Governments and institutions around the world have started pitching in to help their graduates. China has kicked off a 100-day campaign which includes expanding hiring for state-owned enterprises, schools and expanding army enlistment, while also announcing more subsidies for small businesses.
Chinese University of Hong Kong set up a relief fund to create about 100 jobs for students as part of its plans to mitigate the impact of the anti-government protests and the Covid-19 pandemic, while alumni of Hong Kong’s Baptist University have offered hundreds of part-time jobs and internships to students, amid fears the unemployment rate among young adults in the city would soon hit double digits.
Amid what Morrison warned young Australians would be the toughest job market since the country’s recession in the 1990s, Canberra has also launched Jobs Hub, to connect job-hunters with potential employers and provide them with updates on the labour market and tips on how to secure a job.
Kitty Tan, the director of recruitment firm EPS Consultants, advised graduates not to hold out for positions and look for opportunities elsewhere. “Depending on the impact on the business, the company may not revisit the hiring and may even put off the hiring totally,” she said.
Others emphasise that this is an opportunity for graduates to do something meaningful with their time, which will improve their chances of landing a job when the economy improves.
Making the best of a bad situation and focusing on physical and mental well-being was a point emphasised. It is OK to feel this way (anxious or stressed) but ensure that you take the right measures to protect your health and navigate ways you can build resilience in such situations.