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Employer Perceptions of Labor Market Trends When Hiring Recent College Graduates. Big Country SHRM 2014. Presented by: Dr . Malcolm Coco, PHR Director of Internships College of Business Administration Abilene Christian University. Environmental Issues NACE/OOH/Recruiting Trends/Other

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Employer perceptions of labor market trends when hiring recent college graduates

Employer Perceptions of Labor Market Trends When Hiring Recent College Graduates

Big Country SHRM 2014

Presented by:

Dr. Malcolm Coco, PHR

Director of Internships

College of Business Administration

Abilene Christian University

Big Country SHRM 2014


Environmental Issues Recent College Graduates

NACE/OOH/Recruiting Trends/Other

  • Production vs. service industry (Mexico 500K/2010)

  • Competition from international companies (China $0.12/hr; Mexico $5.18/day [Zone A]; $4.91/day[Zone B])

  • Workforce availability/Economy 2006

  • Downsizing/rightsizing

  • Fortune 500 survey- goal of business owners is to find, hire, and retain quality workers

  • Business owners want workers to begin work with minimal time for training

  • Everything in business can be duplicated-but…

Big Country SHRM 2014


Average annual salary
Average Annual Salary Recent College Graduates

Big Country SHRM 2014


Unemployment rates
Unemployment Rates Recent College Graduates

Big Country SHRM 2014


Hiring expectations by region
Hiring Expectations by Region Recent College Graduates

Big Country SHRM 2014


Proposed hiring increases for 2013 ooh
Proposed Hiring Increases for 2013 OOH Recent College Graduates

Big Country SHRM 2014


Unengaged workforce
Unengaged Workforce Recent College Graduates

“76% of younger workers plan to find a new job as the economy improves.”

- Harvard Business Journal

67% of workers are not satisfied with their jobs.

-Gallup

Big Country SHRM 2014


Top business degrees in demand
Top Business Degrees in Demand Recent College Graduates

/HR

Big Country SHRM 2014


Technology and the workplace
Technology and The Workplace Recent College Graduates

75% of all current organizations have employees who work remotely

45% anticipate increasing that number

There were 9.1 million part-time virtual workers as of October of 2012,

a 300% increase in 10 years.

Big Country SHRM 2014


Multi nationals employment
Multi-nationals Employment Recent College Graduates

Employ 1 0f 7 U.S. workers

Since 2000 they have

Shed 2.9 million U.S. workers

Hired 2.4 million workers overseas.

In the next 5 years, 2 million financial

services jobs will be moved abroad;

in the next 15 years, 3 million service

sector jobs will move overseas.

Big Country SHRM 2014


Where are the jobs going
Where Are the Jobs Going? Recent College Graduates

  • 88% of firms report they got better value for their money overseas

  • 71% said overseas workers did better quality work

Millions

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In 2012, the U.S. was short Recent College Graduates3 million skilled workers in the manufacturing sector alone.

Unemployed - lose competency/need retraining.

Big Country SHRM 2014


Occupational outlook handbook
Occupational Outlook Handbook Recent College Graduates

*Note: Much faster than average growth

Big Country SHRM 2014


2014 starting salary offers
2014 Starting Salary Offers Recent College Graduates

NACE Recruiting Trends

  • Accounting $41,300 $44,327

  • Finance $42,200 $44,605

  • Marketing/Marketing Mgmt $36,400 $40,658

  • Human Resource $39,430 $41,501

Big Country SHRM 2014


Top 5 key recruiting strategies for employers
Top 5 Key Recruiting Strategies for Employers Recent College Graduates

  • Campus Oriented

    • Internship/Co-op Programs 62%

    • Career Fairs 61%

    • Information Sessions 47%

    • Resume Referral 46%

    • Faculty Connections 41%

  • External Agents

    • National Web Sites 52%

    • Targeted Job Fairs 29%

    • General Job Fairs 28%

    • Ads (professional outlets) 27%

    • Consultants 22%

Big Country SHRM 2014


Intern co ops hourly wages
Intern & Co-ops Hourly Wages Recent College Graduates

*National average $14.00/hr.

Big Country SHRM 2014


Percentage of employers using campus oriented recruiting strategies
Percentage of Employers Using ‘Campus Oriented’ Recruiting Strategies

(CareerLink)

Big Country SHRM 2014


Common measures to evaluate recruiting program
Common Measures to Evaluate Recruiting Program Recruiting Strategies

  • Full-time offer acceptance rate (27%)

  • Retention after one year (27%)

  • Offer rate (22%)

  • Retention after 5 years (21%)

  • Cost per hire (19%)

  • Intern/co-op conversion rate (17%)

Big Country SHRM 2014


Is networking beneficial
Is Networking Beneficial? Recruiting Strategies

Big Country SHRM 2014


Criteria for choosing an employer
Criteria For Choosing An Employer Recruiting Strategies

Enjoying what I do 4.8

Integrity of organization (moral and ethical grads) 4.7

(treats employees & customers with honesty and fairness)

Stability (provides secure future for promotions and layoffs) 4.6

Ethical business practices 4.5

(doesn’t cut corners or break any laws)

Good benefits package 4.5

Continuing education/training opportunities 4.4

Opportunity for advancement 4.4

Co-workers 4.1

Job location 4.0

High starting salary 3.9

(5-point scale, where 1 is “not at all important” and 5 is “very important”)

Big Country SHRM 2014


Who s most helpful in the job search
Who’s Most Helpful In The Job Search Recruiting Strategies

(5 point scale, where 1 is “not helpful and 5 is “very helpful”)

Big Country SHRM 2014


Screen candidates by gpa
Screen Candidates by GPA Recruiting Strategies

Big Country SHRM 2014


Employers rate the importance of candidate skills qualities
Employers Rate the Importance of Candidate Skills/Qualities Recruiting Strategies

/work ethic

Big Country SHRM 2014


Skills and competencies possessed by the best new employees
Skills And Competencies Possessed Recruiting StrategiesBy The Best New Employees

  • Possesses energy, drive, enthusiasm and initiative

  • Quick learner, asks questions, rapidly adapts to the working world

  • Excellent working knowledge of computers; established word processing, spreadsheet, database and presentation software competencies

  • Good writing skills and excellent oral communication skills

  • Strong organizational and leadership skills

  • Team-spirited, understands group dynamics (Team Assign)

  • Willing to learn the organization’s business from the most menial tasks and starting at the bottom (Get your foot in the door)

Big Country SHRM 2014


Top five skills employers desire
Top Five Skills Employers Desire Recruiting Strategies

  • BBA

  • Leadership 80%

  • Business Writing 76%

  • Business Language 72%

  • Organizational Behavior 72% (tie)

  • Business Ethics 68%

Big Country SHRM 2014


Internship completion history
Internship Completion History Recruiting Strategies

  • 1980- 3% completed internships

  • 2000-75% completed internships

  • 2010- 90% with 2/3 completing 2 or more

  • 60% of 2013 Recruiting Trends respondents said they would be hiring interns.

  • Run, don’t walk!

Big Country SHRM 2014


Intern co op facts
Intern & Co-op Facts Recruiting Strategies

  • 57% of employers prefer internships/co-ops for work experience.

  • The average hourly wage for internships/co-ops is $14.00.

  • 57% of respondents on a national survey said that identifying and developing talent was the primary purpose of internships.

  • Over 60% of employers hosting interns last year said they were going to hire interns.

Big Country SHRM 2014


Ranking Of Key Candidate Characteristics Recruiting Strategies

Respondents were prompted to add one candidate characteristic to this list.

From the responses, these characteristics were considered most frequently:

·       Communications skills (writing, speaking, listening)

·       Interpersonal skills (understand others in diverse workplace)

·       Work experience (internships andco-ops)

·       Extracurricular activities (leadership development)

Big Country SHRM 2014


Make great first impressions at local job fairs and professional and civic meetings
Make Great First Impressions At Local Job Fairs and Professional and Civic Meetings

  • Look good on paper:

    • Carry multiple copies of your grammatically correct resume

    • Limit your resume to one page

    • Look professional and emphasize your skills

    • Make the format easy to read

    • “Prufread” it

Big Country SHRM 2014


Make great first impressions cont
Make Great First Impressions ( Professional and Civic MeetingsCont…)

  • Look professional: (head to toe)

    • Be Well Groomed

    • Dress appropriately

    • Dress conservatively (always safe if in doubt)

    • Don’t forget to shine your shoes (no flip-flops)

    • Non-verbal communication

Big Country SHRM 2014


How looks influence an employer s opinion
How Looks Influence An Employer’s Opinion Professional and Civic Meetings

Big Country SHRM 2014


Make great first impressions cont1
Make Great First Impressions ( Professional and Civic MeetingsCont…)

  • Know how to sell yourself:

    • When asked: “So tell me about yourself”, have a one minute commercial ready (bump/elevator briefing)

    • Try it on family members, friends, or even just in front of the mirror

    • Be a good listener and maintain eye contact

    • Stay focused, provide only pertinent information, and don’t give them your life story

Big Country SHRM 2014


Make great first impressions cont2
Make Great First Impressions ( Professional and Civic MeetingsCont…)

  • Do your research:

    • Have a mental list of prepared questions. Show that you are interested (could be the tie breaker)

    • Be prepared-leave focus on the essential job elements of the job description

    • Leave your pet, kids, mother, or significant other at home

    • Prepare for a behavioral interview

Big Country SHRM 2014


How to meet expectations and keep your job
How To Meet Expectations and Keep Your Job Professional and Civic Meetings

Corporations are extremely sensitive to the bottom line. People are hired to produce results and to improve effectiveness and efficiency.

In short, they want people who:

  • Share the company’s goals and objectives

  • Project the company’s image

  • Understand the company’s products, goals, markets, and customers

  • Are flexible and have a range of skills

  • Are persistent, reliable, thorough, and able to meet deadlines (my class)

  • Demonstrate initiative and a good grasp of what needs to be done

Big Country SHRM 2014


Meet expectations cont
Meet Expectations ( Professional and Civic Meetingscont…)

  • Communicate well both verbally and in writing

  • Be ateam players

  • Stay up-to-date in their fields (Professional Organizations)

  • Care about quality

  • Leave personal problems at home

  • Are not overconfident, but somewhat humble

  • Don’t watch the clock (show up early/stay late)

  • Manage time smartly

Big Country SHRM 2014


Presented by: Professional and Civic Meetings

Dr. Malcolm Coco, PHR

Director of Internships

College of Business Administration

Abilene Christian University

Big Country SHRM 2014


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