The Perils of Prognostication: U.S. Employment and Hiring Trends - PowerPoint PPT Presentation

Loading...

PPT – The Perils of Prognostication: U.S. Employment and Hiring Trends PowerPoint presentation | free to download - id: 57ff54-ZDM2M



Loading


The Adobe Flash plugin is needed to view this content

Get the plugin now

View by Category
About This Presentation
Title:

The Perils of Prognostication: U.S. Employment and Hiring Trends

Description:

Title: Race for the Gold Career and Employment Trends and Issues for the College Educated Author: RIT User Last modified by: rbrigham Created Date – PowerPoint PPT presentation

Number of Views:68
Avg rating:3.0/5.0
Slides: 39
Provided by: RIT108
Learn more at: http://www.sagra.org.za
Category:

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: The Perils of Prognostication: U.S. Employment and Hiring Trends


1
The Perils of PrognosticationU.S. Employment
and Hiring Trends
  • Manny Contomanolis, PhD
  • Rochester Institute of Technology
  • National Association of Colleges and Employers
  • emoce_at_rit.edu

2
So what shall we talk about?
  • What are current employment demands?
  • What are students looking for and thinking about
    in careers and employment?
  • What are employers looking for in
    college-educated candidates?

3
Why is this timely?
  • The value of a college education is more prized
    and more questioned than ever before.
  • The economic stakes are significant
  • The disconnect between education and the
    real-world.

4
A disconnect?
  • Pew Charitable Trust Study - 2006
  • 50 of college graduates lacking critical life
    skills analyzing news stories and prose
    understanding documents math skills needed for
    balancing a checkbook or evaluating credit card
    offers
  • American Institute for Research (AIR)
  • More than half of 4-year college students nearing
    graduation lack these same skills
  • This is true for 75 of those at community
    colleges

5
Education really pays off
  • Median annual salary for high school graduates
    29,800
  • Some college but no degree 35,505
  • Associate Degree holders 36,784
  • Bachelors Degree holders 48,896
  • Masters Degree holders 56,494
  • Doctorate Degree holders 77,216
  • Professional Degree holders 85,921

6
Education really pays off
  • Current unemployment rate for the workforce
    overall 4.5
  • Current unemployment rate for those with a
    college degree 1.9

7
What workforce trends are we seeing?
  • Shifting population patterns
  • Slower overall growth in U.S. population
  • Increase in 16 24 age group
  • Decline in 35 44 age group
  • Increase in 55 64 age group
  • Increase in immigrants and minorities

8
What workforce trends are we seeing?
  • Shifting labor force patterns
  • 17.4 million more workers a 12 increase
  • Greater diversity Hispanic, African-American,
    and Asian groups showing the greatest percentage
    growth. More Hispanics will be in the work force
    than any other minority.
  • Growth of female workers greater than male 52.5
    male and 47.5 female

9
What other forces are at work?
  • Economic conditions and the resulting labor
    market technology is the driver
  • Shifting regional patterns of growth
  • Global markets and competition
  • Off-shoring of manufacturing and services
  • Outsourcing of staffing
  • Changing nature of work part-time flexible
    work hours, work places and work styles benefit
    changes
  • Retirements and an aging U.S. workforce

10
What other forces are at work?
  • Workers between the ages of 18 and 40 will change
    jobs an average of 10.5 times over the course of
    their lifetime Bureau of Labor Statistics
  • In a survey of 2,000 corporate employees, half
    would work an extra hour a day if they had a
    better work environment Gensler, Inc., 2007
  • Graduating students at the top law schools are
    asking all law firms to adopt saner work
    environments balanced hours policies and a
    reduction in billable hours expectations Wall
    Street Journal, 4/4/07.
  • More than 2,100 universities now teach
    entrepreneurship, up from 400 in the early 1990s
    BusinessWeek, 2/07

11
Top 10 Fastest Growing Jobs U.S. BLS Data
  • Medical Assistants
  • Network Systems Analysts
  • Physician Assistants
  • Social and Human Service Assistants
  • Home Health Aides
  • Medical Record/Health InfoTechnicians
  • Physical Therapist Aides
  • Software Engineers applications
  • Software Engineers systems software
  • Physical Therapist Assistants

12
Top 5 Jobs Bachelors Degree Holders BLS Data
  • Elementary School Teachers
  • Accountants and Auditors
  • Computer System Analysts
  • Secondary School Teachers
  • Computer Software Engineers - applications

13
Top 5 Jobs Masters Degree Holders BLS Data
  • Physical Therapists
  • Rehabilitation Counselors
  • Educational, Vocational, and School Counselors
  • Mental Health and Substance Abuse Social Workers
  • Market Research Analysts

14
Top 5 Jobs Doctoral Degree Holders BLS Data
  • Postsecondary Teachers
  • Clinical, Counseling, and School Psychologists
  • Medical Scientists
  • Computer and Information Scientists research
  • Biochemists and Biophysicists

15
Top 5 Jobs First Professional Degree Holders
BLS Data
  • Lawyers
  • Physicians and Surgeons
  • Pharmacists
  • Clergy
  • Veterinarians

16
Top Degrees in Demand Bachelor Level NACE 2008
Data
  • Accounting
  • Mechanical Engineering
  • Electrical Engineering
  • Computer Science
  • Business Administration/Management
  • Economics/Finance
  • Information Sciences and Systems
  • Marketing/Marketing Management
  • Computer Engineering
  • Management Information Systems/Business Data
    Processing

17
Top Degrees in Demand Masters Level NACE 2008
Data
  • MBA
  • Electrical Engineering
  • Mechanical Engineering
  • Computer Science
  • Accounting

18
Top Degrees in Demand Doctorate Level NACE
2008 Data
  • Computer Engineering
  • Electrical Engineering
  • Computer Science
  • Mechanical Engineering
  • Business Administration/Management

19
Get Ahead Careers for 2007USNews.com
  • Actuary - 75,062
  • Engineer - 72,156
  • Medical Scientist - 88,344
  • School Psychologist - 63,029
  • Systems Analyst - 70,438
  • Urban/Regional Planner - 38,465
  • Audiologist - 62,112
  • Dentist - 120,864
  • Occupational Therapist - 60,855

20
Get Ahead Careers for 2007USNews.com
  • Optometrist - 98,458
  • Pharmacist - 98,828
  • Physician - 151,159
  • Physician Assistant - 77,863
  • Registered Nurse - 59,046
  • Speech Language Therapist - 58,475
  • Architect - 46,840
  • Clergy - 78,690
  • Editor - 52,443

21
Get Ahead Careers for 2007USNews.com
  • Fundraiser - 78,902
  • Higher Ed. Administrator - 109,557
  • Landscape Architect - 49,974
  • Librarian - 49,708
  • Management Consultant - 96,245
  • Politician (elected) Salary N/A
  • Professor - 73,666

22
Jobs that will disappearForbes.com 2006
  • Call Center Representatives
  • Construction Workers
  • Encyclopedia Writers
  • Music Store Managers
  • Fighter Pilot

23
Jobs that will disappearForbes.com 2006
  • Film Processor
  • Grocery Store Cashier
  • Miners
  • Oil Wildcatters
  • Union Organizers

24
New jobsForbes.com 2006
  • Animal Guardians
  • Dirigible Pilots
  • Drowned City Specialists
  • Gene Screener
  • Hollywood Holographers

25
New jobsForbes.com 2006
  • Hydrogen Fuel Station Managers
  • Quarantine Enforcers
  • Robot Mechanic
  • Space Tour Guide
  • Teleport Specialist

26
Forever JobsForbes.com 2006
  • Artist
  • Barber
  • Criminal
  • Mortician
  • Parent

27
Forever JobsForbes.com 2006
  • Politician
  • Prostitute
  • Religious Leader
  • Soldier
  • Tax Collector

28
How do students fit in?
  • Generational Research
  • Young workers of today
  • Lifestyle - not work - comes first
  • Loyal to their skills not their employer
  • Individual first forget the chain of command
  • Must have a mission/purpose to their work
  • Work alone or in small groups

29
What motivates young people?
  • Time off rather than money
  • Mentoring and coaching
  • Boredom avoidance rapid change if things do get
    boring
  • Meeting their own goals
  • Constant skills training/improvement and upward
    learning curve

30
What are students looking for?Universumusa.com
  • Work/life balance (46)
  • Clear advancement path (39)
  • Geographic location (36)
  • Organizational culture (31)
  • Challenging role (29)
  • Compensation package (28)
  • Prestige/organizational image (20)
  • Workforce diversity (8)
  • Exposure to senior leadership (8)
  • International relocation opportunities (4)

31
Goals to be attained in the first three years
  • Work/life balance (54)
  • Pursue further education (45)
  • Build sound financial base (41)
  • Work on increasingly challenging tasks (34)
  • Work internationally (25)

32
What are Employers Looking for?2008 NACE Job
Trends Survey
  • Communication skills (4.6)
  • Strong work ethic (4.6)
  • Teamwork skills (4.5)
  • Initiative (4.4)
  • Interpersonal skills (4.4)
  • Problem-solving skills (4.4)
  • Analytical skills (4.3)
  • Flexibility/adaptability (4.2)
  • Computing skills (4.1)
  • Technical skills (4.1)
  • Detail oriented (4.0)

33
What are Employers Looking for?2008 NACE Job
Trends Survey
  • Leadership skills (3.9)
  • Self-confidence (3.9)
  • Friendly/outgoing personality (3.8)
  • Tactfulness (3.8)
  • Creativity (3.6)
  • Strategic planning skills (3.3)
  • Entrepreneurial skills/risk-taker (3.2)
  • Sense of humor (3.1)

34
Employer Hiring Preferences Relative to Experience
  • I prefer candidates with relevant work experience
    (76.2)
  • I prefer to hire candidates with any type of
    work experience (18.2)
  • Work experience doesnt typically factor into my
    decision when hiring a new college graduate
    (4.8)
  • Other (0.7)

35
How do Employers Choose Between Two Equal
Candidates?
  • Has held leadership position (4.0)
  • Major (4.0)
  • Higher GPA 3.0 or above (3.7)
  • Extracurricular activities (3.7)
  • Volunteer work (3.2)
  • School attended (3.0)

36
Emerging Critical Skill SetManny.com
  • Communication written and oral
  • Teamwork especially across different groups and
    individual backgrounds
  • Flexibility and adaptability
  • Ability to learn knew things and do so quickly
  • Focused and intense effort
  • Client/customer/mission orientation

37
Challenges Facing Employers in the U.S.
  • Intense war for the best talent complicated by
    notable shortages.
  • A changing talent pool with different
    expectations and motivational needs.
  • Increasing reliance on electronic recruiting
    strategies and applications.
  • Advancing/promoting company brand.

38
QUESTIONS?
  • If you would like a copy of this presentation
    please e-mail me at
  • emcoce_at_rit.edu
About PowerShow.com