If you have a son, daughter, grandson, granddaughter, niece or nephew graduating from university this year they will be entering a very challenging job market. In 2018 there will be approximately 300,000 graduates from 195 Canadian universities – up from 100,000 from 65 universities in 1985.
The world has changed. Research by the Parliament Budget office in 2015 indicates that 56% of university grads below the age of 24 are underemployed (working in jobs that do not require and university degree) and that the underemployment rate falls to 40% for the 25 to 34-year-old cohort. Both trends have been increasing since the mid-1990’s.
The competition for entry-level jobs is intense. Companies are not hiring the way they used to and report hundreds of on-line applications for even the lowest level roles. Boomers are not retiring. Job seekers submit dozens, if not hundreds, of on-line applications that disappear into a black hole. It is demoralizing to talented young people.
Career coaching for a recent grad is a lifetime gift. They will launch their careers and acquire life-long skills including networking and interviewing.
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