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9/8/2017 |
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How Businesses Can Find, Hire And Groom The Best Millennial Talent |
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How Businesses Can Find, Hire And Groom The Best Millennial Talent by Jake Croman Attracting college graduates takes more than just an above-average salary. In today’s highly competitive job market, companies want to find and retain the best talent possible. Companies are reticent to take chances on new, less experienced talent for many reasons. According to a 2016 PayScale survey, 60 percent of companies did not believe recent college grads were prepared to enter the workforce. But, this year, 74 percent of employers said they would hire recent college grads. It’s still hard for college grads to find new jobs, especially employment in their field of study. But, companies can find a promising return on investment (ROI) by hiring and leveraging the talent of recent college graduates. Problems with college grads? In the most recent CareerBuilder Survey, employers were asked what they were expecting from hiring recent college graduates. They reported that they were concerned that new college grads were not ready for the workforce. 17 percent of employers feel that academia does not prepare students for roles in their organizations (a 24 percent decrease from last year). Businesses expressed concerns in numerous areas: - 44 percent said there was excess emphasis on book knowledge and not enough real-world experience
- 38 percent said they need workers with a mixture of technical and liberal arts skills (i.e. analysis, creativity, soft skills)
- 23 percent think entry-level roles within their organizations are more complex
- 17 percent believe technology is changing too rapidly for academia to properly inform students
- 17 percent want college/universities to focus more on internships
Clearly, there are concerns about the competency of incoming talent into the workforce. Many job interviewees may be told they need experience, but hiring new talent is essential for building your business. Read full article on Entrepreneur.
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