Employer perceptions of labor market trends when hiring recent college graduates
1 / 36

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

  • 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

I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.

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

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

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

Big Country SHRM 2014

Unemployment Rates

Big Country SHRM 2014

Hiring Expectations by Region

Big Country SHRM 2014

Proposed Hiring Increases for 2013 OOH

Big Country SHRM 2014

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.


Big Country SHRM 2014

Top Business Degrees in Demand


Big Country SHRM 2014

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

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?

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

  • 71% said overseas workers did better quality work


Big Country SHRM 2014

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

*Note: Much faster than average growth

Big Country SHRM 2014

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

  • 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

*National average $14.00/hr.

Big Country SHRM 2014

Percentage of Employers Using ‘Campus Oriented’ Recruiting Strategies


Big Country SHRM 2014

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?

Big Country SHRM 2014

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

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

Big Country SHRM 2014

Screen Candidates by GPA

Big Country SHRM 2014

Employers Rate the Importance of Candidate Skills/Qualities

/work ethic

Big Country SHRM 2014

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

  • BBA

  • Leadership 80%

  • Business Writing 76%

  • Business Language 72%

  • Organizational Behavior 72% (tie)

  • Business Ethics 68%

Big Country SHRM 2014

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

  • 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

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

  • 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…)

  • 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

Big Country SHRM 2014

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 (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

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…)

  • 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:

Dr. Malcolm Coco, PHR

Director of Internships

College of Business Administration

Abilene Christian University

Big Country SHRM 2014

  • Login