employment
Powell: Fed’s inflation fight could bring ‘pain,’ job losses
Federal Reserve Chair Jerome Powell delivered a stark warning Friday about the Fed’s determination to fight inflation with more sharp interest rate hikes: It will likely cause pain for Americans in the form of a weaker economy and job losses.
The message landed with a thud on Wall Street, sending the Dow Jones Industrial Average down more than 1,000 points for the day.
“These are the unfortunate costs of reducing inflation,” Powell said in a high-profile speech at the Fed’s annual economic symposium in Jackson Hole. “But a failure to restore price stability would mean far greater pain.”
Investors had been hoping for a signal from Powell that the Fed might soon moderate its rate increases later this year if inflation were to show further signs of easing. But the Fed chair indicated that that time may not be near, and stocks tumbled in response.
Runaway price increases have soured most Americans on the economy, even as the unemployment rate has fallen to a half-century low of 3.5%. It has also created political risks for President Joe Biden and congressional Democrats in this fall’s elections, with Republicans denouncing Biden’s $1.9 trillion financial support package, approved last year, as having fueled inflation.
The Dow Jones average finished down 3% on Friday, its worst day in three months. The tech-heavy Nasdaq composite shed nearly 4%. Shorter-term Treasury yields climbed as traders built up bets for the Fed to stay aggressive with rates.
Some on Wall Street expect the economy to fall into recession later this year or early next year, after which they expect the Fed to reverse itself and reduce rates.
A number of Fed officials, though, have pushed back against that notion. Powell’s remarks suggested that the Fed is aiming to raise its benchmark rate — to about 3.75% to 4% by next year — yet not so high as to tank the economy, in hopes of slowing growth long enough to conquer high inflation.
“The idea they are trying to hammer into the market’s head is that their approach makes a rapid pivot to (rate cuts) unlikely,” said Eric Winograd, an economist at asset manager AllianceBernstein. “They are going to stay tight even when it hurts.”
After raising its key short-term rate by a steep three-quarters of a point at each of its past two meetings — part of the Fed’s fastest series of hikes since the early 1980s — Powell said the Fed might ease up on that pace “at some point,” suggesting that any such slowing isn’t near.
Powell said the size of the Fed’s rate increase at its next meeting in late September — whether one-half or three-quarters of a percentage point — will depend on inflation and jobs data. An increase of either size, though, would exceed the Fed’s traditional quarter-point hike, a reflection of how severe inflation has become.
Read: US inflation will likely stay high even as gas prices fall
The Fed chair said that while lower inflation readings that have been reported for July have been “welcome,” he added that, “a single month’s improvement falls far short of what (Fed policymakers) will need to see before we are confident that inflation is moving down.”
On Friday, an inflation gauge that is closely monitored by the Fed showed that prices actually declined 0.1% from June to July. Though prices did jump 6.3% in July from 12 months earlier, that was down from a 6.8% year-over-year jump in June, which had been the highest since 1982. The drop largely reflected lower gas prices.
In his speech Friday, Powell noted that the history of high inflation in the 1970s, when the central bank sought to counter high prices with only intermittent rate hikes, shows that the Fed must stay focused.
“The historical record cautions strongly against prematurely” lowering interest rates, he said. “We must keep at it until the job is done.”
What particularly worries Powell and other Fed officials is the prospect that inflation would become entrenched, leading consumers and businesses to change their behavior in ways that would perpetuate higher prices. If, for example, workers began demanding higher pay to match higher inflation, many employers would then pass on those higher labor costs to consumers in the form of higher prices.
Many analysts speculate that Fed officials want to see roughly six months or so of lower monthly inflation readings, similar to July’s, before stopping their rate hikes.
Powell’s speech was the marquee event of the the Fed’s annual economic symposium at Jackson Hole, the first time the conference of central bankers is being held in person since 2019, after it went virtual for two years during the COVID-19 pandemic.
Since March, the Fed has implemented its fastest pace of rate increases in decades to try to curb inflation, which has punished households with soaring costs for food, gas, rent and other necessities. The central bank has lifted its benchmark rate by 2 full percentage points in just four meetings, to a range of 2.25% to 2.5%.
Those hikes have led to higher costs for mortgages, car loans and other consumer and business borrowing. Home sales have been plunging since the Fed first signaled it would raise borrowing costs.
In June, the Fed’s policymakers signaled that they expected their key rate to end 2022 in a range of 3.25% to 3.5% and then to rise further next year to between 3.75% and 4%. If rates reached their projected level at the end of this year, they would be at the highest point since 2008.
Powell is betting that he can engineer a high-risk outcome: Slow the economy enough to ease inflation pressures yet not so much as to trigger a recession.
His task has been complicated by the economy’s cloudy picture: On Thursday, the government said the economy shrank at a 0.6% annual rate in the April-June period, the second straight quarter of contraction. Yet employers are still hiring rapidly, and the number of people seeking unemployment aid, a measure of layoffs, remains relatively low.
At its meeting in July, Fed policymakers expressed two competing concerns that highlighted their delicate task.
Read: US inflation jumped 7.5% in the past year, a 40-year high
According to minutes from that meeting, the officials — who aren’t identified by name — have prioritized their inflation fight. Still, some officials said there was a risk that the Fed would raise borrowing costs more than necessary, risking a recession. If inflation were to fall closer to the Fed’s 2% target and the economy weakened further, those diverging views could become hard to reconcile.
At last year’s Jackson Hole symposium, Powell listed five reasons why he thought inflation would be “transitory.” Yet instead it has persisted, and many economists have noted that those remarks haven’t aged well.
Powell indirectly acknowledged that history at the outset of his remarks Friday, when he said that, “at past Jackson Hole conferences, I have discussed broad topics such as the ever-changing structure of the economy and the challenges of conducting monetary policy.”
“Today,” he said, “my remarks will be shorter, my focus narrower and my message more direct.”
Dhaka School of Economics works to create youth entrepreneurship, employment: Kholiquzzaman
Prominent economist Qazi Kholiquzzaman Ahmad said youth have to lead the fourth industrial revolution in the country, through creating entrepreneurship and employment.
The youths have the ability of taking risk for investment as well as entrepreneurship creation, they will be job providers rather than job seekers in the next decade, he said.
Kholiquzzaman said this while speaking as the chief guest at prize awarding ceremony of indoor games competition among Dhaka University affiliated colleges on Saturday.
The entrepreneurship economics club of Dhaka School of Economics organized the event.
Sports editor of news24 television Dilu Khondkar, former national football team player Abdul Gaffar, former cricketer of national cricket team Sanowar Hossain were joined the function as guest of honors.
Khalikuzzaman said that the activities of the Entrepreneurial Economics Department will play a major role in the country's economy in the coming days.
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He also expressed hope that the Department of Entrepreneurial Economy will play an effective role in eliminating the disparity between the rich and the poor.
Professor Dr Mohammad Mahboob Ali, coordinator of entrepreneurship economics of Dhaka School of economics, presided over the function.
He said the department of entrepreneurial economics is working to create an entrepreneurship movement among the youth population of the country.
Rehana Parvin and Sara Tasneem, assistant professor of Dhaka School of Economics among others, were present at the prize awarding ceremony of the winner of indoor game.
Around 3 in 4 youth lack skills needed for employment, new report says
Nearly three quarters of young people aged 15 to 24 in 92 countries with available data are off-track to acquire the skills needed for employment, according to a new report published by the Education Commission and UNICEF on Thursday ahead of World Youth Skills Day.
Recovering learning: Are children and youth on track in skills development? features analyses on skills development in early childhood, and among children of primary school age and youth.
The data highlight low levels of skills among children and young people across all age groups, with young people in low-income countries the least likely to have the skills required to thrive, particularly in future employment opportunities, decent work, and entrepreneurship.
Also read: Basic Software Skills for Freshers to Get Hired Easily
“An inspired, skilled generation of children and young people is critical for prosperity, progression, and the success of societies and economies. Yet, the majority of children and young people across the world have been failed by their education systems, leaving them uneducated, uninspired, and unskilled – the perfect storm for unproductivity,” said UNICEF Director of Education Robert Jenkins.
“Investment in cost-effective, proven solutions to fast-track learning and skills development for today’s generation and future generations is urgently needed to address this crisis.”
With high rates of out-of-school young people and low attainment of secondary-level skills, countries worldwide are facing a skills crisis, with the majority of youth unprepared to take part in today’s workforce, the report notes.
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Deep disparities across countries and among those from the poorest communities are increasing inequalities.
In at least 1 in 3 low-income countries with available data, more than 85 percent of young people are off-track in the secondary-level, digital, and job-specific skills attainment, the report notes.
"To give young people the best chance to succeed and recover learning losses due to the pandemic, we need to support them holistically. But we can't recover what we don't measure. We need to know where children and youth are in building the range of skills they need and monitor their progress," said Education Commission Executive Director Liesbet Steer.
Read Bangladesh urges Japan to recruit skilled IT professionals
"That's why the Education Commission, UNICEF, and partners have been working to address critical data gaps, including the launch of the World Skills Clock to help track progress on and raise awareness around youth skills attainment around the world so we can target urgent action to prepare this generation to thrive in the future."
Data from 77 countries show that less than three-quarters of children aged between 3 and 5 years old are developmentally on track in at least three out of the four domains of literacy-numeracy, physical, social-emotional, and learning.
At approximately 10 years old, the majority of children in low- and middle-income countries are unable to read and understand a simple text.
Read HSBC, IBA award young talents of Bangladesh with future skills
These foundational skills are the building blocks for further learning and skills development, the report notes.
Basic literacy and numeracy; transferable skills including life skills and socioemotional skills; digital skills, which allow individuals to use and understand technology; job-specific skills, which support the transition into the workforce; and entrepreneurial skills are essential for children to thrive.
These skills are also critical for the development of societies and economies.
UNICEF and the Education Commission are urging governments to reach every child with quality education and break down the barriers that put them at risk of dropping out; assess children’s learning levels and provide tailored catch-up classes to bring them up to speed; prioritize foundational skills to build a strong base for lifelong learning; and support psychosocial health and well-being by providing holistic support.
Also read: HSBC, IBA award young talents of Bangladesh with future skills
The report outlines the need for more extensive data on the skills gap among children and young people across all age groups.
Youth with disabilities deprived of learning, employment scopes: Study
The country’s youths with disabilities are being deprived of learning and employment opportunities in the country, said a study conducted by Sightsavers & BRAC University.
It also said such young people are also facing multifaceted challenges in terms of equal livelihood.
“They’re often also deprived of their rights as per the Disability Act 2013,” said the study report released on Thursday at a programme jointly hosted by Sightsavers and BRAC James P. Grant School of Public Health.
The study project, “British Academy Youth Futures Research”, captured the experiences of young people with disabilities living in urban and rural settings in Bangladesh, said a press release.
Also read: Chevron partners with Save the Children to launch integrated support for children with disabilities
The research was conducted, led by a group of young peer researchers who have disabilities. They will be trained and supported to shape national policy on disability inclusion.
State Minister for Social Welfare, Ashraf Ali Khan Khasru attended the programme as the chief guest. Dr Mrittika Barua and Sayema Akter from BRAC James P Grant School of Public Health of BRAC University presented the key findings of the research.
Neuro-Developmental Disability Protection Trustee Board chairman Prof Dr Golam Rabbani and Sightsavers Bangladesh Country Director Amrita Rejina Rozario also spoke at the programme with Dr Malabika Sarker from BRAC James P Grant School of Public Health in the chair.
The research tried to understand the experiences, aspirations, and challenges of youths with disability in their livelihood in Bangladesh and, to explore the inclusion of young people with disabilities into policy dialogues.
The key objective of the study was to enhance the advocacy capacity of the youth with disabilities (peer researchers) so that they can advocate with the government and relevant stakeholders for their own rights.
Speaking at the programme, State Minister Ashraf Ali said research is an important component of societal development. “There’s no alternative to research for development.”
He praised the research as it helped understand the aspirations of youth with disabilities in relation to livelihoods and determine barriers to realising those aspirations.
Amrita Rejina said, “By employing young researchers with disabilities, we got an authentic insight, and the research has also empowered them to help shape and contribute to the policy decisions that affect their lives."
Also read: Lack of reliable data affects policies on people with disabilities: speakers
She said Sightsavers is committed to advancing the rights of persons with disabilities through research and other development initiatives.
Amrita said the study followed the method of Community-Based Participatory Research (CBPR) and employed young people with disabilities from Sirajganj, Gazipur and Narsingdi districts as peer-researchers who worked alongside local and international researchers to gather and analyse data for the study.
Malaysian govt wants to cut out third parties in foreign recruitment
The Malaysian government has advised the employers not to make any payment through intermediaries or third parties for the purpose of speeding up the application process as its Cabinet recently approved the entry of foreign workers for all employment sectors.
"This is to prevent fraud by irresponsible parties," said Malaysian Minister for Human Resources M. Saravanan in a media statement on recruitment and employment of foreign workers.
Read: Overseas employment turns the corner after Covid-induced slump
The Malaysian Minister also reminded employers who want to employ foreign workers to submit their own applications and based on the actual needs for foreign workers.
Employers who use the services of private employment agencies must also ensure that the agency is registered and has a license certified by the Department of Manpower Peninsular Malaysia under the Private Employment Agencies Act 1981, according to the statement.
The entry of foreign workers for all employment sectors was approved by the Malaysian Cabinet meeting on December 10, last year.
This entry will be opened to all sectors allowed for the employment of foreign workers namely agriculture, manufacturing, services, mining and quarrying, construction and domestic servants.
Previously, approval was given for the entry of 32,000 foreign workers for the plantation sector with special exemptions.
Read:What actually drives Bangladeshi patients overseas for treatment?
All these admissions must comply with the Standing Operating Procedure (SOP) for the admission of foreign workers which was approved by the COVID-19 Ministerial Quartet Meeting on 14 December 2021, according to the media statement.
This SOP includes four phases namely pre-release, on arrival, post-arrival i.e. quarantine and post-quarantine period.
Accordingly, the Minister will make an announcement in the near future on the date of applications that can be submitted by employers online for the process of hiring foreign workers for each sector of employment allowed from the Source Country.
Job Circular in IPDC Finance Limited
IPDC Finance Limited Posted a job Circular. IPDC Finance Limited will recruit in the following position. IPDC (previously known as "Industrial Promotion and Development Company of Bangladesh Limited") is the first private sector financial institution of the country established in 1981 by a distinguished group of shareholders namely International Finance Corporation (IFC), USA, German Investment and Development Company (DEG), Germany,
Position: Executive/ Senior Executive - Branch Mortgage Operations
Vacancy: Not specific
Job Context
This position is responsible for Loan documentation and disbursement.
Read Primary Teacher Recruitment: 23 instructions for candidates for the post of primary assistant teacher
Job Responsibilities
Ensure Zero Revenue leakage and optimum customer service.
Ensure completeness of the security.
Accomplish within time and error free delivery to the management-Encasement documents preparation.
Daily Transaction in System: Deposit installment, Home Loan, Affordable Home Loan, Medium Market Enterprise Processing fee, Overdue Due, Equal Monthly Installment; Ensure documentation fee entries in system; Ensure Property Service cost entries in system.
Maintain zero level error of Branch Operations, Affordable Home Loan and Home Loan documentation and disbursement with Zero level Audit - Branch operational activities, Affordable Home Loan and Home loan documentation and disbursement in full compliance with the internal standards and external regulatory requirements.
Ensure service delivery as per commitment- Ensure timely and accurate delivery of services to the internal stake holders for all retail loans, Medium Market Enterprise loans & Supply Chain Financing.
Staff Conveyance bill - Adjustment and Transaction Entry
Responsibility of Vault.
Maintenance of branch related registers.
Any other related works assigned by the Management as like; BAMLCO.
Read Railway Job Circular: Application for the post of Railway Booking Assistant has started, post 153
Employment Status: Full-time
Educational Requirements
Minimum Graduate in any discipline from a reputed university
Experience Requirements
At least 2 year(s)
The applicants should have experience in the following business area(s):Banks, Leasing
Job Location: Chattogram
Salary: Negotiable
Compensation & Other Benefits
Medical allowance, Performance bonus, Provident fund, Weekly 2 holidays, Insurance, Gratuity
Salary Review: Yearly
Festival Bonus: 2
As per company policy
If you are interested, send your CV to [email protected]
Also Read:Jobs in Bangladesh Police: Recruitment of 3000 People
Application Deadline: 13 Oct 2021
Job Source: Bdjobs.com Online Job Posting.
Job Circular in a Reputed Online News Portal
We are looking for experienced, well skills, Senior Digital Marketing Executive to assist in the planning, execution and optimization of our online marketing efforts. The promotion of products and operating an online news portal through digital channels is a complex procedure with great potential which becomes increasingly useful for companies such as ours.
The ideal candidate will have a passion for all things marketing and technology.
Job Position: Digital Marketing Specialist
Job Responsibilities
Executes all web, SEO/SEM, social media, and display advertising campaigns.
Designs, builds, and maintains Companies social media presence.
Brainstorms new and creative growth strategies through digital marketing.
Collaborates with internal teams and maintaining good communication
Have to do work on time and able to meet the deadline
Able to increase revenue by company products and others sources
Able to directly work with a manager and able to complete on time given assignments
Must be able to do individually Off/On Page SEO, A/B Test, Backlink, BR, CTA, Hub spot , Affinities
Able to increase subscribers on company`s youtube, increase the followers on SM
Expertise on Books, Arts etc marketing on digital platforms.
Able to perform on SS
Expertise and practical knowledge on Google Search Console
Promote company’s products in the digital space.
Measure performance of digital marketing efforts using a variety of Web analytics tools (Google Analytics, etc.)
Develop strategies that drive audience to the website
Coordinate closely with relevant teams (i.e. sales, product, and technical) to plan and execute effective campaigns.
Operating all social media presence across all digital channels
Brainstorm new and creative growth strategies
Able to execute the plans to sale products like books, arts work and work together with online News portal
Analyze digital data to draw key recommendations around website optimization
Expertise and Practically implement of SEO, and Google all technical activities
Idea Generating of producing visual content
Conduct web audits individually to ensure best practices are being used
Achieve audience engagement, website traffic, and revenue by exploiting all digital marketing aspects of social media marketing roadmap.
Conduction routine tasks assigned by the management and providing feedback to the management as per company requirement.
Requirements
Must be certified in different skills of digital marketing with practical technical issues
Proven experience as Digital Marketer role
Able to play the role of a team members
Excellent understanding of digital marketing concepts and best practices
Experience with B2C social media, SEO/SEM
Perfect knowledge of web analytics tools (e.g. Google Analytics, Web technical issues etc )
Skills and experience in creative content writing
Analytical mindset and critical thinking
Excellent communication and interpersonal skills
Full understanding of all social media platforms
Problem solving skills
Knowledge of content management systems
Experience and practical works:
At least 6-10 years’ experience of practical works in digital marketing
Education:
At least BBA in Marketing and must be fluent in English
Employment Status: Full-time
Workplace: Work at office
Job Location: Dhaka
Salary: Negotiable
Application Deadline: 23 September, 2021
If you meet the above all , then send your CV to [email protected]
Also Read:Job Circular in Power Development Board (PDB)
One-third of female employed youths jobless as impact of Covid-19: BRAC
More women lost jobs, had a harder time finding another job, and had a much slower income recovery amid Covid-19 in Bangladesh.
A third of the young women employed before the pandemic in the country were out of jobs in January 2021.
Read: Create more overseas jobs for female workers: Speakers
The rate is almost three times higher in women (29%) than that of young men (11%).
The female youths who again found a job later, income recovery has dropped only 10% for male youths while it is 21% for female youths in January 2021.
The data mentioned above was presented by Dr Imran Matin, executive director of BRAC Institute of Governance and Development (BIGD), in a webinar organised on Sunday.
Respondents in the study pointed out that private tutoring, handicrafts, factory jobs, tailoring and light engineering are among the areas in which more young women used to find employment conventionally, but again these are among the hardest hit economic areas in the pandemic.
Read: Ensure more jobs for women to achieve desired prosperity
The respondents also think that recovery of these particular areas will be tough and take time even when the pandemic is over, making it difficult for female youths to come back to paid employment.
The BRAC Institute of Governance and Development (BIGD) and BRAC’s skills development programme (SDP) hosted the webinar titled ‘Building a resilient ecosystem for women in the skills sector: challenges and prospects’ to celebrate World Youth Skills Day (July 15).
Highlighting the survey findings, Dr Matin said so many working women remaining out of paid work for such a long period may cause many to permanently leave the job market, which may further reduce the already low rate of women’s labour market participation.
Covid shock may threaten to undo much of the progress made around women’s empowerment unless corrective measures are taken, he said.
Speaking at the webinar, speakers emphasised on greater awareness on the importance of technical and vocational education, and training and development of other skills relevant to both local and global economies.
BIGD in collaboration with SDP has conducted a number of studies identifying the sustained beneficial impact of skills training on women’s economic independence.
Speaking on the possible interventions, a panel of development professionals shared their insights, highlighted the importance of adopting proper implementation strategies, and stressed that the evidence-based findings from different relevant studies need to be taken into view in building a resilient ecosystem for women in the area of skills development.
Joydeep Sinha Roy, head of operations of BRAC SDP, presented findings from SDP’s implementation experiences over the years at the event.
The presentation pointed out that culture and traditional gender roles, gender stereotyping, lack of career guidance, safety concerns particularly fear of gender-based violence and sexual harassment, family responsibilities, and availability of quality apprenticeship occupations are the major barriers for adolescent girls’ and young women’s access to skills learning.
To bring change in the sector, Joydeep presented SDP’s incremental approaches - enterprise development training, entrepreneurship training, employability training, classroom training and apprenticeship training.
The presentation recommended more awareness about skills training both at the individual and household level, access to the labour market through skills training, raising awareness to change perception towards women, enabling a women-friendly environment in the labour market, and access to jobs and retention to improve the scenario.
Following the presentation, Tasmiah Tabassum Rahman, current in-charge of BRAC Skills Development Programme moderated a discussion also attended by BRAC’s Gender, Justice and Diversity Programme director Nobonita Chowdhury, International Labour Organization’s programme officer (M&E) for Skills 21 Project Tahmid Arif, and Natore-based Neda Society’s executive director Jahanara Beauty.
BRAC’s Gender, Justice and Diversity Programme director Nobonita Chowdhury emphasised bringing change in designing proper interventions.
“Instead of designing interventions separately, we need to focus on making integrated interventions in line with mainstreaming women empowerment in different sectors.”
ILO programme officer (M&E) for Skills 21 Project Tahmid Arif said, “Changing mindset is crucial not only for skills training of female youths, but also for their employment. Conducting training is not enough. We also need to make sure those who receive training also get an employment opportunity and the opportunity has to be sustainable.”
Highlighting the harsh impact of Covid-19 on the female workforce, Neda Society ED Jahanara Beauty said, “During the pandemic many employers opted to keep male ones instead of female youths in informal sectors.
As many women had to leave their job, it impacted not only their income or employment but also their surrounding situations.
There was sharp decline in their savings, while violence against women increased and incidents of child marriage rose drastically.”
Boat makers in Shariatpur struggle to keep their craft alive
Thirty families in Chandankar area of Sadar upazila are busy building boats which are widely used for commuting in rural areas during this season.
They have kept the boat-making craft alive through generations as it is a family profession for them.
The village is known as ‘boat village’ to others as the residents here earn their livelihoods by making and selling boats.
Read Lockdown-induced price hike making life in Khulna miserable
During monsoon, the demand for boats goes up as people living in low-lying areas and river banks use boats to get around due to the rise in water level in many rivers and frequent floods.
During a recent visit, this UNB correspondent learned that the boat craftsmen are busy in making boats. People of different ages are involved in making boats.
Some were seen cutting logs, some busy in nailing while some were busy in placing dice.
Read Dhaleshwari erosion takes serious turn in Keraniganj
Talking to the workers, they said they need two days for making a small size boat while it needs three days for a big size boat.
Effective tips for hunting jobs during pandemic
Our approach to normal life has changed since the arrival of Corona virus pandemic. As we get used to the concept of ‘new normal’, there are a lot of things that we need to unlearn and relearn. And one of the important aspects of naturalizing the new normal is job hunting. The Covid situation has forced companies to adopt new working and hiring policies which weren’t prevalent before. And if you want to secure a job in this changing environment, we suggest you check out our tips to better prepare yourself.
Some valuable tips to get a new job during pandemic
Prepare Efficient Resume
A resume can make or break your opportunity to get a job. It is recommended to prepare a professional resume. However, don’t send the same cover letter and resume for all jobs. Consider the requirements of the specific job you are applying for. And, then tone up your job applications accordingly. You can also take help from experts regarding how to write a good resume.
Read:How to be a Confident English Speaker?
Organize Your Workplace
In this pandemic, many people have lost their job; while many are being underpaid. And, some people are working as freelancers and staying at home.
The latter might seem to be a scope to reconnect with family and enjoy the coziness of home. If you are going through a similar situation, we suggest that don’t get carried away; rather focus on getting yourself organized with a proper workstation. Get into the zone of working effectively and efficiently. Thus, you can get hired for skill-based jobs on different outsourcing platforms.
However, if you are looking for a full time job, don’t let the lazy rut get to you. Follow our next steps to find a new job during pandemic under a reputed company.
Read Top FMCG Companies in Bangladesh: At a Glance
Stay on the Loop
With the Pandemic in effect, the world is changing at a faster pace than ever and so is the job market. You need to stay up to date with all the new changes that are happening around you and how they might impact the industry you are vying for.
However, you don’t need to keep track of everything. Know the basics like the thoughts of the leaders in your industry. Keep an eye on the companies who are hiring recently. Stay aware about what skills are in demand, and get prepared accordingly.
Read The Impact of COVID-19 Pandemic in the Freelancing Industry: Can You Sustain?
Maintain Up-to-date Work Profile
By the term work profile, we basically indicate to your LinkedIn profile. In the recent years, LinkedIn is considered as an established standard when it comes to hiring professionals regardless of industry. This is not only a place where you get job leads, rather get industry insight.
LinkedIn gives you the opportunity to showcase your skill set to the potential employers and industry leads. And even during the pandemic, most employers will be looking at the job seeker’s LinkedIn profile before anything else. With that said, now is probably the best time to create and maintain an updated work profile or portfolio on LinkedIn.
Read Want to start freelancing from Bangladesh? These are the best platforms for you
Increase Your Online Presence
As more and more companies and businesses are getting comfortable with the idea of online work scope, now is the time to build on that online presence. This is something that should go complimentary with your work profile. However, it doesn’t mean that you have to waste time on social media browsing.
Basically, what you need to do is, to visit various social forums – related to your industry – from time to time and showcase your skills. There are lots of hiring posts on different online social networking platforms. You need to scour them and drop your work profile link or CV where applicable.
Read:How to ace a Job Interview?
Be Accustomed to Virtual Life
The pandemic temporarily halted numerous offices; but not for long. Now-a-days more and companies are getting used to the idea of online conferencing. It's becoming increasingly apparent that a zoom meeting is almost as effective as a physical meeting. People can attain virtual meetings safely while staying at home, without facing the hassle of a physical one.
So naturally, whether you are working at someplace or looking to apply somewhere be prepared for tons of virtual meetings and conferencing. The better you shine in them; the better is your chance of scoring that job.
Read Quarantine Income Opportunities: How to Earn Money during Lockdown Period?
Continue Your Networking
In the new normal situation, physical job fairs and lead-generating meetings are not taking place. But should that stop you? How to get your networking game going? As everything regarding the official works is moving to the virtual world, so is your networking. And the most effective way to get the best out of this situation is continuing the process of networking online.
Keep yourself engaged in searching jobs in LinkedIn and other job sites. Try to attain the virtual job fairs. What is more? You can get immense networking opportunities through virtual seminars depending on the industry. Make a list and start attending them.
Read How to Earn Money from Mobile Photography?
Learn New Skills
Let’s be honest, the work-from-home scenario of the pandemic is providing you with a lot of free time. We understand the trouble of having to cope with the changing environment and other stress-related issues.
However, we suggest you to make the most out of your free time. Learn soft and hard skills following your passion and interest. You can prepare some industry-related gigs and/or show hands-on activities to the potential employers. This will not only bolster your work portfolio but also make you stand out from the rest candidates.
Read Free Online Content Writing Courses in 2021
Keep Applying
One of the common misconceptions regarding jobs and companies during the pandemic is that no one is hiring. During the pandemic, many businesses have shrunk across diverse industries. But, still the situation can’t hold all companies back from hiring fresh hands. Therefore why should you sit back?
Try to follow the job posts and leads on different job-searching websites as well as social networking platforms. Prepare efficient resumes and work profile/portfolios. Then, start applying to the positions that better suits to your caliber. The key here is to keep applying until something eventually shows up.
Read Best Job Searching Websites in Bangladesh
Patience is the Key
Remember we are all in this pandemic and it’s not like other times. So, a job query might take longer to get addressed or that interview might take more than a few weeks to happen. No matter what, the idea here is to not lose hope and be cordial in your queries. Being patient will ultimately reward you in the long run, not just in the job-hunting space.
Self-Care
This might not be directly related to job hunting itself but all the stress of the pandemic, working from home, and quarantine might induce fatigue and burnout. It’s completely natural to get stressed out in this tough time but what’s not okay is to continue that way. More than anything, you should give priority to your mental health and overall wellbeing. An optimistic mindset and healthy body can go a long way to prepare you better for the journey of job hunting.
Read:Passive Income Ideas in Bangladesh in 2021
Bottom Line
As the world normalizes the new normal, the job landscape is also changing and becoming a new norm for many businesses. The sooner you cope with this changing environment, the better result you get. We hope these tips will help you to get prepared for successful job hunting endeavors during the Covid pandemic.
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