Good News for Graduates Looking for jobs

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Are you a graduate looking for a job? Then I have some excellent news for you. Recently it was reported that almost 40 graduates compete for every graduate vacancy. Now you may ask how this can be good news for you when you have to compete with 39 other equally qualified graduates for a single job. Let me explain....

The graduate vacancy scenario....

Graduate jobs in Britain are expected to increase noticeably this year as more employers are prepared to recruit fresh talent. However, it was also found that almost 40 graduates will have to compete for each position. Although it may sound bad to you, but in fact it is undoubtedly good news. The fact is since the last financial crisis in 2008, graduate jobs have been in an all time high in 2014. It was reported that leading employers are offering around 18,753 new jobs for fresh graduates this year, which is an 11.6 per cent rise from 2013.

Moreover almost one third of the top organisations have extended the graduate schemes they offer in the last 6 months due to UK’s developing economy. Apart from this, average starting salary for new graduates has also risen by £500 and is now £29,500. But due to a 3 per cent hike in applications, 40 graduates will need to enter into a battle royal for each graduate job.

Do you think 40 graduates for one job is just too much?

Then let me refresh your memory. Last year when Costa Coffee put an online advertisement for 8 jobs at their new Nottingham branch, the café managers anticipated a good response from applicants. However, they got surprised after 1,700 applicants appeared for the interviews. Yes...1,700 job seekers applied for only 8 jobs at a café and most of them were over-qualified for the posts. This was a clear indication of how competitive the current job market actually is.

Do you now see why an average of 40 candidates is good news?

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If you ask me, I would love to compete with 39 others any given day than take on 200 other applicants, some of whom may be more qualified and experienced than me.

Although I am not really a competitive person but I simply cannot deny that competition at the workplace is a reality. And I am ready to cope with it. It might seem overwhelming to even think that there are 40 equally skilled and qualified graduates vying just to get a single job. But it’s also about being the best in your field and proving that you are determined to reach your goals. Eventually it all comes down to how ambitious you actually are.

Need for some competition....

In a sense I guess I like a little competition. But there are many others who shudder at even the mere thought of it. The problem, I believe, begins at the college level. While studying at the university we don’t really get to experience real competition. But the business world is a cut-throat competitive place which young graduates need to prepare for. You will have to compete to get the job at the interview, you will need to compete to get noticed by your manager and you will need to compete to get the next promotion.

You may get close with many of your colleagues as you will spend several hours every day with them. You may also choose to hang out with them during the weekends. But the truth is they are only your colleagues and in some cases, your competitor. So you need to be prepared for some competition if you wish you achieve success in your career.

Is competition good then? Yes.

So when you go for a job interview and you need to face 39 other graduates to get the job, you should feel that it is the best opportunity for you to get the job. Having to fight with others to get a job might not be the most ideal scenario, but it is the reality. Actually I believe it offers you the opportunity to prove yourself and builds your character. Thus you need to celebrate this opportunity instead of criticising the scenario and the system for being what it is.

What do you think?

Do you think competition at work is good news? Or do you believe that it is an unfair practice? Feel free to share your opinions, views and concerns in the comments section below.

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