Job Search plan with key deliverables. Meet once a week in the early stages and meet at least once a month until you all have work. Target the following areas:
Tip #5: Tap into available expertise
Make sure that you are operating at a Best Practice level. I spoke to a young client the other day who had made five attempts to win a place in the paramedics. He admitted that he had no idea about how to sell himself well in an interview in the early years and, as you could imagine, bitterly regretted his lack of preparation.
There are no excuses these days with excellent information available at your fingertips via the Internet.
In relation to résumés, here are a few guidelines to start you off. Briefly, a résumé needs to:
Each element of your Job Search outlined in the numbered list above will need the same high level of expertise. Divide the task up among individual members of your Job Ready Group and get started.
What Employers Want
There are so many elements to consider when applying for a job. Yet, in essence, an employer will assess three elements:
…CAN you do the job
…WILL you do the job, and
…WILL you fit in.
In the past, the negative effects of graduating in a recession did not affect everyone the same. Highly skilled graduates, those graduating from more selective colleges and universities or who majored in fields that usually lead to high salaries, tended to recover early hits to their earnings by changing jobs and employers once the economy rebounds. And these differences were magnified after recessions.
It’s too late for you to change your technical field or your institution, but you CAN become a highly-skilled graduate. Cover off on all five elements of this blog and you’re off to an excellent start.
Go Class of 2020!
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You might like these blog posts How to Produce More Leads With a Solid Content Marketing Strategy, 7 Signs You’re Ready to Hire a New Team Member, All Together Now: How To Create A Strong Management Team, and The Employee Engagement Trends You Need to Know [Infographic].