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

with honours qualifications or great performance in academics are experiencing

unemployment

issues globally.The major causes for

this

problem are increased competition in the

job

market,

companies

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

there could be several reasons for

unemployment

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

job

market,

companies

' desire to employ fewer

employees

as much as possible and the number of

employees

the company can employ is less than the talented

graduates

in the

job

market.

Firstly

, compared to previous decades, landing a

job

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

graduates

have to compete with experienced

employees

who return to

work

.

Secondly

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

companies

' operations.

Therefore

,

companies

favour employing experienced multi-skill workers rather than

graduates

in order to save their money

Thirdly

,due to the changing

work

structures, the vacancy for

job

positions limits the number of recruitments to be made.

Hence

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

On the other hand

, governments play a vital role

i

Change the capitalization

I

show examples

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

unemployment

opportunities and reducing taxes for

companies

that hire qualified

graduates

in the workforce.

Subsequently

,

companies

should launch a campaign or programs earned at

graduates

with great qualities through collaborating with

companies

such

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

companies

to hire fresh

graduates

for

work

positions by funding half of the employee salaries.

As a result

, the

graduates

can showcase their skills, obtain

work

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

companies

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

employees

to

work

with in the future. In conclusion, most

graduates

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

unemployment

problems. In order to alleviate

this

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

graduates

in their workplace with the tax cuts or flexible charges.