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The latest news, trends and information to help you with your recruiting efforts.

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Posted October 11, 2019 by

Why employers should offer 529 college savings and tuition reimbursement plans

The cost of higher education is exponentially higher for the Millennials who recently graduated and Gen Zers who are currently enrolled in one-, two-, and four-year colleges and universities. A Baby Boomer may have paid $10,000 for tuition, room, and board in the 1960s. By the 1980s, the same would have cost a Gen Xer about $50,000. Today, the same will cost a Gen Zer $250,000. A very small percentage of students don’t face that kind of sticker shock as they’re extremely affluent and pay for that out-of-pocket, perhaps with savings, or they’re amongst those with the lowest income but qualify for the largest merit scholarships. For the vast majority of students, financing hundreds of thousands of dollars for their education is the reality. 

It is pretty common for student loans to carry interest rates of 6.25 percent, so about double what home mortgages cost, despite the student loans being of lower risk than home mortgages as you can’t discharge student loan debt through bankruptcy. Also normal is a 20-year repayment period. The cost of a $250,000 loan with an interest rate of 6.25 percent and a length of 20 years results in a monthly payment of $1,827.32, which is about $2,500 before tax. In other words, just to cover your student loans, you need to earn $30,000 a year. Even if your cost of education is half of that, you need to earn about $15,000 a year just to cover your student loans. 

Employers that create 529 education savings and tuition reimbursement plans effectively give their participating employees a substantial raise without it costing the employer anything. Money contributed to a 529 plan is tax-deductible, so if the employee contributes $10,000 a year, they’re going to save about $2,500 a year in taxes. That employee has therefore just effectively been given a $2,500 raise by their employer, without that raise costing the employer anything. Even more dramatic is tuition reimbursement, as that doesn’t cost the employee anything. At College Recruiter, we offer tuition reimbursement of $1,500 per year. If the employee’s tax bracket is 25 percent, that’s worth $2,000 to them. We are, effectively, giving those employees a $2,000 per year raise.

Courtesy of Shutterstock

Posted April 25, 2019 by

Should you change jobs, even if you don’t want to?

Changing jobs, even when you don’t want to, is one of the best ways to get a pay raise and improve the hard and soft benefits you receive.

Unfortunately, many employers give raises to existing employees only when forced to, but they’re typically willing to pay new employees the going wage for the same work. So it isn’t unusual for an employee to advance into a more senior role but still be paid like they’re doing their old job. But if they move to a new employer, that new employer is more apt to pay them for the work they’re now doing.


Also, it is easier to win better hard and soft benefits when you move jobs. Hard benefits are those which aren’t negotiable such as 401k and medical plans, but they differ significantly employer-to-employer. If your current employer’s medical plan is terrible, you’re not going to be able to get them to provide a better one to you but you can apply to work for employers with good medical plans. 


Similarly, soft benefits are often easier to obtain from a new employer. These are typically negotiable, such as flexible working hours. If you’ve worked for the same employer for five years from 8am to 5pm, Monday to Friday, it will likely be difficult to convince them to allow you to work from 8am to 6pm, Monday through Thursday and then 8am to noon on Friday. But it should be easier to convince a new employer to allow that.

Posted November 07, 2018 by

How do I find a great, paid internship?

College Recruiter believes that every student and recent graduate deserves a great career. And a great stepping stone to a great career is often a great internship. But students are often frustrated by how to find an internship and, when they do find one of interest, how to apply, get interviewed, and get hired.

If you try to do everything all at once, it can be overwhelming. I like to break the process down into manageable, bite-sized pieces.

  1. Don’t procrastinate. To use another cliche, early bird gets the worm. While I trust that you’d rather land a great internship than a great worm, the cliche is too well known and understood for me to pass up. Some internships, particularly those with non-profits and governmental agencies, have strict and sometimes very early deadlines. Looking for next summer? You might need to apply in November. As of the writing of this blog article on November 5, 2018, College Recruiter already had 1,795 internships advertised on its site and it is still a couple of months from January when employers start to get aggressive with advertising their internship opportunities.
  2. Complete your CIV analysis. What’s a CIV, you ask? Competencies, interests, and values. Grab a piece of paper and draw two lines down it to divide the paper into three columns. Write competencies at the top of the first column, interests at the top of the second, and values at the top of the third. Now, under competencies, write down everything that other people would say you’re good at. In the second column, write down everything that you find to be interesting, In the third column, write down everything that you care about. Now look for themes. What are you good at that also interests you and which you care about? Those themes are where you should focus your career search.
  3. Network. Many and probably most people think that networking is all about asking other for help. Wrong. It is about asking them how you can help them. That will build good karma and inevitably you’ll find that some — not all — will reciprocate by asking how they can help you. Take them up on the offer. Tell them about your CIV, where you want your career to start, and ask them for the names of two people you should talk with. Keep repeating that. After a few rounds of people referring you to people who refer you to people, you’ll likely run across someone who will decline to give you the two names, not because they’re a jerk but because they want to hire you. Bingo.
  4. Job search sites. Almost every college career service office has a career website, but the vast majority of jobs which are of interest to students and recent graduates are never posted to those sites. Why? Most employers don’t know about them and they can be hard and time consuming to use. So, use those sites but don’t stop there. Also use job search sites like College Recruiter, which typically has about a million part-time, seasonal, internship, and entry-level jobs advertised on its site. Did I tell you that College Recruiter already has 1,795 internships advertised on its site? Oh, yeah, I did. Did you search them yet?
  5. Attend career fairs. Quite frankly, I’m not a huge fan because the expectations of the employers are often poorly aligned with those of the students. Employer representatives typically attend career fairs because they’re coerced by their bosses, their career service office partners, or both. Their disinterest shows, and they make it worse by refusing to accept paper resumes and telling you to go to their career sites if you want to apply. You could have done that from home, right? But they’re great places to network (see #3) and learn what it is really like to work for a company if you happen to run across a representative who likes to talk and maybe isn’t as discrete as they should be.
  6. Search and apply to jobs. Seems kind of obvious, right? But you’d be amazed at how many candidates don’t apply to enough jobs, apply to the wrong ones, or do a terrible job of applying the ones they are qualified for. If you’re an elite student at an elite school or otherwise have some exceptional qualities, aim high by applying to the most sought-after internships, such as 20 top internships listed below. For everyone else, and that’s almost everyone, the hard truth is that you’re just going to have to try harder. But, if it helps, remember the joke about what you call a doctor who graduates at the bottom of their class from a third-rate medical school. The answer is doctor. Most employers for most jobs feel the same way about interns and new grads. They care far more that you went to college than your major. They care far more about your major than your school. And they care far more about your school than your grades or whether you had a sexy internship or just successfully completed an internship, preferably for them.
  7. Create a job. Whether it’s a gig employment opportunity driving folks around or doing their grocery shopping for them or starting a small business in college like I did, don’t discount this option. But if you find yourself uttering, “I just need a good idea”, move on. The good idea is the least of your problems. Executing that good idea is FAR harder and FAR less exciting.
  8. Get experience. The entire point of an internship program for the employer is to convert those interns into permanent hires upon graduation. If they don’t, their internship program is a failure. Similarly, the entire point of interning is to get an offer to become a permanent employee upon graduation and then to accept that offer. If you don’t, your internship was a failure. Well, maybe not a complete failure, but not as much of a success as it should have been.

So, back to the top internship programs. What are they? I thought you’d never ask:

1. Google
2. Apple
3. Microsoft
4. Tesla
5. Facebook
6. Goldman Sachs
7. Amazon
8. J.P. Morgan
9. SpaceX
10. The Walt Disney Company
11. Nike
12. Morgan Stanley
13. IBM
14. Deloitte
15. Berkshire Hathaway
16. Intel
17. ESPN
18. Mercedes-Benz
19. The Boston Consulting Group
20. Spotify

— Source: Vault

 

 

Posted November 05, 2018 by

From internship to full-fledged career: how one Fortune 500 company is recruiting from within

 

Author: Kate-Madonna Hindes

Investing in entry-level workers creates greater job stability and more opportunities for advancement for employees, contributing to a more economically vibrant society.(Rockefeller Foundation)

Every single day, new relationships are forming, and interns are turning into full-time employees. Across thousands of different companies, H.R. and recruiting departments are making long-term investments for maximum growth and profitability. Smart companies are taking note while searching for interns to see if they have the qualities they are looking for in full-time employees.

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Posted September 05, 2018 by

Furthering your education might be more possible with your employer’s help

 

Some employers offer tuition reimbursement or even scholarships that help their employees pay for school. For all the students who work part-time to help pay their tuition, this kind of additional assistance can be the difference between staying in school or dropping out. And for employees who are intimidated by the decision to balance work with school, it could help to ask your employer what kind of support they offer that would allow you to further your education. We connected with Jason Bilotti, Owner-Operator of West Paces Ferry Chick-fil-A in Atlanta. Chick-fil-A awards scholarships to thousands of employees, this year totaling $14.5 million, to help them further their education. Bilotti shares here about why he thinks it’s so important for employees at the retail level to further their education.

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Aircraft engine in hanger

Posted July 11, 2018 by

What Delta Air Lines is doing to address talent gaps 

When Delta Air Lines looks into the future, they see a shortage of talent in a particular area. That is, they know many pilots will be retiring and there aren’t enough new pilots in the pipeline to replace them. Filling mechanic roles is also an area where Delta predicts a talent shortage. We spoke with John Patrick, who is Senior Manager of Academic Strategy at Delta. He told us more about how they are responding to this talent gap with unique recruiting and branding strategies.

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Posted June 12, 2018 by

When and how HR tech can engage gig workers in your organization’s culture

If there is one person who knows about how HR leaders can and should choose the right technology tools, it is Sarah Brennan. Brennan is Founder and Chief Advisor at Accelir, where she dedicates herself to improving the impact of technology on people, business and the future of work. She partners with the companies that build the technology and she educates the companies that use that technology. Brennan was also selected to be an official SHRM 2018 blogger. I interviewed Brennan about how she is seeing the impact of the growing gig economy, and how HR leaders should be using (and not using) technology to engage their contracted and gig workers.  (more…)
Posted May 30, 2018 by

The Entry-Level Job Seeker’s Guide to Salary Negotiation

 

Younger workers, or those with only 0-2 years of experience, are 42 percent more likely to be underpaid (Paysa study).

Negotiating salary at the point of a job offer is when you will have the most leverage. Once you take the job, you won’t have as much to bargain with. If you don’t ask, you won’t get it!

We want you to get paid fairly almost as much as you do! At College Recruiter we believe that every student and grad deserves a great career. Every year we help thousands of entry-level  candidates find jobs, so we know a thing or two about how you can stand out to a potential employer. We gathered our insight, and included a lot of advice from our friend and expert career coach Marky Stein, into a full guide for entry-level job seekers.

Read the Entry-Level Job Seeker’s Guide to Salary Negotiation

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Posted May 24, 2018 by

Gen Z Talent: Understand Them to Recruit Them [white paper]

 

All of your college recruitment, from now until 2033, will be tapping Gen Z talent. To say that Gen Z will change the workforce is an understatement. At College Recruiter, where we are this close to entry-level talent and swim in the pool of TA trends, we think this generation will transform your workforce.

Gen Z, born after 2000 (some say as early as 1995) will make up 20% of workforce by 2020. We have learned a lot about what makes Gen Z different and how you can recruit them. We teamed up with Door of Clubs to tap into current insights and bring you a white paper full of real tips for recruiters, employment branding specialists and HR leaders.

Read the full white paper to understand how to shift your entry-level recruitment to attract Gen Z candidates

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Posted May 18, 2018 by

Nonprofit employer branding solutions to attract entry-level talent

 

Nonprofit organizations have an enormous opportunity to polish their employer brands and really show them off to entry-level job candidates. To hear insight into employer branding mistakes and solutions at nonprofits, we interviewed Matt Kaiser, Director of Recruitment at Children’s Healthcare of Atlanta. Kaiser has a passion for improving the recruitment processes, uncovering a unique employer brand identity, and implementing ideas to improve the candidate experience and attract top talent. He will be a speaker at SHRM 2018, presenting “Pursuing Purpose in Building Your Brand.”

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