Impact of Year 2020 on Jobseekers | Akp51v SMD
You are aware of what happened to the entire world in the year 2020. And back in July 2020, I posted this content. So, its original version is available at the end. Now, in October 2021, I would like to review those ideas.
More People Searched For Online Income Methods
Below, you would see a Google Trends Graph for the year 2020. And its geolocation is India. As you would notice, the red rectangle highlights April 2020 to August 2020 period.
Of course, this is just an example of how many individuals were struggling with personal finance. Also, the trends stay similar for other countries as well. You can set the geo as "Worldwide" and you get the graph below.
So, the prediction about the increase in the pursuit of work from home jobs stays somewhat valid. But the case about voluntary job quitting has increased in the year 2021. For clarity, you can research the Great Resignation. Because I cannot cover that concept in this article.
Original Notes from July 2020
Most people would stop chasing after a full-time job and invest their time in learning about the passive income sources, cutting all the monthly expenses, improving their credit history and credit score.
The way people were literally restricted in an area far away from the home implies that the mental preparedness for the distant jobs would have taken a hit. Most people would search Income Generating Activities near their hometown; although there will always be those who would continue to travel and to explore. The question is, what would be their Relative Percentage?
Just like how the employees will have to work at a lower compensation, the employers will have to compromise their candidate selection Standards if they lack sufficient workforce skilled for that specific industry, or conduct their own training programmes for up-skilling.
Finally, once all of the RBI relief expires by 31 December, India is going to have another huge load of NPAs. It will limit how much the lenders can lend and the banking system will be in even greater distress. Those with a high-risk Debt-to-EBIDTA ratio are less likely to survive that. ( EBIDTA means the Revenue or Income before any deductions, such as Taxes, Loan Repayments or Depreciation etc.)
Then there are businesses too big to be allowed to fail.
// I am not being Negative; in fact, I believe Self-employment will bloom. What do you think about this? Do let us know.
While the bias on both sides of the recruitment process won't disappear anytime soon, one can always choose to pause for a second and re-evaluate the career choices made earlier. Are those activities enough for leading a meaningful life? What were the dreams destroyed by our own habits? The writer welcomes you to SummaryMaster51v and hopes that you would find these articles helpful and engaging. Different styles will be adopted once in a while since our writing has to be flexible for certain practical aspects.
 |
| Manny Fortin on Unsplash |
