By Kevin Enriquez, Campus Representative, Drexel University
Trying to find a job is hard in a post recession economy; and the facts about the current economic growth makes it even harder. According to vault.com economic growth rates will decrease by a single percentage point by the end of 2011. The steady decrease in growth will affect everything from conducting salary negotiations and the rate at which you climb the corporate ladder.
The article reads:
Vault’s industry and career experts put their heads together and identified a number of key trends that will affect careerists over both the short and medium term.
What they recommend is
1. Do more with less. Ask for more work and show you are the go-to employee.
2.Hold back on housing; and wait for the market to improve
3.Choose your education carefully because reputation means everything.
4. Age diversity can be a new challenge since seniors are now coming out of retirement
5. The finance industry is in decline
6.The legal sector saw a dramatic drop
7.Consider short term jobs for now
8. The IT trend has now become a major player
9. Internships are important then, there still important now.
10. Focus on negotiating a package not a salary.
Point seven and point ten seemed most applicable to current undergraduates. Short terms jobs are not ideal, yet they are a reality of our times. More and more, choosing a variety of short term/part-time internships and jobs is seen as the "post college" path than the typical "first job" you see in the movies. Point ten is important as well - while firms may be able to dictate terms today, try and create a situation where you have some sort of assurance that if things turn around, your compensation will be brought up to market level.
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