Revision Tips For Students

Revision Tips For Students

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Tips To Monitor Your Child’s Education

Tips To Monitor Your Child’s Education

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A Few Myths about Startups Busted

A Few Myths about Startups Busted

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Benefits Of Humor In The Classroom

Benefits Of Humor In The Classroom

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Self Esteem And Career Success

Self Esteem And Career Success

Era of life in which living we are, is full of high competition and when it comes to get success in career path there are several factors that can make your journey More »

How To Keep Students Engaged In Class

How To Keep Students Engaged In Class

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Why do Candidates not Respond to Your Posts?

Why do Candidates not Respond to Your Posts?

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Effective Study Strategies For Students

Effective Study Strategies For Students

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What Is Scholarship Essay -Tips To Write A Scholarship Essay

What Is Scholarship Essay -Tips To Write A Scholarship Essay

Applying for the scholarship is a great idea to attain chosen academic goals even without getting enough financial support from your parents. The scholarship is a blessing for those students who are More »

Significance Of Extracurricular Activities For Students

Significance Of Extracurricular Activities For Students

Activities that students perform in after school hours or outside the classroom are recognized as extracurricular activities. These not make an individual person physically strong but also help a lot in building More »

 

2015: Ushering better times for job seekers

The most seasoned financial experts out there will tell you that one can never predict the exact strength of economy. After a series of economically dismal years, 2015 turned out to be a slightly better year for fresh graduates. Though there is a certain degree of uncertainty surrounding the overall health of economy- career specialists, in general, are hopeful about the prospects of the newest class of job seekers.

Why are they hopeful?

As per Collegiate Employment Research Institute (Michigan State University) the rate of hiring will go up by 15% from what it was in the last year. The improvement is applicable across all degree levels. Fresh graduates have further reasons to cheer up:

Graduates who have recently majored in nursing and civil engineering registered record low unemployment rates hardly 2 and 2.8 per cent respectively. The particular analysis was carried out by Federal Reserve Bank of New York that reflected figures from the years 2013 to 2014.

Those who majored in Liberal arts faced unemployment rates hovering at around a bit less than 6%. However, those who graduated in geography, anthropology and mass media had not-so-good-news to offer. The unemployment rates went up to around 8%.

Beside the general job rate, the median wages also went up in the previous year.  In the year 2015, the median wage for fresh graduates with only bachelor’s degree was something around $43,000- a definite improvement from $40,000 in the year 2014. Plus, there has been an obvious improvement in the on-campus recruitment scenario as well. The number of attendees actually rose by 33% from 2014 to 2015. In its entirety, though unemployment will not really be completely wiped out, economists and career specialists are definitely upbeat about career prospects.

Change of recruitment startegies

There is hardly any time left before which we have to shift gear from millennials to Generation Z because very soon, they are going to substantially occupy the entry level workforce. Keeping the present rate of Boomer retirement in view, it can well be assumed that by 2019, Gen Z will make up for about 20% of the workforce. This definitely calls for a few changes in the recruitment strategies. For instance, businesses need to remember that the younger brothers and sisters of the millenials are even more in to social media than what the millennials themselves are. There is an increased importance to hire social media managers who are adroit in connecting Gen Z trends with recruitment.

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