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I would argue it is the lack of passion in their field of expertise that is causing this overall disconnect with their expectation in jobs prospects. I find that while it is important for graduates to work their tail off to find what they are looking for, it is also important that they are actually enthused and passionate about the things they want to do in that field.
I sincerely don't think employers will hire people that are looking to settle down for a 9-5 jobs anymore simply because of the societal demands us to demonstrate the fallacious claim to be ever improving, and lofty success goals. But this unrealistic expectation is perpetuating the fallacious hr process, as I am sure not everyone promising the moon in an interview was sincere.
So in closing, I would suggest that the graduates exemplified in that article simply needs a slight nudge to get them back to reality. In order to succeed without being disingenuous, simple find what you are interested in professionally, and look for those niche opportunities that can demonstrate your talent in that field of profession. A degree means nothing to anyone if you don't know how to use it.
Kudos on a great post.
Many companies want experienced employees and it takes years to get that, you need to be willing to put in your time.
And just as much as this is a generation of disruption, a generation that's changing the nature of work, thinking, interacting, and of socializing, it hasn't reach the entire generation.
Not that it can either. Yes as a society we still need people to take up trades, but are these people going to be the ones now representing the Gen Y way of life? Like the ones in small towns already working at the auto factories (I'm assuming). They seem to follow the Gen X pattern more, but without them we'd be really screwed in 15-20 years.
Plus in Ontario, given we have 4 years of high school, there is always discussion of students not knowing what they have any interest/passion for even after high school or into university. Being Gen Y almost mandates knowing where your interests lie to be able to put in that extra effort.