Employer perceptions of labor market trends when hiring recent college graduates
This presentation is the property of its rightful owner.
Sponsored Links
1 / 36

Employer Perceptions of Labor Market Trends When Hiring Recent College Graduates PowerPoint PPT Presentation


  • 87 Views
  • Uploaded on
  • Presentation posted in: General

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

Download Presentation

Employer Perceptions of Labor Market Trends When Hiring Recent College Graduates

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


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


Employer perceptions of labor market trends when hiring recent college graduates

Environmental Issues

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

Big Country SHRM 2014


Unemployment rates

Unemployment Rates

Big Country SHRM 2014


Hiring expectations by region

Hiring Expectations by Region

Big Country SHRM 2014


Proposed hiring increases for 2013 ooh

Proposed Hiring Increases for 2013 OOH

Big Country SHRM 2014


Unengaged workforce

Unengaged Workforce

“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

/HR

Big Country SHRM 2014


Technology and the workplace

Technology and The Workplace

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

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?

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

  • 71% said overseas workers did better quality work

Millions

Big Country SHRM 2014


Employer perceptions of labor market trends when hiring recent college graduates

In 2012, the U.S. was short 3 million skilled workers in the manufacturing sector alone.

Unemployed - lose competency/need retraining.

Big Country SHRM 2014


Occupational outlook handbook

Occupational Outlook Handbook

*Note: Much faster than average growth

Big Country SHRM 2014


2014 starting salary offers

2014 Starting Salary Offers

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

  • Campus Oriented

    • Internship/Co-op Programs62%

    • Career Fairs61%

    • Information Sessions47%

    • Resume Referral46%

    • Faculty Connections41%

  • External Agents

    • National Web Sites52%

    • Targeted Job Fairs29%

    • General Job Fairs28%

    • Ads (professional outlets)27%

    • Consultants22%

Big Country SHRM 2014


Intern co ops hourly wages

Intern & Co-ops Hourly Wages

*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

  • 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?

Big Country SHRM 2014


Criteria for choosing an employer

Criteria For Choosing An Employer

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

(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

Big Country SHRM 2014


Employers rate the importance of candidate skills qualities

Employers Rate the Importance of Candidate Skills/Qualities

/work ethic

Big Country SHRM 2014


Skills and competencies possessed by the best new employees

Skills And Competencies PossessedBy 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

  • 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

  • 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

  • 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


Employer perceptions of labor market trends when hiring recent college graduates

Ranking Of Key Candidate Characteristics

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 (Cont…)

  • 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

Big Country SHRM 2014


Make great first impressions cont1

Make Great First Impressions (Cont…)

  • 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 (Cont…)

  • 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

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 (cont…)

  • 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


Employer perceptions of labor market trends when hiring recent college graduates

Presented by:

Dr. Malcolm Coco, PHR

Director of Internships

College of Business Administration

Abilene Christian University

Big Country SHRM 2014


  • Login