Although the May 2015 class of college graduates have another five months to wait before they receive their degree, many companies have already visited selected campuses in search of top talent to join their organization. If your company has not already recruited along the college circuit, you could be running behind in the competition.
According to the Job Outlook 2015 survey conducted by the National Association of Colleges and Employers, two out of three employers began recruiting in the Fall of 2014 for this year’s graduating class. Other findings include:
- Fifty percent (50%) of those employers surveyed plan to make a trip to the campuses this spring.
- College graduates this year have a future much brighter than in recent years. Employers surveyed plan to hire 8.3% more graduates this year over last year.
- Sixty-six percent (66%) of employers will increase their starting salaries for new graduates by an average of 3.6 percent.
- Seniors in finance, accounting, computer science and mechanical engineering are in the highest demand, as has been the case over the last few years. Over half of those employers surveyed will be offering signing bonuses to new graduates in these fields who commit to joining their company. Signing bonuses will range between $3,700 and $5,300.
- As for the screening process, over 67 percent of employers surveyed will seek candidates with a 3.0 GPA or higher. However, grades are just a portion of what employers are looking for in a recent graduate. Evidence of leadership, teamwork, communication skills, strong work ethic and the ability to solve problems will be very desirable traits as well.
If you have already begun your annual or semi-annual trips around to the various colleges and universities on your list for top recruits, congratulations on getting an early start. If you have not begun your visits, do not wait too long. Contact the career placement centers at the universities of your choice and ask them to help organize a visit. Top talent has the advantage of having many choices. Make sure your company is one of them!
The Job Outlook survey is conducted each fall to forecast hiring for the graduating class. Based on responses from 260 organizations nationwide that hire new college graduates, Job Outlook 2015 contains hiring projections for the college Class of 2015; it also offers insights into what employers seek in job candidates, information about compensation plans, and more. For more information or to purchase the survey click here.