For the last few years, the job market has been witnessing an imbalance between the number of job candidates and job openings. This scenario leads to an increasing number of people competing with fresh graduates for the same employment. This essay will discuss some of the consequences of such situation with which some probable recommendations.
There are several problems associated with the higher number of job seekers applying for the same opportunity. It usually implies that the majority of such candidates will remain unemployed as job vacancies are being limited. If any country cannot provide suitable employment for the majority of its people, the growth of the economy will likely hamper and may result in a deadlock position. Also, some candidates probably try to be appointed adopting unfair means in the recruitment. To illustrate these, a recent report in the Daily Star showed that Bangladesh police arrested all members of a gang who used to help unlawfully some opportunities in return of money. Thus, it is evident that unemployment and illegal appointment can raise when many prospective employees apply for a few positions.
To address the problem, one of the most effective solutions would be to increase the job opening which is possible by developing the economy. Prudent human capital is a prime requirement for any economy, however, not utilising productively due to aimless administrative planning. China had discontinued higher education for 20 years to make sure that the citizens are educated with technical knowledge to support its long-term plan to become the largest economy of the world, for instance. Self-employment is another approachable solution to ensure job opportunities for everyone, although it may require certain knowledge and training occasional.
In conclusion, despite the ever-rising job seekers being many social problems like unemployment and just appointment the potential candidates can transform the economy if measures are being taken effect in accordance with a long-term vision.
For the last few years, the
job
market has been witnessing an imbalance between the number of
job
candidates
and
job
openings. This scenario leads to an increasing number of
people
competing with fresh graduates for the same employment. This essay will discuss
some of the
consequences of such situation with which
some
probable recommendations.
There are several problems associated with the higher number of
job
seekers applying for the same opportunity. It
usually
implies that the majority of such
candidates
will remain unemployed as
job
vacancies are
being limited
. If any country cannot provide suitable employment for the majority of its
people
, the growth of the
economy
will likely hamper and may result in a deadlock position.
Also
,
some
candidates
probably
try to
be appointed
adopting unfair means in the recruitment. To illustrate these, a recent report in the Daily Star
showed
that Bangladesh police arrested all members of a gang who
used
to
help
unlawfully
some
opportunities in return of money.
Thus
, it is evident that unemployment and illegal appointment can raise when
many
prospective employees apply for a few positions.
To address the problem, one of the most effective solutions would be to increase the
job
opening which is possible by developing the
economy
. Prudent human capital is a prime requirement for any
economy
,
however
, not
utilising
productively
due to aimless administrative planning. China had discontinued higher education for 20 years to
make
sure that the citizens
are educated
with technical knowledge to support its long-term plan to become the largest
economy
of the world,
for instance
. Self-employment is another approachable solution to ensure
job
opportunities for everyone, although it may require certain knowledge and training occasional.
In conclusion
, despite the ever-rising
job
seekers being
many
social problems like unemployment and
just
appointment the potential
candidates
can transform the
economy
if measures are
being taken
effect in accordance with a long-term vision.