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What are the harmful effects of nepotism
Essay on nepotism
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INTRO
It’s not what you know anymore. It’s whom you know. Most of the time when you go for a job someone has an influence in you being hired such as an employee that works there or a family member. Majority of the time it is not because you are qualified to do the job. This is my theory on why it is so hard to get a job straight out of college. Being a recent graduate you do not know many people in your field and you most likely have no experience. I think the best way that we can solve the problem of college graduates not being able to find a job is everyone company adapting the No-Nepotism rule. The regulation that you cannot work at any place where you have family or friends at least not in your direct department. Another solutions could be having a special employer that is not related to or knows anyone at the workplace. An employer that comes in to only hire people resulting in the employer having no outside influence in the decision of hiring you or not because of qualification.
The main issue we have with jobs is the big issue that goes hand in hand with the job market, the economy. The economy going hand in hand with our job situation is shown in the recession period of 2008-2009 when the unemployment rate nearly doubled and hit its high sky rocketing from 5% to 9.8%.
The recession is not the only thing that is making the situation of getting a job so difficult. One of the main reasons that getting a job has become so difficult is the ratio of available jobs to seeker. With unemployment rates close to twice the norm and even with the number of 140.000 new jobs every month in the year 2012. It is still not enough to bring the rate of unemployment back down to its low within the per...
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...th not having a lot of jobs in the area because they are all filled up due to nepotism making it hard for people that are not employed and making it extremely harder for those who just graduated college or have no job experience. Nepotism should be destroyed it is unfair for those who are more qualified and every company should have a rule where you can not employee anyone that you have a personal relationship in the same location as you, or at least that you guys can not supervise each other and must hold the same position. The only place nepotism should be acceptable is at family owned businesses new or old and even then they should still consider. At this point it is extremely hard to make a change to nepotism because of the privately own companies and the lack of proof that you may know someone you are hiring, but all companies should have an anti nepotism rule.
A key to victory this November is the unemployment rate. According to a Bloomberg National Poll conducted in March 8-11, 42% of Americans consider unemployment and jobs as “the most important issue facing the country right now” (Priorities). Although there has been 24 consecutive months of private sector employment growth, the Federal Reserve suggests that the numbers could fade in the coming months. The importance of creating more jobs cannot be stressed enough. No President in the recent era has been reelected with the unemployment rate above 7.2% (Roth). To paint a picture, in late 1982, the unemployment rate topped 10.8 under Ronald Reagan. However, about 36 months later, the rate dropped to 7.2% percent. The drastic drop in the n...
In David Brook’s essay, “It’s Not About You,” Brooks mentions and describes the challenges college graduates face when looking for a job. He goes on and describes how this generation is different than any other generation. He explains how college graduates don’t go on and get married, buy houses, and have kids like previous generations. He also states how college prepares you with a set of skills that are much different to the ones you encounter when you graduate. Those skills you have to learn on your own.
In this article “What It Takes To Make New College Students Employable” written by Alina Tugend, she argues that your time in college does not necessarily prepare an individual for jobs in society today. This is mainly due to employers who expect recent college graduates to have the skills prepared for a working environment. Unfortunately, that is not the case because the social and technical skills that you learn in college do not translate into the corporate world. To solve this problem, students can become more well equipped with the skills necessary to work by attending training programs, have employers work with them to fix certain issues, and teach them where certain social skills should be applied in the workplace.
Every few years, countries experience an economic decline which is commonly referred to as a recession. In recent years the U.S. has been faced with overcoming the most devastating global economic hardships since the Great Depression. This period “a period of declining GDP, accompanied by lower real income and higher unemployment” has been referred to as the Great Recession (McConnell, 2012 p.G-30). This paper will cover the issues which led to the recession, discuss the strategies taken by the Government and Federal Reserve to alleviate the crisis, and look at the future outlook of the U.S. economy. By examining the nation’s economic struggles during this time period (2007-2009), it will conclude that the current macroeconomic situation deals with unemployment, which is a direct result of the recession.
Contrary to popular belief, a college education can help with any job, regardless of whether the job is within a certain major or not. In fact, a college graduate even benefits if they take up a job as a plumber or a police officer- not only from their academic education, but also from learning important skills such as persistence and discipline (Leonhardt). Having a college experience and exposure to the world creates well- rounded people with higher skills and work ethics- and therefore better workers. Though they aren’t immune to being turned down, college graduates are more likely to actually get jobs, and be paid more for them, as shown in a study d...
Bolles begins by preparing the reader to know that the job market has changed, and that some new approaches and perspectives need to be utilized to be a successful job hunter. The author moves on to discuss how most employers are learning more
People continue to wonder if college is worth the time and money spent with numerous individuals still unemployed, a valid concern of young students. Despite the information the majority have heard about unemployment rates, this is not a valid argument. (Michael Greenstone and Adam Looney) notes, “In Apr. 2013 the unemployment rate for college graduates aged 25 and over with a bachelor’s degree was 3.6%, compared to 5.0% for associate’s degree holders, 7.5% for high school graduates, and 11.4% for high school drop-outs.” These statistics alone should put your mind at ease relieving concerns an individual may have in respects to finding a job in their field. Moreover, employers that can see someone’s passion toward the carrier they’re seeking will increases one’s chance of successfully finding
It is well known among college administrators that it is much harder leaving college than coming to college. For almost all of a student's life they’ve been in a structured step by step education. But what’s the next step after graduation? A job. And what happens if that graduate can’t find a job?
People need money to purchase all kinds of goods and services they needed every day and sometimes, for goods or services they desire to own. To fulfill that, they have the essential need to earn money. In order to earn money, they must work in either in fields related to their interests or to their qualifications. However, people will meet different challenges during their jobs-hunting sessions, such as many candidates competing for a job vacancy; salaries offered are lower than expected salaries and economic crisis or down which causes unemployment. Unemployment is what we will be looking into in this report. Dwidedi (2010) stated that unemployment is defined as not much job vacancies are available to fulfill the amount of people who want to work and can work according to the current pay they can get for a job they chose to work as. There are four major types of unemployment: frictional, structural, cyclical and seasonal unemployment.
Analysis of the labor market in the economy reveals a reduction in vacancies while the number of job seekers significantly increases over the past few decades (Dickerson, 2008, p.1). Particularly, the youth employment looks worrying with a serious downward trend with so many of them unemployed. The numbers of free people who are full educated or trained have also decreased. The unemployed in the economy are either inactive or unemployed. The annual changes continue to show a rise in unemployment of young people both for student and others. With lack of government employment as well as training programs, many individuals opt to seek for self-employment (Dickerson, 2008, p.1). Statistic continues to show that there has been an increase of workless people in comparison to the vacancies available. The general picture, therefore, remains that labor market constantly fails to meet the needs of people regarding employment. Although this is the case, there has been some variation across regions with Scotland and Wales in the UK showing decreased performance. There remains a risk that employment will increase in the coming years. The present concern is long-term unemployment, specifically with regards to the youths who are most disadvantaged in the labor market (Dickerson, 2008, p.1).
Nepotism is defined in Merriam-Webster’s dictionary as the unfair practice by a powerful person of giving jobs and other favors to relatives. Nepotism has the possibility for good and bad effects on a business. Simple examples of nepotism are a son or daughter becoming the successor of a company or small business. (Lee & Lim, 2003) More in depth nepotism is hiring or being hired by someone outside one's immediate family (Mom, Dad, Sister, etc.). Unfortunately, no matter who does nepotistic hiring or becomes the successor the likelihood of a business survives beyond the first generation is slim to none. (Lee & Lim, 2003) According to Lee and Lim's article "Family Business Succession" the author’s state that 30 percent of family firms in the United States survive into the second generation of family ownership. Approximately 15 percent to 16 percent survive into the third generation. (Lee & Lim, 2003)
College graduates have more jobs to choose from. The more years of education one has completed, the more opportunities he or she will have as a potential hire. Some employers would not even consider interviewing a job seeker who has no college education, and many employer...
The economy has been unable to create jobs due to America’s massive trade deficit caused by failed economic policy. The U.S has been importing more goods than exporting, creating a trade deficit. This is causing debt, which causes not enough money to create more jobs for citizens to have a job opportunity. When the U.S evens out the trades we still will be losing jobs. Also another article states that lack of job opportunity is also caused by lack of experience, economic conditions, and the mismatching of available workers to the positions needed.
There are many factors which influenced the development of this problem. Among them are a huge number of graduates with higher education, graduates without work experience, employers do not trust the quality of graduates’ knowledge and excessive demands on the part of the employers. One of the most popular reasons why it happened is a huge number of graduates with higher education. For example, total number of students in the city of Almaty in 2013 is 256 803 persons (Amirali, 2013). It becomes clear that such a large number of students just do not get jobs. But every year the number of incoming students is growing, and the number of jobs does not increase.
While having the right skills for employment is imperative to obtaining a decent job. Displaying your job skills in America’s competitive job market can be challenging. One stigma can be perceived that long-term jobless people have been sitting around and not really wanting to work. (Daly, Hobijn, and Kwok 2015) Or the perception that they would not take a lower paying job, and if they do, they will leave as soon as they find a higher paying one. Some companies have clearly barred the underemployed or long-term unemployed from certa...