• Title/Summary/Keyword: Graduate Employability

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The Impact of COVID-19 on Bangladesh's Economy: A Focus on Graduate Employability

  • SHAHRIAR, Mohammad Shibli;ISLAM, K.M. Anwarul;ZAYED, Nurul Mohammad;HASAN, K.B.M. Rajibul;RAISA, Tahsin Sharmila
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.3
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    • pp.1395-1403
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    • 2021
  • The COVID-19 pandemic is having an adverse impact on Bangladesh's economy by affecting millions of people's life and hampering their income sources. The outbreak of COVID-19 has created more pressure on the labor market. The pandemic reduces employment opportunities as most of the companies have stopped their recruitment process to cut their operational costs, which increases the rate of graduate unemployment in Bangladesh. Hence, this study aims to investigate the impact of COVID-19 on graduate employability in Bangladesh that adversely affects the income of families and eventually the nation's economy. A literature review has been conducted from secondary sources to evaluate the impact, which shows that the rate of graduate unemployment increased from 47% to 58% in 2020 with an expected annual loss estimated at $53 million. Findings also reveal that the prime reasons for graduate employability are low demand and huge supply of graduates in the labor market, lack of professional skills of graduates, ineffective education system, etc. The study suggests that the government of Bangladesh should develop some policies to overcome this problem such as ensuring employment subsidies, implementing skills development programs, improving labor market flexibility, initiating credit programs for generating employment, and developing entrepreneurial ecosystems in Bangladesh.

Applying Stochastic Fractal Search Algorithm (SFSA) in Ranking the Determinants of Undergraduates Employability: Evidence from Vietnam

  • DINH, Hien Thi Thu;CHU, Ngoc Nguyen Mong;TRAN, Van Hong;NGUYEN, Du Van;NGUYEN, Quyen Le Hoang Thuy To
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.12
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    • pp.583-591
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    • 2020
  • Employability has recently become the first target of the national higher education. Its model has been updated to catch the new trend of Industry 4.0. This paper aims at analyzing and ranking the determinants of undergraduate employability, focusing on business and economics majors in Ho Chi Minh City, Vietnam. In-depth interviews with content analysis have been primarily conducted to reach an agreement on a key group of factors: human capital, social capital, and identity. The Stochastic Fractal Search Algorithm (SFSA) is then applied to rank the sub-factors. Human capital is composed of three major elements: attitude, skill, and knowledge. Social capital is approached at both structural and cognitive aspects with three typical types: bonding, bridging, and linking. The analysis has confirmed the change of priority in employability determinants. Human capital is still a driver but the priority of attitude has been confirmed in the contemporary context. Then, social capital with the important order of linking, bridging, and bonding is emphasized. Skill, knowledge, and identity share the least weight in the model. It is noted that identity is newly proposed in the model but a certain role has been found. The findings are crucial for education strategies to enhance university graduate employability.

Approaches to Enhance Older Adults' Employability through Vocational Training (고령자의 고용가능성 제고를 위한 직업훈련 참여 강화 방안)

  • Hanna Moon;Sung-pyo Hong;Seonae Kang
    • Journal of Practical Engineering Education
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    • v.16 no.2
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    • pp.203-214
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    • 2024
  • The purpose of this study was to identify the factors influencing vocational training participation among individuals aged 65 and older in order to enhance their employability. According to the research findings, the educational background and economic activity status of the elderly significantly impact their participation in vocational training. It was confirmed that economic activity and vocational training are closely related to the capacity development and increased employability of the elderly. Moreover, a considerable number of elderly individuals express a continued desire to work, and this group tends to participate more in vocational training. This underscores the importance of promoting vocational training among the elderly and developing suitable models, which holds significant policy implications. Logistic regression analysis revealed that gender, education, economic activity, desire to work, and pension income affect participation in vocational training. This highlights the necessity of formulating specific strategies in government support policies, particularly for those with lower educational backgrounds. Additionally, the study emphasizes the importance of approaches that encourage vocational training participation, especially among those with lower pension income.

The Effects of Entrepreneurship on Employability of the College Student -Focusing on the Moderating Effects of Gender- (대학생의 기업가정신이 취업가능성에 미치는 영향 -성별의 조절효과를 중심으로-)

  • Baek, Yu-Mi
    • Journal of Convergence for Information Technology
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    • v.8 no.2
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    • pp.113-120
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    • 2018
  • The purpose of this study is to examine if entrepreneurship that can influence entrepreneurial intention affects job-getting possibility. Particularly, this author has questingly investigated if the entrepreneurship of undergraduates who are supposed to get a job influences job-getting possibility and if sex has regulating effects on job-getting possibility. According to the results, first, undergraduates' entrepreneurship influences job-getting possibility. Second, according to sex, there is difference found in the effects of entrepreneurship on job-seeking skills and job-getting possibility. In other words, sex has significant regulating effects on job-seeking skills and job-getting possibility. Third, according to the results of comparing the mean values of two groups, upper and lower groups of entrepreneurship, regarding their job-getting possibility(work ethic, occupational exploration, & job-seeking skills) in accordance with moderating variables, female undergraduates gained significantly higher mean values than male undergraduates. Based on the results, this author suggests implications and presents proposals for follow-up research.

Graduates' Progression Tracking System

  • Amjad Althubiti;Razan Alharthi;Rneem Alqarni;Haya Alharthi;Fawziah Alzahrani;Shahad Alotaibi;Mona Al-Qahtaniy;Mrim Alnfiai
    • International Journal of Computer Science & Network Security
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    • v.24 no.6
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    • pp.119-130
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    • 2024
  • Universities are open systems that aim to prepare students to meet academic and industrial programs' expectations. It is important for universities to recognize these expectations and to make sure that they are achievable. To do so, graduates' progression tracking system is an essential tool for universities' development to ensure graduate students meet the market requirements. The purpose of this paper is to create automatic tracing system that captures information about students after graduation and creates annual report that represents the status of university students in term of employment or completing their study. It mainly assists graduates to find appropriate jobs that meet their desires or enabling them to complete their higher education by providing all these opportunities in one platform. The system main objective is to improve communication between graduate students, the university and companies. It also aims to identify the difficulties associated with graduate employability and changes are required to serve current students in term of creating new programs or activities. This helps universities to identify and address the existing curriculums and program's strengths and weaknesses and their adequacy, quality and competencies of a graduate in the labor market, which enhances the quality of higher education. we analyzed and implemented the tracing system using PHP language, which speeds up custom web application development and MySQL database, which guarantee data security, high performance, and other features. Graduate students found the proposed system usable and valuable.

Job Competency Development Policy in the Era of the 4th Industrial Revolution (4차 산업혁명시대의 직업능력개발정책 - 이행노동시장 모형을 중심으로 -)

  • Yoo, Kil-sang
    • Journal of Practical Engineering Education
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    • v.9 no.2
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    • pp.167-174
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    • 2017
  • The purpose of this paper is to review the effects of the $4^{th}$ Industrial Revolution on job competency development by the Transitional Labor Market(TLM) model, and suggest job competency development policiy in the rea of the $4^{th}$ Industrial Revolution. The $4^{th}$ Industrial Revolution will create new jobs, destroy many current jobs, and will fundamentally change employment pattern, contents of jobs and ways of works. In these circumstances, we will confront more risks in each stage of labor market transition. To minimize the risks of TLM, we should reform education and develop life time career and job competency. We have to train high level talented persons to lead the $4^{th}$ Industrial Revolution. We have to retrain employed people to adjust new technology and to enhance employability and adaptability. We have to train vulnerable groups so that they may adjust new circumstance. Government should develop life time job competency development open platform.

The Effects of Entrepreneurship, Reward Satisfaction, Continuous Learning, and Employability on the Will to Start a Business: Focusing on the Mediating Effects of Innovative Behavior (재직자의 기업가적 지향성, 보상만족, 지속학습, 고용가능성이 창업의지에 미치는 영향: 혁신행동 매개효과 중심으로)

  • Lim, Jae Sung;Yang, Dong Woo
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.17 no.1
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    • pp.89-106
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    • 2022
  • Recently, in Korea, the number of unemployed people who have lost their jobs involuntarily due to closure of workplaces, layoffs, and poor management stood at 788,000 in October 21, an increase of 44,000 from last August (Statistics Office, 2021). The average retiring age of workers is 49.7, so regardless of their intention, they often end up retiring early unavoidably. Meanwhile, it has been found that eight out of ten workers have startup intention; therefore, now their startup is regarded to be essential, not selective. The purpose of this study is to investigate if workers' entrepreneurial orientation, continuous learning, satisfaction with remuneration, and employment prospect are correlated with entrepreneurial intention and examine if innovative behavior mediates the relations. To sum up the results, first, innovativeness and risk sensitivity in entrepreneurship are found to have positive effects on workers' entrepreneurial intention. Restless challenges and innovative thinking at work are crucial variables to enhance entrepreneurial intention. Second, satisfaction with remuneration influences entrepreneurial intention positive effects, and continuous learning and employment prospect, too, have positive effects on entrepreneurial intention. As employment instability is increasing at work due to the rapidly changing corporate environment, Considering whether the current organization will strive for survival or prepare to start a business for sustainable economic activity, it is judged that there is a willingness to start a business for better compensation even if the satisfaction of compensation is high. In addition, it was confirmed that the possibility of employability with the career desired by the organization as well as the securing of practical competency and expertise through continuous learning are important variables in increasing the will to start a business. Third, relations between entrepreneurial orientation, satisfaction with remuneration, continuous learning, employment prospect, and entrepreneurial intention are found to be mediated by innovative behavior; however, its mediative effect in relations between innovativeness, risk sensitivity, and entrepreneurial intention in entrepreneurship is dismissed. Innovative behavior at work are found to be major variables to elevate entrepreneurial intention in relations between continuous learning, employment prospect, and satisfaction with remuneration.

A Study on the Difference of Career Barriers, Career Attitude Maturity, and Career Competencies based on Gender, Grade, and Fields of Major of Undergraduate students in the age of Convergence (융·복합 시대에 대학생 배경변인별 진로장벽, 진로태도성숙, 진로직업역량 차이분석)

  • Park, Sung-Hee;Ahn, Jae-Hee
    • Journal of Digital Convergence
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    • v.14 no.8
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    • pp.69-80
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    • 2016
  • The purpose of this study is to analyze the difference of career barriers, career attitude maturity, and career competency based on gender, grade, and major fields of university students. 320 students responded the survey and the data were analyzed through MANOVA. There were significant differences in a sub-components of career barriers and career attitude maturity according to gender. Female students were higher in 'lack of self-clarity' and 'interpersonal difficulty' while male students were higher in the 'independency'. Lastly, there were significant differences in sub-components of career competencies according to gender, grades, and fields of majors. Female students were higher in 'career exploration'. Also, sophomore students showed the lowest scores and senior year students showed highest scores in 'career exploration' and 'career performance'. Students in the field of the social science showed highest scores in the 'career design' and 'career performance'. Suggestions and ideas to develop employability of students were discussed.

The Possibility and Occupational Characteristics that Humanities College Graduates are Employed in a Science and Engineering Field Occupations (인문계 대졸자의 이공계 직업 취업 가능성 및 관련 직업 특성 탐색)

  • Jang, Hyun-jin
    • Journal of vocational education research
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    • v.37 no.2
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    • pp.77-99
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    • 2018
  • The purpose of this study was to investigate the employment possibility of the humanities college graduates to science and engineering field occupations, and to identify the occupational characteristics related to employability perceived by workers. To do this, basic statistical analysis, correlation analysis, and hierarchical multiple regression analysis were conducted using the data surveyed on 2,600 workers in the science and engineering field in the 'Research on Korean Occupational Index for Career and Employment Service(2017)'. The main results are as follows. First, the employment possibility of the humanities college graduates to science and engineering field was low, except for some occupations in the information communication, manufacturing and processing fields. Second, the occupational characteristics affecting the employment possibilities of the humanities college graduates to science and engineering field are as follows: low importance of the final education, low importance of the major, low importance of qualification, high importance of vocational training, easy to return after the career break, high level of gender equality, high level of pleasant work environment, high employment retention, easy to self-employment or start-up, and increasing number of jobs. Based on the results of this study, to support employment of humanities college graduate from the occupational aspect, it is necessary to find out some detailed jobs or to develop convergence occupations. At this time, it is possible to utilize the occupational characteristics factors that increase the employment possibility of humanities college graduates to science and engineering occupations.

A Meta-analysis of the Effect of Work Engagement on Turnover Intention in Korean Organizations (조직 내 업무몰입이 이직의도에 미치는 효과에 대한 메타분석 연구)

  • Kang, Wonseok;Kim, Woocheol;Jo, Hyunjeong
    • Journal of Practical Engineering Education
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    • v.14 no.1
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    • pp.149-163
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    • 2022
  • The rapid changes in the environment surrounding today's companies require continuous securing and retention of excellent human resources to maintain competitiveness. Therefore, research on work engagement (WE) and turnover intention (TI) was actively conducted as a representative factor necessary to secure the organizational competitive advantage and promote continuous growth. This is because the high performer has relatively high capabilities and high employability according to market demand, so securing and maintaining them is a very important issue from the perspective of corporate management. Research on the relationship between WE and TI have been conducted in various fields so far, but the results have been derived differently for each study. This means that there may be differences depending on the characteristics of the domestic context. However, studies that analyzed the relationship from a comprehensive and overall perspective are very rare, and the need for research is raised. Therefore, this study attempted to statistically analyze the relationship between variables and present research directions by synthesizing the results of existing studies. Through the analysis of previous studies, a meta-analysis was conducted on the effect of WE on TI within the organization in the domestic context to analyze the effect, and academic and practical implications were derived based on this.