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 1 Big Country SHRM 2014
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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. Environmental Issues NACE/OOH/Recruiting Trends/Other - PowerPoint PPT Presentation
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Employer Perceptions of Labor Market Trends When Hiring Recent College
Graduates
Presented by:Dr. Malcolm Coco, PHRDirector of Internships
College of Business AdministrationAbilene Christian University
• 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%
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Top 5 Key Recruiting Strategies for Employers
Intern & Co-ops Hourly Wages
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*National average $14.00/hr.
Percentage of Employers Using ‘Campus Oriented’ Recruiting Strategies
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(CareerLink)
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%)
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53%
31%
9%
4% 3%
Very BeneficialBeneficialSomewhat BeneficialSlightly BeneficialNot at all Beneficial
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Is Networking Beneficial?
Enjoying what I do 4.8Integrity of organization (moral and ethical grads) 4.7
(treats employees & customers with honesty and fairness) Stability (provides secure future for promotions and layoffs) 4.6Ethical business practices 4.5
(doesn’t cut corners or break any laws)
Good benefits package 4.5Continuing education/training opportunities 4.4Opportunity for advancement 4.4Co-workers 4.1Job location 4.0
High starting salary 3.9
(5-point scale, where 1 is “not at all important” and 5 is “very important”)
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Criteria For Choosing An Employer
Who’s Most Helpful In The Job Search
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Career Services
Friends Faculty Parents Relatives Alumni Services
00.5
11.5
22.5
33.5
4
(5 point scale, where 1 is “not helpful and 5 is “very helpful”)
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Screen Candidates by GPA
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Employers Rate the Importance of Candidate Skills/Qualities
/work ethic
• 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)
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Skills And Competencies PossessedBy The Best New Employees
• BBA• Leadership 80%• Business Writing 76%• Business Language 72%• Organizational Behavior 72% (tie)• Business Ethics 68%
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Top Five Skills Employers Desire
• 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
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Internship Completion History
Intern & Co-op Facts
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• 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.
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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 and co-ops)· Extracurricular activities (leadership development)
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Mean % Rated 1 or 2
Experience 2.35 65Academic Major 2.51 54Leadership Experience 3.24 38Grade Point Average 3.55 23Basic Computer Skills 4.26 12Technical Computer Skills 4.69 14
• 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
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Make Great First Impressions At Local Job Fairs and Professional and Civic Meetings
• 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
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Make Great First Impressions (Cont…)
No Influence Slight Influence Strong InfluenceGrooming 7% 23% 70%Non-traditional Interview/Attire
• 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
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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
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Make Great First Impressions (Cont…)
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
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How To Meet Expectations and Keep Your Job
• Communicate well both verbally and in writing• Be a team 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
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Meet Expectations (cont…)
Presented by:Dr. Malcolm Coco, PHRDirector of Internships
College of Business AdministrationAbilene Christian University