Stay in School…No Really, Stay in School

College student thinking about what course to take. Photo courtesy of Shutterstock.

The collegiate degree is the new high school diploma. What does that mean? That means that employers who used to be happy with a simple high school diploma are now requiring candidates—even those for low paid entry level positions—to have a college degree. This means that college isn’t really optional anymore.

Of course, that doesn’t mean that you don’t still have a lot of wiggle room when choosing your field of study. Most employers, with the exceptions of a few highly specialized industries like medicine, engineering and teaching, do not really care what kind of degree you have, as long as you have one. So why not consider one of the following degree programs? Continue Reading

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.

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Increased Suit Sales May Mean More Interviews; Hiring Activity Continues

Is the recession helping Men’s Warehouse sell more suits? The Houston-based tuxedo and suit retailer reported better-than-expected second-quarter earnings, thanks in part to increased sales.

While there was no indication from the company as the reason behind the increased sales, workplace authority John Challenger believes it could be a surge in suit-buying by out-of-work Americans trying to look their best for job interviews. “After years of many workplaces going casual, a trend that hurt suit retailers, job seekers wanting to dress up for interviews don’t have anything in their closet that fits or is in fashion. So, they are heading out to restock their suit collections. Places like Men’s Warehouse that offer good value are going to do better than high-end retailers selling $1,000 suits,” noted Challenger. With the job market so competitive, is it important to dress up for interviews? Are dress codes in the office returning to a more formal or traditional business attire because of the economy?

A look at the monthly employment figures from the government can be somewhat disheartening for the millions of job seekers hoping to land a position in the slowly recovering economy. After all, total non-farm payrolls suffered a net loss of 54,000 jobs in August while private payrolls grew by only 67,000, well short of the growth needed to make a dent in unemployment. If you are in an industry like construction, manufacturing or retail, the picture looks even worse. Construction added 19,000 jobs after two months of losses totaling 13,000 jobs. Manufacturing payrolls fell by 27,000 last month while retailers’ payrolls shrank by nearly 5,000. Looking at those numbers, one might simply assume that there are no jobs available in these industries. However, that is not the case.

While it is true that employers in these areas lost more employees than they gained, there was still plenty of hiring. The Bureau of Labor Statistics latest Job Openings and Labor Turnover survey provides a clearer picture of hiring activity, albeit a month behind the other employment data. In July, for example, the report shows that construction companies hired 351,000 new people, up from 289,000 a month earlier. Additionally, there were another 76,000 job openings that were left unfilled at the end of the month. Manufacturers hired 294,000 in July and had 228,000 more openings. Retailers hired 603,000 and still had nearly 300,000 openings to fill heading into August. So, yes, payrolls are still showing net losses, but these numbers show that hiring is occurring.

It is critical that job seekers not give up or even let up on their searches due to the assumption that no jobs are available. What can job seekers do to improve their chances of being one of the people hired? Are all of the job openings reported by employers advertised in the help wanted sections or online? If not, what can job seekers do to uncover this hidden job market?