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The “Covid Generation” in the face of a feverish labor market

In May, 70% of companies claimed to partially or totally freeze recruitments of young people, according to a study by Jobteaser. Nothing to cheer up the approximately 750,000 graduates of the 2020 class. According to the same survey, 40% of young graduates declared themselves worried about their professional prospects. A concern confirmed by the” 68% increase in the number of young graduates registered with Pôle emploi between February and July 2020. Generation “Sacrificed” ?

At the end of August, the sound of the bell is hardly more optimistic. A survey by the recruitment firm Walters People France, conducted this summer and published on August 27, revealed that only 27% of young graduates found a job before the end of their training (-8 points compared to 2019). And if 67% say they are optimistic about professional opportunities in their field for the coming year, this is less than in 2019 when 85% showed their confidence.

Opportunities

In the longer term, 61% of young graduates even think that there will be many, if not very many, opportunities in the coming months. One of the reasons which undoubtedly push some graduates (44% of the polled) to postpone their entry in the working life. Several schools have, for example, extended their internship agreements until December.

This optimism is more nuanced with regard to remuneration since only 25% of professionals with less than three years of experience anticipate an increase in their salary while 21% of young workers expect a decrease in their remuneration.

Entrance position

Experts agree that there is a gap between the concerns of young graduates and the real situation on their employment front. Sectors are obviously more affected than others such as culture, communication or marketing functions, victims of bans and / or budget cuts. Young people are entering the labor market and are subject to both the cyclical effects of shrinking jobs in times of crisis and structural changes in the labor market », Observes Florence Lefresne, director of the Center for studies and research on qualifications (Cereq), for which the most qualified will be especially still affected in terms of salaries and career progression.

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