New Graduates Entering the Post-Covid Labour Market

Pavlović, Dejana and Vukmirović, Valentina (2021) New Graduates Entering the Post-Covid Labour Market. In: XXVII skup Trendovi razvoja "On-line nastava na univerzitetima ". Fakultet tehničkih nauka, Novi Sad, pp. 103-106. ISBN 978-86-6022-313-7

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Abstract

Corona pandemic has had an impact on both supply and demand in the labor market in Serbia. Reducing of economic activity negatively affected to the business environment, forcing companies to reorganize their management, logistics, and communication structures, as well as the qualifications of their employees. Driven by the experience of the previous economic crisis, labor costs in a large number of companies were reduced, which leading to layoffs. Organizations that have moved online have also stopped their internship programs for students and graduates. Several million graduates worldwide are facing with a frozen labor market. Moreover, employers were already dissatisfied with the education system, feeling that graduates did not provide adequate skills and competencies required in the market. There is no doubt that Generation Z members will face lower career development opportunities as well as lower earnings during their careers. The paper focuses on an overview of previous researches on the topic ' position of new graduates in the pandemic period'. By collecting the research results so far, the result of the paper is giving recommendations for further scientific researches and guidelines for decision-makers on the topic of youth employment.

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