• Superb hiring news for class of 2019: best hiring outlook since 2007

    November 19, 2018 by

     

    Economic news released today by the National Association of Colleges and Employers contained a lot of great news for students and recent graduates of one-, two-, and four-year colleges and universities.

    According to a survey of NACE employer members, only four percent of employers plan to decrease their hiring of recent college grads while a whopping 57.4 percent plan to increase such hiring. For those who aren’t human calculators, that means that 38.6 percent plan to maintain their number of hires. Even better news is that the percent increase in projected hires came in at 16.6 percent, which would be the largest increase in 12 years. It is noteworthy that the hiring rate has not been increasing year-after-year since the Great Recession of 2008-09. Indeed, the class of 2018 saw hiring decrease by 1.3 percent.

    Why are employers planning to hire so many new grads? A number of reasons:

    • Overall hiring is up;
    • Improved economy;
    • Company growth;
    • Anticipated retirements;
    • Increased focus on early talent/succession planning; and
    • Conversion of a higher percentage of interns into permanent hires, which now averages 45.6 percent.

    Worth noting is that NACE employer members are not representative of all employers. The vast majority of employers in the U.S. have just one employee — the owner — and only a very small percentage have more than 100 employees. Yet NACE employer members have an average of 14.3 full-time, university relations staff members. According to NAICS, almost 70 percent of employers have four or fewer employees and only 16,276 have more than 1,000 employees.

     

    Total Employees Number of Businesses
    1 – 4 employees 11,226,989
    5 – 9 employees 1,688,701
    10 – 19 employees 761,617
    20 – 49 employees 460,112
    50 – 99 employees 155,876
    100 – 249 employees 79,352
    250 – 499 employees 26,139
    500 – 999 employees 14,115
    1,000+ employees 16,276
    Uncoded records 1,582,628
    Grand Total 16,011,805

     

    Print Friendly, PDF & Email

    Comments

    comments

    Powered by Facebook Comments