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Finance & Banking
May 7, 2024

Understanding the Challenge of Securing Entry-Level Positions

Discover the complexities behind obtaining entry-level jobs and the obstacles applicants face. Explore the factors contributing to this challenge, such as competition and lack of experience, and learn about potential strategies to overcome these hurdles and secure entry-level positions successfully.

Entry-level positions are commonly perceived as roles that demand minimal to no previous experience or expertise. However, there's a prevalent complaint among job seekers on social platforms that job postings often specify more extensive qualifications than anticipated.

An example cited by a TikTok user illustrates the frustration of applying for an entry-level marketing position that requires 2+ years of experience, a degree, proficiency in graphic design, SEO, copywriting, and even a successful TikTok account on the side.

Another user pointed out the absurdity of companies seeking candidates with a master's degree for entry-level office positions. This observation underscores the reality reflected in the meme.

In a 2023 report by TestGorilla, 42% of employees expressed feeling excluded from job opportunities because they lacked formal qualifications or experience. Similarly, a 2022 report by McKinsey & Company identified a lack of experience, relevant skills, credentials, or education as the second-most-cited barrier to employment.

"Over recent years, there has been a noticeable trend towards skills-based hiring, where employers prioritize candidates' experience and abilities over their academic degrees," noted Julia Pollak, the chief economist at ZipRecruiter.

This shift is reflected in hiring trends. In 2023, less than 61% of human resources leaders reported hiring for entry-level and less-specialized positions, a decrease from 79% in 2022, as per a PwC survey.

A significant obstacle is the gap in skills and training, exacerbated by challenges in receiving on-the-job training for many workers. According to Peter Cappelli, a management professor at the Wharton School, employers are prioritizing external hires over internal talent development, hindering opportunities for promotion from within.

Julia Pollak suggests that job seekers can enhance their skills by enrolling in the increasing array of affordable and accessible online training programs, which often offer practical components. Additionally, gaining experience through freelance work, volunteerism, or internships can also help individuals acquire credentials and practical skills.

Source: cnbc

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