May 23, 2014 by Hayden Shumsky
Filed under College Newswire, High School
Accenture, a global leader in management consulting, has published their 2014 College Graduate Employment Report. The employment prospects for recent college grads are still quite bleak. Even amongst those who graduated in 2012 and 2013, steady and fruitful employment has not yet been acquired by most. Here are some of the highlights:
Clearly, the lingering affects of the global recession of 2008 have made the job market less robust than in prior years. Yet, beyond the low demand for new employees at the entry level, there seems to be two unmeasurable forces additionally at work.
First, is the increased global competition for American jobs. Top students come from all over the globe to study and work in the U.S. and their presence is likely creating more competition at every level of employment. Further competition comes from global co-locationing of jobs. That is, many of America’s and the world’s top companies no longer host all of their top employees in their American headquarters. It is quite easy and often much less expensive to have employee talent located in other parts of the globe, even if the U.S. is your main market. Look at places like Hong Kong, Bangalore, and Dubai to see where many top corporate jobs are stashed away.
Secondly, employers in the U.S. seem to be dissatisfied with the skills and preparation that American college graduates are bringing to the workplace. In the most recent research by Gallup, one of the world’s largest and most important research and polling organizations, a vast majority of business leaders believe that colleges and universities are not graduating students with the skills and competencies that their business require. Here are some of the findings from the most recent Survey of U.S. Business Leaders:
As the parent of a future college student, you must be confident that your child will be receiving the kind of college education that leads to rapid and gainful employment or placement in top graduate school programs. Too many college graduates are left without fruitful opportunities because of poor college choices in terms of school and major, ignorance of the marketplace, poor performance in college, and the lack of appropriate guidance and preparation.
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