matzos

  1. Both are flat.
  2. Both apparently have no hope of rising.
  3. They have no spice.
  4. They're full of holes.
  5. You don't want to be involved with either of them anymore than absolutely necessary.
  6. Pretend as much as you want that they're something better than what they are but they ain't.
  7. Even the ancient Egyptians would have nothing to do with them.
  8. They have an seemingly endless series of ripples.
  9. Even when consumed in small amounts they both give you indigestion.
  10. They're both too easily broken.

Less than a week ago I wrote that there have been exploding offers this year and will be more but there won't be as many as there were in the 2001-03 recession. An exploding offer is a job offer which an employer makes to a candidate, which the candidate accepts, and which the employer later rescinds usually because of changing economic conditions.

Today's Wall Street Journal includes an article about how a year ago law firms were falling all over each other to recruit and retain entry level lawyers for their summer associate programs (sort of like internship programs) and as first year associates (entry level lawyers). Now some of those same law firms are cutting back:

Continue reading "Here Come the Exploding Offers" »

A job offer which is extended by an employer, accepted by a candidate, and then rescinded by the employer is often referred to as an exploding offer. Here today yet gone tomorrow.

There were a lot of exploding offers in the recession earlier this decade. College students who turned down great offers during the fall recruiting season in favor of even better offers were understandably devastated when spring rolled around and they received word that their employer had deferred their start date by months or sometimes even rescinded their job offer. Career service office professionals were livid and many banned the offending employers from conducting on-campus recruiting for a year or more. The lack of talent entering the management ranks of the employers seriously impaired and sometimes even crippled the employers five years later when the classes of 2001-03 would have been entering the ranks of middle and upper management.

Continue reading "Why Today's College Students Need Not Fear Exploding Offers" »

We recently surveyed job seekers and found that 64.1 percent of college students and recent graduates believing that it will take them three or fewer months to find a job if they were to start looking for a new job today. That level of pessimism is significantly stronger than it was in March when 73.5 percent expected to find a new job within three months or even February when 65 percent expected to find a new job within three months.

Source: Job Seekers More Pessimistic in April: CollegeRecruiter.com Job Seeker Confidence Index for April 2008

Anyone living outside of a cave or the Washington, D.C. beltway understands that there is a recession in the U.S. and that it is hurting those who are searching for a new job.

College students searching for internships and recent graduates hunting for entry level jobs are no exception. Although a healthy 59 percent of employers plan to hire college grads this spring and summer, that's 17 percent points down from a whopping 76 percent last year. In addition to the 59 percent, 29 percent aren't sure of their college hiring plans through the summer and that's nearly twice as many fence sitters as there were a year ago.

So is there any good news? Absolutely. Of the 59 percent who plan to hire, 73 percent plan to hire at least as many people as they did last year. That optimism is being met by the students as most members of the class of 2008 expect to receive at least two job offers upon graduation. The economy can't be all that bad if candidates are receiving multiple job offers.

Sources: Monster and RetiredBrains.com

brazen-careerist.jpgEconomists will tell you that a recession is defined as two consecutive quarters of negative economic growth, but most people on the street will tell you that the economy is in recession when they and their neighbors fear losing their jobs and their ability to pay their bills so they spend less on just about everything other than essentials and defer those purchases as long as possible. So are we in a recession? I suppose it depends on the definition but I've felt for months that the U.S. is in a recession.

There is no question that we are in an economic slowdown and let's assume for sake of discussion that we are in a recession. What does that mean for college students seeking internships and recent college graduates hunting for entry level jobs and other career opportunities? The answer is that it doesn't mean as much as you might expect. According to Penelope Trunk, author of The Brazen Careerist,

The health of today's job market is not so much a function of economic indicators as it is a function of demographic trends. There is a huge shortage of employees. Baby Boomers are retiring and Generation X and Y are less able to replace the Baby Boomers than had been anticipated; employers receive fewer hours of work per person from post-Boomers because of their focus on family (Generation X) and entrepreneurship (Generation Y). Due to these factors, the employee shortage is increasing, and only a knock-down-drag-out recession will change this sunshine outlook for employees.

In other words, as the current trickle of Baby Boomers exiting the employment market and entering the world of retirement turns first into a flow and then into a flood, demand by employers for replacement workers will increase. There simply aren't nearly enough Gen X'ers to replace those Boomers so employers will need to further accelerate their hiring of Gen Y'ers. So today's college students and recent graduates should be able to look this recession in the eye and understand that it will inconvenience many of them but do serious harm to few of them. For unlike past recessions, the changing demographics of the workplace should ensure that this recession does far more damage to the psyche of the consumer than the wallet of the job seeker.

Last week's rumors of an acquisition by onTargetJobs of the RegionalHelpWanted.com network of job boards and Cupid.com dating site proved to be true. It seems that niche job boards are consolidated almost as fast as they can be added. I have a lot of respect for the people behind both onTargetJobs and RegionalHelpWanted so this was a deal that really caught my attention. I am very confident that together they will deliver even greater value to their clients.

The parties did not disclose an acquisition price, but reports indicate that RegionalHelpWanted had revenues of about $35 million and that onTargetJobs paid about $100 million.

We recently conducted a survey and found that job seekers are increasingly pessimistic about how many more months it will take them to find a new job. Unfortunately, I'm starting to see more support for their pessimism including a report that people who are unemployed are unemployed for longer periods of time now than they have been in the past.

I really hope that we're not heading into a long or deep recession. The economic indicators are really mixed right now. The housing market is down yet exports are up. The labor market is softening yet we're still adding more new jobs each month than we're losing. Consumer optimism is down yet spending is up. What does this all mean? Those with crystal balls step to the front but I suspect we're teetering on the edge of heading further into recession or coming out of a short, mild recessionary period.

recession.jpgA recession can be defined as "a significant decline in general economic activity extending over a period of time." Are we in one? Yes, I believe that we are. But because economists must look backwards in order to measure economic activity, we won't know whether we're in a recession, how severe it is, or when we've come out of it until after the fact.

Why do I feel we're in a recession? Before I answer that directly let me tell you a little joke about how you know when you're in a recession. You know that we're in a recession when your neighbor loses his job. You know that we're in a depression when you lose your job. And you know when we're in a recovery when the president loses his job.

Continue reading "Are We In A Recession?" »

Well, that's what I hear from too many hiring managers and recruiters when I speak with them by phone, trade emails, and at recruiting conferences. The hiring managers tend to fall into two groups:


  1. Those who are frustrated by Millennials who accept a job offer but then quit within months to take a position that offers a bit more pay from an employer across the street.
  2. Those who are frustrated by Millennials who won't accept a job offer because the pay isn't enough even though the opportunity is otherwise perfect for them.

What's behind all of this? Massive student loan debt. The cost of college education has spiraled so far out of control that this generation is faced with a necessity to make good money, where previous generations preferred it but didn't need it. The job-hopping that Gen Y has been accused of doing is directly attributable to the irreconcilable differences between their needs and their wants. They need to make lots of money through their internships and entry level jobs upon graduation in order to pay off their student loans. But they want flexible time, lots of time off and lots of vacation time -- all those things that prohibit an employer from paying a lot of money.

Continue reading "Millennials Are Driving Me Crazy" »

Nice to see that a poll that we ran showed that college students who are hunting for internships and recent graduates who are looking for entry level jobs and other career opportunities are more optimistic in December than they were in November. Perhaps all of the doom and gloom in the mainstream media is overblown.

U.S. Army logoOne of the skills that is critical to the success of any entrepreneur or intrapreneur is the ability to see around corners. That is, to be better able to predict the relevant future than your competitors. Those who have the skill are at a huge advantage as they are able to better position themselves and their organizations than are their competitors. Corporate recruiters who want to peer around the corner to see what practices will soon be popular need only look at what the various branches of the U.S. military do, including the U.S. Army.

For decades, the Army has used the promise of money for college as a recruiting tool. But starting this January, their message will change. Rather than promising tens of thousands of dollars in money for college, the Army will instead promise up to $40,000 towards the purchase of a home or the creation of a business. And rather than directing the messages at the potential enlistees, the Army will direct a significant portion of the messages at the parents and other adult "influencers" of the enlistees. "If you want to get a soldier, you have to go through mom, and moms want to know what kind of future their children will have when they leave the Army," Lt. Col. Jeff Sterling, the program's architect, told the Wall Street Journal.

Continue reading "Army Targets Influencers: Why Don't All Employers?" »

I recently read a note posted to a recruiting discussion list saying, in part, that candidates who have time to be active on social networking sites aren't working and aren't of interest to him. I couldn't disagree with the author more on this point.

I suspect that the author was thinking about the typical Baby Boomer or Gen X candidate when he was writing his post. But 95 percent (that's the actual number) of college students and recent graduates are active users of Facebook. As these candidates progress through their careers, they will continue to be active users of social networking sites because those sites are as much a part of their lives as is TV for Gen X'ers. Even the busiest of Gen X'ers watches TV and the same holds true for Gen Y'ers: even the busiest of them uses social networking sites.

Continue reading "Why Employers Need to Embrace Social Networking" »

One in four high school students in the United States drops out or otherwise fails to graduate, a percentage which is considerably higher than many people think. That discrepancy is due in large part to contradictory but less reliable statistics issued by many governmental and non-governmental agencies.

The less reliable statistics are based upon the U.S. Census Bureau's Current Population Survey (CPS) and the National Center for Education Statistics' Common Core of Data (CCD) surveys. The CPS shows recent drop-out rates at about 10 percent, down some 40 percent for this Gen Y versus the previous Gen X drop-out rates. The CCD shows that high school completion rates, which are the flip side of the drop-out rates, have stayed steady at about 75 percent for decades.

Continue reading "One Quarter of High School Students Drop-out" »

I'm pleased to announce the launch of a new monthly service, the CollegeRecruiter.com Job Seeker Confidence Index. Each month we'll poll hundreds of candidates to better understand their level of optimism about the job market. We'll use the same question and offer the same answer options each month so that we'll be able to understand, over time, whether candidates are becoming more or less optimistic about their prospects of finding a new internship, entry level job, or other career opportunity.

We just posted the results for November and they look quite good. Almost 75 percent of respondents believe that it will take them three or fewer months to find a new job.

Employers which are concerned about retention know that retention and job satisfaction go hand-in-hand. So a recent study about the job satisfaction reported by Millennials should give all employers some pause.

According to the Emerging Workforce Study conducted by staffing firm Spherion, only 34 percent of 18 to 24 year olds rate their current level of job satisfaction as very good or better. That's the lowest job satisfaction rate in among all age groups in the American workforce.

The low job satisfaction rates are very troubling as they lead to job hopping and that leads to lower productivity for employers, higher prices for consumers, and perhaps even less solid open ice checks in the NHL. Well, perhaps not that last issue, but that still should be a concern to us all.

Forty-eight percent of these Millennials indicated that they were likely to leave their employers within the next 12 months. And they don't see this job hopping as a negative. Some 61 percent said that they have increased their career potential by periodically changing jobs. Even though they're at the beginning of their careers, already 56 percent are employed in a field different from that in which they were employed when they first entered the workforce.

Open source software, including web sites, allow customers, vendors, partners, and other third parties to add onto or customize the software that your firm offers. Think Facebook. Until this past spring, Facebook was closed source so any modifications or enhancements to their web site needed to be done by their developers. Then they moved to open source and within weeks doubled their traffic. Why? Because their millions of users became even more engaged with Facebook because Facebook became even more relevant to the needs and wants of its individual users. Call it mass customization.

Now Google and some partner sites are getting in on the act in an apparent attempt to fight back against the massive traffic moving to Facebook. As amazing as it is, Facebook, which didn't exist just a few years ago, is now the sixth most popular web site in the world. Google and its partners are opening some of their source code to encourage third party developers to create applications that will be able to run on any web site anywhere in the world. So unlike Facebook's strategy, which allows third parties to develop software to run on Facebook, Google's strategy seems to be in line with the adage of a rising tide lifts all ships. The more sites that use these new apps, the more engaged we'll all be with those sites. And because so many commercial web sites, including CollegeRecruiter.com, use Google to sell at least some of their banner advertising inventory, those rising ships will generate more traffic which will generate more ad impressions for Google to sell.

So why do I feel that Gen Y is largely responsible for this? Because they're powerful advocates of transparency. You can see it in how they approach their careers. They're going to post their nasties to their Facebook and MySpace pages and if you as the employer don't like knowing that they get drunk on the weekends, too bad. That just means that you weren't a good fit for them anyway. If Gen Y doesn't like your site or some aspects of your site, they're going to modify it through your open source program or they're going to abandon you. Anyone remember Friendster? While it continues to be popular overseas, it was replaced by MySpace and now Facebook as the social networking site of choice by Gen Y. And that move was due in large part to Gen Y being able to customize their presence on MySpace and Facebook more than they could on Friendster.

Transparency. Scary but exciting. Embrace it or perish.

On-line social networking utility Facebook just received a $240 million investment from Microsoft for 1.6 percent of Facebook's stock. That values Facebook at some $15 billion. Wow. Keep in mind that this site didn't exist four years ago and was started by a few college kids in a dorm room at Harvard. Heck, they didn't even have their own web server initially as they stole space and bandwidth from Harvard.

So what does this mean for candidates? More of the same. Facebook and sites like it provide tremendous opportunities and threats to college students searching for internships and recent graduates hunting for entry level jobs and other opportunities. But any financial rationing that Facebook was experiencing will now disappear so it will now be more free than ever to market itself, enhance its infrastructure, hire more staff, enter into more partnerships. The investment will, in short, accelerate Facebook's already tremendously accelerated growth. Students, recent graduates, and other candidates will find Facebook even easier and more enjoyable to use.

Because Facebook has virtually 100 percent penetration on-campus and is expanding its reach into people who graduated a few years ago or even many years ago, look for the average age of its user to increase from the current 25 years of age. The risque photographs and other content that caused Gen X'ers and Baby Boomers to tut tut their Gen Y children and grandchildren will now creep into the profiles of those same Gen X'ers and Baby Boomers, although probably not to the same degree. Employers who winced at seeing content that they traditionally have self-shielded themselves from will see more and from a broader cross section of candidates. The days of not seeing the face of your candidate until the interview are long past, so employers who are still clinging to that quaint tool to fight racial, gender, and other forms of discrimination better find other arrows in their quivers because like it or not, they'll be seeing more and more of those photos from an increasingly broad range of candidates.

One of my biggest concerns for Gen Y has been the rapidly escalating cost of attending college and the resulting huge student loan burden that they have. As a Gen X'er, when I graduated from college, my friends and I had some financial pressures too but ours were quite different. When we graduated, we knew that if we took jobs in low paying fields such as public service that we would have to live in apartments, probably have roommates, and drive old, inexpensive cars. Flash forward a generation. Gen Y's loans are often twice and sometimes four or even more times as large. I hear stories of students with loan balances so high that their take home pay from public service jobs would be less than their student loan payments. Students with loans that large can't afford to take those jobs, and that's a significant problem for society.

Thankfully, the recently enacted College Cost Reduction and Access Act provides an important incentive for students to enter public service. The law contains a section called the Public Service Loan Foregiveness program, which will forgive what could be tens of thousands of dollars of school debt per student. Under the law, public service is defined to include a wide range of fields such as public health, public education, working for a non-profit organization, serving in law enforcement, or working as a public-interest lawyer. The Department of Education needs to issue regulations to properly define exactly what fields qualify.

Continue reading "Student Loan Laws Now Encourage Public Service" »

We can probably file this blog entry in the "this isn't quite news but it is still interesting" category. A few weeks ago, private equity firm Veronis Suhler Stevenson announced a majority investment in on-line job board, Vault.com. My congratulations to both parties. I've long been a fan of Vault for the quality and quantity of employment-related content that they produce. We've also been around for about the same period of time. We went live 12 years ago. They followed a year later.

Just two short years ago, Vault laid off one third of its staff (25 people) in an effort to become profitable. I did some research on-line but wasn't surprised when I wasn't able to turn up any type of reliable profitability measurements for Vault. Is it profitable today? Probably. But it is certain that today, with its revenues reported to be $9.6 million, it is valued at $60 to $85 million. If so, that's a pretty rich revenue multiplier of 6.25 to 8.9 times as compared to some other niche job boards. For example, Dice Holdings, Inc., the owner of information technology niche job board Dice.com, is trading at 6.59 its annual revenues. All things being equal, a public traded company usually trades at a premium over privately held companies because investors prefer to be liquid.

Continue reading "Vault.com Acquired by Veronis Suhler Stevenson Private Equity Firm" »

Conventional wisdom holds that the more years of education that you have, the better off that you are. Now before we really get started, let me be absolutely clear. You would be hard pressed to find a bigger proponent of education than I am...even if that education does not translate into higher paychecks, more job satisfaction, or other benefits. Education is always a good thing. Always. Well, maybe not if you're only looking at the ability of a person in today's labor market to find and retain quality employment. Let me explain.

There seems to be three different job markets evolving in our country:


  1. In bucket number one are high-end workers such as highly skilled financial analysts, software engineers, lawyers, and factory workers. The supply of those workers has been exceeded recently by the demand for them so their ability to find and retain high quality positions is superb.

  2. In bucket number two are low-end workers such as unskilled food service, security, and hospital employees. According to a recent Wall Street Journal article, as of 2005 about 20 percent of the labor force were employed in these personal-service jobs, up from 13 percent only 15 years earlier. Again, the supply of these workers has been exceeded by the demand for them so their ability to find and retain high quality positions is superb.

  3. And now to the third bucket. This is everyone else, which is to say most of the labor force. These are workers who have at least some skills and often a great deal of skill. They often have at least some college education and sometimes multiple degrees or even graduate school degrees. But they're doing routine tasks in offices and factories and so their work can be done by lesser paid, less demanding workers in third world countries such as India. These are the workers whose jobs and personal livelihood are the most at risk and they comprise the majority of the population.


So what do we do to fix this problem? Is it even a problem? Clearly if you're in the third bucket, you've got a problem. You've invested years educating yourself, getting yourself trained to do higher end work, you've worked hard, you've produced great results for your employer. And then they pink slip you and perhaps even have you train your replacement...via long distance as your replacement is located in a village in rural India and they're making the same amount of money per day as you're making per hour.

Talk with an economist and they'll recommend more and better education. Encourage all workers to improve their interpersonal and abstract thinking skills so that they'll move from the third to the first bucket. Discourage students from entering occupations where their work is largely routine even if completely intellectual like lower end computer programming. It has always been important for individuals to get a college or graduate school degree, but apparently it is now becoming just as important for them to get the right type of degree.

Perhaps it has something to do with the crisis we face over the rapidly escalating cost of higher education and the resulting crushing amounts of student loan debt that Gen Y is bearing, but it shouldn't come as much of a surprise to anyone that the average college student expects to earn an above average level of compensation upon graduation.

As a long-time Minnesota resident, I've become very familiar with Garrison Keillor's Prairie Home Companion and his mythical Lake Wobegon skit. According to Keillor, in the town of Lake Wobegon, all the women are strong, all the men are good-looking, and all the children are above average. While that may be true in some towns, hopefully the children are of above average intelligence rather than have above average student loan balances.

Retailers often state that their location is a more important determinant of their likely success than any other factor. Now it appears that the same may be true for employers.

A recent survey of 1,000 Gen Y recent graduates by the Segmentation Company indicates that 65 percent prefer to "look for a job in the place that I would like to live" rather than "look for the best job I can find, the place where it is located [being] secondary." For those of us who are Gen X'ers and Baby Boomers, that may come as quite a surprise as our generations were far more likely to look for the best possible job and then use factors such as location as tie breakers.

For employers, this means that to successfully recruit college students searching for internships or recent graduates hunting for entry level jobs and other career opportunities, you need to target those who are most interested in working in your geographic area and then target within that group those who have the skills needed for your opportunity. In other words, it is becoming even more important than ever to really understand the needs and wants of your candidates. They have more choices than previous generations and employers can either wish that wasn't the case and perhaps even act as if it wasn't or they can modify their recruiting practices and actually succeed in recruiting and retaining their next generation of star employees.

CTN: The Energy NetworkI'm flying to Dallas tomorrow to tape a show for Corporate TeleLink Network (CTN), a premier business television network for the energy industry and a leading provider of natural gas and energy-related distance learning events since 1992. CTN delivers programming via:


  • Digital Satellites (Broadcasts)

  • Web Conferences

  • Webcasts

  • Audio Conferences

Continue reading "Energy Industry Recruiting Woes" »

Mark PennPeter Clayton of Total Picture Radio just added a podcast with Mark Penn, CEO of the PR firm Burson-Marsteller. You might want to listen in if you care about what is happening to today's college students.

Some may know Mark as a top presidential campaign strategist to Senator Hillary Clinton while others may know him as a numbers wonk. Mark has been a key adviser to Bill Gates and Microsoft for the last six years and just wrote a new book entitled Microtrends - The Small Forces Behind Tomorrow's Big Changes. In the book, Mark states that the number of undergraduate math majors is 77 at Harvard and 38 at Yale. As scary as that is, that isn't what scares Mark the most about today's college students. His biggest fear is the rapidly increase number of drop-outs.

The U.S. Census Bureau just reported that more than three times as many blacks live in prison cells as in college dorms. The ratio is healthier for Hispanics, but only barely as 2.7 times as many Hispanics live in prison cells as in college dorms. The magnitude of those problems are evident when you compare those ratios to the ratio for non-Hispanic whites: twice as many live in college dorms as in prison cells.

Although the data is startling and very troubling, it isn't quite as bad as it seems. The data does not include those who go to college but live off-campus. While there are likely some discrepancies in percentages of whites versus blacks and Hispanics who live off- rather than on-campus, I suspect that this doesn't come close to explaining the differences in the ratios. Another factor is that the data is not broken down by age. The reality is that most prison inmates are 25 years of age or older while 96 percent of people in college housing are 18 to 24 years old.

No matter how you look at it, there has been a failure when anyone is forced to live in a prison cell rather than going to college. And it appears certain given the huge differences in the ratios that young black and Hispanic adults are far more likely to end up in a prison cell than in a dorm room. Those who end up in prison are far less likely to benefit their families or society than those who go to college so it behooves us all to work towards reducing and coming as close as we can to eliminating the number of people in prison, regardless of their race.

The Federal Bureau of Investigations released its annual crime report yesterday and violent crime nationwide increased for the second consecutive year. Murders reached their highest level in decades. Gen Y is responsible. Why? Read on.

Few would debate that the main perpetrators of violent crime are teenagers and other young adults and most of those reside within our urban communities. Much of their criminal activities victimize their peers and those who reside within their communities. In Minneapolis, for example, a 12 year old girl was shot in the head last week. Her only mistake was that she was in the wrong place at the wrong time: she was walking home from a party when someone fired a gun a block away at someone else but missed their intended target. In most cases the bullet would have lodged in the wall of a house, a vehicle, or a tree. But in this case it hit a girl. A 12 year old girl.

So why do I blame Gen Y? I don't. I don't blame the entire generation. But I do recognize that violent crimes such as the Minneapolis incidents are largely carried out by teenagers and other young adults and those members of our society are all members of Gen Y. Each generation before Gen Y has been responsible for these types of crimes so it isn't a surprise that it is now Gen Y's turn. But what scares me is that the largest high school graduating class in our nation's history is the class of 2009. So these kids are now about 16 years old. They're just entering the age when they will be most likely to commit violent crimes. I hate to look at it this way, but the reality is that we're heading towards a surge in violent crime that likely won't subside for another six to 10 years.

The economic news out of the college career service offices is beginning to sound like a broken record, but few mind as the news is again good news for students searching for internships, recent graduates hunting for entry level jobs, and those who view a strong job market as being a good sign for the economy and therefore for all of us.

A recent poll by the National Association of Colleges and Employers (NACE) of its thousands of college career service offices reveals that nearly 78 percent report that their 2006-07 graduates had more and better job opportunities available to them than did 2005-06 graduates. Only eight percent believed that the prospects facing 2006-07 graduates were bleaker than those facing 2005-06 graduates.

Continue reading "Job Offers and Salaries Up for 2006-07 College Grads" »

I believe that it is incredibly important for all of us to give back to our communities. Not only does giving back improve the health of the communities in which we live, but it also improves our own mental health. Nothing feels better than making a positive difference in the life of someone who needs a helping hand.

Today's college students understand the importance of community service. Thousands compete for positions with organizations such as the Peace Corps, AmeriCorps, and Teach for America. But a significant difference between Gen Y / Millennials and Gen X'ers, Baby Boomers, and other generations is that Gen Y'ers are much more interested in not only working for service organizations for a while after graduation but they're also interested in creating their own service organizations.

Continue reading "Students Making Community Service a Career" »

Think your for-profit organization faces a crisis with the number and quality of your Baby Boomer leaders who are on the verge of retiring? Feel fortunate that you're not in the non-profit world.

According to Bridgespan Group, a management consulting group for non-profits, about 640,000 new senior leaders will be needed over the next decade by non-profits. That's about 250 percent the current number. Why the huge increase? Burnout and the above mentioned retirements.

Continue reading "Non-profits Face Dire Shortage of Future Leaders" »

Ross PerotThe State of Maine recently passed legislation that should greatly increase the number of college students who choose to remain there upon graduation. One of the biggest burdens upon this generation is the enormous student loan debt that they have. It is many times that of their parents and much larger than even the debt incurred by their older siblings.

But now, "if you live, work and pay taxes in Maine, you're not going to have this student debt hanging around your neck." Nice? Yes, but also very smart for the State of Maine and its future prosperity. That giant sucking sound that you hear is the sound of college graduates refusing to leave Maine for its neighboring states.

Ever spent a few minutes with one of today's college students? If so, you'll know that they're experts at multitasking. Many see nothing wrong with carrying on a conversation with you while at the same texting one or more friends about something completely different. As annoying as that may be to a Gen X'er or Baby Boomer in a social setting, it is even more annoying to those same people in a work setting. While I'm not condoning that type of multitasking, I'm also a realist and I know that it is here to stay so I can either grumble about it or I can get used to it and perhaps even in some ways learn to embrace it.

Thankfully, a lot of the multitasking is occurring during their non-work hours. According to a recent study from William Blair, 93 percent of college students conduct at least one additional activity while also watching television. Overall, 41.6 percent of television time is spent multitasking. So what are the most popular distractions from television watching?

Continue reading "College Students Multitasking a Lot" »

Textbook publisher Houghton Mifflin recently released a study conducted in July 2007 that illustrates that today's college students study hard and multitask just as hard.

Nearly two-thirds reported studying diligently and 59 percent said they used online study tools such as online quizzing, course outlines, video tutorials, tutoring and study groups. "We're finding that students are increasingly using online study tools in tandem with their textbooks," Katie Rose, head of research and marketing for Houghton Mifflin College Division, said in a statement.

Good news? Perhaps for some students. While most students seem to use their computer primarily as an education tool, 44 percent said that the same computer was also their distraction of choice. Not so good.

Continue reading "College Students Studying a Lot" »

Since 2003, the unemployment rate amongst new college graduates has decreased from about three to a little over two percent. Why?


  1. The improving economy has forced/encouraged more employers to hire more college students and recent graduates.
  2. The war has forced/encouraged the military and other areas of the federal government to hire more college students and recent graduates.
  3. Baby Boomers are starting to retire, forcing/encouraging more employers to hire more college students and recent graduates.

Continue reading "What a Shock! New Grads are Finding Jobs." »

Jean Wyer, PricewaterhouseCoopersThe Big Four accounting firms of Ernst & Young, PricewaterhouseCoopers, Deloitte & Touche, and KPMG have all nearly tripled their recruiting staffs and budgets over the last three years. They're using a large chunk of those funds to recruit college students for internship programs and recent graduates for entry level career opportunities by sponsoring campus leadership programs, developing a presence on social networking sites such as Facebook and MySpace, throwing beach parties, giving away spring break trips, and more.

Continue reading "Big Accounting Firms Have Tripled Their Recruiting Budgets" »

John Challenger"College graduates are in some of their peak [hiring] years," said John Challenger, CEO of outplacement firm Challenger, Gray & Christmas. "It's not just the A students and the engineering or technology grads who are doing well. The benefits of the strong market are reaching out into the B and C students and liberal arts grads. It's a job seekers' market."

So why are Challenger and employers so optimistic? Today's employers emphasize soft skills like oral and written communication, critical thinking, and responding to constructive feedback. Those are the same skills possessed by many liberal arts graduates. Employers are also generally optimistic about their long-term financial prospects and recognize that their Baby Boomer employees and candidates are starting to retire. As those retirements accelerate, the need for college grads will as well as more and more employers are seeing that they must hire college grads today in order to have them properly groomed to become the next generation of their leaders prior to the departure of their seasoned Baby Boomer managers.

Source: Campus Career Counselor

Studying abroad has long been viewed as a fun experience for students, but did you know that a large percentage of employers place a significant value on it too? About 200,000 American college students study abroad each year and they're not all studying foreign languages or hoping to cash in on favorable currency exchanges. Study abroad programs are available in almost every discipline to students at almost every school.

As fantastic as these programs are, I'm a bit fearful. You see, Congress is getting into the act. (Pun intended.) The Commission on the Abraham Lincoln Study Abroad Fellowship Program is urgent that half of all American college students participate in study abroad programs within the decade. "What nations don't know can hurt them," the group wrote in a report. "For their own future and for that of the nation, college graduates today must be internationally competitive."

That is a laudable goal and I hope that it happens but I also hope that Congress lets the inherent attractiveness of these programs drive their success rather than forcing their "success" through legislation.

The competition for top performers is heating up as 96.1 percent of organizations are actively recruiting, according to the preliminary results from the Compensation Data 2007 survey. Also up from 2006, voluntary turnover is at 12.3 percent for all industries, while total turnover is 18.3 percent.

Continue reading "96 Percent of Employers Are Hiring" »

Lion walking with tail held highPerhaps it was inevitable and perhaps it is a sign of improving work conditions for women, but it appears that the recent domination of college campuses by women is spilling over into the workplace as young, college educated, female adults are now earning more than their male counterparts in many of the largest metro areas in the country.

I've written before that a significant majority of college students and an even larger majority of college graduates are women, but a study by Queens College demographer Andy Beveridge shows that all women from ages 21 to 30 living in New York City and working full-time made 117 percent of men's wages, or a median wage of $35,653, and even more in Dallas, where the women made 120 percent of what the men made. Some of the other cities where young women earn more than men are Minneapolis, Chicago, and Boston.

Continue reading "Gen Y Women Make More Than Men" »

college student surfingWhat a shock. College students spend a lot of time on the Internet. No surprise there, but some of the details from a recent study by Burst Research is very interesting because it provides a fair amount of detail about what college students are doing and not doing while they're on-line and it also details what they're doing and not doing in other areas of their lives as a result of their Internet surfing:

Continue reading "College Students Surf a Lot, But for What?" »

As the world gets flatter and more and more business people do more and more business globally, it seems to me that a premium will be paid to those who speak multiple languages. But an even greater premium will likely be paid to those who have successfully completed business language courses. There's a big difference, of course, between conversational questions like asking for directions to the nearest restaurant like most language courses teach and business questions like asking for pricing information on a custom built product.

I've run across one organization that offers such business language courses but there must be many. The one that I've run across is a U.K. firm that offers Spanish and English courses in London, Bristol, Brighton, Liverpool, etc. If there aren't many yet, hopefully there will be more in the future as there is a big need for services such as this.

As the owner and an employee of CollegeRecruiter.com, I see the increasing costs of healthcare insurance from both sides of the desk. But many employees only see the increasing the bite that is coming out of their paychecks and assume that they are bearing the majority and perhaps all of the increased costs of healthcare. Some even believe that employers are paying less both in percentage and absolute dollars than they used to. The reality is that both employers and employees are paying more than they used to and often getting less.

Continue reading "Think Your Share of Healthcare is Rising? Think Again." »

The good news for the Class of 2007 continues to roll in: employers project hiring 19.2 more recent college graduates this year than they did last year. Not surprisingly, compensation for those hires is also increasing with nine out of 10 employers reporting that they're having to compete more for those hires than they did in previous years. Employers also are projecting that the competition will only get worse for them, and better for the graduates, in coming years.

While many employers are scratching their heads over what to do about these economic indicators, over half are planning to change at least some of their recruitment strategies this year. These changes include increasing the focus in their efforts to recruit Gen Y candidates. But employers are also changing tactics such as increasing their average starting salary offers. The result is an almost across the board increase in starting compensation for 2007 college seniors:

Continue reading "Class of 2007 College Hiring Up 19.2 Percent" »

When it comes to career development, many companies have an "it takes a village" mindset. According to a just-released study conducted by the Institute for Corporate Productivity (i4cp), 60% of the 382 polled companies have a career development program in place and 41% of those use in-house coaches and/or mentors to drive development. The study also suggests that people who want coaching and mentoring are better off working in the rich and diverse “villages” of large corporations.

Continue reading "No Surprise: Big Organizations Provide Better Training and Mentoring" »

writing instruments and notepadIf you think that today’s two- and four-year college students lack solid writing and leadership abilities, you’re not alone. According to a recent study of 431 human resource professionals across the United States, recent college graduates are not ready for the workplace.

Although 71 percent of the human resource professionals said written communication was very important for graduates of community, technical, and other two-year colleges, 47 percent said that these graduates are deficient in their written communication skills. Similarly, 83 percent said that skill was very important for graduates of four-year schools yet 28 percent said graduates of four-year colleges are deficient in that area.

Continue reading "I’ve Gots Me a College Degree But None Leadership Skills" »

As the weather heats up, many employees are packing their bags for a summer vacation. family vacation at seasideAccording to the newly-released Compensation Data 2007 preliminary results, exempt employees with five to nine years of experience have 14.4 vacation days on average. Non-exempt employees with the same years of service have 13.8 days.

The number of vacation days offered to exempt employees has changed little since 2005. Those in their first year average eight days and then, are given 10.5 days after their first year. Workers with 15-19 years of service typically average 19.5 days. A recent study by Expedia.com revealed 35 percent of U.S. employees won’t utilize all of their vacation time, and on average, each will leave three days unused.

Continue reading "U.S. Employees Pack Their Bags for a Summer Vacation" »

The revenues and profits that we generated in 2006 were our best ever. But yesterday we surpassed both and the year isn't quite half over yet. Interestingly and perhaps a sign of things to come, the sale that put us over the top was the largest cell phone text messaging campaign that we've ever sold and perhaps the largest ever sold by a job board.

female college studentsThe trend has been there for decades. More and more women have been enrolling to attend college and more and more of them were graduating. Within the past decade, women comprised the majority of incoming freshmen at most schools. There is little doubt that the vast majority of these women and the schools they attended did not regard this trend as a zero sum game. In other words, the gains being made by the women did not need to come at the expense of the men. But could it be that is exactly what is happening?

Peter Gardner of Michigan State conducts some of the best research in this area and his recent findings are startling. Although women comprise about 55 percent of college freshmen, they are now comprising about 75 percent of the graduates. So where are all of the men going? Are they being forced out by the women? Are the colleges forcing out the men through the application of hostile policies which used to be directed against women but are now directed against men? While those are possible explanations, Peter has a far more logical explanation: the men are leaving to start their own businesses.

Continue reading "Women Are Finally Taking Over College Campuses" »

helicopter parentsThere is no doubt that parents of every generation have been concerned about their children and have wanted their children to succeed. But what happens when you take probably the most career-focused generation in history – Baby Boomers – and turn them into parents? You get parents who hover over their children so continually that sociologists have begun to refer to these Boomers as helicopter parents.

As a Gen X’er, I understand but don’t condone this type of behavior. I understand that these parents have raised highly programmed, multi-tasking kids. I get that these parents are used to running their kids from one after school activity to another to another. And I even get that some of these parents have a hard time letting go when little Johnny or Jenny move away to attend a great college. But after four or five years of living away from home and hopefully entering the workforce, John and Jennifer are no longer kids. They’re adults. So you’d think that by the time John and Jennifer have chosen to go back to school for an MBA that their parents will also have grown up and realized how destructive their hovering can be. Well, you’d have figured wrong.

Continue reading "Helicopter Parents Invading the MBA Schools Now Too" »

One of the popular features on CollegeRecruiter.com is our School Finder program as it allows the candidates who use our job board to find on-line schools and traditional schools should they be interested in completing a degree, transferring, getting an MBA, etc. Candidates use the service for free and we are compensated by the schools for referring the candidates. But it is a very competitive business.

There are a lot of players in this industry, including EarnMyDegree.com. They offer on-line college degrees and university courses so do pretty much the same thing as our School Finder program. Two of the great things about EarnMyDegree.com are:


  1. It allows candidates to search in a variety of ways, including by degree subject, degree level, online university, or you wish to study at a nearby college campus.
  2. Most of the programs they work with are designed for working professionals.

If you're looking around for the right school for your needs, use our School Finder, use EarnMyDegree.com, and some of the other sources. None of the matching services have all of the answers, but many offer a lot of great information.

“How often do you bring work home?” When asked that question in a poll taken across the 15,000 niche career sites in our network, only 34.71 percent of job seekers said, “I never bring work home.” A majority responded that they bring work home either once or twice a week (23.09 percent), everyday (29.82 percent), or only on the weekend (12.38 percent).

“To remain competitive, companies need to continue to evolve their technology and service offerings,” said Rich Milgram, CEO of Beyond.com, Inc. “This effort often requires employees to be proactive and work longer hours inside and outside the office. However, professionals can still achieve a healthy work-life balance by working smarter and setting priorities and boundaries to help effectively manage their time.”

Continue reading "How Often Do You Bring Your Work Home?" »

Phil GardnerI had the good fortune of listening to a presentation by Phil Gardner of Michigan State University earlier this week about the current trends in the college students and recent graduate labor market. Although I've been keeping a close eye on the biggest employers of college students and recent graduates, it hasn't been as easy to keep up-to-date on the types of jobs being offered to students and recent graduates. But Phil does. Oh boy, does he ever.

One of the most interesting pieces of information that he delivered was that 18 percent of the job offers made to recent college graduates in 2006 were for sales and marketing positions. So far in 2007, the percent of job offers made to recent college graduates for sales and marketing positions has jumped to 50 percent. If there was any doubt that the job market for recent college graduates is hotter this year than it has been since 2000, there should be no doubt any longer. Phil's presentation also showed the increases in salary expectations amongst undergraduates and graduate school students alike and the increases in expectations are dramatic.

Another fascinating part of Phil's presentation was the takeover of college campuses by women. The majority of enrollees are women. That's no secret and has been well reported by the media. But how many knew that even though about 45 percent of the enrollees are male that only about 25 percent of the graduates are male? Why are so many males dropping out? Phil believes that it is because this Gen Y / Millennial generation and particularly males of this generation are choosing to start their own businesses so they can have more work-life balance and the students see no significant benefit to completing a degree if they're going to work for themselves so they're dropping out rather than burden themselves with huge student loan debt and delaying their entrance into the marketplace.