Baby boomers’ retirement is good news for recent grads
Job prospects for recent post-graduate students are better than they have been in the last decade, according to REALM: Creating Work You Want magazine.
Ten years ago, Canada was in the midst of an economic recession. Many entry-level positions were eliminated or taken by more senior people. That meant that more university and college graduates – as many as ten per cent in the early 1990s – had to settle for part-time jobs.
However, times have changed and the outlook for new grads seeking full-time work is rosy. REALM: Creating Work You Want attributes the improved situation to a number of factors:
•the economy is no longer in a recession;
•the first wave of baby boomers is retiring;
•downsizing in the 1990s means that the average age of today’s workers is around 47, leaving entry-level jobs wide open for new grads; and
•employees no longer stay with a company for a decade or more. Moving on when a worker wants to move up vacates opportunities for first-time workers.
Ten years ago, Canada was in the midst of an economic recession. Many entry-level positions were eliminated or taken by more senior people. That meant that more university and college graduates – as many as ten per cent in the early 1990s – had to settle for part-time jobs.
However, times have changed and the outlook for new grads seeking full-time work is rosy. REALM: Creating Work You Want attributes the improved situation to a number of factors:
•the economy is no longer in a recession;
•the first wave of baby boomers is retiring;
•downsizing in the 1990s means that the average age of today’s workers is around 47, leaving entry-level jobs wide open for new grads; and
•employees no longer stay with a company for a decade or more. Moving on when a worker wants to move up vacates opportunities for first-time workers.
