In many countries today there are many highly qualified graduates without employment. What factors may have caused this situation and what, in your opinion, can/should be done about it? Give reasons for your answer and include any relevant examples from your own knowledge or experience. Write at least 250 word

During these days, the majority of

graduates

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with honours qualifications or great performance in academics are experiencing

unemployment

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issues globally.The major causes for

this

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problem are increased competition in the

job

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market,

companies

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reducing the hiring costs and the greater demand oversupply in the workplace. In my opinion, government funds and subsidies through programs as well as cooperation with businesses are the best solutions to the problem.

Although

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there could be several reasons for

unemployment

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, the main reasons are associated with the competitive nature of today's

job

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market,

companies

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' desire to employ fewer

employees

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as much as possible and the number of

employees

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the company can employ is less than the talented

graduates

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in the

job

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market.

Firstly

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, compared to previous decades, landing a

job

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is more challenging than ever before, as the criteria or requirements for a position are high and

graduates

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have to compete with experienced

employees

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who return to

work

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.

Secondly

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, cutting unnecessary costs can be helpful for the long-term of

companies

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' operations.

Therefore

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,

companies

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favour employing experienced multi-skill workers rather than

graduates

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in order to save their money

Thirdly

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,due to the changing

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structures, the vacancy for

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positions limits the number of recruitments to be made.

Hence

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, recently graduated people are given fewer favours, which can be seen in countries ,especially in Europe.

On the other hand

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, governments play a vital role

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I

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employment rates in various in countering the high countries, should be supported by offering more

unemployment

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opportunities and reducing taxes for

companies

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that hire qualified

graduates

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in the workforce.

Subsequently

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,

companies

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should launch a campaign or programs earned at

graduates

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with great qualities through collaborating with

companies

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such

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as apprenticeships, full-time, part-time jobs. Take Singapore as an example, in amidst of COVID - 19 issue, the government subsidies

companies

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to hire fresh

graduates

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for

work

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positions by funding half of the employee salaries.

As a result

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, the

graduates

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can showcase their skills, obtain

work

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experience and improve their performance through hands-on experience as full-timers from the

companies

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' sides, they can have more human resources for operations and find potential

employees

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to

work

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with in the future. In conclusion, most

graduates

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who passed with flying colours, even in developed countries, have to deal with

unemployment

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problems. In order to alleviate

this

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pressing issue,I believe that governments should fund more in government industries for recruiting new staff as well as encouraging businesses to recruit

graduates

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in their workplace with the tax cuts or flexible charges.