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28 October, 2020 09:26:16 PM

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Stress in job market: Addressing new challenges and opportunities for youths

Whereas youths are more visionary and energetic, we can expect that opportunities will be given extensively considering IT skill and other professional qualification along with academic results
Md. Saifur Rahman
Stress in job market: Addressing new challenges and opportunities for youths

The world is passing through the most critical time ever in the history due to coronavirus outbreak. No business organization, corporate houses, factories, manufacturing units could get rid of the scourge of pandemic.

A huge change has already taken place in the job market and in some cases the trend of innovation is flowing. While few people have been able to adapt to this problem, most are facing new challenges. Newcomers to the job market and those who are youths especially, the near future for them is uncertain now. According to South Asian Network on Economic Modelling (SANEM), owing to the Covid-19 pandemic, about 6 million people became unemployed in various sectors of Bangladesh due to low disruption in manufacturing and supply chain, though experts warn that the number might rise if the current situation continued. The Ready Made Garment sector is Bangladesh's largest employment and export sector which generates 84% of total country exports and 20% of GDP. More than a million garments employees have lost their job because of this downfall. The effect of pandemic is not only in garments sectors but in other private industries too. Various types of effect will have been faced by the job sector.

Like many other countries in the world, job seekers of Bangladesh might face many challenges in upcoming days. We can consider this matter as a three-dimensional problem which is standing in front of fresh graduates.

Firstly, there were already less opportunities for young job seekers in Bangladesh which had never been treated as a hindrance to the progress of youths. Now it will be more critical to find new opportunities for fresh graduates. Secondly, new joiners are the most vulnerable to lose their job anytime without prior notice at maximum ground as they have less professional capacity and negotiation skill.Thirdly, people without any experience have to compete with the experienced people now in job market who lost their job due to the pandemic and the financial benefit will comparatively less than previous.

As SANEM stated, 50% of the 6 million job losses were in the cottage industries, 25% were in small industries, 20% were in medium to large industries and 5% were in other fields. Though there are these challenges, still opportunities are available. The New Normal situation has taught us how the world can move forward based on smart devices and how we can run offices, operations and organizations through virtual connectivity and commands. New designs of thinking, innovations and working procedures have been initiated by MNCs and fastest growing organizations. Traditional practices have been extensively changed and refined during this time. The people who are good at IT equipment and skilled in using smart devices are growing professionally. But in Bangladesh, female freshers are standing behind male freshers in terms of ICT skills. A joint research of BIGD and BRAC shows that 24% male freshers have computer skills whereas for female freshers the rate is around 10%. This statistics suggests that the ICT knowledge and skills yet to be developed in fresh graduates. Whereas youths are more visionary and energetic, we can expect that opportunities will be given extensively considering IT skill and other professional qualification along with academic results.

According to many high officials, once the current crisis of pandemic is over, the door to new opportunities will open again which is started actually. Even in some cases it is being resumed again. Whether each industry will return in previous stability or not, time will decide it later. But predictions suggest that maximum industries will turn back shortly with new forms like E-commerce based business will take leading places over traditional platforms.

The running time should be considered as the preparation hours of new success. Dan Hawes, co-founder of the UK-based 'Graduate Recruitment Bureau, responded to the question 'what did you do in lockdown?' So, at this time, youths can focus on developing a complete CV, fresher in the workplace and students of final year, they can do specific online courses, achieve technical certificates or training and volunteering for professional development. In addition, a closer look at how to connect with recruiters, check for online jobs, create a resume and a LinkedIn profile can be helpful in finding a job soon. Soft skills can be thoroughly developed. In the near future, it will become an asset for new job seekers to learn skills such as negotiation, leadership, communication, office applications, etc. These will return benefits to social connectivity with professional networks and joining interactive learning networks.

To unfold the wings of new opportunities, fresh candidates must jump in skill development beside of effective learnings rather than waiting for tomorrow. Best utilization of time through innovative and effective learning and self-development would help in multiple extents to fresh graduates.

The writer is an Executive, Admin, PDS Multinational Group

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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