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As more and more young people take internships, the global unemployment rate keeps increasing, does this ring a bell? It is either that more graduates are being produced each year without corresponding job creation or young people do not have the requisite skills. Whichever be the situation, this article has suggested solutions for Young People as they are more relevant. The number one solution is to enrich the training young people undergo; it should not only be targeted at positioning them for jobs that do not exist or are scarce but rather, equip them to think and come out with groundbreaking and innovative solutions.
Young graduates should also be able to explore employment opportunities elsewhere rather than in their countries. It is appropriate that interns take their destiny into their own hands and select the best programs rather than just any program. We try to use The 4G and GEM principles which are robust and solid. Its philosophy and approach are worth considering.
Young Graduates dream to land professional jobs quickly after college, they do whatever it takes to build their experiences and join internship programs irrespective of the cost. It is prudently assumed the Return on Investment outweighs the cost. Embarking on an internship program is seen as a Chet Sheet to acquire experiences that employers do look for during interviews so Internship programs have therefore been traditionally fashioned to equip young graduates with skills setting them ahead of the job market.
Several crusades have been launched by many career centers, Advisors, and other related mediums driving the message quite clear. The mantra is “Intern or forgets it”. Young people have been convinced that certificates are not enough but experience nails the right job. 80% of our participants placed over the years indicated this reason as a major driver of their decision to join our China Internship Program.
It is rather interesting to note that Internships are the only ways these same companies are willing to bring on board inexperienced labor. Most reputable organizations engage a huge number of interns annually and usually, it is unpaid. I am tempted to state here that China Internship Placements will not allow that to happen to our Interns. We believe that Interns contribute some amount of energy to the success of organizations and they must be rewarded as such. The blame should be laid on agencies and intermediaries who refuse to bargain with the host companies such that these vulnerable participants could recover at least their feeding costs while interning. The only conclusion I can draw from this is probably because it is cheaper; anyway, that’s none of our business now I will discuss this later in another blog post.
As the demand for Internship opportunities begins to grow it presents an opportunity for Businesses and Agencies to capitalize and exploit. A huge Empire of business has been developed around the Internship industry which continues to grow year after year. From Internship placement companies to online portals and recently, career centers have joined the race.
I graduated as an international Internship participant Eight (8) years ago and since then; the face of Internship Programs has remained almost the same or is slow at responding to global situations for reasons I cannot figure out. The pace of growth is increasing but the revolution has been slow. It is essential to note that the changing face of the global job market and its related issues require an eminent change in the kind of skills Young people do acquire.
If we are willing to put them ahead of the competition and engage them meaningfully, we must give them the best.
According to The Economist, a survey conducted on LinkedIn in 2014 indicated that out of 10,000 young people from Europe who took internships only 42% of students who took internships in 2014 had jobs. The multimillion questions are, what happens to the rest? What did they do wrong? One of the survey participants who went 6 months without getting a job had 3 internship experiences i.e. 2 local and another international Internship which is far better than some with only one.
Aside from unemployment becoming a threat to the rationale of getting internships and slaving for it as it is Unpaid and expensive (International Internships), Employers remain to change the rules of the game. A survey was conducted by China Internship Placements on 850 companies located in Beijing and Shanghai in November 2014 and the insights were great. We noticed that:
This is an eye-opening and confirmation of research conducted in 2010 to predict the paradigm shift of employer interests. So what’s next?
Considering our findings and the taste of employers in China, we can direct this to Young Graduates looking to establish their internship in China which CIP has already inculcated into all our programs. It is suggested that:
These are the new faces of the 21st-century internships young graduates should look for. It is precise and possible only when they plan well. There are numerous Internship Programs out there always popping up in browsers and using Adsense toll and the fact that they have all the money to put up strong marketing campaigns does not mean they are right. The internet is huge with diverse programs and information.