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

Posted May 24, 2019 by

5 Ways Small Businesses Can Compete for Top Talent in a Tight Job Market

When it comes to recruiting top talent, it’s always been a challenge for smaller businesses to compete with large, well-known companies. While large organizations have name recognition, big marketing budgets and fully-staffed departments dedicated to human resources and talent acquisition, smaller companies must find more creative ways to attract and retain high-quality candidates.

In today’s tight labor market, this challenge has become more formidable. Consider this: In June of this year, the Bureau of Labor Statistics reported that there are 6.7 million jobs open in the U.S. and only 6.4 million available workers to fill them. Low unemployment coupled with a shortage of talent in many areas, has made hiring a tough job for companies of all sizes, but particularly for small- to mid-sized organizations.

According to a 2018 report from Vistage International, a peer mentoring organization for CEOs, business owners and executives of small- to mid-sized companies, 61% of small and mid-sized businesses expect to increase their workforce in the next 12 months. In addition, a recent CareerBuilder survey found that companies across the globe are looking to revamp their hiring efforts to fill both temporary and full-time positions in 2019. The same survey found that 44% of businesses are planning to hire full-time employees and 51% are planning to hire temporary employees. But roughly half of all the hiring managers surveyed said they are unable to fill much-needed positions due to a lack of qualified talent.

The heightened competition for talent has increased salaries and benefits across many industries, as well as the number of company perks. In this highly competitive environment, smaller companies, who are not able to offer the same type of compensation and benefits packages, must find other ways to grab the attention of job seekers and find the best candidates for open positions. Some proven strategies include:

1. Form Relationships with Candidates

The first step in forming relationships is to “get social.” Smaller businesses must have a strong presence on LinkedIn and other social media. A Pew Research Center survey found that 79% of Americans who were looking for work used the Internet to view job listings, learn about companies and apply for jobs. Of those, 34% said online resources were their most important tool.

It’s also important for small businesses to have a well-developed LinkedIn profile. These profiles are free and offer great exposure. They help candidates find businesses that they would otherwise never know about. LinkedIn also serves as a free resume database, allowing job seekers to search though hundreds of candidates and reach out to those who are a great match. Keep in mind, however, that LinkedIn is far more popular amongst Gen X’ers and Baby Boomers than Gen Z’ers and Millennials. LinkedIn’s own statistics indicate that only 1.5% of Gen Z’ers and Millennials use LinkedIn even on a monthly basis.

In addition, forming a relationship involves being more “hands on” throughout the recruiting process. Provide company updates or news and check in with candidates via a personal phone call or email. During the interview process, include executives and managers who may be working with this person. This shows the candidate that they’re valued enough for the CEO or other executives to take the time to speak with them.

To relate with younger candidates, it’s also important to adopt a mobile-enabled application process, which means that not only must it be possible to apply for a job using an Android or iPhone, but that it’s easy to do without having to use third-party services such as “Apply With LinkedIn.” Most candidates either don’t have those third-party services, don’t know how to use them, or don’t want to use them.

Mobile devices are increasingly becoming more entrenched in our everyday life, especially within younger populations. According to Glassdoor, 89% of job seekers say their mobile device is an important tool for job searching and 45% use it to search for jobs at least once a day.

2. Attend Networking Events and Job Fairs – and Seek Referrals

When you’re shopping for caviar, but you have a fast food budget, you must work harder to find candidates. Simple job postings rarely do the trick. Even with a small staff, it’s worth the time and effort to attend networking events and job fairs. While the big company names draw candidates to an event, it puts you in good company. Not only do these events expose you to candidates who don’t know who you are, it allows you to present your company “in person.” Talking with someone face-to-face and conveying your enthusiasm and passion for your workplace and the position are more effective than a job posting. Of course, that means sending the right person to represent your company at job fairs and other events! Make sure they’re representing your company in the best light possible.

A Jobvite Job Seeker Nation Study found that 39% of job seekers rated initial contact with a company as making the biggest impact on their impression of an organization. You can capitalize on this by presenting a friendly, but knowledgeable face at job fairs, taking the time to really get to know candidates and what they want, and following up with personalized emails – something that larger companies are unlikely to do.

Small businesses can also broaden their reach by working with the right partners, such as recruiting agencies, co-ops, chambers of commerce and professional networking groups, which may result in listings in professional directories and word-of-mouth referrals.

Finally, look inside your company. Your employees can be your most passionate advocates. In fact, research by Deloitte found that employee referrals are the number one way organizations find high-quality hires. Fifty-one percent of companies surveyed named employee referrals among their top three most effective sources. Let employees know you have open positions and encourage them to share job postings with family, friends and professional associates. You may also consider offering a small bonus to employees who recommend someone who is hired. Of course, the more you rely on referrals, the less diverse your workforce will be — and numerous studies prove that diverse workforces are more productive.

3. Build and Maintain College Campus Relationships

The first step in working with colleges is to carefully research which schools are the best fit for your organization — including majors, quality of programs, student population, school location, etc. Once selected, the most successful university relations and recruiting programs take a long-term approach, building and maintaining relationships. Work closely with the career center staff to learn about a college’s culture, student demographics, degree programs and traditions. Then take it a step further by getting to know other key contacts, including faculty and administrators.

Even when your company is not hiring, be sure to maintain these relationships. Look for ways to stay involved: Can you offer a co-op or internship program (internships are a highly-effective way to find full-time hires and increase retention)? Can you volunteer to help with mock interviews or critiquing resumes? Can you speak to students about skills that employers are looking for?

Another factor to consider is whether you need to target candidates by which school they attend (or attended) at all. A rapidly increasing minority of employers, both large and small, are using workforce productivity data and discovering that the college an employee attended is poorly correlated (and sometimes even negatively correlated) with the productivity of the employee. Why? Reasons vary, but one explanation is that those who graduate from elite schools rarely stay with their first employer for as long as those who graduated from second- or third-tier schools.

If you want a diverse, inclusive and productive workforce, you should supplement your on-campus recruiting efforts with so-called virtual recruiting efforts, which typically means advertising your part-time, seasonal, internship and entry-level jobs on sites like College Recruiter that primarily target students and recent graduates of all one-, two- and four-year colleges and universities.

4. Promote Company Culture

When you can’t compete with compensation, you can still attract top talent by promoting your company’s culture and perks. The good news for small businesses is that competitive wages aren’t the only thing that can attract employees. Younger workers consider overall culture to be a major contributor to job satisfaction, according to a Society for Human Resource Management survey.

You may not be able to offer a fully-stocked kitchen and exercise rooms ala Google, but flexible work hours, remote work options, monthly workplace events, professional development courses, community-involvement and other perks can be very attractive to the right candidates.

According to a 2018 study by SCORE, a business mentoring network in the U.S., employee perks not only attract better, more qualified employees, but they are also such a powerful selling point that they can boost employee retention and job satisfaction levels. In fact, SCORE reports that benefits and perks in the workplace are often more important to employees than higher pay. The percentage of employees who took the following perks/benefits into account when choosing an employer were:

  • Flexible hours – 88%
  • More vacation time – 80%
  • Work-from-home options – 80%
  • Student loan assistance – 48%
  • Free gym membership – 39%
  • Free snacks – 32%
  • Weekly free outings – 24%

If you offer special perks, be sure to promote them. A great way to do that is to include video in your marketing efforts. A small number of job boards, including College Recruiter, not only allow you to include video within your job postings, but even let you do so for free!

5. Highlight Intangible Benefits

There are many benefits to working with a smaller company, such as greater flexibility, more diversity in day-to-day responsibilities, less bureaucracy, closer relationships, teamwork and the opportunity to make a direct impact on the bottom line. These benefits can be particularly attractive to younger workers who value “hands on” work that results in meaningful contributions from the get-go.

In addition, top talent is drawn to companies that are innovative and offer opportunities to grow and learn. You can use this to your advantage by talking about how candidates won’t be “boxed in” by a role, as happens within many large organizations. The nimble nature of small companies allows employees to wear many hats, which can be very appealing and can often compensate for a lower salary.

Today’s candidates have far more power during the job search and are also job hopping more than ever before. To succeed in this candidate-oriented job market, it’s important for small businesses to develop innovative recruiting and hiring strategies to fuel growth.

Sources:
“Best Practices for Recruiting New College Graduates,” by Mimi Collins, National Association of Colleges and Employers, NACE, October 13, 2017.
“Recruitment Statistics 2018: Trends & Insights in Hiring Talented Candidates,” TalentNow.com, February 2, 2018.
Vistage International, 2018 CEO Report on Business Growth
“What’s More Important at Work: Better Perks and Benefits or a Higher Salary,” Biospace, June 27, 2018.
“7 Tips for Small Businesses Competing with Large Employers for Talent,” Collegeforamerica,com, Workforce Insights, June 28, 2017.

Posted May 13, 2019 by

Salary Statistics and What They Mean to You

First, the good news: The unemployment rate in the U.S. is the lowest it’s been since 2001, and the percentage of prime working age adults who are employed is the highest it’s been since 2008.1 Though this improvement in the job market hasn’t been consistent across all industries, job functions and regions, there appears to be an overall improvement.

While this is undoubtedly positive for both graduates seeking jobs and the economy, it presents a few challenges for agencies and employers, particularly small to mid-sized companies. Many positions are getting harder to fill and candidates now have more choices, and therefore, increased bargaining power, often giving larger employers an advantage.

Though location, benefits, flexible hours and work environment are important factors in a career decision, salary is still ranked as the most important influence. A recent survey by Glassdoor shows that 67 percent of job seekers pay attention to salary when scanning job ads, more than any other piece of information on a position.

With that in mind, we’ve gathered some statistics on average starting salaries for 2018 graduates to help with your recruiting efforts this year.

Average Starting Salary Projections by Discipline/Bachelor’s Degree for the Class of 20181

1. Engineering $66,521 +less than 1% over last year
2. Computer Science $66,005 +less than 1% over last year
3. Math & Sciences $61,867 (Physics – $69,900) +4.2% over last year
4. Business $56,720 (Marketing – $62,634) +3.5% over last year
5. Social Sciences $56,689 +6% over last year
6. Humanities $56,688 +16.3% over last year
7. Agricultures & Natural Resources $53,565 no information available
8. Communications $51,448 -less than 1% versus last year

 

According to NACE’s Winter 2018 Salary Survey report, students earning engineering, computer science, and math and science degrees are not only expected to be the highest-paid graduates at the bachelor’s-degree level but will also be in the highest demand.

WHAT’S LOCATION GOT TO DO WITH IT?

While an entry-level Software Engineer in the San Francisco Bay area can expect an average salary of $109,3502, the same position in Michigan has an average starting salary of $64,544.3 This is just one example of the often-sizable differences you’ll find in salaries based on geography. As you might expect, the two major factors that determine these variations are demand and cost-of-living.

States with the highest cost-of-living, such as Washington D.C. and California must adjust salaries upward in order to provide “livable compensation” and attract talent, while states with lower cost-of-living, such as Mississippi and Arkansas will typically offer less in for the same position.

States with the Highest Cost-of-Living

  1. Hawaii
  2. Washington D.C.
  3. New York
  4. California
  5. New Jersey
  6. Maryland
  7. Connecticut
  8. Massachusetts
  9. Alaska
  10. New Hampshire

Source: The Motley Fool, “15 States with the Highest Cost of Living,”
Christy Bieber, July 5, 2018.

Demand for a particular job also affects salaries. In fact, job availability is a major factor for candidates when determining where to live. Based on research by U.S. World News and Report, the states with the highest overall job growth are:

  1. Hawaii
  2. North Dakota
  3. Colorado
  4. Utah
  5. New Hampshire
  6. Nebraska
  7. Minnesota
  8. Iowa
  9. Massachusetts
  10. Wisconsin

Of course, these rankings refer to overall employment. Demand for specific jobs may differ by state, as well. For example, web developers and solar panel installers are in high demand in California, while Ohio is looking for more registered nurses to fill open positions.                            


SAME OCCUPATION, DIFFERENT PAY?

In addition to geography, the salary for a particular job can differ dramatically. The most obvious reason is that no job is exactly the same, even if a position has a similar job title. Variations in job responsibilities, company size and requirements all impact pay for jobs within the same occupation. The wider the variations, the greater the salary ranges. Some of the factors that affect salaries in the same occupation include:

Education/credentials: In many cases, jobs that require advanced degrees or professional certification earn more than others in the same occupation who don’t expect these credentials. Employers who require more credentials typically offer higher salaries, even when the job title is the same.

Experience and skill: In general, the longer someone does a job, the more productive he or she becomes and can, therefore, command a higher salary for their expertise. Candidates who have in-demand skills also may earn more.

Industry or employer: Salaries for the same or similar job titles often vary by industry and employer due to working conditions, type of clientele, training requirements, and demand.

Job responsibilities: Not all Marketing Managers are created equal! There are wide variations in job responsibilities under certain job titles. In major corporations, for instance, this position may require managing a large department and a very generous budget, while smaller enterprises will have fewer people to oversee, smaller budgets and comparatively less responsibilities.

Competition and performance: Some occupations are extremely competitive, and therefore, must offer higher salaries to attract the most successful employees. Workers whose pay depends on their job performance also might have very high wages.

The occupations with the biggest differences in salaries/wages are:4

  • Arts, entertainment and sports
  • Healthcare
  • Management
  • Sales, business, and financial
  • Science, math, and engineering

As you look to recruit talent in 2019 and beyond, knowing what salary to offer based on your industry, job demand, geography and job requirements can help you attract and place the best candidates for every position.


1National Association of Colleges and Employers (NACE), 2018 Winter Salary Survey
2PayScale, 2018.
3Indeed.com, 2018.
4U.S. Bureau of Labor Statistics, 2018.

Posted May 03, 2018 by

Hiring for entry level at scale? Here’s your guide to writing excellent job postings.

 

The quality of your job posting has a direct impact on how many applicants you will receive. If you need to hire for dozens, hundreds or even thousands of entry-level positions, we’ve got some tips to give your job posting the kick in the pants it needs to attract more top talent.

Over the years at College Recruiter, we’ve heard tons of feedback from our employer customers and other job boards on the effectiveness of a wide variety of job postings. Some postings generate way more views and applications than others, and unfortunately, few employers take full advantage of these tips to stand out to the right entry-level candidates. In this guide, we address your job title, whether to include salary, video, talking about your culture, and more.


Download the full guide to see our tips for creating excellent job postings to help you

hire college students and grads at scale


For example, the title of your job posting is critical. Candidates very well may know some of the industry jargon, but you have to think like a job seeker. Give your posting a title that will be searched for. Instead of titling it “SD IV,” use the title Software Developer and drop the internal lingo.

Your job posting is an advertisement. Nothing more and nothing less. You want it to generate interest in the position, so there is no reason to use the full job description, which is more of a legal document than a sales document.

Download the full guide to see our tips for creating excellent job postings to help you hire college students and grads at scale

The guide touches on what will specifically attract Gen Z talent to your posting. If you understand what they seek in a job and a career, such as stability and growth, your job posting can speak to that. This younger generation of talent wants to work at organizations that make a positive impact or have a strong sense of purpose. If that’s your organization, your job posting should reflect that.

Posted May 01, 2018 by

Aptitude and attitude isn’t enough: Interview with Randy Pennington about hiring for altitude

 

Randy Pennington, owner of Pennington Performance Group, has been talking recently about the need to hire for “altitude,” in addition to aptitude and attitude. We interviewed him to find out more. Pennington is an expert in helping organizations build cultures focused on positive results in a world of uncertainty, relationships, and accountability. He will be a speaker at SHRM 2018, presenting a mega session titled “The Six Competencies You Need to Remain Relevant in a World of Disruption and Change.” Here we share takeaways from our conversation about recruiting and developing employees, including entry-level, to increase your organization’s altitude.

(more…)

Posted April 18, 2018 by

Recruiting diverse entry-level talent: Interview with Kathryn Christie

 

To get another perspective on diversity recruitment, I interviewed Kathryn Christie, the Director of Talent at Self Management Group. She has a passion for uncovering how to develop and retain high-performing employees to drive individual and organizational excellence. At SHRM 2018 conference she will be presenting “Recruiting Diversity: Let’s Get Tangible.” Here we share her insight about recruiting diverse entry-level talent. (more…)

Posted November 29, 2017 by

Recruitment analytics: How you can use data to adjust your hiring process

 

For so long, recruiters have trusted our guts to make hiring decisions (myself included). However, it is hard to ignore the value that big data, and recruitment analytics, bring to talent acquisition. I checked in with Kevin Grossman, President of The Talent Board, the nonprofit that oversees the Candidate Experience Awards each year. He gives his insight below into how recruiting professionals can and should respond to data in their hiring process.

Grossman will deliver the closing keynote address at the College Recruiting Bootcamp on December 15, 2017. His presentation will address how to scale hiring by including non-traditional students and grads in the hiring process. Following his presentation, Grossman will moderate a panel to continue the conversation. Attendees will include leaders in HR, talent acquisition and university relations. To join us and hear what strategies and tactics you might not have considered yet to attract and retain entry-level talent, register for the bootcamp here. (more…)

Posted October 09, 2017 by

Work engagement: Millennial expectations of inclusion and concrete tips for managers

 

To engage at work, an entry-level employee needs a lot of support at first. Managers play a crucial role in work engagement, and it isn’t an easy job. Two talent acquisition experts share their advice here on how to engage new hires, how that relates to inclusion, and what employers can do to retain their talent. In part one of this conversation, we discussed how engagement impacts the bottom line, and how to measure it.

Watch our discussion here, or read the takeaways in the blog below.

 

Janine Truitt is Chief Innovations Offer at Talent Think Innovations, and Alexandra Levit is a workplace consultant and author of the new book “Mom.B.A.: Essential Business Advice from One Generation to the Next.”

Engaging managers check in with entry-level employees very, very often

Truitt says that entry-level employees “come in with a set of high expectations. And so for that reason, in the very beginning, accountability to engage them falls more on the employers, specifically a manager, to touch base with them very, very often.” She contrasts today’s entry-level employees’ expectations with those of older workers. They don’t want to do grunt work just to pay their dues “the way we used to when we were kids,” she says. Instead, millennials “want to do meaningful work and make a contribution right away, and so we have to make sure that we are setting reasonable goals that allow them to do that.”

Managers should meet often with entry-level employeesTo engage entry-level employees, managers must be willing to touch base with them very frequently. As Levit puts it, “no news is bad news. If they don’t hear from their manager a lot, then it means they’re doing a bad job.”

Employees are also responsible. “The employee is responsible because they decide how they want to show up daily,” says Levit. “That is to say, if you are unhappy with the circumstances, you have options. Speak up and be heard. Allow for, and provide, a solution—or find a new place of work, understanding that it isn’t the right fit for you.” For entry-level employees, the onus is more on the manager, but “as tenure goes on, it becomes more of a shared accountability.”

“Tour of duty” hires may increase work engagement

Levit likes the idea of hiring entry-level or young professionals on for a term commitment. For example, each hire might agree to a three year “tour of duty”, to use LinkedIn co-founder Reid Hoffman’s language. During that time, the employee and manager both agree on specific goals that will further their career and the organization. “It’s an understanding that you are going to be accountable during that time. But once that project is done or once the goal is accomplished, you then have to choose again. Do you want to find another project within the organization or do you want to leave?”

This practice is a new way of looking at this. Levit thinks it’s great for the younger workers who know they won’t stay at an organization for 20 years, like their parents did.

Engagement and inclusion go hand in hand, but millennials think your inclusion plan is strange.

Inclusion means that different people can “show up as they are,” says Levit, “and be heard, seen, respected, and valued.” If everyone in the C-suite is invested in a set of values that allow people to be great when they come to work, says Levit, “I’m not sure that a plan is needed.”

Companies who care about their employees’ well-being, including their lives outside of work hours, “tend to squelch the employee engagement crisis by focusing on the whole of the person.”

For inclusiveness to positively impact engagement, it has to be about more than just getting a bunch of diverse individuals in a room. Those individuals have to be heard.

Work engagement for millennials is inclusiveEntry-level employees, adds Levit, find the idea of an inclusion plan very strange. They question its authenticity and wonder why inclusion isn’t just “a regular part of what everybody’s doing.” Resources like affinity groups that many employers see as best practice in inclusion, don’t resonate with millennials. For them, says Levit, inclusion should be a given. You should be able to walk into the lobby of an organization and see all different types of people that have different experiences, expressing different perspectives.

If your entry-level employees don’t feel they can express their perspectives, and that their opinions are valued, then they will not be happy with their organization, and will disengage. This is something that managers have to adjust to, “especially baby boomers who are more used to having young professionals basically keep their mouth shut until they’re in a position of authority,”

What’s missing is individualized attention

Ultimately, says Truitt, “if your goal is to be profitable and be the best in your industry, then you want anybody—whomever they may be—to come into your organization and help you achieve that goal.” She agrees that there is too much emphasis on surface identities because that doesn’t address real inclusion. You shouldn’t spend all your time calculating how many Blacks, how many women, and how many differently-abled hires have you made. That’s the wrong focus, and millennials get that intuitively. They don’t want to be identified by some protected class.

Join the group to hear more talent acquisition advice

 

What’s missing is individualized attention to people. “We can make really good statements all day about Gen-Xers. We can make blanket statements about Gen-Y. Ultimately, however, they’re not true of everybody,” says Truitt. And there’s no checklist for all the possible differences that people bring into your organization. The solution has to be treating everyone as an individual. “When they walk through the door we’re going to treat them as such and treat their needs and their wants and their motivations as such.”

In Levit’s research with the Career Advisory Board, they have found recently that “it’s a myth that people don’t want to stay with organizations, that they want to jump around from place to place,” says Levit. If they are satisfied and they feel valued, they want to stay. Like any human beings, your entry-level employees like reliability and stability. So if your company demonstrates that you care, they’re going to want to stay there.

Also read: Touch points during an employee’s tenure that can tell a story of engagement 

Examples of companies that engage well

1. Microsoft. Truitt points out how much she loves Microsoft’s tagline. It is Come as you are. Do what you love. This is engagement in a sentence.

2. Not many, actually. When you look at the numbers that 87% of people are disengaged globally understanding, we see that no one is doing this particularly well, Levit points out.

3. Netflix is an example, says Truitt, of a company that takes engagement seriously. They don’t want disengaged employees to linger and influence their environment. They have policies that essentially say, “hey, if doesn’t work for you anymore we’ll actually pay you to leave. Rather than have you sit here and be disengaged and drag down the workforce.” With a policy like that, people who stay tacitly opt in to engage. It’s a mental agreement where they decide to stay because they want to be there.

4. Companies who care. In Truitt’s consulting work, she finds that the companies that achieve high engagement are “the ones that not only care about what they get out of people at work, but how their people are doing outside of work.” They care about their kids, their health and personal hardship.

[Video]: How GSE succeeds in engaging their entry level employees

Concrete tips for managers to engage entry-level employees today

Tip for managers to increase work engagement

1. Leaders should listen more than they speak. There is nothing worse than a manager who loves to hear themselves speak and believes they are the brightest person in the room.

2. When there a small to complex issues to sift through encourage your team to offer up ideas either individually or as a collective. Ensure that there is a myriad of ways that team members can contribute their thoughts.

3. Often times, the employees who are more vociferous by nature get to shine because they are first to speak up and the boldest. Create a safe space for the more introverted employee who may have great ideas, but do better in sharing ideas in a one-on-one environment.

4. Don’t just ask for feedback, try to incorporate it.

5. Customize career goals for each individual and map them to the big picture.

6. Be accessible and talk to employees about what’s going right, not just when something is going wrong.

Posted September 12, 2017 by

How and when technology can help reduce hidden bias in hiring

 

Technology can help facilitate the awareness of hidden bias, but the tools themselves are not the solution. We spoke with two talent acquisition and workforce planning experts to discuss recruitment technology. Our conversation went far beyond the tools available for recruiters.

Bruce Soltys is the Head of Talent Acquisition Sourcing Strategies at Travelers, and Janine Truitt is the Chief Innovations Officer at Talent Think Innovations. They are both members of our Panel of Experts.

Watch our discussion here, or read the takeaways in the blog below. 
(more…)

Posted August 16, 2017 by

Not sure what to major in? See if your passion fits these in-demand degrees.

 

If you haven’t selected a major yet, you are probably getting all kinds of advice from peers, parents, faculty and everyone with an opinion on social media. Many advise that you study what you’re interested in. To follow your heart, because that way you’ll find a job you’re passionate about.

Considering a major that will actually be in demand

I agree wholeheartedly that you should study what you care about. But shouldn’t you at least know what degrees are actually in demand, so you can make an informed decision?  (more…)

Posted August 02, 2017 by

Northwestern Mutual’s internship program is their solution to aging workforce challenges [video]

 

The financial services industry, like many industries, is facing significant aging workforce challenges.

The demand for financial advisers is expected to increase 30% from 2014-2024 (US Bureau of Labor Statistics). However, some estimates predict that 35% of advisers plan to retire or leave the industry within the next 10 years (Cerulli & Associates). Northwestern Mutual’s Internship Program Director, Michael Van Grinsven, shared with College Recruiter how they plan to overcome the looming talent shortage. (more…)