Overall hiring is expected to increase 3 percent, with bachelor’s-level and MBA-level hiring both surging 10 percent, said Phil Gardner, director of MSU’s Collegiate Employment Research Institute, which conducted the survey of some 4,600 employers.
Geographically, the Great Lakes region, which took the brunt of the recession, will see a robust 13 percent increase in bachelor’s-level hiring, which is tops in the nation, Gardner predicts. The region consists of Illinois, Indiana, Michigan, Ohio and Wisconsin.
But the good news should be taken with a word of caution, Gardner said. An uptick in job growth is simply the first step out of a very deep hole, he said, and hardly represents a return to the heady economic days of the late 1990s and early 2000s.
“The national economy is certainly not returning to its previous high production base,” Gardner said. “And even though the economy has shown early signs of sustained recovery, the overall job market has remained relatively anemic.”
From an industry perspective, hiring will be driven by a core group of employers in manufacturing, professional services, large commercial banking and the federal government, the annual survey found.
Gardner said smaller banks that didn’t receive federal bailout money will continue closing their doors and slashing positions. And unlike the projected growth in federal government hiring, state governments and colleges and universities could see a drastic reduction in hiring, he said.
While mid-size companies (500 to 3,999 employees) will continue shedding positions, Gardner said large companies (at least 4,000 employees) plan to hire 114 bachelor-level employers per company next year.
That’s good news for graduates – but only if they are prepared and start working toward a position early in their college careers, said Kelley Bishop, MSU’s career services director.
Typically, Bishop said, large corporations now hire about 50 percent to 75 percent of new employees from their own intern pool.
Among the fast-growth companies (nine to 100 employees), hiring is expected to increase 19 percent, the survey said.
“These fast-growth companies in many ways represent the new economy – that bold employer that can adjust quickly, that sees a niche and runs with it,” Bishop said. “This is an important group for our students getting jobs.”
Other details of the report:Hiring is expected to decline for those with associate, master and professional degrees, with professional-degree hiring seeing the biggest drop at 13 percent. The professional category includes law, medical and veterinary degrees.
The Northeast, Southeast and Pacific Northwest could see a much weaker expansion of jobs than the Midwest.
For the past two years, starting salaries have remained stagnant for college graduates. “Remember the words ‘signing bonus?’” Gardner said. “Don’t expect to hear them again anytime soon.”
Some 36 percent of all companies said they’d consider any major for a position – an all-time high. “Most employers are out there are looking for the best candidate they can find, regardless of major,” Gardner said.
Media note: For reporters and editors wanting a copy of Recruiting Trends 2010-11, contact Andy Henion at email@example.com. All others can contact Phil Gardner at firstname.lastname@example.org
Michigan State University has been advancing knowledge and transforming lives through innovative teaching, research and outreach for more than 150 years. MSU is known internationally as a major public university with global reach and extraordinary impact. Its 17 degree-granting colleges attract scholars worldwide who are interested in combining education with practical problem solving.
Phil Gardner | EurekAlert!
How Strong Brands Translate into Money
15.11.2016 | Kühne Logistics University - Wissenschaftliche Hochschule für Logistik und Unternehmensführung
Demographic change depresses tax revenues
04.11.2016 | Fraunhofer-Institut für Angewandte Informationstechnik FIT
Among the general public, solar thermal energy is currently associated with dark blue, rectangular collectors on building roofs. Technologies are needed for aesthetically high quality architecture which offer the architect more room for manoeuvre when it comes to low- and plus-energy buildings. With the “ArKol” project, researchers at Fraunhofer ISE together with partners are currently developing two façade collectors for solar thermal energy generation, which permit a high degree of design flexibility: a strip collector for opaque façade sections and a solar thermal blind for transparent sections. The current state of the two developments will be presented at the BAU 2017 trade fair.
As part of the “ArKol – development of architecturally highly integrated façade collectors with heat pipes” project, Fraunhofer ISE together with its partners...
At TU Wien, an alternative for resource intensive formwork for the construction of concrete domes was developed. It is now used in a test dome for the Austrian Federal Railways Infrastructure (ÖBB Infrastruktur).
Concrete shells are efficient structures, but not very resource efficient. The formwork for the construction of concrete domes alone requires a high amount of...
Many pathogens use certain sugar compounds from their host to help conceal themselves against the immune system. Scientists at the University of Bonn have now, in cooperation with researchers at the University of York in the United Kingdom, analyzed the dynamics of a bacterial molecule that is involved in this process. They demonstrate that the protein grabs onto the sugar molecule with a Pac Man-like chewing motion and holds it until it can be used. Their results could help design therapeutics that could make the protein poorer at grabbing and holding and hence compromise the pathogen in the host. The study has now been published in “Biophysical Journal”.
The cells of the mouth, nose and intestinal mucosa produce large quantities of a chemical called sialic acid. Many bacteria possess a special transport system...
UMD, NOAA collaboration demonstrates suitability of in-orbit datasets for weather satellite calibration
"Traffic and weather, together on the hour!" blasts your local radio station, while your smartphone knows the weather halfway across the world. A network of...
Fiber-reinforced plastics (FRP) are frequently used in the aeronautic and automobile industry. However, the repair of workpieces made of these composite materials is often less profitable than exchanging the part. In order to increase the lifetime of FRP parts and to make them more eco-efficient, the Laser Zentrum Hannover e.V. (LZH) and the Apodius GmbH want to combine a new measuring device for fiber layer orientation with an innovative laser-based repair process.
Defects in FRP pieces may be production or operation-related. Whether or not repair is cost-effective depends on the geometry of the defective area, the tools...
10.01.2017 | Event News
09.01.2017 | Event News
05.01.2017 | Event News
16.01.2017 | Power and Electrical Engineering
16.01.2017 | Information Technology
16.01.2017 | Power and Electrical Engineering