The Impact of COVID-19 Pandemic on Labor Market Perspectives for Management Undergraduates: New Models of Employability Capital Development

Introduction. COVID-19 is a worldwide epidemic that impacts all aspects of human life. Social distancing was an essential action to prevent from COVID-19 virus. For this reason, collective activities were prohibited in many countries including Sri Lanka. Education is one of the main collective activ...

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Datum:2023
Hauptverfasser: Svyrydenko, Denys, Amarathunga, Buddhini, Wijethunga, Sadun, Riznyk, Viacheslav
Format: Artikel
Sprache:English
Veröffentlicht: Dr. Viktor Koval 2023
Online Zugang:https://ees-journal.com/index.php/journal/article/view/209
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Назва журналу:Economics Ecology Socium

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spelling oai:ojs2.www.ees-journal.com:article-2092023-03-31T04:52:46Z The Impact of COVID-19 Pandemic on Labor Market Perspectives for Management Undergraduates: New Models of Employability Capital Development Svyrydenko, Denys Amarathunga, Buddhini Wijethunga, Sadun Riznyk, Viacheslav COVID-19, employability capital, graduate employability, labor market. Introduction. COVID-19 is a worldwide epidemic that impacts all aspects of human life. Social distancing was an essential action to prevent from COVID-19 virus. For this reason, collective activities were prohibited in many countries including Sri Lanka. Education is one of the main collective activities in the world. As such, it is relevant to test the influence of COVID-19 on graduate employability skills. However, it is difficult to find COVID 19 impact on graduate employability skills in the Sri Lankan context. Aim and tasks. The main objective of this paper was to identify the effect of the COVID-19 pandemic on the graduate employability capital of state universities’ management undergraduates in Sri Lanka and the significant level of that factor. Results. Based on the literature review, the COVID-19 pandemic affected five factors human capital, identity capital, cultural capital, social capital, and psychological capital identified as graduate employability capital factors or not. The methods of the study were to use the analysis of quantitative data. To achieve this goal, an online survey of 377 university students was conducted. The obtained selective results in the context of the COVID-19 pandemic showed significant positive shifts in the employment processes of university graduates. This positive impact, according to the results of the regression analysis, was provided by the following types of capital: social, human, psychological, cultural, and identity, the values of which ranged from 91.4 percent to 95.8 percent. Among all types of capital, human and psychological capital had the most significant impact on student mobility. Conclusions. The conducted studies show the importance of the online educational system in the universities of Sri Lanka. The use of available resources can significantly improve the existing infrastructure of online education and help increase the level of competence and professionalism of the teaching staff and university students. The introduction of the proposed online educational programs and courses will not only improve the quality of services provided but will also increase the revenue side of the university budget. Dr. Viktor Koval 2023-03-31 Article Article Peer-reviewed Article application/pdf https://ees-journal.com/index.php/journal/article/view/209 10.31520/2616-7107/2023.7.1-4 Economics Ecology Socium; Vol. 7 No. 1 (2023): Economics. Ecology. Socium; 35-45 Економіка Екологія Соціум; Том 7 № 1 (2023): Economics. Ecology. Socium; 35-45 2616-7107 2616-7107 10.31520/2616-7107/2023.7.1 en https://ees-journal.com/index.php/journal/article/view/209/171 Copyright (c) 2023 Economics. Ecology. Socium
institution Economics Ecology Socium
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datestamp_date 2023-03-31T04:52:46Z
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language English
topic_facet COVID-19
employability capital
graduate employability
labor market.
format Article
author Svyrydenko, Denys
Amarathunga, Buddhini
Wijethunga, Sadun
Riznyk, Viacheslav
spellingShingle Svyrydenko, Denys
Amarathunga, Buddhini
Wijethunga, Sadun
Riznyk, Viacheslav
The Impact of COVID-19 Pandemic on Labor Market Perspectives for Management Undergraduates: New Models of Employability Capital Development
author_facet Svyrydenko, Denys
Amarathunga, Buddhini
Wijethunga, Sadun
Riznyk, Viacheslav
author_sort Svyrydenko, Denys
title The Impact of COVID-19 Pandemic on Labor Market Perspectives for Management Undergraduates: New Models of Employability Capital Development
title_short The Impact of COVID-19 Pandemic on Labor Market Perspectives for Management Undergraduates: New Models of Employability Capital Development
title_full The Impact of COVID-19 Pandemic on Labor Market Perspectives for Management Undergraduates: New Models of Employability Capital Development
title_fullStr The Impact of COVID-19 Pandemic on Labor Market Perspectives for Management Undergraduates: New Models of Employability Capital Development
title_full_unstemmed The Impact of COVID-19 Pandemic on Labor Market Perspectives for Management Undergraduates: New Models of Employability Capital Development
title_sort impact of covid-19 pandemic on labor market perspectives for management undergraduates: new models of employability capital development
description Introduction. COVID-19 is a worldwide epidemic that impacts all aspects of human life. Social distancing was an essential action to prevent from COVID-19 virus. For this reason, collective activities were prohibited in many countries including Sri Lanka. Education is one of the main collective activities in the world. As such, it is relevant to test the influence of COVID-19 on graduate employability skills. However, it is difficult to find COVID 19 impact on graduate employability skills in the Sri Lankan context. Aim and tasks. The main objective of this paper was to identify the effect of the COVID-19 pandemic on the graduate employability capital of state universities’ management undergraduates in Sri Lanka and the significant level of that factor. Results. Based on the literature review, the COVID-19 pandemic affected five factors human capital, identity capital, cultural capital, social capital, and psychological capital identified as graduate employability capital factors or not. The methods of the study were to use the analysis of quantitative data. To achieve this goal, an online survey of 377 university students was conducted. The obtained selective results in the context of the COVID-19 pandemic showed significant positive shifts in the employment processes of university graduates. This positive impact, according to the results of the regression analysis, was provided by the following types of capital: social, human, psychological, cultural, and identity, the values of which ranged from 91.4 percent to 95.8 percent. Among all types of capital, human and psychological capital had the most significant impact on student mobility. Conclusions. The conducted studies show the importance of the online educational system in the universities of Sri Lanka. The use of available resources can significantly improve the existing infrastructure of online education and help increase the level of competence and professionalism of the teaching staff and university students. The introduction of the proposed online educational programs and courses will not only improve the quality of services provided but will also increase the revenue side of the university budget.
publisher Dr. Viktor Koval
publishDate 2023
url https://ees-journal.com/index.php/journal/article/view/209
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