| May 12, 2014

Companies Preparing to Hire Recent College Grads in 2014

Graduation time is near and companies want new blood, but are the grads ready?

Almost one in four employers don’t believe college grads are ready for the real world according a new study from CareerBuilder and CareerRookie.com. And the reason is they don’t think academic institutions are “adequately preparing students for positions needed within their organizations.”

Why would recent grads not be prepared? The most frequent issues raised were:

  • Too much emphasis on book learning instead of real world learning – 53 percent
  • My company needs a blend of technical skills and soft skills gained from liberal arts – 35 percent
  • Entry level roles are growing more complex – 26 percent
  • Not enough focus on internships/apprenticeships – 16 percent
  • Technology is changing too quickly for academics to keep up – 16 percent
  • Not enough students are graduating with the degrees my company needs– 10 percent

Brent Rasmussen, President of CareerBuilder North America, remarked…

“The vast majority of employers feel that the skills and knowledge base students gain at academic institutions are aligned with their company needs, but nearly one in four sense a disconnect. As roles within organizations grow more complex and demand for certain degrees outpaces graduation rates, there is an opportunity for employers to work more closely with schools to help guide learning experiences for the next generation of workers.”

Majors most in demand

So what do the 57 percent of hiring managers and resource professionals that plan on hiring in 2014 want the next generation of workers to major in? The most popular for 2014 include:

  • Business – 39 percent
  • Computer and Information Sciences – 28 percent
  • Engineering – 18 percent
  • Math and Statistics – 14 percent
  • Health Professions and Related Clinical Sciences – 14 percent
  • Communications Technologies – 12 percent
  • Engineering Technologies – 11 percent
  • Education – 7 percent
  • Liberal Arts and Sciences, General Studies, and Humanities – 10 percent
  • Science Technologies – 7 percent
  • Communication and Journalism – 7 percent

Gary Herman, President of Consolidated Credit, hopes recent grads are also preparing for the financial realities of the world…

“Taking on the reality and responsibility of working for a living also coincides with new financial realities. A steady income often leads to poor money management strategies by many recent grads. For example, buying a new car also means a car payment, insurance and upkeep. And the bills don’t end there.”

The financial realities for college grads don’t have to be all bad news. There are proven methods to help you become a responsible money manager and save for your future. If you’d like professional advice don’t hesitate to contact one of Consolidated Credits certified credit counselors today.

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"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

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Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

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