of young professionals age 19-24 use connections through friends or relatives when securing employment.
Nonprofessional connections give uncompetitive workers only a one-time career advancement. For example, this happens in cases when a person is trying to get a first job, is looking for work after a long break or a period of unemployment, or wants to transition from a ‘bad’ job to a ‘good’ one. These connections do not work for further professional advancement. At the same time, there is a growing importance of business connections indicating that a person is established as a solid professional in the eyes of his or her colleagues.
The significance of business connections in searching for a job, securing employment and being assigned to a position is high for employees in foreign ‘prestigious’ sector companies, managers, people who have specialist education and professional experience, as well as for professionals age 30-39.
These findings come from research by Evgenia Balabanova, Deputy Director at the HSE’s Centre for Study of Social Organization of a Firm.
In assessing an employee’s performance, employers often listen to his immediate supervisor or colleagues, and these opinions can be highly subjective. Sergey Stepanov, an economist from HSE University, has shown that biased evaluations can actually benefit employers. An article substantiating this finding was published in the Journal of Economic Behavior and Organization.
On November 17th and 19th, HSE students and graduates, along with students from other universities, learned how to get a job in their dream company, which skills are highly valued by employers today, and how COVID-19 has changed the employment market. All these secrets were revealed as part of the HSE Career Marathon by representatives of such big companies as Procter & Gamble, SBER, BAT Russia, Deloitte, Coca-Cola HBC, VTB, Unilever, Alfa Bank, UNIQLO, MegaFon and others.
The HSE Graduate School of Business Career Centre held the traditional Fall Career Week and Job Fair, which took place online for the first time. 34 companies from different business sectors (consulting, finances, IT, FMCG, retail, and telecom) participated in the event. More than 63 representatives of different companies gave talks and master classes for GSB students.
HSE University alumni working in economics and finance, earn an average of 115,000 rubles a month in their first five years of work after graduation. This is the second best result among universities, according to data from the Superjob job search website.
For three years already, HSE University has appeared in the Top-5 of Russia’s best universities according to the RAEX Ranking. In terms of demand for graduates among employers, HSE University has risen to the second place, while also improving its indicator for ‘environment for high-quality learning’.
In his book, Rise of the Robots: Technology and the Threat of a Jobless Future, futurist Martin Ford warns of 75% unemployment by 2100, as robots will finally defeat humans and half of all existing occupations will disappear. Should we believe it? Prominent Russian economist and deputy director of the HSE Centre for Labour Market Studies Rostislav Kapeliushnikov does not think so. According to his paper 'Is Technological Change a Devourer of Jobs?'', predictions of a 'labour market apocalypse' with mass loss of jobs caused by technological progress are unfounded.
Sergey Roshchin, HSE Vice Rector, discussed the main trends in graduate employment at a panel discussion titled ‘University-Graduate-Business: How to Build Constructive Partnership’ organized by the Ural Federal University and Sistema Charitable Foundation as part of the XIX World Festival of Youth and Students in Sochi. The participants discussed the changes required in education due to growing competition and the approaches that universities and employers take to pooling efforts and creating a joint vision.
Mothers of three or more children are four times as likely to be unemployed compared to mothers of one or two children, according to Alina Pishnyak's study 'Employment opportunities and constraints for women in Moscow.'