Entry-Level Workers Head into a Mixed Market

April 3, 2007

A new report sheds light on a tight entry-level market with little hope for improved wages for recent college graduates, almost half of whom expect to move back in with their parents to make ends meet.

Signifying a confident incoming workforce, 89 percent of prospective graduates said that they expect to receive at least one job offer when they graduate, while 74 percent expect two or more offers, which is 10 percent more than last year, according to a new entry-level job report.

The report, published on April 2 by New York-based career Web site Monster.com, notes a heightened competitive note in the beginners' job market as, on average, employers anticipated receiving 73 applications for each entry-level position.

Yet, employers also spoke to a healthier job market, as 76 percent plan to hire 2007 graduates in the spring or summer, up from 72 percent last year. Thirty-eight percent expect to recruit more entry-level workers than they did in 2006.

In less promising news, 63 percent of employers surveyed indicated 2007 entry-level wages would not increase over last year's earnings.

"This year's survey demonstrates that while demand for talent is on the rise, employers remain confident they will have a large number of candidates to consider for each open position," said Julie Goldthwait, vice president and general manager of MonsterTRAK, the student division of Monster.com.

"Consequently, rather than increasing wages to attract entry-level candidates, employers are implementing practices that help attract talent at earlier stages, such as growing their internship programs."

A tight labor market and potentially flat wages are bound to have secondary effects on recent college graduates, many of whom do not expect to afford to live on their own once they get a job. Forty-eight percent of prospective graduates surveyed expected to "boomerang" and spend at least some time living with their parents, and 22 percent expected to live at home for even longer than six months.

These percentages have not changed from the year before. In addition, 42 percent of 2006 graduates reported that they still live with their parents, with 73 percent of them citing limited financial resources as the reason.

Employers and recent graduates alike perceive work experience and personal characteristics, such as interviewing skills, as the most important hiring factors. Responding to increased pressure for relevant work experience, 78 percent of prospective graduates report that they planned on completing one or more internships during their college career.

However, though employers complained about a lack of professionalism - not sending thank you notes, tardiness - in new interviewees, 35 percent of last year's graduates still said they did not send thank you notes after interviews.

"Employers perceive graduates' top motivators to be work/life balance opportunities and salary, while in reality, the survey shows that students are most engaged by fulfilling work and growth opportunities. This means entry-level seekers have a unique opportunity to stand out from the crowd by conveying to employers their true values and ambitions," said Goldthwait.

Copyright 2007 by Ziff Davis Media, Distributed by United Press International


print this article email this article download pdf blog this article bookmark this article     Stumble it Digg this share on Facebook retweet share on Reddit add to delicious
Rate this story - 3.7 /5 (3 votes)


April 3, 2007 all stories

Comments: 0

3.7 /5 (3 votes)
  • Stumble this up

  • Digg this

  • share this

  • hide
  • Related Stories

  • Survey of young adults finds wide majority support health reform
    created Dec 18, 2009 | popularity not rated yet | comments 0
  • Survey finds horticulture grads prepared for green jobs
    created Nov 04, 2009 | popularity not rated yet | comments 0
  • Journalism still finding recruits if not profits
    created Sep 21, 2009 | popularity not rated yet | comments 0
  • 'Cyberloafing' at work no bad thing, study says
    created Apr 20, 2009 | popularity not rated yet | comments 0
  • Bowling alone because the team got downsized
    created Sep 01, 2008 | popularity not rated yet | comments 0



  • hide
  • Relevant PhysicsForums posts

Other News

Chicken farm

Chicken waste turned to watts

Technology / Energy

created 4 hours ago | popularity 4.5 / 5 (2) | comments 1

A Nevada energy developer says it has developed an environmentally clean way of using animal waste from chicken farms across the state to light up homes and offices. Green Energy Solutions wants to convert ...


A man surfs the web at a cafe in Beijing, China where two Chinese bloggers have been fined for defamation

China bloggers fined for defamation: report

Technology / Internet

created 4 hours ago | popularity not rated yet | comments 0

Two Chinese bloggers were ordered to pay about 290,000 yuan (42,478 dollars) in compensation to the widow of film director Xie Jin for claiming he died in the arms of a prostitute, a report said Saturday.


Comcast settles data discrimination lawsuit

Technology / Internet

created Dec 23, 2009 | popularity not rated yet | comments 3

(AP) -- Comcast will pay up to $16 million to settle a class-action lawsuit accusing the cable TV operator of delaying certain Internet traffic.


NORAD is tracking Santa Claus's progress

Follow Santa Claus, courtesy Google and NORAD

Technology / Internet

created Dec 24, 2009 | popularity 3.4 / 5 (5) | comments 0

Santa Claus is coming to your town -- and NORAD is tracking him as he drops off presents around the world. The North American Aerospace Defense Command, which monitors the North American airspace, on Thursday ...


A man uses a laptop computer at a wireless cafe

China cracks down on online games: report

Technology / Internet

created 19 hours ago | popularity not rated yet | comments 0

China has placed more than 4.65 million computers at some 80,000 Internet cafes under watch in a bid to crack down on violent or pornographic online games, state media reported Friday.