Earn
Will grads have a job in 2021?
Soon-to-be graduates are being told to keep calm and keep applying as company intakes have not changed due to the time it takes to recruit a graduate, industry experts advise.
Will grads have a job in 2021?
Soon-to-be graduates are being told to keep calm and keep applying as company intakes have not changed due to the time it takes to recruit a graduate, industry experts advise.

In a conversation with nestegg, GradConnection national account manager Alexandra Tyrrell said the vast majority of its graduate employers are still pushing ahead with their recruitment campaigns, adapting to their processes for assessment and selection to an online or virtual process.
“We have only had the small number of employers we work with who have cancelled their programs altogether, and some who have placed all their intern and grad recruitments on hold — usually with the intent that they will go back out later in the year,” Ms Tyrrell said.
Whatever happens over the next few months - the unemployment / underemployment hit to young people will be larger and persist for longer than any other age group. Particularly devastating in this case because they are also the least susceptible to the virus @IndeedAU pic.twitter.com/abVlvoJ5s1
— Callam Pickering (@CallamPickering) April 16, 2020
In the next few months, graduates may be seeing statistics based on the recessions from the past. Keep in mind, however, that there are lessons to be learnt from the global financial crisis where companies cancelled graduate programs and were left at a disadvantage at the end — so, considering “lessons learnt”, companies should be avoiding this avenue.
GradAustralia’s co-founder, Geoff Adams, believes “employers are reluctant to switch off their brand entirely during a downturn as it takes a lot of time to regain their image in the eyes of quality candidates when the market bounces back.”
GradConnection Clinton Bolst agrees with Ms Tyrrell that companies which cut down from their graduates’ intakes for short-term cost benefits in 2008 emerged in later years with a “severe talent disadvantage” as their “emerging talent pipelines were empty”.
“They simply had no graduates coming through their development programs. Some even burnt candidates through the recruitment experience, withdrawing offers and damaging a brand in the graduate and experienced hire market,” Mr Bolst said.
Despite the potential of employment, with GradAustralia showing over 300 grad jobs and internships, potential salary for new employees could be affected by the global slowdown.
Mr Adams stated it is “too early to tell, but I imagine some drop in salary to fall in line with broader measures taken by employers to existing salaried team members”.
Bottom line: Recent graduates should not be concerned about the career prospects in the future, unless this pandemic continues into 2021. At this time, that seems unlikely — as does completely losing out on a chance to work in your chosen profession.

Salary
The financial benefits of a diversified income stream
In today’s volatile economic environment, relying solely on a single source of income can be risky. Diversifying your income streams can provide financial stability, reduce the risk of financial ...Read more

Salary
Despite losing top spot, Elon Musk rakes in $400,000 hourly
Elon Musk, the entrepreneur known for his involvement in a wide range of innovative and technological businesses, has recently been dethroned as the wealthiest individual in the world, with Bernard ...Read more

Salary
Rising unemployment and skill shortages prompt Australian businesses to look globally for talent
Australia has witnessed its unemployment rate surging above 4% for the first time in two years, revealed by the latest Labour Force data. Read more

Salary
New findings link job mobility hurdles to stagnant wage growth
Recent research from the e61 Institute has unearthed significant links between slow wage growth in Australia and obstacles to job mobility, including non-compete clauses, complicated occupational ...Read more

Salary
Employers scrambling to prevent workplace brain drain
As workplace managers face a swiftly evolving employment market that’s increasingly favouring the demands of white-collar employees and jobseekers, bosses are falling under mounting pressure to ...Read more

Salary
Unions back Albanese’s pledge to close gender pay gap
An electoral promise from Labor to make gender pay equity an objective of the Fair Work Act has been hailed as a “watershed moment” from industry peak bodies who have traditionally advocated for ...Read more

Salary
Coles asked to disprove $115m in alleged wage theft
One of Australia’s biggest supermarkets faces allegations that it underpaid more than 7,500 employees a total of $115 million. Read more

Salary
Gen Z left behind in progress to gender equality
Women under 25 may emerge from the pandemic in a worse financial position than when it began, new research has shown. Read more

Salary
The financial benefits of a diversified income stream
In today’s volatile economic environment, relying solely on a single source of income can be risky. Diversifying your income streams can provide financial stability, reduce the risk of financial ...Read more

Salary
Despite losing top spot, Elon Musk rakes in $400,000 hourly
Elon Musk, the entrepreneur known for his involvement in a wide range of innovative and technological businesses, has recently been dethroned as the wealthiest individual in the world, with Bernard ...Read more

Salary
Rising unemployment and skill shortages prompt Australian businesses to look globally for talent
Australia has witnessed its unemployment rate surging above 4% for the first time in two years, revealed by the latest Labour Force data. Read more

Salary
New findings link job mobility hurdles to stagnant wage growth
Recent research from the e61 Institute has unearthed significant links between slow wage growth in Australia and obstacles to job mobility, including non-compete clauses, complicated occupational ...Read more

Salary
Employers scrambling to prevent workplace brain drain
As workplace managers face a swiftly evolving employment market that’s increasingly favouring the demands of white-collar employees and jobseekers, bosses are falling under mounting pressure to ...Read more

Salary
Unions back Albanese’s pledge to close gender pay gap
An electoral promise from Labor to make gender pay equity an objective of the Fair Work Act has been hailed as a “watershed moment” from industry peak bodies who have traditionally advocated for ...Read more

Salary
Coles asked to disprove $115m in alleged wage theft
One of Australia’s biggest supermarkets faces allegations that it underpaid more than 7,500 employees a total of $115 million. Read more

Salary
Gen Z left behind in progress to gender equality
Women under 25 may emerge from the pandemic in a worse financial position than when it began, new research has shown. Read more