1/6/2017. College Employment. Career Advice Economy. Dan Schawbel Author of Promote Yourself & Me 2.0

Transcription

1 Dan Schawbel Author of Promote Yourself & Me Economy College Employment Career Advice 1. The economy is rebounding Compensation expected to rise 3% Unemployed rate is down to 4.6% Employee tenure is down to 4.2% 2. The talent gap is growing 5.5 million job openings in the U.S. 60% of businesses around are unable to find skilled candidates. 3. Retention is the #1 HR issue 22% of employees are planning to change jobs in % of HR said that retention is a high or critical priority. 1

2 Job outlook hiring projections Employers' hiring expectations (Those that said increasing ) % 50.80% 47.50% 48.60% 46.40% 40.10% 5.8% 36.30% 11% % Fall Spring NACE surveyed 169 member organizations between August 5 th and October 4 th Economy College Employmen t Career Advice What majors are you recruiting? (HR) What is your college major? (Students) 30.0% 1/3 rd of students have changed their major to become more employable. 16.7% 18.0% 13.2% 10.0% 5.3% 5.2% 8.0% 6.5% 2.0% Engineering and Computer Information Systems Marketing Finance and Economics Accounting Liberal arts 2

3 The amount of time a Job Seeker spends on resume submissions 1 or more hours The amount of time HR spends on resume submissions Less than 15 minutes 30 minutes or less Less than 1 hour 30 minutes or more 0% 20% 40% 60% 80% 0% 20% 40% 60% 80% Future Workplace & CareerArc surveyed 826 U.S. job seekers and 374 HR professionals on June 14 th, When hiring a recent college graduate, what carries the most weight? HR Recent Grads 69.39% 54.74% 57.14% 37.08% 44.90% 42.69% 38.78% 49.85% 32.65% 44.11% 30.61% 38.36% 26.53% 33.18% Internship experience Cultural fit Referral from previous boss or professor Relevant courses GPA Leadership positions in oncampus organizations Entrepreneurship experience Recent Grad Preparedness: 87% of workers feel well prepared for their job upon graduation from college. 50% of managers feel that employees who recently graduated from college are well prepared for the workforce. Preparedness by Generation: 55% of Millennial managers feel that recent college graduates are well prepared compared to older managers (47% of Gen X and 48% of Baby Boomers) Future Workplace & PayScale surveyed 63,924 U.S. managers and 14,167 recent college graduates between March 2014 and

4 The top skills that recent graduates lack 1. Problem solving (60%) 2. Attention to detail (56%) 3. Communication (46%) 4. Ownership (44%) 5. Leadership (44%) The best emerging skills: 1. Scala (22%) scalable programming language 2. Go (20%) open source language by Google 3. Apache Hadoop (12%) open source software framework for distributed storage 4. ios SDK (11%) - software development kit by Apple 5. Big data analytics (11%) Future Workplace & PayScale surveyed 63,924 U.S. managers and 14,167 recent college graduates between March 2014 and 2016 What type of candidates do you believe become the most effective employees? Active job seekers 58.10% Referral candidates 79.10% HR professionals also say the benefits of hiring a passive over an active job seeker one include: 1. They have more experience (44%) 2. They possess valuable skills (44%) 3. They take their careers seriously (42%) 80.0% What are your top resources for finding candidates? 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% Banner ads Mobile Newspaper Staffing Internal Job/Career Social media Corporate Employee Job boards applications ads agencies hires fairs career site referrals 4

5 What are your top three emerging recruiting strategies? 71.60% 56.90% 45.90% 49.50% 35.80% 40.40% Text message campaigns Video interviewingpredictive analytics Mobile enabled applications Job candidate exercises & challenges Social media campaigns More video interviews and skills assessments ~1 to 3 weeks interview process ~2 to 5 rounds of interviews Phone interviews before in-person ones What can students do to stand out in your recruiting process? (Please rank from 1 to 8, 1 being the most important thing a professional can do to stand out) Bring a business card Bring a published piece they ve written Advertise themselves online Build their digital presence Network within the company before applying Bring a case study showing results from a project Bring a portfolio of work Learn as much as possible about your company

6 2017 Economy College Employmen t Career Advice Top Resources For Internships 1. College career center (58%) 2. Job boards (41%) 3. Career fairs (34%) 6

7 7

8 8

9 9

10 danschawbel.com/books millennialbranding.com/2014/co llege-career-center-study 10