In South Africa, many graduates are entering the workforce with high hopes, armed with degrees that are traditionally seen as the key to securing a job.
Slight Improvement in Graduate Unemployment
According to BusinessTech, over 70% of graduates struggle to find work within their first year, with youth unemployment at a staggering 45.5% as of late 2024.
While the job market remains tough, there is some good news. Graduate unemployment decreased by 1.1 percentage points from 9.8% in Q3 2024 to 8.7% in Q4 2024.
However, it’s still much higher than the 5.5% unemployment rate for graduates in 2013. Showing how difficult the job market has become.
High Unemployment Among Those with Less Than Matric
Unemployment rates remain particularly high for individuals with lower qualifications.
Those with matric face an unemployment rate of 33.8%, while those with less than matric have an even higher rate at 38.2%.
Demonstrating a significant gap in employment opportunities.
While a degree is important, it’s not the only factor employers consider when hiring.
Pnet emphasises the importance of positioning oneself effectively and leveraging skills to stand out.
Employers are looking for specific skills and experience, something that many fresh graduates lack.
Key to Success in Today’s Job Market
Pnet suggests that graduates focus on developing soft skills like adaptability, problem-solving, and the ability to learn quickly.
These skills are often as valuable as technical knowledge and can be demonstrated through activities such as volunteering, freelancing, or leading a campus society.
The Growing Importance of Soft Skills in South Africa
Experts in South Africa have noted that soft skills play a crucial role in securing employment.
Research on the National Rural Youth Service Corps found that skills such as problem-solving, networking, and leadership were key factors in getting hired.
Sometimes even more important than technical skills.
Navigating Social and Cultural Skills
Talita van Wyk, Head of Programme at The Independent Institute of Education, pointed out the rising significance of Social Quotient (SQ) and Cultural Quotient (CQ).
SQ involves the ability to build relationships and navigate social interactions. While CQ focuses on working effectively across different cultures—both essential in today’s diverse work environments.
While having a degree is a major achievement, graduates must also focus on developing a broad range of skills, both technical and soft, to thrive in the competitive job market.
By showcasing their experiences and transferable skills, even those with limited work experience can improve their chances of securing employment.
What do you think is the biggest challenge facing graduates today in securing their first job?
Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1.
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