The Job Market Awakens: 73.4% of Companies Plan to Hire New Graduates in 2023
The job market is showing signs of revival, with a recent survey revealing that 73.4% of domestic companies in South Korea plan to hire new graduates this year. This marks a significant increase in hiring intentions compared to previous years, particularly as the world transitions out of the COVID-19 pandemic. The findings from HR tech firm Incruit indicate a growing optimism among employers, suggesting that the doors to employment are finally opening again.
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Strengthening Admission Criteria Based on Employment Rates
In a significant move to enhance educational outcomes, the Education and Training Department is proposing to strengthen admission criteria based on employment rates. This initiative aims to prohibit the increase of enrollment in institutions where graduate employment rates fall below 70%. By shifting the focus from mere input metrics to output-based evaluations, this policy seeks to create a tighter link between admission rates and educational success.
This approach reflects a growing recognition that the effectiveness of educational programs should be measured not just by the number of students admitted but by their subsequent success in the job market.
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Quality Youth Jobs in Jeju: A Bright Future Ahead
Jeju Island is taking significant steps to create quality job opportunities for its youth, recognizing that the future of the region is closely tied to the employment landscape. By implementing various policies aimed at fostering stable and meaningful employment, Jeju is not only enhancing the lives of its young residents but also ensuring a brighter future for the island as a whole.
The initiatives include strengthening support systems for young workers and adapting to changes in industrial structures to create new job opportunities.
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