Transcript Recruiting Trends 2006-2007

Welcome! Please standby.
The Experience Webinar
“College Labor Market Dynamics:
A Tale of Two Islands ”
is scheduled to begin at 1 pm Eastern
January 31, 2007
College Labor Market
Dynamics: A Tale of Two
Islands
Dr. Phil Gardner
Michigan State University
Experience Web Cast
January 31, 2007
“While football games may get the headlines,
it is the ‘battle of the classrooms’ that gets the
jobs, which in turn underpins our quality of life.
This is the real contest for the 21st century –
a contest for jobs, not trophies.”
-- Vance D. Coffman
former CEO of Lockheed Martin
Trends Since 2003

Rise of Retail

Rapid Decline of Manufacturing

Emergence of Knowledge Jobs

Focus on Sales and Marketing

Health –

Skills over Degree
overwhelmed by nursing shortage
Today’s Employment Opportunities
or
Experience Employers

65% Female; 6.6 years in recruiting

23,353 average size; range 6 to 334,000

Leading sectors


Key recruiting areas


Manufacturing, finance, retail and transportation
International, entire U.S., Northeast
Recruiting Strategies

Used all strategies to a greater extent than others
Shaping the Labor Market

Cost of doing business

Energy, cost of living adjustments, health,
materials

Politics

Global Forces

Labor availability



Will Boomers ever retire?
Preferences for experienced labor?
Economic structure


Housing
Consumers tapped out
Outlook

Perceptions:


Labor Market Strengthens
Regions – from good to very good
Sectors
• Really positive: oil exploration, retail, real
estate, construction
• Cautious: Professional services, wholesale,
health, civic organizations
• Experience employers tended to be more
positive

Intentions


53% will definitely hire – best in 5 years
Experience: 63% will definitely hire
Hiring: More or Less
 281
firms will actually increase hiring
(jobs increasing from 1 to 2525)



Large companies and small entrepreneurial firms
Sectors: transportation, information, lodging,
finance, utilities
Regions: Northwest, Southeast, Great Lakes
Experience employers – same distribution
 285
firms will actually decrease hiring
(jobs decreasing 1 to 448)



Mid-size firms
Sectors: construction, retail, health, professional
services
Regions: South-Central and Mid-Atlantic
Actual Hiring Figures 2006-07



Overall – growth but at a slower rate

Overall around 5% for total hires (6%)

Bachelors +3.5% (2%)

MBAs +10% (15%)

Masters -10% (10%)
Intentions

Definitely: +8%

Preliminary: -6%
Direction

Increase hiring: up 43%

Decrease hiring: down 26%
Where’s the Action?
Size

Large employers


retirements and succession planning
Small employers

engineering design, computer applications,
and research
Where’s the Action?
Sectors

Manufacturing:

Electronics, Aerospace (Defense), Medical Devices,
Food and Beverage, Machinery

Utilities

Wholesale

Oil

Transportation

Finance

Lodging and Food Service

Health

Education

as long as you are not in the greater Midwest region
Where’s the Action?
Positions

Accounting

Sales

Management training

Administrative services

Business services

Design engineers

Marketing
A Little More Detail

Management Training


Sales and Marketing


Concentrated in manufacturing, finance,
professional services, and information services
Design Engineering


Large companies in manufacturing, retail,
finance, and utilities
Dominated by small employers
Computer Services

Dominated by small employers
In Demand Majors
A much more professionally oriented list:

All Business Majors

Accounting

Marketing

Finance

Business Administration

Electrical Engineering

Mechanical Engineering

Civil Engineering

Computer Science

Nursing
Through the Looking Glass

Availability of experienced labor


Decrease in support services,
especially advertising, PR,
architectural design services


Is this an unwelcome wrinkle?
Does this foreshadow a slow down?
Better times for MBAs

Is something strategic in the wind?
Salary Outlook

Salary increases – very modest




55% of respondents not increasing salaries this year
2% increase overall – little higher in competitive
areas
Starting Salaries (some examples)

Average All Bachelors Degrees: $38,461

Engineering $45,000 to $53,000

Business $39,000 to $42,000

Social Sciences $22,500 to $44,000

MBAs $60,932
Commissions

Increasing use of commission (15% reporting)
Are you moving up or out?
Promotion or More
Challenging Position
Handshake and
the Door
 Initiative
 Unethical behavior
 Motivation
 Lack of
 Personal Attributes
 Inappropriate use of
 Learner
 Failure to
 Quality of work
 Late for work
 Communication
 Missing assignment deadlines
 Leadership
 Ineffective within a team
motivation
technology
follow instructions
Helicopter parents' try to help their kids land jobs
POSTED: 4:46 p.m. EST, November 7, 2006
CHICAGO, Illinois (AP) -- Some parents are
writing their college-age kids' resumes. Others
are acting as their children's "representatives,"
hounding college career counselors, showing
up at job fairs and sometimes going as far as
calling employers to ask why their son or
daughter didn't get a job…
Don’t Take Your Mom to Work
Oh, the things parents’ do!
 obtain information on company
 submit resumes
 promote child to company for positions
 attend career fairs
 harass company if don’t hire
 making interview arrangements
 negotiating salaries and benefits
Oh, even more amazing things parents’ do!
 helping complete work assignments
 when disciplined, talk to parent before supervisor
 pressure from parents inside company
Strategic Recruiting

Internships and Co-ops
 Revitalize programs
 Initiate programs

Internal Procedures
 Shorten interview process
 Redesign and refine behavioral questions and
candidate assessments

External Activities
 More of the same

Relationships
 Branding
 Millennial forms of communication
 Targeting – no longer need a fair
 Focus on faculty and departments
Boundaryless Career Services

Coordinate connections

Foster relationships

Student development

Timing changes

3 to 5 years post-graduation
Key Takeaways For Your Students & Alumni

Use this presentation with your students and alums to give
them an overview on the college labor market

Make students and alums aware of hot industries and sectors
and the types of positions these companies are hiring for

Grad with majors in non-professional degrees (e.g. liberal
arts) need to find ways to translate their experiences/skills
into traits desired by hiring employers

Warn students and young alums about too much parental
involvement directly with recruiters and hiring managers may
be poorly perceived by companies
Recruiting Trends 2006-2007 Report
To Order the 2006-2007 Recruiting Trends Report:
Please contact Dr. Gardner:
Philip D. Gardner, Ph.D.
CERI Collegiate Employment Research Institute
113 Student Services Building
Michigan State University
East Lansing, MI 48824
(517) 355-2211
[email protected]
http://ceri.msu.edu/
Experience Resources For Your
Students and Alumni
 Industry overview and career paths
updated in all industry channels
 New salary articles in all industry
channels with an overview in the Manage
Your Career Channel
 New content partners – Teamwork Online
and Robert Half
Student Channel Editors
 Kate – Ithaca
(Non-Profit Channel)
 Samuel – Emerson
(Entertainment Channel)
 Jen – Temple
(Accounting Channel)
 Emily – Wesleyan
(Energy & Utilities Channel)
 Lewis – University of Vermont
(Off the Beaten Path Channel)
 Nick – Xavier
(Sports Channel)
 Scott – Davenport
(Sales Channel)
 Caroline – Boston College
(Education Channel)
 Scott – USC
(Diversity Channel)
 Rob – DePaul
(Marketing Channel)
 Elizabeth – Babson
(Finance Channel)
 Sean – Washington
(Government Channel)
 Allison – University of Richmond
(Consulting Channel)
 Clint – Okalahoma State
(Technology)
 Monica – Northern Illinois
(Healthcare Channel)
New Exclusive Experiences
 Grand Circle Travel Defining Moment Video Interview
 Rebecca from University of Portland
 Job Shadow with JibJab
 Application deadline Feb 18th
 Upcoming Defining Moment Video Interviews
 Center for Disease Control and Prevention
 Enterprise Rent-A-Car
 Washington International Group
Professional Development Series

February 21, 2007 -“What Do You Do With A Liberal Arts Degree?”


Sheila Curran, Career Services Director, Duke University
and Author of ‘Smart Moves for Liberal Arts Grads’
accompanied by 2 liberal arts alums
Tell Us What You Think !

Evaluation survey will be emailed to participants

Ongoing topic submission on University Resource Channel
Q & A Session
If you would like to ask a question,
please press *1 on your telephone keypad.
Thanks for Participating!
Dr. Phil Gardner
Michigan State University
[email protected]
Experience, Inc.
[email protected]
800-583-7741