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Faizan
Many parents will celebrate their child's graduation from college this year. However, most parents are concerned that their children will not have a better life than they did. According to the Organization for Economic Cooperation and Development (OECD), the U.S. ranked fourth worst among 29 developed countries for children obtaining a higher level of education than their parents. In fact, only 22% of those 24 to 34 years old achieved a higher level of education than their parents in the United States compared to an OECD average of 37%.
For many former college graduates, unemployment and underemployment continue to be a curse on their dreams and aspirations. Yet, this pressing problem has impacted many segments of our society and way of life. For example, adult children are returning home to their parents at record numbers. Sadly, overly-protective parents may stunt the maturation of their college graduates by destroying their independence as they return home. These miscues in understanding the financial climate and the hiring process of employers could jeopardize their future. This article examines the current economic crisis and how recent college graduates and parents can better position themselves for more employment opportunities.
The Economic Picture
According to several polls, including Harris and Career Builders' polls, employers expect to hire more college graduates based on feedback from more than 2,000 hiring managers and human resource professionals from various industries. In fact, 57% of employers plan to hire new college graduates which are up from last year (53%).
Businesses and other organizations intend to hire graduates in percentages from these majors:
computer/information (28%), engineering (18%), math/statistics (14%), health/clinical services (14%), communications technology (12%), engineering technologies (11%), liberal areas (10%), education (7%), science technologies (7%), and communications/journalism (7%). Consequently, in society, getting hired can be shown as the important effect on the demand for any particular college major. If there is no demand or interest for college major, students will have a difficult time in finding gainful employment.
Despite this positive prospect, many employers feel that most college graduates are not prepared for the workforce. According to a recent study, 24% of employers do not feel that recent graduates are prepared for positions in their companies. Sadly, employers do not have the time and patience to groom prospective graduates who are talented but lack experience or preparation for the workforce. Companies want prospective employees who are ready to work. Peter Cappelli, author of Why Good People Can't Get Jobs, explains that employers have shifted their expectations for prospective employees: "Employers do not have time to develop the new skills they need internally when dramatic changes in products and strategies happen so quickly." Regardless of where you stand on today's college students, it is clear that some intervention is necessary if they are to be successful in this environment. The following job strategies are offered to better assist this segment of the population:
For many former college graduates, unemployment and underemployment continue to be a curse on their dreams and aspirations. Yet, this pressing problem has impacted many segments of our society and way of life. For example, adult children are returning home to their parents at record numbers. Sadly, overly-protective parents may stunt the maturation of their college graduates by destroying their independence as they return home. These miscues in understanding the financial climate and the hiring process of employers could jeopardize their future. This article examines the current economic crisis and how recent college graduates and parents can better position themselves for more employment opportunities.
The Economic Picture
According to several polls, including Harris and Career Builders' polls, employers expect to hire more college graduates based on feedback from more than 2,000 hiring managers and human resource professionals from various industries. In fact, 57% of employers plan to hire new college graduates which are up from last year (53%).
Businesses and other organizations intend to hire graduates in percentages from these majors:
computer/information (28%), engineering (18%), math/statistics (14%), health/clinical services (14%), communications technology (12%), engineering technologies (11%), liberal areas (10%), education (7%), science technologies (7%), and communications/journalism (7%). Consequently, in society, getting hired can be shown as the important effect on the demand for any particular college major. If there is no demand or interest for college major, students will have a difficult time in finding gainful employment.
Despite this positive prospect, many employers feel that most college graduates are not prepared for the workforce. According to a recent study, 24% of employers do not feel that recent graduates are prepared for positions in their companies. Sadly, employers do not have the time and patience to groom prospective graduates who are talented but lack experience or preparation for the workforce. Companies want prospective employees who are ready to work. Peter Cappelli, author of Why Good People Can't Get Jobs, explains that employers have shifted their expectations for prospective employees: "Employers do not have time to develop the new skills they need internally when dramatic changes in products and strategies happen so quickly." Regardless of where you stand on today's college students, it is clear that some intervention is necessary if they are to be successful in this environment. The following job strategies are offered to better assist this segment of the population:
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