Recruiting Trends Highlights Recruiting Trends 2010—2011 is published by Career Services and the Collegiate Employment Research Institute and copyrighted, © 2010, by Michigan State University. All rights reserved.
Thirty-two percent indicate definite plans to hire. Hesitant to say with certainty. More employers expect to increase hiring at the bachelor’s level than will cut positions.
Observations 32% of respondents indicated plans to hire (up from 27% last year, but down from 47% two years ago) 20% have already identified their target numbers 35% are still uncertain and holding until they observe the economy further Led by upturns in hiring in manufacturing, professional and scientific services, the federal government, and large commercial banks, the Bachelor’s market is growing for the two years
Large companies project an increase of 11%, while small fast growth (10 or fewer employees) companies project 15%
Company size defined Small establishments (< 8 employees) Fast growth companies (9-100 employees) Small companies ( employees) Mid-size companies (500-3,999 employees) Large companies (>4,000 employees) Hiring is being generated by approximately 400 organizations (small, fast growth and large)
Business hiring is on the rise Accounting: increase hiring by 17%, averaging 37 Bachelor hires per company. Finance: increase hiring by 15%, averaging 42 Bachelor hires per company. Economics: increase hiring by 22%, averaging 55 Bachelor hires per company. Marketing: increase hiring by 21%, averaging 30 Bachelor hires per company.
Business hiring is on the rise Human Resources: increase hiring by 20%, averaging 37 Bachelor hires per company. Management Information Systems: increase hiring by 14%, averaging 39 Bachelor hires per company. E-commerce/entrepreneurism: increase hiring by 32%, averaging 53 Bachelor hires per company. All Other Business: increase hiring by 18%, averaging 37 Bachelor hires per company.
Overall, employers want to hire the “best candidate regardless of major. It looks promising for business majors.
Hiring in our “neighborhood” is strongest
COBI students should have a competitive edge. Our employers validate this.
Parting words Employers still value access to students through on-campus contact. “The best recruiting strategies still depend on connections between faculty, students, career services professionals, alumni and hiring staff in organizations.” Practical experience tells an employer you are focused, directed, connected. The more experience the better.