6 Million Chinese Graduates Looking for Work. You Hiring?

Thursday, January 8, 2009 11:30
Posted in category Uncategorized

The Guardian has put together a 3 minute piece on the recent job market for college graduates

[youtube width=”425″ height=”335″]http://www.youtube.com/watch?v=G4aZEeXLwn8[/youtube]

Currently interviewing interns, what I can tell you is that the quality of available talent now is higher than in previous years in January, and it is clear that these graduates have much different expectations than their predecessors.

Which for me is actually a good thing, but it is certainly not a good thing for these students

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2 Responses to “6 Million Chinese Graduates Looking for Work. You Hiring?”

  1. JohnG says:

    January 8th, 2009 at 11:13 pm

    Hi Rich

    What kind of expectations are you seeing? From what I saw before new graduates felt jobs had to come to them and it was okay to have high expectations of your employer. Obviously the above video has shown that has changed.

    J.

  2. Rich says:

    January 9th, 2009 at 3:54 am

    John.

    A few things I have scene:

    1) Quality of applicants has improved – that is to say that since PWC is not sucking up 20% of Fudan’s MBAs, I now have access

    2) Confidence is lower – students are scared to be without a job. I just read a piece od analysis from economist that puts this year’s graduate unemployement rate at 50%

    3) Salary expectations are lower

    Personally – I think that this is a time to really invest in people. The last 3-5 years has been difficult to feel comfortable investing in people as there was a lot of turn. With the economic conditions freezing a lot of firms, options are now limited, and I think employees will be forced to think a little bit more long term – and thus, the ability to really work in some loyalty is possible.

    R