Editor’s Note: This is a guest post by Mike Hanski – a freelance content writer. His opinions are his own.
Hiring college graduates for your workforce is a smart business move in today’s competitive climate. Millennials (and post-millennials) can bring diverse skill-sets to your team to potentially expand your company’s reach and its bottom line, more than ever before.
CareerBuilder reports that 74% of employers say they plan to hire recent college graduates this year, up from 67% last year – the highest outlook since 2007.
With high hopes and high debt, recent college grads are typically very motivated, driven and poised to do well and advance within your company. Translated? You get eager beavers with an array of skills; they get valuable work experience and the opportunity and resource to often pay off massive student loans and credit card debt.
The average new graduate will carry about $37,000 in debt, according to the research site, Cappex. It’s a marriage made in heaven.
And there’s a bonus here for employers: the salary expectations of these workers are generally lower than seasoned employees who have more experience under their belt.
Of all the different dynamics associated with recent graduates (wages, opportunity, ability, etc.) that can affect hiring and performance, the one with perhaps the greatest impact to businesses today is the category of “soft skills.”
According to research conducted by Adecco Staffing USA, “Companies are having a tough time finding good recruits. One of the main reasons: many candidates lack basic soft skills like problem-solving and critical thinking.”
Furthermore, A Talent Shortage Survey conducted through ManpowerGroup reveals that “nearly 1 in 5 employers worldwide can’t fill positions because they can’t find people with soft skills. Specifically, companies say candidates are lacking in motivation and interpersonal skills”.
Soft Skills are simply personal qualities or traits that enable someone to interact effectively and harmoniously with others, and also the ability to find viable solutions for problems.
On the other hand hard skills are typically teachable traits, many of which can be acquired through schooling or training. Think of things like accounting, programming, and statistics. Conversely, soft skills have to do with emotional control, proper judgment, and basically being good with people.
Though soft skills can be difficult to judge on an application or during an interview, being able to assess them (or the lack thereof) is crucial for employee retention and to operate profitably and successfully.
Here are some suggestions to help identify desired traits and choose the best candidate for your hiring needs:
Not only should today’s savvy employer seek out the best talent possible for a strong, skilled, well-rounded workforce; they should also strive to be a company that qualified college grads desire to work for.
These young adults seek similar perks and incentives as former generations and other staff members: a paycheck, lunch, the occasional pat on the back, clear, fair performance expectations, etc.
But, here are a few other requirements and bonuses you can likely expect them to negotiate for or prefer:
Knowledge is power. Give your business a competitive edge and continued growth by practicing due diligence and making smart choices when dealing with today’s graduates.
Best Companies To Work For