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 19, 2009
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.
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 dot.com 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.
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 dot.com 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.
Thursday, February 19, 2009
Hiring projections update coming in early March
Just a quick heads up: NACE is currently surveying employers about their hiring projections for the college Class of 2009, and expects to release the results in early March through its Spotlight Online newsletter.
The new data will update the hiring projections NACE released back in the fall; those projections showed "flat" hiring, with employers anticipating hiring approxmimately the same number of grads from the Class of 2009 as they hired from the Class of 2008. (See Hiring Flat for College Class of 2009)
The new data will update the hiring projections NACE released back in the fall; those projections showed "flat" hiring, with employers anticipating hiring approxmimately the same number of grads from the Class of 2009 as they hired from the Class of 2008. (See Hiring Flat for College Class of 2009)
Thursday, February 12, 2009
Follow up: Strategies for Delivering Career Services in a Down Economy
On Thursday, February 12, 600+ career centers took part in NACE's free web seminar to discuss providing critical services in a challenging environment. (Note a free archive of the session will be available shortly; the link will be posted on the NACE home page at www.naceweb.org.) Two important pieces for follow up:
* NACE Foundation Funding Great Ideas: At the opening of the seminar, NACE President Manny Contomanolis announced that the NACE Foundation is offering two (2), $1,000 prizes for the best examples of programs, strategies, or practices developed and launched as a result of the current financial crisis. One award will go to an employer for a college relations/recruiting initiative; the other will go to a college career center for the best career development initiative. For details, see www.naceweb.org/about/nacefoundation/2009contest.htm.
More Questions/Comments: Although the seminar included a healthy Q&A session, there were more questions and comments that couldn't be addressed during the live session. As result, we're posting them here, and inviting your responses and comments:
Do you anticipate downward pressure on wages?
What are some of the growing markets?
Have you all seen a large increase in rescinded offers?
To those schools that reduced employer registration costs for career fairs: Did it actually increase participation?
How effective has the electronic resume book been when used by employers?
Can you discuss specific ways to reach out to alumni?
Comment: In the UK, the advice has been for grads to take lower paid jobs--check out guardian.co.uk/education
Comment: This may be the time to stop thinking about how to get students into our offices but rather how do we get out to them, e.g., use web technology to reach them.
Comment: Regarding students attending in-person evetns: Our experience at Saddleback College is that they want to be able to access events/services online at all times of the day/evening.
Post your responses, comments, and ideas. Keep the discussion going!
* NACE Foundation Funding Great Ideas: At the opening of the seminar, NACE President Manny Contomanolis announced that the NACE Foundation is offering two (2), $1,000 prizes for the best examples of programs, strategies, or practices developed and launched as a result of the current financial crisis. One award will go to an employer for a college relations/recruiting initiative; the other will go to a college career center for the best career development initiative. For details, see www.naceweb.org/about/nacefoundation/2009contest.htm.
More Questions/Comments: Although the seminar included a healthy Q&A session, there were more questions and comments that couldn't be addressed during the live session. As result, we're posting them here, and inviting your responses and comments:
Do you anticipate downward pressure on wages?
What are some of the growing markets?
Have you all seen a large increase in rescinded offers?
To those schools that reduced employer registration costs for career fairs: Did it actually increase participation?
How effective has the electronic resume book been when used by employers?
Can you discuss specific ways to reach out to alumni?
Comment: In the UK, the advice has been for grads to take lower paid jobs--check out guardian.co.uk/education
Comment: This may be the time to stop thinking about how to get students into our offices but rather how do we get out to them, e.g., use web technology to reach them.
Comment: Regarding students attending in-person evetns: Our experience at Saddleback College is that they want to be able to access events/services online at all times of the day/evening.
Post your responses, comments, and ideas. Keep the discussion going!
Wednesday, February 4, 2009
Free Web Seminar for NACE Members
"Strategies for Delivering Career Services in a Down Economy" - Thursday, February 12, 1 - 2 p.m.
Ed Koc, NACE director of strategic and Foundation research, will provide insight into results of NACE's latest quick poll: Find out what's going on on campus and what the numbers mean. Lisa Hinkley, Lake Forest College, and Kathy Sims, UCLA, will share information about how college career services are rising to the challenge. Take part in the Q&A: Get your questions answered/share your insights.
This web seminar is free to members, but registration is required.
See www.naceweb.org/education/workshop/021209strategies/ .
Ed Koc, NACE director of strategic and Foundation research, will provide insight into results of NACE's latest quick poll: Find out what's going on on campus and what the numbers mean. Lisa Hinkley, Lake Forest College, and Kathy Sims, UCLA, will share information about how college career services are rising to the challenge. Take part in the Q&A: Get your questions answered/share your insights.
This web seminar is free to members, but registration is required.
See www.naceweb.org/education/workshop/021209strategies/ .
Friday, January 30, 2009
Class of 2009 Salaries Are Flat
NACE’s Winter 2009 Salary Survey report shows that starting salary offers to the college Class of 2009 are flat, with average offers hovering at or near those for the Class of 2008. (See http://www.naceweb.org/salarysurvey/sscover0109.htm .)
The “norm” over the past several years has been for average salaries to new college graduates to increase each year. In fact, the average offer to a bachelor’s degree grad from the Class of 2008 was 4 percent higher than the average offer to the same type of grad from the Class of 2007. The average offer to the Class of 2009 grad, however, shows virtually no movement.
That “flatness” can be seen within specific disciplines, too. Even degrees deemed “in demand” by employers are seeing little in the way of salary increases. Consider the case of computer science grads: Last year at this time, as a group, grads earning degrees in the computer science disciplines saw their average increase 8 percent over the previous year. This year, these “in demand” grads are averaging slightly less than they did a year ago.
Some perspective: This is NACE’s first salary report for the Class of 2009, and the offers reported at this time represent just a small portion of what we can expect for this year’s grads.
The “norm” over the past several years has been for average salaries to new college graduates to increase each year. In fact, the average offer to a bachelor’s degree grad from the Class of 2008 was 4 percent higher than the average offer to the same type of grad from the Class of 2007. The average offer to the Class of 2009 grad, however, shows virtually no movement.
That “flatness” can be seen within specific disciplines, too. Even degrees deemed “in demand” by employers are seeing little in the way of salary increases. Consider the case of computer science grads: Last year at this time, as a group, grads earning degrees in the computer science disciplines saw their average increase 8 percent over the previous year. This year, these “in demand” grads are averaging slightly less than they did a year ago.
Some perspective: This is NACE’s first salary report for the Class of 2009, and the offers reported at this time represent just a small portion of what we can expect for this year’s grads.
Subscribe to:
Comments (Atom)