Research Highlights - January 2020

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How can you use the findings from the latest research studies to improve your performance and the performance of your organization?  We’ll provide the highlights and key ideas you won’t get anywhere else.

For the 10th consecutive year, the job market is strong for college graduates, despite fears about a recession.  According to Michigan State University’s Recruiting Trends survey job opportunities are expected to expand by 12 percent across all degrees in 2019-to-2020.

The MSU team expected a little more caution in the labor market this year.  But it seems employers were a little more confident this year than MSU had expected. That’s likely because the economy hasn’t really been a problem for them, so employers are hiring, particularly at the associate’s and bachelor’s level.”

This year’s report found employers plan to hire nearly 63,555 new graduates — about 71 percent with bachelor’s degrees and 15 percent with associate degrees.  However, employers plan to slightly reduce hiring for master’s degrees.

The report titled Recruiting Trends 2019-20 summarizes data from 2,800 employers from every major industrial sector in every state.  Among industries, educational services and health care are key to recent job growth.

Interestingly, employers are being a bit more conservative with salaries.  While nearly 40 percent plan to increase salaries, that’s a noticeable decline from the previous year.

The survey also found firms with more than 500 employees slowed their pace of hiring slightly this year, while small organizations are hiring at a brisker pace.  The largest companies also expressed greater concern about retirements creating gaps in the workforce.

Employers continue to look for “T-shaped professionals” — those who have deep expertise in a specific field but can collaborate across a range of disciplines.

Employers want advanced skills in communication, project management, teamwork, and critical thinking.  Not only are those employees going to work across disciplines, but they’re also going across business functions and across organizational, political, cultural and nation-state boundaries.  So, employees need to have a different set of skills than in...

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