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

Posted May 27, 2014 by

7 Tips for Making Your Internship a Success

John Challenger of Challenger, Gray & Christmas

John Challenger of Challenger, Gray & Christmas

With roughly one-in-four employers recruiting entry-level workers from the pool of current and former interns, it is more important than ever for college and university students and recent graduates to perform well in these employment proving grounds.  Unfortunately, many of those embarking on summer internship programs in the coming days and weeks could fail to make a positive impression on their employers, according to one workplace authority.

“Thousands of young people will participate in paid and unpaid internships this summer.  While most will do a good job meeting the responsibilities laid out for them, many will not take the extra steps required to ensure that they stand out, thus increasing the chances of becoming a permanent employee down the road,” said John A. Challenger, chief executive officer of global outplacement firm Challenger, Gray & Christmas, Inc.

Internships are an essential stepping stone to full-time employment for entry-level job seekers.  In a recent survey of 100 human resources professionals by Challenger, Gray & Christmas, 26 percent of respondents said that internships are the leading source from which entry-level candidates are recruited and hired. (more…)

Posted April 18, 2014 by

36% of Employers Say Specific/Technical Skills Most Important for Grads to Possess

Most Important Skills for Grads to PossessThe largest portion (36 percent) of employers recently surveyed said that specific/technical skills related to the job were the most important.

In the survey conducted among 100 human resources professionals in early April by global outplacement and coaching consultancy Challenger, Gray & Christmas, Inc., the employers also stated that soft skills like ability to work within a team and communication skills are also among the most important for graduates to possess. Ability to work in a team environment was selected by 14 percent of respondents.  Surprisingly, having strong written/verbal communication skills was selected by just 8.0 percent or respondents, and problem solving was the most important skill for just 4.0 percent.

 

Posted April 17, 2014 by

College Recruiter and Other Job Boards Highest Source of Hire for College Grads

Sources of Entry-Level Hires

Sources of Entry-Level Hires

About one in four employers recently surveyed said their most of their entry-level recruits were hired through an internship program.  In the survey conducted among 100 human resources professionals in early April by global outplacement and coaching consultancy Challenger, Gray & Christmas, Inc., the employers surveyed said that the same percentage — 25.5 percent — came from College Recruiter and other online job boards.  Just over 20 percent of companies said on-campus recruiting visits and job fairs were the primary source for their entry-level recruits. Unclear from the survey were the sources of hire for the internship program. Clearly some came from job boards, others on-campus recruiting, job fairs, and other such sources.

“Soon-to-be graduates cannot expect to hand out a few resumes at job fairs and reply to some online postings and simply wait for a phone call or email.  As our survey results show, job fairs and online job boards have their place, but to be successful a well-rounded strategy is required,” said Challenger.

“One of the most important elements of a successful job search, for both entry-level job seekers and their more-experienced counterparts, is networking and meeting face-to-face with people who can help advance the job search.  College graduates who believe they are too young to have an effective network are simply wrong.  Parents, professors, former internship supervisors and even college and former high school classmates can be valuable sources when it comes to building and expanding one’s network,” said Challenger. (more…)

Posted April 16, 2014 by

Boom! 64% of Employers Plan to Hire Recent College Grads

Employers Planning to Hire GradsConditions are expected to improve for college graduates entering the job market this spring, as the economic recovery continues to gain momentum.  In fact, nearly two out of three employers surveyed by a leading employment consulting firm plan to hire from among this year’s crop of 1.8 million grads.

In the survey conducted among 100 human resources professionals in early April by global outplacement and coaching consultancy Challenger, Gray & Christmas, Inc., 64 percent of respondents said their companies plan to recruit from the pool of graduates entering the job market this spring.  Twelve percent of respondents said that while they have recruited college graduates in the past, there are no plans to do so this year.  About 10 percent said they never recruit college graduates, preferring candidates with “a few years” of work experience.

“This is the first year we have conducted this survey. So, while we do not have comparable data from previous years, the fact that a majority of respondents reported plans to hire college graduates is certainly a positive sign for this year’s pool of entry-level job seekers. This, combined with continued improvements in the overall economy, contributed to an optimistic outlook for this year’s graduates,” said John A. Challenger, chief executive officer of Challenger, Gray & Christmas. (more…)

Posted February 18, 2014 by

Labor Force Participation Rate Decline Largely Due to Teens Choosing Not to Work

John Challenger of Challenger, Gray & Christmas

John Challenger of Challenger, Gray & Christmas

Much attention has been given to record-low participation rates in the wake of the Great Recession.  The latest data indicate that only 62.5 percent of non-institutionalized working age adults are employed or actively seeking employment.  The remaining 37.5 percent, so the story goes, is so frustrated with the lack of opportunities that this group has simply dropped out of the labor market.

However, a new analysis of labor data released Tuesday by global outplacement consultancy Challenger, Gray & Christmas, Inc. found that the largest decline in participation has occurred among 16- to 19-year-olds.  While some teenagers are certainly frustrated, the fact is that the vast majority are not seeking a job because they do not want a job.

The overall participation rate, which represents the percentage of the civilian non-institutional population that is either employed or actively seeking employment, has indeed been on the decline since the onset of the Great Recession in December 2007.  Prior to the recession, the participation rate peaked at 66.8 percent in July 2007. (more…)

Posted February 03, 2014 by

Hot Job Sectors Are Technology, Pharmaceutical, Health Care, Aerospace, Defense, Financial Services

John Challenger of Challenger, Gray & Christmas

John Challenger of Challenger, Gray & Christmas

After climbing to a three-year high in 2012, planned job cuts announced by firms in the technology sector declined by 32 percent in 2013 as employers focused on hiring in several growing areas, including big data, cloud computing and security, according to a semi-annual report on tech layoffs released Monday by global outplacement firm Challenger, Gray & Christmas, Inc.

United States-based employers in the computer, electronics and telecommunications industries announced 56,918 planned layoffs in 2013, representing 11.2 percent of the 509,051 job cuts recorded during the year.  That was down from a 2012 total of 83,213, which was 15.7 percent of the 523,362 job cuts announced that year.

The heaviest job cutting occurred in the computer industry, where 35,136 workers were cut from payrolls.  That was 24 percent fewer than the 46,164 computer-industry job cuts in 2012.  Annual job cuts among electronics saw the biggest decline, plunging 42 percent from 14,191 in 2012 to 8,830 last year. (more…)

Posted January 17, 2014 by

Internships That Will Help You Begin Your Career

Green internship road sign with arrow pointing up

Green internship road sign with arrow pointing up. Photo courtesy of Shutterstock.

As John Challenger pointed out in a previous post, Job Seekers Increasingly Optimistic About Job Market, the available career prospects are really looking up. While people are convinced that new careers are just around the corner, we still have to face the fact that 36 percent of the people interviewed for the 2014 study mentioned in that post had been unemployed for at least a year. This means that, even though the job market is getting stronger, the competition for jobs is still going to be fierce. (more…)

Posted January 09, 2014 by

More Good News: Monthly Layoffs Lowest in 13 Years

John Challenger of Challenger, Gray & Christmas

John Challenger of Challenger, Gray & Christmas

Announced job cuts fell to the lowest level of the year in December as U.S.-based employers reported plans to reduce payrolls by 30,623 during the month. That was down 32 percent from a November total of 45,314. For the year, job cuts were down about 3.0 percent from 2012, according to the latest report on monthly job cuts released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The December total was six percent lower than the 32,556 job cuts announced in the same month a year earlier, marking the third consecutive year-over-year decline. Last month was not only the lowest job-cut month in 2013; it was, in fact, the lowest job-cut month in more than 13 years. The last time employers announced fewer job cuts was June, 2000, when 17,241 planned layoffs were recorded. (more…)

Posted January 07, 2014 by

Job Seekers Increasingly Optimistic About Job Market

John Challenger of Challenger, Gray & Christmas

John Challenger of Challenger, Gray & Christmas

As the economy and job market continue to regain strength, job seekers are slowly becoming more confident, as evidenced by a survey of callers to an annual job-search advice hotline, 63 percent of whom believed they would find new employment in under six months. That was up from 55 percent who said the same a year ago.

While confidence is on the rise, the problem of long-term unemployment persists. More than one-third (36 percent) of callers said they had been out of work for a year or longer. That was down only slightly from a year ago when 39 percent of callers were jobless for over a year. Furthermore, 44 percent of this year’s employed callers characterized themselves as being underemployed, compared to 39 percent who said so in 2012.

The survey results are based on a random sampling of approximately 1,000 callers to a job-search advice helpline offered annually by global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc. The percentage of unemployed callers was virtually unchanged from a year ago, with 68 percent saying they were currently out of work. (more…)

Posted September 18, 2013 by

STEM Jobs Promise to Be Hottest Career Fields for Today’s College Freshmen

John Challenger of Challenger, Gray & Christmas

John Challenger of Challenger, Gray & Christmas

As the nation’s roughly 2 million college freshmen take the first steps on their career paths, the employment experts at global outplacement consultancy Challenger, Gray & Christmas, Inc., offered some advice on which areas could offer the most fertile employment landscape over the next decade.

“Many freshmen have no idea what career path they want to pursue, relying on a mix of courses in the first year to help point them in the right direction.  There is absolutely nothing wrong with that, but it is a good idea to at least be armed with information about where job growth is expected to remain strong in order to make the best decisions about one’s course selections going forward,” said John A. Challenger, chief executive officer of Challenger, Gray & Christmas, Inc. (more…)