The current economic climate
Over the past few years or so, the numbers of jobs relative to job seekers have declined. There are certain job sectors which have boomed but not everyone have the right skills or interest in working within those sectors, therefore leaving a big pool of people out of work.
One of the biggest booming job sector in which have created hundreds and thousands of jobs over the past decade would be in the information technology sector. Without this increase, there may not be so many new jobs available within the job market today. Although there are several different schools, colleges and universities that have the option for people to study IT and other computer related studies, not everyone has the interest in them or able to understand well enough to be able to work within that sector.
Within the last year, due to the economic downturn within the financial services industry and the housing market, there have been a vast number of companies downsizing their firms to adjust with the depression as well as many firms going under because they are not able to cope with such major changes. Whether it is downsizing or firms going under, the most affected are the people working within these companies. The number of redundancies has increased significantly during this period and some are finding it very difficult to get back into work again.
Not only are there people turning into unemployment which is due to no fault of their own, the number of jobs have declined as more and more employed people are staying within their current positions until there is a better change within the market, which may not be so soon.
As desperation for unemployed workers to return to work as soon as possible reaches sky high, even the most experienced ones are applying to lower end roles just to be back in work and to support the living costs. Although this means good news to some employers, the opposite can be said to those unemployed, because accepting a lower end role would mean accepting a lower based salary. Even though it means there is a job offer, it may be at the end of a day, a job but not a career.
Questions and Answers
With technological evolvement across Wales and many Cardiff-based companies developing a worldwide presence it has become imperative for Welsh jobseekers to plan out their careers more diligently. In a large number of cases many industries in Wales can prove frustrating for those looking to establish themselves. In recent times it has become increasingly important for candidates to become skilled across a number of different areas as apposed to becoming an expert in one.
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