The Job Outlook survey is conducted each fall to forecast hiring for the graduating class. Based on responses from 201 organizations nationwide that hire new college graduates, Job Outlook 2018 contains hiring projections for the college Class of 2018. It also offers insights into what employers seek in job candidates, information about compensation plans, and more.
NACE is the leading source of information on the employment of the college educated, and forecasts hiring and trends in the job market; tracks starting salaries, recruiting and hiring practices, and student attitudes and outcomes; and identifies best practices and benchmarks.Visit www.naceweb.org for more.
1. JOB OUTLOOK 2018 FOR STUDENTS
National Association of Colleges and Employers • www.naceweb.org
2. JOB OUTLOOK 2018 FOR STUDENTS
Employers plan to increase their hiring for U.S. operations for the Class of 2018.
38.2%
EMPLOYERS RATE THE JOB MARKET
7.4%Excellent
Very Good
Good
Fair
46.3%
8.1%
SOURCE: Job Outlook 2018, 2017 Internship & Co-op Report, and 2016 Recruiting Benchmarks Survey. National Association of Colleges and Employers, copyright holder.
3. EMPLOYERS’ HIRING PLANS
Increase
Hiring
Maintain
Hiring Levels
Hire Fewer
43.7% 9.6%46.7%
SOURCE: Job Outlook 2018, 2017 Internship & Co-op Report, and 2016 Recruiting Benchmarks Survey. National Association of Colleges and Employers, copyright holder.
4. WHEN DO EMPLOYERS RECRUIT?
30%
70%
Fall Spring
SOURCE: Job Outlook 2018, 2017 Internship & Co-op Report, and 2016 Recruiting Benchmarks Survey. National Association of Colleges and Employers, copyright holder.
5. EMPLOYERS PLAN TO RECRUIT IN THE SPRING
32.6%
37.1%
18.2%
Yes
No
Maybe
SOURCE: Job Outlook 2018, 2017 Internship & Co-op Report, and 2016 Recruiting Benchmarks Survey. National Association of Colleges and Employers, copyright holder.
6. WHERE DO EMPLOYERS FIND NEW HIRES
On-campus activities (career
fairs, information sessions,
interviews)
Campus and company websites
Career centers
SOURCE: Job Outlook 2018, 2017 Internship Co-op Report, and 2016 Recruiting Benchmarks Survey. National Association of Colleges and Employers, copyright holder.
7. EMPLOYERS USE VIDEO INTERVIEWING
31.6%
55.3%
2015 2016
SOURCE: Job Outlook 2018, 2017 Internship Co-op Report, and 2016 Recruiting Benchmarks Survey. National Association of Colleges and Employers, copyright holder.
8. TOP DEGREES IN DEMAND
Business
Engineering
Computer Information Sciences
Math Sciences
Communications
Social Sciences
Humanities
Agriculture Natural Resources
Healthcare
Education
SOURCE: Job Outlook 2018, 2017 Internship Co-op Report, and 2016 Recruiting Benchmarks Survey. National Association of Colleges and Employers, copyright holder.
9. Accounting Services
Information
Computer Electronics
Manufacturing
Finance, Insurance Real Estate
Chemical (Pharmaceutical)
Manufacturing
Retail Trade
Construction
Management Consulting
Miscellaneous Manufacturing
EMPLOYERS INTERESTED IN INTERNATIONAL STUDENTS
SOURCE: Job Outlook 2018, 2017 Internship Co-op Report, and 2016 Recruiting Benchmarks Survey. National Association of Colleges and Employers, copyright holder.
10. DO YOU HAVE WHAT IT TAKES?
Attributes Employers Look for on a Candidate’s Resume
Problem-solving
Ability to work in a team
Written communication
Leadership
Strong work ethic
Analytical/quantitative
Verbal communication
Initiative
Detail-oriented
Flexibility/adaptability
OF EMPLOYERS
SCREEN BY GPA
67.5%
SOURCE: Job Outlook 2018, 2017 Internship Co-op Report, and 2016 Recruiting Benchmarks Survey. National Association of Colleges and Employers, copyright holder.
11. EXPERIENCE IS EXPECTED
Majority of employers use
internship/co-op programs to
recruit college graduates for
full-time, entry-level positions.
SOURCE: Job Outlook 2018, 2017 Internship Co-op Report, and 2016 Recruiting Benchmarks Survey. National Association of Colleges and Employers, copyright holder.
12. COMPETENCIES EMPLOYERS WANT AND HOW THEY RATE NEW GRADS
Competencies Employers Want and How They Rate New Grads
EMPLOYERS NEW GRADS
Critical Thinking/Problem Solving 4.62 3.58
Teamwork/Collaboration 4.56 3.82
Professionalism/Work Ethic 4.46 3.35
Oral/Written Communications 4.30 3.39
Leadership 3.82 3.28
Information Technology Application 3.73 3.71
Career Management 3.46 3.01
Global/Multi-cultural Fluency 3.01 2.94
*5-point scale, where 1=Not essential, 2=Not very essential, 3=Somewhat essential, 4=Essential, 5=Absolutely essential
SOURCE: Job Outlook 2018, 2017 Internship Co-op Report, and 2016 Recruiting Benchmarks Survey. National Association of Colleges and Employers, copyright holder.
13. FIVE KEY BENEFITS EMPLOYERS OFFER
1
2
3
4
5
Life Insurance
Dental Insurance
Company-matched 401(k)
Employee Assistance Counseling
Tuition Reimbursement $
$
SOURCE: Job Outlook 2018, 2017 Internship Co-op Report, and 2016 Recruiting Benchmarks Survey. National Association of Colleges and Employers, copyright holder.
14. HOW LONG BEFORE YOU GET A JOB OFFER?
Average time from
job posting to
interview:
3 weeks or more
Average time from
interview to offer:
2 weeks
Average time offer
to your acceptance:
2 weeks
SOURCE: Job Outlook 2018, 2017 Internship Co-op Report, and 2016 Recruiting Benchmarks Survey. National Association of Colleges and Employers, copyright holder.
15. HOW TO BE A STAND-OUT JOB CANDIDATE
Start your job-search today.
Begin at the career center.
Get experience.
Employers use internships/cooperative
education to hire full-time.
Internships/cooperative education add
value to your resume.
Practice makes perfect.
Practice interviewing so you’re
comfortable answering questions.
SOURCE: Job Outlook 2018, 2017 Internship Co-op Report, and 2016 Recruiting Benchmarks Survey. National Association of Colleges and Employers, copyright holder.
16. Find more content about today's job market at www.naceweb.org
National Association of Colleges and Employers • www.naceweb.org