College graduates are finding lower entry level salaries due to financial strains of the so-called “credit crunch,” as one survey reported. The demand for jobs remains high, although the starting salaries are steadily decreasing.
Employers are now ready to eliminate the standard 2.1 minimum selection tool. Many employers now desire to broaden their employee talent to include experience and life skills in addition to academic success. These new employment trends could be quite the disappointment for those graduates relying on a solid academic record to ensure a great starting salary. A college degree may no longer be sufficient to guarantee a solid standard of living desired by graduates.
The trend of slowing rates of starting salaries and raises for college graduates begs the question of where these individuals will head for a comparable salary. For those seeking raises, these graduates may be discouraged to learn that the 1.8% increase last year is the lowest increase in the past eight years according to records of the Association of Graduate Recruiters.
While the financial market may have once offered some of the top salaries to college graduates, law firms have reportedly ranked in as the highest paying employers with respect to starting salaries. However, even firms have not been able to escape the impact of the credit crunch as over half surveyed anticipated only offering a cost of living increase. In fact, nearly a quarter of employers will freeze salaries in the upcoming year while the general trend of the labor market is a general decrease in the number of available jobs across the board.
With everyone pinching pennies today, college graduates especially are wondering what the answer is to cover never-ending expenses such as student loans. The job market certainly remains competitive and cut-throat. For graduates struggling from the domino effect of this credit crunch, the good news is that they can take part in the one of the fastest growing online industries to earn extra income – gaming.
With software today, it is now easier than ever to scan prices worldwide and find risk-free opportunities for betting. Returns of arbitrage trading can be as much as twelve percent monthly. Rajeev Shah, author ofSports-Arbitrage – How to Place Riskless Bets and Create Tax-Free Investments is a former City trader and discusses in his book how this unique investment strategy using new software called ArbAlarm can easily return a profit. This type of gaming is now possible thanks to the internet and remains risk-free.
The UK Government announced recently that the profits gained from this risk-free trading will retain its tax-free status. That is correct. The profits from this sports arbitrage trading are not subject to capital gains tax or income tax. The incentives to try this unique trading technique to supplement the decreasing salaries of the job market are quite attractive.
Approximately one-tenth of employers have reported receipt of over 10,000 applications this year alone. Although the number of jobs available does continue to increase, it is an increase at a slower rate than the market has seen in years past. For many college graduates, waiting until they are selected from the thousands of applicants requires an alternative plan to earn the income they need. Now is the perfect time to start risk-free trading, return a profit and put the cash directly into your pocket.
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