College graduates this spring should have an easier period finding a job than last year’ s i9000 class, according to a new survey in the National Association of Colleges plus Employers.
Employers responding to the survey said they be prepared to hire 8. 6 percent more graduates from the class of 2014 for their U. S. operations than they had initially planned. That’ s i9000 an increase in projected hiring more than that recorded for the class of 2013, when businesses surveyed likely to hire only 2 . 1 percent really that year’ s grads than they planned for.
“ It shows some company optimism in the job market, ” stated Dan Black, president of NACE and the Americas director of recruiting at EY (formerly Ernst & Young).
Black said that because businesses tend to be conservative in their outlook, the actual number of grads obtaining jobs could be higher.
“ The students graduating this particular spring have had front-row seats to some soft economy, ” Black additional. “ But we’ ve noticed more employers recruiting on campuses around the country, and I think this will lead to jobs. ”
The survey, released last month, covered multiple industries. Companies included had been Ernst & Young, Dick’ s i9000 Sporting Goods, Macy’ s, Burlington Stores, Hallmark Cards, Merck, Caterpillar, Duane Reade, The Bank of New York Mellon, Union Pacific Railroad as well as federal government agencies like the U. S. comptroller of the currency and the California state auditor. The survey was delivered to 1, 015 employers, of which 161 or 15. 9 percent replied. By region, 21. 7 percent of respondents are from the Northeast, 28 percent are from the S.e., 31. 7 percent are in the Midwest, and 18. 6 percent are from the West.
More than half of hiring employers reported strong interest in bachelor’ s diploma graduates in accounting and various business fields as well as engineering plus computer sciences. More than half also be prepared to hire master’ s level applicants, including MBAs.
Some other survey highlights:
Nearly half of respondents—48. 4 percent—say they are increasing their college hiring; lower than 30 percent plan to cut back.
Nearly all responding employers always recruit and hire this springtime; less than 10 percent say that they concluded their college hiring in fall 2013.
Nearly two-thirds say they are hiring for full-time and internship positions this springtime.
Among the skills plus qualities most coveted by companies:
The ability to make decisions and solve problems ranked highest among employers. Next was the ability to verbally communicate with people inside plus outside the organization.
Just as important as verbal skills was the ability to obtain and process details. The lowest-rated skill and quality was the ability to sell or impact others.
The early view for the class of 2015 appears promising, according to the survey. Approximately 43 percent of employers say they expect to hire more 2015 grads during their fall 2014 recruiting period than they did in fall 2013.
“ Ninety-percent of recruiting happens in the fall season of a college student’ s i9000 last year, ” explained NACE’ s i9000 Black. “ Graduates should really concentrate on getting a job then. ”
While a college degree might help get a job, it doesn’ t necessarily mean a good salary. According to a written report released last month by the Bureau of Labor Statistics, some 260, 000 workers with bachelor’ s i9000 degrees and 200, 000 workers with associate’ s degrees make the minimum wage.
The federal minimum wage is definitely $7. 25 an hour, and the minimal wage for tipped workers is definitely $2. 13 an hour. Some towns and states have recently elevated their minimum wage, but the BLS report defines only those producing $7. 25 an hour or less as “ minimum wage workers. ”
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