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Enhancing Employability - Essay Example

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Enhancing Employability Table of Contents Introduction 3 Section 1- Business Research 3 Methodology 5 Main Findings 6 General Trends in IT Sector 6 Opportunities for Recent Graduates 8 The Skill, Knowledge and Experience Required 9 Self-Employment Opportunity in IT 9 Section 2- Personal Analysis 10 Gap Analysis 11 Section 3- Conclusion 11 12 Section 4 – References 13 Bibliography 16 Section 5- Appendices 17 Career Action Plan 17 Cover Letter 18 Curriculum Vitae (CV) 20 Information on Current Business Opportunity 22 Introduction The report deals with development of a self-employment business plan of computer retail business in the field of Information Technology…
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Enhancing Employability Essay
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Download file to see previous pages The personal analysis section of this report will analyze the gap in the required skills with that of the present skills and knowledge; therefore it would also focus on the developmental requirements in order to be successful. The personal analysis comprises of self-reflection for understanding own strengths, weaknesses, threats and areas of opportunities. Finally, this report will provide a career planning for the requirement of requisite skills and knowledge. Section 1- Business Research The Information Technology (IT) sector is one of the highest progressing sectors globally in terms of computer and internet utilization. The global transactions on IT had touched almost 2.4 trillion USD in the year 2008 compared to 2.2 trillion USD in 2007. The USA is considered as one of the biggest spenders on IT product internationally. In the year 2008, the IT sector in the USA had accounted for expenses of almost 810 billion USD. The following graph will describe the spending on IT internationally during 2002–2008: Source: (Investment Support and Promotion Agency, 2010). Terms of Reference The possible influence of IT in employment creation is both direct as well as indirect. Directly, IT sector can create new employment opportunities and indirectly, the implementation of IT by other industries help to enlarge the assortment of services and as a result inspire the evolution of IT sector. The indirect influence of IT is much bigger compared to direct influence. In the USA, it is expected that for each employment generated in the IT industry, at least ten further IT oriented employment can be developed in other industries where IT has been implemented. Though the use of IT eradicates certain specific labor intensive employments, it can generate far more employment opportunities. Several businesses such as computer training, research and development among others are directly related with IT industry (Jacobs, 2008). According to a study of National Research Council of the USA, it had been found that IT has an inspiring effect on the development of service industry. The fastest growing sectors of service industry such as education, financial services, health services and insurance sectors among others are expanded with the help of adaptation of IT. IT provides benefits towards generation of employment and enhances skill level. Several evidences specify that IT supports towards the development of labor and overall skill advancement in the workstation (Jacobs, 2008). Methodology The research for IT business will be conducted on the basis of secondary data and primary data. The main focus of this research will be to understand the condition of IT industry in the USA and to analyze the self-employment opportunity in this sector. In order to conduct the research, firstly, information regarding IT sector trends such as computer sales and revenues in the USA will be collected, number of employments generated by the IT sector will be analyzed and ultimately the data will be segmented for creating a fruitful finding of the research. These data will help to understand the ...Download file to see next pagesRead More
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