The Future

Employers expect to hire 5.2% more graduate this year than in 2015, but according to NACE, which tracks college, this is down from last fall when companies on average predicted they would increase college hiring by 11%. However, entry-level pay is going up as employers seek an edge with sought-after grads. The same trends damping the outlook for U.S. economic and job growth this year are affecting corporate hiring plans. According to the “Wall Street Journal,” economists recently trimmed their forecasts for employment gains and economic growth, citing market volatility and signs of a cautious consumer. NACE said, companies plan to bring on fewer interns and students in cooperative education programs, which augment classroom studies with work experience. The organization projects that intern hiring will drop 4.8% this year, while co-op hiring is expected to fall 9.9%. I worry that companies are jeopardizing the future.

Susan Phillips, CEO SelectLeaders
May 4, 2016

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