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

Posted December 03, 2019 by

2 ways to stand out after a job interview

There are many ways for an applicant to stand out after being interviewed for a job. Here are just two.

First, bring with you to the interview some pre-stamped envelopes with thank you note cards. Immediately after you’re interviewed and have left the building, handwrite a quick thank you note to each person who interviewed you with a reference in each note to something that they said so they’ll know that your note was customized. Get those into the local mail that same day. The interviewers will likely receive the note the next business day, which will really impress them.

Second, once every week or two, email the interviews a note to confirm your continuing interest and provide them with a link or attach a scan of an article etc. that you’ve seen that may be of interest to them, such as something interesting that the press wrote about their company or one of their vendors or customers. You’d be surprised how many recruiters and hiring managers will assume that silence from a candidate indicates lack of interest.

Posted November 26, 2019 by

What’s the best career advice College Recruiter’s founder wishes he had received early in his career?

Probably the best career advice that I ever received came from Marvin Granath, senior vice president for the Human Resources – Legal office of Honeywell Inc.

Marv was my boss for the last year that I was at Honeywell and he reported to the CEO. What Marv taught me — both verbally and by allowing me to watch him in action — was the importance of building a strong network and using corporate politics not just for his benefit but the company’s. 

Marv planted seeds every hour of every day. He continually looked for ways of creating win-win situations by helping others accomplish their personal and corporate goals. He did so not on a quid pro quo basis but instead knowing that some of his assistance would go unrewarded but some would greatly help him reach his personal and corporate goals. When he needed help, people throughout the company would be eager to do whatever they could, not just because it was their job but because they truly wanted to help him as a tangible way of showing him their appreciation for the help he had provided to them days, weeks, months, or even years earlier and without precondition. 

Marv passed away a decade ago, but he continues to inspire me.

Photo courtesy of Shutterstock

Posted November 19, 2019 by

Why are so many parents obsessed with getting their kids into ‘elite’ schools?

Parents and students are obsessed with getting into the “best” college or university largely for status reasons but also for rational, economic reasons. Somehow, if your kid gets into an elite university, that makes you a better parent in the eyes of some, but that’s truly unfortunate has allowed the banks and higher education industries to redistribute to themselves and their shareholders enormous amounts of wealth from the middle class. 

However, there are good, rational, economic reasons to enroll in and graduate from an elite college: your chances are higher of landing a well-paying job with a well known and respected employer. Most of the best known and respected employers recruit the bulk of their professional, entry-level talent from colleges and universities and for decades they’ve done so largely by sending recruiters and hiring managers to interview on college campuses.

Fortunately, an increasing minority of employers are looking at their outcomes data — which employees are the most productive — and are finding that there is a weak and sometimes negative correlation between the perceived quality of the school and productivity of the employee. That is leading these employees to become school agnostic, meaning that they are being more inclusive in their hiring by reducing or eliminating their on-campus hiring efforts in favor of hiring through job boards and other Internet sites. 

Photo courtesy of Shutterstock.

Posted November 12, 2019 by

Why do so many college grads live with their parents?

The average college grad earns about $46,000 a year. That sounds quite high to most Americans, because it is also the average income earned by most families.

But if you dig into the college grad’s finances, you’ll quickly see that they’re likely to live in poverty. Why? Because the student debt of a graduate from a first or second tier, four-year college or university can easily exceed $100,000 and often approaches $200,000. It is common for tuition to be at least $25,000 and often more than $50,000 a year. Add to that room, board, books, travel to/from the city your family lives in and you’re looking at $40,000 to $65,000 a year. Multiply that by four years and you’re at $160,000 to $220,000 in debt.

If your student loans are payable in 20 years, which is common, and your interest rate is eight percent, which is also common, you’re looking at $2,000 per month for student loan payments. Over 12 months, that’s $24,000.

So, suddenly, that $46,000 a year gives you the earning power of someone making $22,000 a year, which is less than the average, full-time, Uber driver nets.

Posted November 05, 2019 by

Do this year’s college grads face the likelihood of crippling debt and delinquent repayments?

The student debt that Millennials and now Gen Z have and are incurring is crippling and, long-term, could financially devastate an entire generation. Those who went to college in the 1980s or earlier simply can’t relate as the cost to attend college then could be covered by working part-time as a waiter or bartender and any debt they graduated with could be repaid within a handful of years working at a job that paid well but not even great.

Today’s students are often attending schools that charge $25,000 or more per year plus another $15,000 in related costs such as traveling to and from school each semester, rent, food, and books. A four-year degree, therefore, often costs $160,000. Part-time jobs typically pay about $10 per hour. At 20-hours a week, that’s $41,600 over four years, so about $120,000 needs to be financed. Student loans often carry interest rates of eight percent or more, so over 20-years the average student is going to see about half of their gross wages disappear to repay the principal plus interest on their student debt.

The end results is that the average graduate of a four-year college or university is effectively being asked to live on about $25,000 per year. If they run into any unexpected, significant expenses like the need to replace a car or have surgery, then there is a very real possibility of them falling into delinquency. Many of the student loans then charge huge penalties, including significantly higher interest rates. So if you miss a payment one or two times, your already exorbitant interest rate of eight can easily escalate to 16 percent and then 24 percent. Before you know it, you’re paying 24 percent interest on a six-figure loan that is non-dischargeable in bankruptcy. If that’s not a recipe for financial disaster, I don’t know what is.

Photo courtesy of Shutterstock.

Posted October 29, 2019 by

Why should you consider switching jobs even if you don’t necessarily 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.

Photo by StockUnlimited.com

Posted October 22, 2019 by

How to boost your pay aside from your current salary

How do you increase your takehome pay if you can’t get your employer to increase your current hourly wage or salary?

One option is to stay in the same job but also look for a second.

A second is to work overtime hours. Beware that if you’re salaried, then you probably won’t be paid for those overtime hours, but some employees will negotiate a change to their status from exempt (paid salary) to non-exempt (paid hourly) so that they can be paid extra when they work overtime. ,

A third is to negotiate a commuting reimbursement or a perk that’s essentially money in your pocket. Even if your salary or hourly wage don’t increase, if your employer is paying you more money overall, that’s the same as getting a raise.

The bottom line is that the vast majority of employers want to pay their employees fairly, but few employers and employees know exactly what “fair” translates into when talking about wages. Employees who want a pay raise should do that research and then present their findings in writing to their manager.

If you’re a customer service representative without a high school degree but with three years of experience and you work in Long Island, look at sites like Payscale and Glassdoor for people with the same qualifications as you and what they’re earning. Look on sites like Indeed and CollegeRecruiter.com for job postings for positions like what you have and what they’re paying. Present that information to your manager to substantiate your claim that you should receive a raise. 

What you want to get paid or what you feel you need to be paid in order to pay your bills aren’t nearly as impactful as what you would be paid if you were to leave your employer and be hired by another organization that is basically across the street and for the same role.

Posted October 15, 2019 by

Why are apprenticeship programs so much more popular in Europe than the U.S.?

One reason that apprenticeship programs are far more popular in Europe than they are in the United States is because employers in Europe tend to take a far more long-term view of their employees than do employers in the U.S. In Europe, it is more a part of their culture to hire people with some but not every single desired skill and then train them until they have all of the desired skills. In the U.S., employers expect employees to hit the ground running and, therefore, train them only when necessary. Apprentices, by definition, require substantial training.

Another reason that apprenticeships are far more popular in Europe is that it is far harder to terminate an employee in Europe than it is in the United States. In Europe, you can often only terminate an employee for cause and, even then, often need to provide severance. In the U.S., employment is typically at will and you can be fired for any reason or no reason, as long as it isn’t a bad (illegal) reason.

Apprenticeships require a long-term commitment by both parties that, sadly, isn’t as much a part of our culture as it is in Europe.

Posted October 15, 2019 by

Are college majors becoming a thing of the past?

Many colleges seem to be encouraging multidisciplinary concentrations and combinations of minors. Some institutions are phasing out the strict adherence to picking one single major. But why?

Until very recently, very, very few employers who hired more than a handful of people a year really knew where their applicants were coming from, let alone their hires let alone their most productive employees. Over the past couple of years, however, a rapidly increasing minority of medium- and large-employers are not just claiming to use data to drive their hiring decisions but are actually doing so. And some of these employers are using workforce productivity data instead of cost-per-application or cost-per-hire data to drive the decisions as to where to source their candidates.

What many of these employers are finding is that their most productive employees did not come from the sources that the employers always took for granted were their best sources of hire. Employers who hire a lot of interns and recent grads, for example, typically chased after the candidates with the most sought after majors and who were enrolled at the most elite schools. These candidates, however, rarely stay with an employer longer than for a couple of years, whereas candidates from less sexy majors, schools, or both tend to stay for five, 10, or even more years and that makes them far more productive.

Courtesy of Shutterstock.

Posted September 03, 2019 by

How do I decide what kind of a job to look for?

Many job seekers, especially those who are more toward the beginning than end of their careers, struggle to decide what kind of a job they want to do. For those, we recommend pulling out a legal pad and dividing it into four columns:

  1. Competencies
  2. Interests
  3. Values
  4. Compensation

Under competencies, list in a few words everything you’re good at, whether it is career-related or not.

Under interests, list everything that catches your attention, whether it is career-related or not. 

Under values, list everything that matters to you, whether it is career-related or not. 

Under compensation, list all of the things that you want and need to do which cost money and estimate how much each costs per month or year.

Now, look for commonalities in the first three columns. Are there items which are in the competencies, interests, and values columns? Circle those.

Now look at the items which are circled and consider those along with your compensation needs. Can you do any of the circled items for work — even part-time — and meet your compensation needs? If so, you’ve just found at least one career path.