Recruiting Trends 20062007

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Recruiting Trends2006-2007

• Dr. Phil Gardner
• Collegiate Employment Research Institute
• Michigan State University
• gardnerp_at_msu.edu
• CERI.MSU.EDU

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Bring out the band!The 2006 recruiting parade
has begun

• But hold off on the backflips

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• 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

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Special Acknowledgements

• Our partners
• Experience
• MonsterTrak
• The Idealist
• Staff
• Jennifer Leedy
• Brenda Robinson
• Student Assistants
• Special Assistant
• Kelley Bishop
• Linda Gross

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Whats New?

• New targets
• Education
• Sports management
• Non-profits
• Arts and entertainment
• Salary

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Riding the job wave
Living on Survivor Island
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Shaping the Labor Market

• Cost of doing business
• Politics
• Global Forces
• Labor availability
• Will Boomers ever retire?
• Preferences for experienced labor?
• Economic structure
• Housing
• Consumers tapped out

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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
• Intentions
• 53 will definitely hire best in 5 years

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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
• 285 firms will actually decrease hiring (jobs
  decreasing 1 to 448)
• Mid-size firms
• Sectors construction, retail, professional
  services, health
• Regions South-central and Mid-Atlantic

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Actual Hiring Figures 2006-07

• Overall growth but at a slower rate
• Overall around 5 for total hires
• Bachelors 3.5
• MBAs 10
• Masters -10
• Intentions
• Definitely 8
• Preliminary -6
• Direction
• Increase hiring up 43
• Decrease hiring down 26

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Wheres the Action?Size

• Large employers
• retirements succession planning
• Small employers
• engineering design, computer applications, and
  research

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Wheres the Action? Location

• Northeast
• South Central
• Great Lakes (except Michigan)
• Mid Atlantic
• Upper Plains (Minneapolis)

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Wheres the Action?Sectors

• Manufacturing
• Electronics, Aerospace (Defense), Medical
  Devices, Food and Beverage, Machinery
• Utilities
• Wholesale
• Oil
• Transportation
• Finance, Lodging and Food Service
• Education
• as long as you are not in the greater Midwest
  region

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Wheres the Action?Positions

• Accounting
• Sales
• Management training
• Administrative services
• Business services
• Design engineers
• Marketing

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A Little More Detail

• Management training
• Large companies in manufacturing, retail,
  finance, and utilities
• Sales and marketing
• Concentrated in manufacturing, finance,
  professional services, and information services
• Design engineering
• Dominated by small employers
• Computer services
• Dominated by small employers

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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

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Tying Things Together

• Example of the labor market cycle

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Through the Looking Glass

• Availability of experienced labor
• Is this an unwelcome wrinkle?
• Decrease in support services, especially
  advertising, PR, architectural design services
• Does this foreshadow a slow down?
• Better times for MBAs
• Is something strategic in the wind?

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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 45,00 to 53,000
• Business 39000 to 42,000
• Social Sciences 22,500 to 44,000
• MBAs 60,932
• Commissions
• Increasing use of commission (15 reporting)
•  Errata
• Average teacher salary 33,000
• Range 17,500 - 47,650
•       

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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

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Are you moving up or out?

• Handshake and the door
• Unethical behavior
• Lack of motivation
• Inappropriate use of technology
• Failure to follow instructions
• Late for work
• Missing assignment deadlines
• Ineffective within a team

• Promotion or more challenging position
• Initiative
• Motivation
• Personal Attributes
• Learner
• Quality of work
• Communication
• Leadership

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Helicopter parents' try to help their kids land
jobs POSTED 446 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
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Dont 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 dont 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

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Table of Contents Chapter 1 What's
Brewing?"If I'm still here when they pass out
those gold watches, please shoot me" Chapter 2
Trash the word Job"I don't want to be a
cookie-cutter corporate clone" Chapter 3
Multiple Layers of Getting Ready for
Self-Employment"If only I knew how to get where
I want to be" Chapter 4 Self Employment The
Meat and Potatoes"Flying Solo" Chapter 5
Loving Your New Office"It's amazing how much I
can get done when I don't have to wear shoes"
Chapter 6 Life Planning and Other Important
Stuff"You mean I still have to pay taxes?"
Chapter 7 Warning Roadblocks Ahead"What
will I tell the folks?" Chapter 8 The
Colorful Palette of Self-Employment"Do I get a
life preserver before I jump?"
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MonsterTRAK Survey

• Surveys from 11,666 people
• 10,221 ages 18-28 (average age 22)
• 1,046 ages 29-39
• 310 ages 40-50
• 89 ages 51-61
• Of the 10,221 emerging adults
• 3,120 males, 7,122 females
• Race/ethnicity breakdown
• 817 African Americans
• 1,812 Asian
• 650 Hispanic
• 6,026 White
• 934 Other

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6 Factors describing emerging adults

• Job Surfing
• I would be willing to endure frequent job
  changes in order to find a job that fits my
  interests and abilities. I believe I still have
  a few years to try out different jobs before I
  settle down into a career.
• Career/life Vision
• I dont have any specific goals for this
  year. I cant imagine what my life will be like
  10 years from now.
• Marriage
• Marriage is not a high priority for me at
  this point.
• Goal Instability
• Its hard to find a reason for working. I dont
  seem to get going on anything important.
• Superiority
• I deserve favors from others. Being admired by
  others helps me feel fantastic.
• Parents Being able to live at home

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Significant differences by race/ethnicity
Job Surfing
No Plans
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Significant differences by race/ethnicity
Superiority
Goal Instability
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I could go back and live with my parents if I
needed to.
N10,172 adults ages 18-28
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If I accepted one job offer and a better one came
along, I would have no problems in telling the
first company that I changed my mind and would
take the better offer.
N10,172 adults ages 18-28
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What job characteristics are important to
applicants?

• For Males
• Interesting Work
• Chance for promotion
• Good benefits
• Job security
• Opportunity to learn new skills
• High income
• Annual vacations
• Geographical location
• Flexibility in work hours
• Able to work independently

• For Females
• Interesting Work
• Good benefits
• Job security
• Chance for promotion
• Opportunity to learn new skills
• Geographical location
• Annual vacations
• High Income
• Flexibility in work hours
• Able to work independently

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Importance of High Income and Working for a
Prestigious Company for Young Adults by Parents
Income
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The International Language of Twixt

• UK KIPPERS
• Kids In Parents Pockets Eroding Retirement
  Savings
• Germany Nesthocker
• Nest squatter for young Germans who live with
  their parents
• Italy Mammone
• Percentage of young adults living at home has
  risen to almost 50
• Japan Freeter
• Describes young adults living at home and job
  hopping
• Ireland
• The Popes Children

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Challenges

• Implications of retirement a red herring or
  real gap?
• Boundaryless career services
• Being alert and innovative in connecting
  students to jobs
• Understanding the emerging adult phenomenon and
  its global implications

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Recruiting Trends2006-2007

• Dr. Phil Gardner
• Collegiate Employment Research Institute
• Michigan State University
• gardnerp_at_msu.edu
• CERI.MSU.EDU