UNEMPLOYMENT CRISIS AMONG FRESH GRADUATES

doi:10.46281/aijssr.v10i1.1461

Abstract

This paper attempts to explore the topic of the unemployment crisis among fresh graduates. The two main objectives of the study are to examine the influence factors of the unemployment crisis among fresh graduates in Malaysia, and the primary determinant of the unemployment has culminated in many policy implications for higher education. The unemployment rate among fresh graduates increased to 25% in 2020 than the year before, jumping from 13.8%. The null hypothesis is that employer preference, candidate attributes, and economic instability have no significant effect on the unemployment crisis. The information for the paper typically originates from a questionnaire survey method, with one hundred and thirty fresh graduates' participation in this study. The statistical approach is required to analyze numerical data using SPSS applications. Descriptive analyses such as frequency and simple percentages on demographic characteristics were used to analyze data. Inferential statistics such as linear bivariate correlation was used to test the formulated hypothesis. The finding demonstrated a significant association between employer preference, candidate attributes, and economic instability with the unemployment crisis. This finding would shed light on more preparation for fresh graduates' employability who preserve searching for a job by the education ministry. Hopefully, a revision in the academic higher education curriculum is considered to meet the job market's and stakeholders' needs for better graduate employability.

Highlights

Globalization, disruptive technologies, and digital transformation changing lifestyle and consumer tastes provide jobs and careers with extensive opportunities and risks (Seng, 2018)
This study focused on the three key variables central to the unemployment crisis: employer's preferences, candidate's attributes, and economic instability among fresh graduates in Selangor
This study revealed that economic instability is the most influential factor in the unemployment crisis, followed by the employer's preference and the candidate's attribute

Summary

Introduction

Globalization, disruptive technologies, and digital transformation changing lifestyle and consumer tastes provide jobs and careers with extensive opportunities and risks (Seng, 2018). A report by the Ministry of Education's Graduate Tracer Study (SKPG) for 2018 estimated 341,311 graduated from 702 institutions of higher learning and General Skills Training Institutions (ILKA). Within six months of graduating, the graduate employability rate for 2018 was 80.2 percent, with 58.6 percent attaining jobs, including in entrepreneurial ship. Another 15.7 percent furthered their education; 1.3 percent underwent training for skill improvement, and 4.6 percent were waiting for a job placement which only 19.8 percent contributes to unemployment

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