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ERIC Number: ED512841
Record Type: Non-Journal
Publication Date: 2008
Pages: 28
Abstractor: ERIC
Reference Count: 0
ISBN: N/A
ISSN: N/A
Recruiting Trends, 2007-2008
Collegiate Employment Research Institute (NJ3)
This paper presents the recruiting trends for 2007-2008. This year's report is based on 994 respondents, including 84 K-12 school districts. The researchers focused attention on growing companies, based on lists from Forbes and Inc. magazines, and as a result, they have more small and medium-size employers represented this year. The sample represents all sectors of the economy, is well-balanced geographically, and has a good mix of companies in relation to size. For much of this year, the highly watched economic benchmarks have remained inconclusive in forecasting labor market activity. Inventories and manufacturing output figures, productivity, weak consumer confidence index, and commodity price indexes have all swung up and down, although the trend has been toward slower growth. Most employers are concerned about the fundamentals: cost pressures (for materials and inputs), rising expenses for salaries and health care, and constraints on capital (more difficult to borrow). Small employers, in particular, are incorporating these factors into their hiring plans, resulting in fewer hires this year compared to last. Large employers are faced with a very different situation. Because of impending retirements and a number of vacant positions left unfilled from last year, big companies are on a hiring binge. Most of this binge is taking place on campus. Because the availability of qualified candidates in engineering, computer science, environmental sciences, and other selected majors is perceived to be a problem, these employers are aggressively courting college seniors, hoping to lock them into employment contracts as early as possible. Despite the uncertainty, employers are overwhelmingly positive about the college labor market. The strength of the overall market is reported between "good" and "very good". [This paper was prepared by the Michigan State University Career Services Network in partnership with MonsterTRAK and Monster Intelligence. For "Recruiting Trends, 2006-2007", see ED512840.]
Collegiate Employment Research Institute. 113 Student Services Building, Michigan State University, East Lansing, MI 48824. Tel: 517-355-9510; Fax: 517-355-9523; Web site: http://ceri.msu.edu
Publication Type: Reports - Evaluative
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Michigan State University, Collegiate Employment Research Institute