Though most school graduates really feel assured about receiving a job supply quickly after graduating, many additionally reported issues concerning the aggressive job market, the economic system and profession growth alternatives, based on Monster’s 2024 State of the Graduate Report, which polled 1,000 new or upcoming school graduates.
About 67% of graduates consider employers have extra leverage to seek out the perfect candidates than job seekers have to seek out the perfect jobs, as in comparison with 56% who mentioned the identical in 2023. As well as, 77% mentioned they’re involved about job safety through the job search course of, and half mentioned they assume they received’t be capable to discover a job on the firm they like.
“As we method the Spring 2024 graduate season, it’s crucial to grasp how the latest additions to the workforce are approaching employment, and what they’re anticipating from employers,” Scott Gutz, CEO of Monster, mentioned within the report overview.
“Nonetheless, although graduates consider that employers have the higher hand on this panorama, they preserve core necessities that they’re unwilling to compromise on whereas job searching,” he mentioned. “Among the office features that this yr’s graduates are most adamant about are work flexibility, psychological well being, and profession growth.”
Many respondents mentioned they’re settling or anticipate selecting some situations to safe a job. Many mentioned they’d work in an workplace full time, take a decrease wage than anticipated and settle for an extended commute — however fewer respondents for every than in 2023.
Total, 85% mentioned they utilized for a job they knew wasn’t the best match “out of desperation.” Greater than half mentioned they did so as a result of they wanted the cash. Others mentioned they wanted expertise, had been bored with looking for a job, wanted to repay scholar loans or confronted stress from their mother and father.
As they search, almost all graduates mentioned they’re concerned with studying or upskilling packages when making use of for a place. In actual fact, half mentioned they’d flip down a job at an organization that doesn’t supply profession development alternatives, and a 3rd mentioned they’d stop a job if not given alternatives to study and develop of their place.
Amongst upskilling choices, graduates mentioned they’re concerned with on-the-job coaching, ongoing certificates programs within the business, mentorship packages, structured profession growth, job shadowing, job rotations, business occasions and coaching compensation settlement provisions.
Hiring for entry-level positions is predicted to stay regular through the 2024 commencement season, based on a Robert Half report. Latest graduates and entry-level employees can drive innovation with new concepts and expertise, a Robert Half government mentioned.
For about half of organizations, constructing a expertise pipeline is the highest precedence for 2024, based on a Symphony Expertise report. On the similar time, 68% mentioned it’s a problem to succeed in the best target market throughout recruitment. Referral packages and inside mobility will help, the report discovered.
Attrition has declined up to now in 2024, and fewer employees plan to vary jobs for the primary half of the yr, based on one other Robert Half report. Workers mentioned they plan to remain resulting from flexibility, success and good compensation.
