New and Recent Grads Will Be Hardest Hit by Looming Recession

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According to Inc., a network of online niche career communities, recent college graduates, made up mostly of the Millennial generation, are likely to be hardest hit by the worsening economic decline. Not only will these job seekers feel the largest impact due to the economy, but it will also be the first time many Millennials have experienced an economic downturn. <br /><br />With looming recession worries, many companies will begin tightening hiring and training budgets, making them leery of hiring recent graduates who often require additional investments of time and training to get fully up-to-speed. Rather, employers will tend to seek out one exceptional candidate with standout credentials as opposed to several individuals with average qualifications. <br /><br />&ldquo;As college graduation nears, many new graduates will soon be launching their professional careers in the midst of what may be a significant economic downturn. However, many individuals from the Millennial generation have little or no firsthand experience of how to deal with periods of economic recession, which could potentially affect their chances of finding their first job,&rdquo; said Rich Milgram, CEO of Inc. &ldquo;To be successful, these job seekers will need to take every avenue of opportunity to sell themselves as a valuable, dedicated employee.&rdquo; <br /><br />Tips on how job seekers can stand out from the crowd: <br /><br /><ul><li><strong>Gain more experience &mdash;</strong> Job seekers should increase their hands-on experience and broaden their skill set by doing additional internships, co-ops or apprenticeships. </li><li><strong>Consider further education &mdash;</strong> Considering a master&rsquo;s program can help make a job seeker more attractive in the workforce, and this value will only increase as the economy begins to turn around.</li><li><strong>Leverage certifications &mdash;</strong> Job seekers can stand out by taking certification courses within their field to master their current skill set. </li><li><strong>Go niche &mdash;</strong> With competition for entry-level jobs increasing, job seekers should seek alternatives ways to search for jobs. Niche career communities are a valuable, yet sometimes overlooked, resource to connect with employers through highly relevant searches and networking tools. </li><li><strong>Prove long-term value &mdash;</strong> With HR budgets potentially tightening, employers are looking for candidates who plan to stay with the company long term, so it is important for job seekers to convey their future plans during interviews. </li><li><strong>Review all correspondence &mdash;</strong> Job seekers should check and double spell check their resume, e-mails and thank you notes. Typos and grammatical errors can break a candidate&rsquo;s chances for a competitive position. Get a second opinion before you send out correspondence! </li></ul><br />Although these tips will be helpful in receiving their first job offer, it is important for new graduates to keep the momentum going once they start their new career. The possibility of an economic recession is leading employers to set high expectations for new hires. As a result, it has become more important than ever for job seekers to leverage their experience, enthusiasm and long-term value to employers to have the best chances of surviving potential layoffs due to budget cuts and downsizing. <br />

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