Recruiting Trends 2008 – 2009 Welcome! Please standby.

Welcome! Please standby.
The Experience Professional Development Series Webinar:
Recruiting Trends
2008 – 2009
is scheduled to begin at
1:00pm Eastern (10:00am Pacific)
January 28, 2009
Precarious Times for College Seniors:
Finding Joy in Small Places
Phil Gardner, Ph.D.
Collegiate Employment Research Institute
Michigan State University
Experience Professional Development Series Webinar
January 28, 2009
Precarious
Times for
College Seniors:
Finding Joy in
Small Places
Phil Gardner, Ph.D.
Experience
Web Cast
January 28, 2009
PARTNERS
MonsterTRAK and Monster Worldwide
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Conference Sponsors
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– Midwest ACE
– SOACE
– MPACE
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College Sponsors
Iowa State University
University of Tampa
University of Virginia
Rutgers University
Marquette University
University of Oklahoma
Brigham Young University
University of Washington
University of Memphis
Gonzaga University
Rocky Mountain Consortium
Michigan State University Career Network
Association and Company Sponsors
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American Society of Employers
Small Business Association
Michigan Manufacturing Association
National Business Resources Association
Experience
Vault
Brainstorm Consulting
Scherer Schneider Paulick
Delusions of Money: Panic
• “Money…has often been a cause of the delusions of multitudes.
Sober nations have all at once become desperate gamblers, and
risked almost their existence upon the turn of a piece of paper.
To trace the history of the most prominent of these delusions is the
object of the present pages.
Men, it has been well said, think in herds; it will be seen that they go
mad in herds, while they only recover their senses slowly, and one
by one.”
– Charles Mackay, London, 1841 Extraordinary Popular Delusions and the
Madness of Crowds
You do the math!
• In the calendar year 2008, the
U.S. economy is expected to shed
over 1,000,000 jobs (BLS).
• Actually lost more than 2.5 million;
1.9 million in last four months.
• Between December 2008 and
June 2009 approximately 1.5
million young adults will graduate
with a bachelor’s degree.
• Nearly 1.1 million will seek
employment.
How Bad Is It?
• Intentions
– 49% have definite plans to hire
– 7% will not hire
• Direction of Hiring
– 49% will decrease hiring
compared to last year
– 29% will increase hiring
• A 20% swing from last year
Hiring in
2008-09
• Hanging by a finger tip
– Total hiring (all degree levels)
– Bachelor hiring
– MBA hiring
• It could be worse!
-8%
-8%
-10%
Safe Harbors in a Storm
• Company Size
– Think FAST
• Sector of the Economy
– Insurance; certain consulting & professional
services; agriculture
• Location
– Join Michigan in misery; few bright spots – D.C.
area, Boston (?)
• Academic Majors and Positions
– Lack of Breadth: Technical and business
– Sales and marketing: so long, farewell
Will they ever go away…when?
• How serious is the
retirement problem?
• Size and severity
depends on:
– Large employers who are
anxious or calm
• Serious retirement problem
• No retirement problem
• Moderate retirement problem
I’m Desperate:
The retirement drain is clogged
• 93% interview on campus
• 90% attend career fairs
• 86% have co-op and internship
programs
• Strong global presence; plus
NE, GL, and UP.
• Complete hiring by end of
November
• Trolling for experience
• Manufacturing, insurance,
professional services, and
government
• Hiring down 8%
What Problem?
They keep on keeping on
• 85% interview on campus
• 63% have internship and co-op
programs
• Have significant global reach
and in SE and SW.
• Will recruit throughout the year
• Balanced strategy
• Led by manufacturing, retail,
and professional services
• Hiring down 9%
Moderate Problem:
Hiring has imploded!
• 85% interview on campus
• 76% have internship programs
• Heavily focused in U.S.; no regions
• Appear to be drifting
• Led by manufacturing, finance and
professional services
• Hiring down by 17%
The New “Big Three”
• The Desperados
– Severe human resource needs because of retirements and
don’t want to repeat their folly of not hiring during a
downturn.
• The Talent Warriors
– Seeking the best talent they can find to stay globally
competitive.
• The Mavericks
– Fast-growth small companies seeking top talent to grow.
Those in free fall
Recruiting & Employment Issues
• Are you even needed?
– 40% of employers want to work directly with faculty
– Short term versus long term: standard ways of operating
outmoded – don’t get caught in the moment
• Time to closure
– 4 to 6 weeks for entire process
– 1 week to make a decision
• Experienced workers: In play
• Workforce succession planning and recruiting
– Many companies are simply adrift in their human resource
development
Short Term Outlook
• Strong Fall will fade into a
weak Spring
• Keeping afloat: any way
possible
• A sense of hope
– A boost from the new man in town (?)
• Unintended consequences
– Can politicians (who know nothing
about the global economy) avoid
doing something stupid – speed
avoiding a collision
• Share the pain
– Credit mess is just beginning to
unwind
Longer Term Outlook
• Democratic capitalism (autos)
vs. Super-capitalism (Wal Mart):
shift will continue – government
included
• International finance: even
murkier than U.S. (see Smick)
• Can Americans save?
• Can China avoid a bigger bubble
collapse?
• The Hammer: Health care
• The relationship of financials
and labor
– The one bright spot
For students it’s simple:
Know your skills.
Be prepared.
What Jobs Will Leave?
Skill Usage: The Funnel
Communicate Orally
Think Analytically
Acquire Learning
Evaluate Alternatives
Creative Solutions
Teamwork
Leadership
Apply Learning
Writing Effectively
Teamwork
Grasp Realities Workplace
Acquire Learning
Utilize technology
Grasp Realities
Competencies: They are moving!
• Build working relationships
• Analyze, evaluate and interpret data
• Engage in continuous learning
• Communicate through justification and persuasion
• Plan and manage a project
• Create new knowledge
• Seek global understanding
Message to Students
Recruiting Trends 2008-2009
• Order through CERI’s web site which links
to MSU publications
• Use the discount code RT0809 to receive
the discount price for conferences and
associations
Join the Forum: www.ceri-msu.org
Unlocking Potential Conference
Post-conference
materials and video
footage now available
for download
Visit the Unlocking Potential
website today for more details:
http://unlockingpotential.experience.com
Professional Development Series
Updated schedule to be posted in
University Resources – see “Training &
Development” area
Y Gen Y
Thanks for Participating!
Dr. Phil Gardner
Michigan State University
[email protected]
Experience, Inc.
[email protected]
800-583-7741