Employment need of the century or the graduates?

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Employment is the need of the hour.

 

After a good long, tiring break, economy has started to come in pace again. Business has started to open slowly along with the pandemic and the class of graduates is ready with their polished resumes and presentation to look for employment. But is the polished resume enough to grab a Dream-job?

The answer may surprise you. Only a polished resume won’t allow you to stand out of the crowd. Recruiters are looking for multitasked employees besides specialization in a particular task. Now a days employment has taken a turn from its usual procedures. Due to wide spread of social media companies are looking for potential candidates on social sites which also allows them to experience a wide diversity of taste within less time too. These factors are decreasing the rate of employment among less-skilled graduates. Whereas it gives a wide opportunity for the potential being.

Technology is a product of human labour. Technology has played a leading role in revolution but it has also hit hard on the labour class of the society. One of the major examples that could be sited is Artificial Intelligence. Tasks and activities related to customer care, call center operationdocument classification, support of production linesfactories, everywhere humans are replaced by machines. A.I. has proved to be very effective in handling even more complex activities like processing multiple signals.

A two-year study from McKinsey Global suggests that by 2030, intelligent agents and robots could replace as much as 30 percent of the world’s current human labor.

McKinsey reckons that, depending upon various adoption scenarios, automation will displace between 400 and 800 million jobs by 2030, requiring as many as 375 million people to switch job categories entirely.

How could such a shift not cause fear and concern? However the fact cannot be ignored that any revolution brings in a new set of opportunities maybe on different grounds altogether.

Entrepreneurship has taken the world into next level of economic development.  It is a process of making opportunity, innovation and creativity and process of leading world employment. In today’s era, the human capital has brought out an unlimited source and is essential for any development. For this reason, entrepreneurship and entrepreneurs play effective role in process of economic development and hence in employment altogether. 

 

 

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