What are the job prospects for the class of 2020?
An article published by the Financial Time notes that this year’s crop of graduates, due to enter the job market in October this year in the UK, will enter a jobs market turned upside down by the pandemic.
Employers are responding to the pandemic by withdrawing job offers, pushing back start dates, or preparing virtual workplace introductions. Internships, typically part of an assessment for future job offers, are being cancelled, deferred or made digital.
A survey by Prospects, the UK graduate jobs website, found that 28% of graduates have had job offers rescinded or the start date delayed. According to the US National Association of Colleges and Employers, 4% of members are withdrawing offers and 20% are considering it, while 21% have cancelled internship offers.
Graduates without offers will have to navigate online recruitment fairs, chasing a reduced number of jobs. Surveys show that 27% of businesses are reducing the number of graduates they recruit in 2020. To read more, click here.