Survey Finds More US Employers Planning to Hire New College Graduates

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29th May 2014 12:00 - Professional Services

According to the survey, commissioned by CareerBuilder, about three fifths (57%) of US employers say they plan to hire new college graduates this year, up from fifty-three per cent last year and forty-four per cent in 2010.

Three fifths (61%) of companies say they will be offering graduates the same starting salary as they did last year; half (56%) expect to pay them an annual salary that’s less than $40,000.

Employers say they’ll offer the following starting salaries:

  • 26% say they will pay new graduates less than $30,000
  • 30%, $30,000 to less than $40,000
  • 20%, $40,000 to less than $50,000
  • 24%, $50,000 and higher

However, among employers, two fifths (41%) don’t think that recent graduates have adequate skills for roles in customer service.

Rosemary Haefner, Vice President of Human Resources for CareerBuilder, said:

“A lot of customer service is about troubleshooting, problem solving and making sure the experience for the customer is positive, and that may take a lot more skill than new graduates have."

While most employers say new college graduates are ready for the ‘real world’, a quarter (24%) feel that colleges and universities have underprepared students for positions in their companies.

Haefner continued:

"These companies may think the graduates are academically strong, but they aren't sure they are prepared for the complexity of today's jobs… Companies are asking these questions about graduates: Are they just book smart? Or will they have street smarts as well? The marketplace is evolving at a faster pace than it did in the past, and academia may not be keeping pace with technology that businesses need.”

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