Thursday, March 19, 2009

Intern, Co-op Hiring Falls

Employers taking part in NACE's 2009 Experiential Education Survey say they will cut their college intern hiring by 20.7 percent; they also plan to trim co-op rolls by 11.2 percent.

Highlights are available in the March 19 issue of Spotlight Online.

Thursday, March 12, 2009

What does the job market mean for internship programs?

This year's crop of new college graduates is facing a poor job market. What does the current economic situation mean for those still in school who are hoping to get an internship or co-op assignment this summer?

Employers have long favored internship and cooperative education programs as means to build their candidate pool, and, for many, converting interns/co-ops into full-time hires is their program's primary goal. In fact, employers typically rate these programs as among their most effective tools for recruiting full-time hires.

In the previous economic downturns, many organizations have kept their internship/co-op programs running, recognizing the value of the program not only in terms of feeding the candidate pool but also as a way to maintain the organization's image on campus and ensure campus relationships remain intact. What about this time?

Next week, NACE will publish results of its new Experiential Education Survey. The report will include hiring projections for 2009 interns and co-ops, plus metrics for internship and co-op programs.

Highlights from the report will be released in conjunction with NACE's Spotlight Online newsletter.

Wednesday, March 4, 2009

College Hiring Falls 22 Percent

NACE releases its Job Outlook 2009 Spring Update today, which shows employers plan to hire 22 percent fewer new college grads from the Class of 2009 than they hired from the Class of 2008.

These new projections override those made back in the fall, when employers reported plans to hold their college hiring at last year’s levels. More than two-thirds said they have adjusted their plans due to the econmy, with most pushing hiring downward.

This latest Job Outlook report ends a string of positive hiring reports for new college graduates dating back to 2004. Students graduating in the early part of the Millennium experienced significant drops at the hands of the bust and the terrorist attacks of September 11, 2001. Hiring fell off 36 percent for the Class of 2002 but steadied for the Class of 2003 before rebounding in 2004.

Additional data from the Job Outlook 2009 Spring Update report is available through the March 4 issue of NACE’s Spotlight Online newsletter.