1.8 Million 2013 Four-Year College Grads Entering Improving Job Market

John Challenger of Challenger, Gray & Christmas

With college seniors around the nation returning to their respective campuses following spring break recess, many will undoubtedly turn their attention to their impending graduation and the search for their first post-collegiate job.  A new analysis of the entry-level job market estimates that while the job market continues to strengthen for college graduates, the environment remains highly competitive, which may force some to pursue unexpected career paths.

In its annual college graduate job-market outlook, global outplacement consultancy Challenger, Gray & Christmas, Inc. says this year’s crop of 1.8 million bachelor’s degree recipients will be able to take advantage of the 36 consecutive months of private-sector employment growth that has occurred since the jobs recovery began in earnest in March 2010.

“Job creation has been slow, but it has been steady.  Over the past 14 months, private payrolls have grown by an average of 190,000 new workers per month.  There are a growing number of opportunities for job seekers, but the search definitely requires an aggressive approach.  This is especially true for new graduates, who are likely to have less real-world experience to point to in job interviews,” said John A. Challenger, chief executive officer of Challenger, Gray & Christmas. Continue Reading

41% of Employers Suffering Loss of Productivity Due to Difficulty Hiring for I.T., Sales, Engineering, Other Positions

Matt Ferguson, CEO of Careerbuilder

The growing deficit of skilled labor needed to fill in-demand jobs is causing a drag on employers across the globe. A significant number of employers in the ten largest world economies said that extended job vacancies have resulted in lower revenue and productivity and the inability to grow their businesses. Employers in China were the most likely to report having open positions they cannot fill and corresponding negative effects on their company performance. Russia houses the largest percentage of employers reporting a revenue shortfall tied to extended job vacancies while the U.S. is among those most likely to report a productivity loss. Japan ranked high among those who said the inability to find skilled talent has impeded expansion of their businesses.

The global CareerBuilder survey, conducted online by Harris Interactive^© from November 1 to November 30, 2012, included more than 6,000 hiring managers and human resource professionals in countries with the largest gross domestic product.

“The inability to fill high skill jobs can have an adverse ripple effect, hindering the creation of lower-skilled positions, company performance and economic expansion,” said Matt Ferguson, CEO of CareerBuilder. “Major world economies are feeling the effects of this in technology, healthcare, production and other key areas. The study underlines how critical it is for the government, private sector and educational institutions to work together to prepare and reskill workers for opportunities that can help move the needle on employment and economic growth.” Continue Reading

Do You Want “Mathemagical Superpowers?” Prepare for an Emerging Career in Data Analytics

Sharon Jones of Career Thought Leaders

The movie Moneyball showed Oakland Athletics’ use of performance data to recruit talented baseball players with good ROI. The new big thing is fanalytics, applied to a wide range of sports: basketball, hockey, motorsport, tennis, and more.

Bill Wilson (sports fan and recovering lawyer) wrote a blog about the MIT Sloan Sports Analytics Conference:

Geeks Seek Reap From Tweeps in Seats (brewonsouthu@yahoo.com)

Doug Henschen, executive editor of InformationWeek, wrote that analytics are used in decision-making from “ticket and merchandise sales to labor agreements to player contracts, to TV and digital media deals.”

Computer modeling enabled meteorologists to give a heads-up warning to government agencies about Hurricane Sandy. The presidential and Senate race outcomes were accurately predicted by statistician Nate Silver and neuroscientist Sam Wang, respectively.

Healthcare providers seek data scientists at all levels to lower costs, improve patient care, provide pricing transparency, and enhance treatment decisions consistent with best practices.

“Data is the new oil.” Continue Reading

Companies to Grant 1,100 Scholarships in 2013

It is not too late to apply for the following scholarship opportunity.

The Buick Achievers Scholarship Program, funded by the General Motors Foundation, will accept applications for 2013 scholarships through 5 p.m. EST on Thursday, Feb. 28.

This is the third year the 1,100 Buick Achiever Scholarships will be awarded to students who excel in both the classroom and in the community and are pursuing degrees in engineering, design, information technology and business-related majors in the auto industry. Continue Reading

Optimism By Employers: India Most and Italy Least

Matt Ferguson, CEO of Careerbuilder

A new job forecast for the 10 largest world economies tells a tale of both confidence and caution. Brazil and India are voicing the greatest confidence with more than two-thirds of employers in these markets planning to add full-time, permanent headcount in 2013. Italy is the least optimistic, housing more employers who expect to decrease staff than those who expect to hire.

“The job outlook presents varying degrees of growth and deceleration as governments and businesses strive to rebuild and expand and deal with large deficits,” said Matt Ferguson, CEO of CareerBuilder. “Hiring activity in the BRIC countries (Brazil, Russia, India and China) is projected to be significantly higher than other markets while recruitment in Europe remains sluggish as leaders struggle to resolve a debt crisis that has global implications. The overall hiring picture is improving, but companies will remain watchful as they navigate headwinds and maneuver through somewhat precarious economic terrain.” Continue Reading

Discover the Best Graduate Degree for Emerging Careers

Sharon Jones of Career Thought Leaders

Are you looking for a way to qualify for “hot jobs” in a poor economy?

Instead of aiming for a graduate or professional degree which personally interests you (folklore or film, anyone?) or impresses friends and family (M.D, MBA, J.D.), let’s consider more objective criteria:

1. New and emerging occupations
2. Positive job market outlook
3. Good return on investment
4. Breadth and depth; interdisciplinary with focus
5. Experiential (internship, co-op, or capstone component) Continue Reading

8 College Degrees That Will Earn Your Money Back

54% of Employers Plan to Hire Recent College Grads

The college graduating class of 2012 is heading into a better job market than alumni of the previous three years, according to a new study. More than half of employers (54 percent) reported they plan to hire recent college graduates in 2012, up from 46 percent in 2011, 44 percent in 2010 and 43 percent in 2009. The national survey, which was conducted by Harris Interactive from February 9 to March 2, 2012, included more than 2,000 hiring managers across industries and company sizes.

“This is the first time since the recession that we’re seeing a majority of employers planning to add recent college graduates to their employee roster,” said Brent Rasmussen, President of CareerBuilder North America. “Companies across industries are placing a strong emphasis on recruiting fresh talent for technology-related roles and positions designed to drive revenue – and they’re willing to pay more for high-skill, educated labor.”

How much will college grads likely earn?

Of those who plan to hire recent college graduates, 29 percent expect to offer higher starting salaries than they did in 2011. While employers were most likely to report that they would pay between $30,000 and $40,000, a significant portion will extend offers exceeding $50,000. Continue Reading

Engineering Interns Paid Most at $20.79/Hour

Bachelor’s degree level students studying engineering and computer science command the highest average wages among paid interns, according to a new study published by the National Association of Colleges and Employers (NACE).

Overall, employers taking part in NACE’s 2012 Internship & Co-op Survey reported paying their engineering major interns an average of $18.54 per hour, and computer science/IT major interns an average of $17.77.

Continue Reading

94% of Employers Okay With Candidates Who Took Lower Level Jobs During Recession

The vast majority of employers – 85 percent – reported that they are more understanding of employment gaps post-recession. Nine-in-ten (94 percent) said they wouldn’t think less of a candidate who took a position during the recession that was at a lower level than the one he/she previously held. The survey was conducted by Harris Interactive© among more than 3,000 employers across industries and company sizes.

“More than 5 million workers in the U.S. have been unemployed for six months or longer, according to the Bureau of Labor Statistics,” said Rosemary Haefner, Vice President of Human Resources for CareerBuilder. “While job seekers have voiced concern over how they may be perceived if they’ve been out of work for a while or took a job for which they were overqualified to make ends meet, the study shows employers understand the tough challenges the economy has created for workers. What is most important to employers is that workers show they have stayed active in sharpening their skills.” Continue Reading