Still studying? Most likely your job will not require a degree

As graduation day is becoming closer and closer, I can’t but wonder if I will find a job, or better yet, a job in my field. But the statistics aren’t very positive. According to Accenture’s U.S. college graduate employment research, 51% of recent graduates feel underemployed. This means that more than half of recent graduates are in jobs that do not require a degree. With the youth unemployment rates also high, the leap from university to the job market does not look very appealing. I have the privilege to study in Finland, where higher education is free, but how about the millions of young people who spend thousands of dollars in their education? Knowing that more than half of the people you study with will be underemployed after graduation, some even unemployed, and others back in education, means that the amount of people from your class who are actually putting their education to use, is extremely low. Many with huge debts haunting them, this puts young people in a very unfortunate situation right at the beginning of their careers.

 

This is not just an issue that us as young people should be worried about. If young people, who are the future leaders of companies and countries, are not in decent jobs, the societies are losing at large. Policy makers should be worried about the resources they are spending on public education and the future of their country. Business leaders should be worried about who will operate and lead the companies in the future. There is no need educating people, if there are no use for the education.

 

But what are the factors behind the high graduate underemployment rates? Is education not preparing us for working life? Or do jobs no longer require degrees? Here are three possible reasons behind the high rates of graduate underemployment.

 

  1. Education not preparing graduates with soft skills

Some say that it is because graduates do not have the required soft skills to perform in a workplace. Students are still encouraged to learn things by heart and write essays from books they have read from cover to cover. However, many times university does not prepare students for effective communication or enhance their problem solving skills, which are essential for the working life.

 

  1. The required technical skills are changing faster than educators can keep up

Young graduates are usually missing even the basic technological skills that are needed in the 21st century, like Search Engine Optimization, programming and web design. With even the basics missing, it is difficult to keep up to date with the constantly advancing technology. Education is failing to keep up with this pace, making young graduates even more less likely to be employed. There are many organizations that offer programming education online for free, but higher education institutions should also include it in their curriculums to make the skills more widespread and their graduates more employable.

 

  1. High employer turnover vs. Recruitment costs

Others argue, that because of high employer turnover and the financial resources it takes to hire and train a new person, companies are not so willing to recruit so often. Another possible reason for requiring less hires is the advanced technology as more and more tasks can be done automatically or by robots and artificial intelligence.

 

Whatever the reason is, it’s clear that it’s not just unemployment but also underemployment that is a challenge young graduates face more often than not, and it is the responsibility of all policy makers, educators and business leaders, to help equip the future leaders for a better future. As for me, I just have to wish that I’m within the about 18% that score a job that fits their degree.


Written by: Alexandra Byskata

 

What skills are needed to work in a global market?

Hiring international HR is a huge responsibility from every possible perspective you can think of. Not only as a monetary investment of your firm, but it is also a monumental monetary and emotional investment that is being made by the people you are employing from other countries. Thus, this blog explores topics beyond the usual “Top 5 skills I should look for while hiring International Talent”, to explore the matter with a lot more thought and process for all of us to know.

I’m assuming that you understand the investments being made while hiring such talent very well before you read this blog, or that you have enough budget to explore such a thing. That said, you are looking for someone exceptionally unique. Otherwise, you would have searched for someone from your resident country itself.

Being 2017, our processes and thoughts have escalated and become more person-oriented as ever. The importance of teamwork and the reliability on teammates has increased in these times more than ever before, and hence it is important to recruit employees who have a character that fits best with the team(s) in your firm. Hiring just the best will not do it because they will not be the best when they aren’t a good fit in the team you allocate them to. Not only will you end up misusing your resources at that point in time and reducing positive results, a situation can most likely arise where that individual ends up losing their momentum and slow down the progress of their own talent and potential.

That said, various companies and universities have regularly mentioned many skills that they find important for people in today’s ever growing world where borders are diminishing. If one starts to accumulate these, you will find 16 skills that are, more or less, common in all the lists online which are what employees need to possess in this age and hour for the global market. There isn’t any grading or scoring system to any of those points because it depends on what kind of a person you’re looking for. However, every employee seems to need all of these skills in today’s world. These 16 skills are as mentioned below. Are all your requirements mentioned in it?

globalskills_image4

 

These 16 skills can be actually be divided into these 3 sections:

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Such categorizations have been made based on the graph below. It’s a percentile graph of the kind of job descriptions and duties employees have been getting since 1960 all way to 2010. One will see why it has become increasingly important for global HR managers to consider such information more seriously.

 

globalskills_image2

The need of 2017 is finding people who are exceptional in “Problem-solving in technology-rich environments”. The problem is that studies say there is roughly only 6% of the current population who really possess this quality. Therefore, it is your responsibility to create environments that make your employees more efficient and hire people who will fit best in the environment you have tailored for your workforce.

Hope this helps and eases the process for you in your endeavor to select some of most amazing individuals from around the world for your workplace.

Best of luck!

Written by Sean Ankit Bothra.

AIESEC launches Let’s Get Real campaign

The campaign calls out youth to get engaged in the global affairs

Today AIESEC launched ‘Let’s Get Real’ campaign to raise awareness about the UN Sustainable Development Goals amongst young people. The campaign urges youth to get to know the Global Goals by translating the sophisticated language into simple messages that feature relatable tips for their everyday lifestyle choices. AIESEC aims to make 1 million youth aware about the SDGs and encourage them to act for a cause they care about. Visitors of the Youth4GlobalGoals website can pledge to one of the SDGs, manifesting their will to become SDG advocates and take action.

According to the YouthSpeak Survey, 55% of young people are not aware of the Sustainable Development Goals. Through Youth4GlobalGoals initiative AIESEC aims to mobilize every young person to act for the SDGs. Let’s Get Real is the biggest awareness campaign AIESEC runs since the YouthSpeak Survey campaign in 2016, which gathered over 180.000 responses.

‘Let’s Get Real’ is our shout-out to young people out there. We want to burst their bubble, let them know that life issues go beyond photo filters or a number of likes, if to take into account diverse realities of 1.8 billion young people in the world. At the same time, we want young people to see how privileged they can be and what responsibility this brings’, says Alonso Salazar, Global Vice President Digital Marketing in AIESEC and the creator of the ‘Let’s Get Real’.

‘Let’s Get Real’ campaign release includes a refreshed version of youth4globalgoals.org website that will allow youth to understand the SDGs better through gamification and interactive website features. The campaign will run in 120+ countries and will be powered by a network of 40k young volunteers. ‘Let’s Get Real’ is AIESEC’s contribution to engaging youth with the ‘One For All’ campaign powered by PVBLIC Foundation.

Get engaged by taking a pledge at youth4globalgoals.org to become one of out of the youth advocates.

About Youth4GlobalGoals:

The initiative aims to mobilize young people to contribute with actions to SDGs. Throughout 2016, 32.000 young people went abroad to volunteer in 4,500 SDG-based projects. Moreover, AIESEC hosted YouthSpeak Forums in 200 locations and educated 56.000 people on the SDGs. The initiative reached 12.5 million people. Please find attached the full 2016 report: http://bit.ly/Y4GG2016

Why don’t the youth possess the soft skills needed for today’s jobs?

Nowadays, a lot of jobs are available for graduates to be employed and to earn a fair amount of income. However, it is believed that the youth is facing joblessness not because there is a lack of jobs out there, but because they do not have the right skills for the jobs they apply for. Here are 3 reasons why.

 

1)   Little or no focus on building and learning new skills:

A lot of graduates focus too much on the academic and neglect building up on their authentic selves. They have been told from their parents to go to school, middle school and high school with the aim of reaching the highest grades : the famous A+. Teenagers are pressured into going to university or college right after they finish with their schooling, so as to have a tertiary education. Then on, they are compelled to look for full-time jobs with their degrees. This extreme focus on academic results and the lack of time and effort put into building the right skillsets they need to be employable is actually what denies the youth of a well-paid job by a potential employee.

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2)         Modules need to be reviewed by universities:

Gaps in formal education are also another reason for why the youth are not prepared for work. According to Fraser Nelson, students are “egged on by teachers (and government ministers) who say that a university degree is always worth it; perhaps true a generation ago, but not anymore” (The Telegraph, 2016). Universities have been charging a lot of money out of students, though they do not frequently review their syllabuses. Hence ‘useless’ modules are being taught to students year after year, with the growing lack of the necessary soft skills needed for these future graduates to kick start their careers. If universities partnered with companies and the government to change what’s being taught once every two years, and to instill important skills into future degree holders, the job market would not have been such an unnerving zone.


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3)   Working experience is highly needed from graduates:

More than academic results, experience is much needed in the workplace. Many graduates have never had a job before their university lives. Because employers look for past work experiences in students, the large majority of graduates keep waiting in the dark for this super important call to confirm if they got the job they applied for, or if they still need to go hunting. The Bureau of Labor Statistics report that in 2016, prior work experience was required for 47.8 percent of all jobs, while a bachelor’s degree was required in 17.5 percent of jobs. The necessity of working experience has outgrown the need for a degree, or a diploma during the last decade. If graduates want to have a full-time job right after their degree, they absolutely need to work on their soft skills by being on the lookout for job experiences.

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Written by Aamirah Mohangee,
Mauritius.

Leadership skills – the missing piece for youth employment?

Universities teach a lot about hard skills and theories, but when it comes to being able to implement the learnings in practice, a lot of young people find it difficult. This has also been noticed by many employers who say that young people are missing the soft skills needed in a professional environment. It is important that young people know how to manage time correctly, communicate effectively in different environments, and can get through challenges when facing them. But if universities are not equipping young people with these skills, they need to search elsewhere for the experience.

At AIESEC we have noticed the need of better leaders in the world and believe that leadership can be developed in anyone. AIESEC’s unique leadership development model seeks to prepare youth to take a stand on what they care about and become capable of making a difference through their everyday actions. We believe that by equipping young people with these leadership skills, they will be more prepared for the future. All our products develop four leadership qualities that are related to current world trends. These qualities are self-awareness, world citizen, empowering others, and solution oriented. Below you can read how these leadership qualities are relevant professionally for young people.

  1. Self-awareness

The declining need for formal leaders has brought about the need for more self-aware leaders. A self-aware leader knows what they are good at, what is important to them and what they are passionate about. When young people know themselves they are able to make better decisions for their careers as well. The youth of today want to work for a company that shares the same values as them and that does something good for the world. Being aware of their own values and passions helps them choose this kind of organisation and this increases employee retention. In addition, a self-aware leader focuses on their strengths over weaknesses, making them more ready to take on new challenges at work, not letting their weaknesses slow them down.

  1. World citizen

With globalisation, the business world has less and fewer borders. However, globalisation has also brought growing nationalisation in many countries. This is why being a world citizen is an increasingly important skill to have in the working life. Being interested in the world issues and especially taking responsibility for improving the world are essential to do business in a globalised world. AIESEC gives young people the opportunity to challenge themselves in another country. They are able to learn about the people and culture of that country making them more equipped to work with people from different backgrounds. This doesn’t only apply to an international workplace, but any job where there is a need for teamwork and interacting with other people.

  1. Empowering others

The quality of empowering others is needed to navigate the complex and interconnected modern world. Communication skills are vital for any relationships to work, so young people need to be able to communicate effectively in diverse environments to get their point clearly across and avoid any chances of misunderstanding. It’s also important that young people know how to collaborate with other people to achieve a bigger purpose. Lastly, by developing the skill of empowering others, young people will be able to contribute to the personal development of others and empower them to take action. This means that they can empower their co-workers to reach higher and challenge themselves.

  1. Solution oriented

The fast pace of the modern world also makes it a more uncertain place, and young people need to be prepared for change. Instead of being frozen in the face of a challenge, young people should show resilience and be flexible. The uncertainty of constant changes might seem frightening, but by staying positive, a young leader can steer their team forward despite the uncertainty they might face. This calls for the willingness to take risks when they are needed. This quality is very important in a working environment, as you can never know what changes might happen the next day economically or politically. A solution-oriented leader does not let failures hold them back, but gets up and continues to fight towards what they are aiming for.

We believe that if we develop these four qualities in young people, it will make them ready to face the challenges the world has in front of them. They will also be able to turn the theories and knowledge they have learnt at university into practice, making them more employable in the long run.

– Written by Alexandra Byskata

Forever in student debt

The job market isn’t what it used to be. Many who have grown up in the industrialized countries envy older generations for how easy it was to get a job. Those from developing countries often see more opportunities brought by economic growth, but also face a more competitive environment. In both cases the rules have changed and the advice you get from the older generations might be a bit out of date.

 

This week is the CYFI Global Money Week. Its’ aim is to inspire young people to learn about money and become financially savvy. With many graduates struggling to start off their careers and pay off their student debts, many could use some of that savviness. Add the high youth unemployment rates in many countries, higher requirements for jobs and increasing financial burden together and you’ll get what is starting to look like an impossible equation. The first proper job is notoriously hard to get, but nobody wants to keep eating those instant noodles forever.

Photo by Christian Kadluba (CC 2.0)

 

The only thing between you and the position that will kick start your dream career is the hiring manager.  You know that you’ve got what it takes but how on earth do you convince the hiring manager about that? Studies show that the first positions you have can have an effect on the rest of your career. In the end somebody always gets the job and there’s no reason why it couldn’t be you. So how do you get there?

 

Older people seem to find it hard to believe how it can be so hard to get a job. After all, they just walked into a company and got hired, so why won’t you do the same? Many things have changed in the past decades. Just the Internet alone has completely revolutionized recruiting and made the job market a lot more competitive.

 

Even if you have the drive and skills needed for the job, you still need some proof unless you have exceptionally good persuasion skills and can sell yourself well at the job interview. But it can be hard to even get your foot between the door in the first place. With thousands of applications and resumes that look a lot the same you need to stand out somehow, get that differentiating factor that proves that you have the right kind of attitude and that you’re prepared to go out of your way to make things happen.

 

You can find a million different blog posts listing tips on how to tweak your CV, what to say in a job interview or when is the right time to contact a potential employer. But nothing really rivals practical experience. Getting a good internship that gives you the kind of experience that you’re looking for is an investment to kick-start your career. It helps you break that seemingly paradoxical situation where an employer requires experience for an entry level position, and serves as proof of your proactive attitude. It gives you a story to tell about what you can actually do, instead of just what you would like to do.

Celebrating ambition transcending gender

There are many theories and interpretations on what causes women to be disadvantaged and unequally represented especially regarding work, but also in other fields of life; A glass ceiling is an invisible obstacle that prevents a woman from advancing in her career, while a discriminatory practice that keeps women at the bottom of the job scale is called a sticky floor. The majority of decision makers are men, both in business and politics. Wage gaps exist even in the most gender equal societies of the world. Women often face many unfair obstacles that make it harder for them to advance their careers, ranging from the pressure of staying home taking care of the children to belittling attitudes that force women to prove that they’re just as capable as their male colleagues.

If you take a look at the “Women’s First” , a list of achievements by women, it’s hard to find areas where women were truly first, and not just first after men. It is quite disheartening that very often to achieve something as a woman is to do something that has already been done by a man. From the standpoint of professional achievement, women have to face being constantly compared to men.

 

Yet, there are women who managed to defy this fate seemingly against all odds. Take for example Marie Curie. Yes, she was the first woman to receive the Nobel prize, but she was also the first ever person to receive a Nobel prize in two different fields, both chemistry and physics. She is one of the most influential scientists of the 20th century. Frances Perkins was the first woman to be appointed to the U.S. cabinet and helped pave way for the participation of women in work life. But Perkins was also shaping policies that influenced the lives of millions of men. She was working for the whole society, both men and women. The one small step for man taken by Armstrong was enabled by the in-flight software developed by Margaret Hamilton, a pioneer in software engineering, and her team. When looking at the young self-made entrepreneurial generation of today of Alaa Murabit, Divya Nag, and the like, one can only guess what they will accomplish in the span of their whole career.

Margaret_Hamilton Margaret Hamilton and the code her team wrote for the Apollo project.

This International women’s day, we celebrate ambitious women; those who broke off from sticky floors, who shattered the glass ceilings with a smash, and who didn’t ask for a permission to excel. Women who are successful in what they do both as women – and just purely as exceptional people.

 

AIESEC has been recognized as one of the most freedom-centered democratic workplaces for 10 consecutive years by WorldBlu. AIESEC’s youth empowerment defies gender norms, through numerous projects focusing on the Sustainable Development Goal 5, and through both young women and men that are represented in the top levels of the organization. They were all chosen for their roles not because or despite their gender, but because they were the best people for the job. AIESEC doesn’t discriminate based on gender.

Everyone should have the opportunity to explore their passions, and strive to become the best version of themselves, no matter their gender. So go for the career that you want, whether that is to defy the prevalent norm, or not, and don’t let others’ expectations hold you back. Dare to believe that you are good enough for it.

Youth 4 Global Goals Day 2017

Building the Young Person’s Guideline to Saving the World

The Netherlands, Venlo:  On February 13th, 2017, AIESEC will host Youth4GlobalGoals Day, a one-day event that will bring together top young leaders from 120 countries and territories together with experts from 20 organizations to create inputs for the Young Person’s Guideline to Saving the World. The Guideline will consist of the actions young people can do to advance the Sustainable Development Goals.

The event is organized by AIESEC, the world’s largest youth-led organization, as a part of the Youth4GlobalGoals initiative. The initiative aims to promote and stimulate meaningful youth participation in the implementation of the SDGs.

In 2016 the United Nations released the “Lazy Person’s Guide to Saving the World”, a great initiative to encourage people to take small steps towards the Global Goals. The Future We Want outcome document of Rio+20 UN Conference on Sustainable Development refers to young people as “custodians of the future” – highlighting youth as important stakeholders with the critical role of creating a sustainable future for themselves and future generations.  

Therefore, AIESEC aims to create the second guide that will be adapted towards a young audience and include diverse geographical and social perspectives, giving an opportunity to millions of young people to make a positive impact on their communities.

The Guideline will be created with a support of the representatives from Asian Development Bank, Electrolux, PwC, TCS, UNICEF, UNV, UN-Habitat, UNIDO, PVBLIC Foundation, Teach for All, World Vision, Plan International, Water Youth Network. The release date is set for the end of April 2017. The Guideline will be published at youth4globalgoals.org.

The event is open for the participation of media representatives. For further inquiries and media participation, please contact PR Specialist of AIESEC International.

Media contact:

Tanya Landysheva

PR Specialist of AIESEC International

tanyal@ai.aiesec.org

 

AIESEC and IE partner to enable leadership development for Millennials

Partners Dinner in Belgium

Niels Caszo – President of AIESEC International, Kim Goddard – Director of B2C IE Business School and Anna Otalora – Global Partnership Development Team of AIESEC.

Advocating Sustainable Development Goal #17 Partnerships for the goals, AIESEC has been creating strategic partnerships with organizations and companies to offer more opportunities for Millennials and its development.

That is how AIESEC and IE Business School have been working together for more than 8 years now.

The main purpose of this collaboration is to promote opportunities to develop young leaders with values for the world, so we can find engaging content delivered by both around world trends, webinars for Millennials and opportunities offer.

“IE and AIESEC have been partners now for over 8 years, both aiming to bring out the very best of the future generations.  Both firmly believe in the importance of creating sustainable excellence though celebrating all aspects of diversity and innovation. At IE, we have approximately 4.000 students from 131 countries undertaking degree programs each year. Through educating young talent in a strong values-based environment, we both aim to create entrepreneurial and responsible leaders who will in turn have a positive impact on the world through their decisions. Based on such strongly-aligned values, a partnership with AIESEC is fundamental to IE”.

Kim Goddard

Director of B2C, International Development department

IE Business School

What we have been doing?

  •  Take a look to the last Webinar we delivered together: “Technology Leadership in Times of Disruption”. 

Professor Paris de l’Etraz talked about innovation, disruption, leadership in organizations and gave some extra tips about it.

 

 

  •  Thinking about leadership development, IE offers with AIESEC  5 scholarships of 25% discount every year on the following Master programs:
  • Master in Management Master in Finance
  • LLM in International Business Law
  • Master in Market Research and Consumer Behaviour
  • Master in Architectural Management and Design
  • Master in Design for work retail and learning environments
  • Master in Visual and Digital Media
  • Master in Corporate Communication
  • Master in Business Analytics and Big Data
  • Master in International Relations Global MBA
  • Master in Customer Experience and Innovation
  • Master in Talent Development and Human Resources
  • Master in Cybersecurity
  • Master in Real Estate Development
  • Master in Global Corporate Compliance (LLM)
  • Master in Global Taxation (LLM)

Apply here for a scholarship & let’s open together the door of your future!

What is coming?

According to Youth Speak, the global millennial insight survey, 3% of the Millennials that answered selected “Housing and Urban Development as the sector that need technology the most. With this context Smart cities is the topic that will connect AIESEC and IE for the next months.

During March of this year, we will invite you to be part of our webinar hosted by the Dean of the Architecture Faculty, Martha Thorne.

Stay tuned with our social media channels to be up to date with the news, content and opportunities we are bringing with IE.

Also, take a look…

If you are considering the next steps in your career, take a look to IE´s Master programs, an offer with online, part-time or even full-time studies. Click here to know more.

Looking for a job…or a future?

Blogpost Writer: Laura Sabrina Al Bast 

There are always going to be challenges; not the right job, indifference and lack of motivation, time. But there will always be opportunities, if we seek them properly and take enough risks to defy every single obstacle that has put the young under the epidemic of unemployment, social unrest and inequality.

The Economist described it best when it called this generation, jobless. It’s true, there are not enough jobs. Not the right kind of jobs at least. The life our parents lived had a set path, the life we live today has been moulded by technology and various waves of economic changes that having a stable career is not and won’t be an option.

Youth today are not looking for jobs, they are looking for a future. There’s a difference.

 


The Economic and Social Council Youth Forum ’17 was concluded yesterday – a platform that was provided for youth to engage in dialogue with member states and share ideas on innovation, collective action and solutions to global problems.


At this forum, a panel was held at the Digital Media Zone moderated by AIESEC Global’s president, Mr. Neils Caszco. The panel’s objective was to unravel the unique challenges of unemployment among young people and highlight the global efforts and innovations to create decent and sustainable jobs for youth.

One particular insight presented by speaker Mr. Christopher Eigeland, a UN Youth Delegate from Australia is that “it’s becoming increasingly clear that a university degree is no longer enough to often get you a job, or a job that you want.” Which is true, the world has evolved, and though great benefits it has brought forth but it has also pushed youth to exert more effort; seeking alternative education and learning mechanisms that would advance both their knowledge and grant them transferrable skills that the market looks for -skills are not taught in a classroom but sought after on-ground.

                                               rsz_2

The real question isn’t why youth are left sinking in a sea of unemployed futures, but rather how can they swim back up for a breath of opportunity. Simple; open a blog, manage a social media page, seek dialogue with policy-makers in the government, hold immense dedication and perseverance, look for your passion and most importantly, volunteer.

 The future isn’t about how much money you earn and products you consume, but rather how much change you bring forth and experience that consumes you.

Once you work towards the development of yourself and a local community foreign to your own, you realize how the path you thought should be pre-set for you is rather one you set for yourself. In a day and age like this, what we as AIESEC do and why we do it becomes not just relevant, but necessary. Our organization envisions peace and fulfilment of humankind’s potential through cross-cultural opportunities for an individual to develop key leadership skills; self-aware, solution oriented to problems that push your innovation to extremes, empowering and open to new experiences, and most importantly, a world citizen constantly interested in issues that could shape the future you seek. So yes, The Economist rightly described our generation as jobless. But what we realise today is that we may be a jobless generation, but we are not futureless.