Institutional Assistance and Adaptation of Fresh Graduates Facing Employment Crisis and Poverty

Abstract

Purposes – The purposes of the study are to investigate the likelihood of poverty as a result of the employment crisis, specify the coping mechanisms available for dealing with the employment crisis, and evaluate the institutional support available for reducing the employment crisis. Design/ methodology/ approach – This study’s data collection and analysis employed an exploratory research design. The investigation included both a literature review and an empirical investigation. This survey's empirical data were gathered through the use of a structured questionnaire pertaining to the study's factors involved. Findings – The total average of "agree" and "strongly agree" answers about the perceived employment crisis is 79.83%. The possible risk of poverty is 80%, getting help from institutions is 69.46%, and the ability to find a job during and after graduation is 84.36% according to the results of the study. Practical implications – Fresh graduates are facing a desperate employment situation. It's evident that this empirical study was initiated to detect what particular circumstances are responsible for the employment crisis and poverty risk of graduates and look for adaptation mechanisms and institutional assistance to reduce this crisis. Research limitation – Due to the voluntary nature of the responses and the majority of respondents' lack of interest, data collection was extremely challenging. One hundred and fifty participants limited the scope of the study. Orginality/ value – According to the study, mechanisms and institutional assistance are needed to consolidate the employment crisis and address graduate unemployment, but they are unsustainable in the context of Bangladesh. However, based on the results of this study, recommendations have been provided to overcome this consequential problem.