Students are not cash cows
Two companies.? Company A and Company B .
Company B has had a good reputation in the recruitment and firing process for a long time whereas Company A has a difference.? During the COVID-19 pandemic in 2020, Company B encountered significant financial challenges.
They start recruitment with very flexible conditions.? By the way, why is a company going to recruit while they are facing financial issues, and how this process will help them to generate revenue?
Same with Company A but they have started later and did not run long since as I told you they are slightly different from Company B. So, how do these companies manage to generate revenue without engaging in unlawful practices while still having the option to dismiss recruits and return to profitability?
It does not end here, you have to be on their premises for all the expenses you have to pay because you must take all the necessaries from them. The great catch - you joined, paid the joining fees, and you started spending 80% on your living in the same company you are working.
Now many of them or us, thought; yeah we know that but my goal is for the long term once I get promoted,? my earnings will be higher and the basic expenses will likely be the same. I will have the experience and a secure life here.
Telling you the firing process,? where you have nothing to say knowing you are losing most and coming back with the liabilities and the great certification of your huge investment.? Company A and Company B accumulated substantial funds from these recruits. While the tenure for some was two years and for others four, extensions were made easy. The companies anticipated that 90% of recruits would want to stay longer but recognized they couldn't sustain this. They responded by changing policies and laws, making it more difficult for current and prospective employees to stay.
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You see you don't need to fire them and down your reputation. Those companies are still great since their new law and policies on these groups not entertaining to be with them so they leave on their own. Yes, I have seen a few tried but again the law and situations become so much harder sometimes expensive that, they just failed on these unethical strategies.
?
These practices were observed in the United Kingdom between 2021 and 2023 and in Australia starting in 2023. While the methods may seem unethical, they operate within legal boundaries. Ultimately, it is the recruits who face the consequences, having taken on these challenges.
In 2023, international students significantly boosted the UK economy, contributing an estimated £41.9 billion. The increase from £31.3 billion in 2018/19 to £41.9 billion in 2021/22 underscores a substantial growth driven by higher enrolments from non-EU countries. (Universities UK) (Times Higher Education (THE)).
In 2023, international education contributed significantly to Australia's economy. The sector brought in approximately AUD 34 billion in the first three quarters of the year, marking a substantial increase compared to previous periods. By the end of 2023, it was projected that the total contribution from international students would exceed the record set in 2019, which was AUD 41 billion (Home) (ICEF Monitor).
We have examples of successful people who made their lives but a large number failed and failed in life to make a better living.
For those considering studying abroad.? Settlement must be the 2nd or 3rd priority. If your 1st priority getting a good degree and international experience, then you have a lot of good companies to choose from and can avoid these A and B .