According to a recent survey by Job Outlook, for the third year now there is a positive increase in hiring fresh college graduates for 2006. Business owners plan on hiring more from the class of 2005-06 than they did from the 2004-05 class as well as offering higher compensation and benefits for the new hires.

In the annual survey by the National Association of Colleges and Employers, nine out of ten companies describe the new job market as good, very good, and excellent. Public accounting and consulting firms narrated the brightest prospect for the future graduates, while engineering and construction firms supported the idea by saying they’ll also be hiring.

There is a growing demand for new graduates in the job market as a result of the also growing products and services they offer and to keep up with the retiring HR staff.

Who are in demand?

• Mechanical engineering

• Electrical engineering

• Accounting

• Business administration/ management

• Economics/finance

• Computer science

• Information sciences and systems

• Marketing/marketing management

• Computer engineering

• Chemical engineering

Mechanical engineering graduates topped the list and eyeing on them are aerospace, automotive, mechanical equipment manufacturers. They also plan on hiring graduates with Ph.D.s in science and computer related courses.

Banking, transportation, financial, and insurance services are seeking Economics/Finance graduates. The food and beverage processing companies, merchandisers, and financial services will need more Business Administration/Management degree holders. One-third of business owners plan on hiring associate graduates categorized into three: technology, engineering and business related degrees. Insurance and engineering/surveying companies appear the most in need of 2 year course graduates for they bear a productive kind of technical knowledge which does not require more training. They belong to the hands-on work force who developed a good work ethic which is sadly observed by employers as missing in previous amateur graduates.

During the survey, only 23.5%, (mainly manufacturers) respondents planned on hiring international graduates in 2006.

What qualities should a new graduate possess?

• Must have excellent verbal and written communication skills

• Must be honest and has a high regard with integrity

• Can easily relate to others

• Maintain strong work ethic

• Can work well with others –TEAMWORK

• Analytical skills

• Must be self motivated and initiative

• Adaptability to change

• Updated computer skills

• Observant to details

The standards of companies’ ideal candidates are often higher than the last year’s. It is important that new graduates show good G.P.A.s as full time jobs come with good benefits coming from good revenues. Salary, should not be the sole consideration when looking for a job, benefits are part of it.

Here are some of the lists of benefits:

• Life and Medical/Dental insurance

• Retirement plans

• Annual and semi-annual increase

• Employee counseling program

• Dress code

• Paid trainings

• Bonus and commissions

• Family benefits

• Flexi-time

• Performance updates

• Vacation and sick leaves

• On-site fitness and recreational facilities

• Day care center

• Company car/service

The best places to seek competitive employers can be on campus job fairs, during on-the-job-trainings, student organizations and clubs, Internet search job search engines, etc. What’s important is that you target the right employers. Don’t let an opportunity pass, get in the interview to know more about their career offers and don’t forget to research about the company. You must be able to discuss your career objectives and compose a list of relevant and creative questions you can ask yourself.

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Jaane Jaan Dhondta Phir raha…

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Sue was the one everybody wanted.

Definitely someone ‘most likely to succeed’. Talented, smart, great academic results, ambitious, mature, organised, sociable and she loves her touch rugby team. Just an all round great kid who will have a great career despite the setback of her first job.

When she graduated, she received 5 job offers from leading employers and chose a good bank with a well supported graduate program. Sue quit after just 20 months.

If you believe that the whole point of Graduate Recruitment is hiring your future leaders and specialists, then Sue and thousands like her should be setting off alarm bells in major corporations.

Before you read Sue’s story remember it’s not all doom and gloom; there is a simple solution. If you would like to discuss it, call our office and schedule an appointment to talk on the phone or meet.

Sue went to a great high school that she loved. She was a prefect and was heavily involved in the school community. Having received great results in her final exams, Sue enrolled in the 5 year program, Commerce/Law.

She lived at home while at Uni, and her parents fully supported her study which was often fairly intense – her goal was to graduate with a distinction average (and she did). With their support, she only needed to work about 8 hours on reception at the local gym, just to get spending money. “My job was to ‘smile and swipe’. Not too challenging!”

Her choice of commerce law? Well, it was what the smart kids all did, her family were keen for her to do it and she had the grades, so why not?

There was a lot of friendly competition among the ‘smarter kids’ in the course about who they would work for when they graduated and who would get the best starting salary

Like most of her Uni friends, Sue’s parents were not wealthy, and in 5 years she piled up a scary debt of student loans. So, they were all keen to get a big salary and move out of home!

In their second last year, placement in summer vacation internships was the goal. The big firms were out on campus casting wide nets and spending big to get the best to come and join them. They know that without such a program, they won’t have a chance to hire the best the following year – this is the first of the 2 ‘Piranha Feeding Frenzies’ (the second being the intense competition to get the best onto their graduate programs.)

Why just the big firms? Well, they can spread the incredible marketing expense of their Summer Intern program over a large intake. Small to medium sized firms don’t get a look in as it’s just not cost effective.

Sue and her friends got some offers but it was very hard for the students to work out which company was best – though highly educated and intelligent, their knowledge of the corporate world consisted of their own simple fantasies and assumptions.

Not their fault. They have never worked in a professional role. And it’s sure a lot more complicated than it used to be. So many varieties of jobs, so many new careers that didn’t exist 10 years ago. Sue’s parents tried to help, but were also clueless – they own a small business and had no corporate experience.

“So, I chose the big and well known brand, the one who had all the smiling young people at this great breakfast they put on at a luxury hotel. Not to mention the Ipod nano, and other sweeteners offered! But also, ‘Big Bank’ only takes the best students – I had great grades, and I thought why waste them. My parents supported the decision, as the Bank is really well known and profitable.”

Now, ‘Big Bank’ puts a large effort into its summer program – they spend well over $20,000 per intern. When costing it, most firms just include the direct costs like the intern’s salary, brochures, the corporate booths on campus, the free gifts etc.

What they don’t include is management and staff time. To quote one leading banker who has had interns assigned to his Division: ‘they just get in the way; they take up too much time, and we are all so busy. The program is just about marketing and pandering to these kids: there must be a better way to get the best ones to come to us when they graduate. I refuse to take them in my area anymore.” (Manager of a department in Macquarie Bank, anonymous so HR doesn’t murder him.)

In Sue’s words: “They were all really nice to me and gave me heaps of time to tell me about what they did, and let me sit in on meetings – I didn’t understand much of what was going on! The jobs I was given were pretty simple – including the coffee run, filing and copying. The boss was terrific, but I was only there for 9 weeks and he was away for 5 of them on holidays or travelling. He apologised for the lack of supervision, but also for it being a really quiet time being Christmas and January so there wasn’t much for me to do.

“He did give me a research project to do, but I could tell it wasn’t anything important. And he didn’t have time to review it or give me much feedback.

“So while I got to know them quite well, I don’t really know much about what they do.”

And of course, the bank has no idea of how productive Sue is, or how she will perform under pressure. Just that she is willing and keen to please.

For a better way to learn about your future graduates, Know/Act/Profit First by going to http://tinyurl.com/55kemu and learn what a few innovators have started doing.

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Nikita Desai holds an international MBA and a Master’s in International Policy. She was a Fullbright scholar and is fluent in 3 languages. In this interview, Nikita advises graduate students about how to achieve their professional goals after graduation.

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Toby is an active speaker on the international conference circuit. His mission: To give all companies, no matter how few employees they have, the information and expert help they need to do their own recruitment and selection and find great new staff. If you like what you have read so far, you can get more information and resources at www.abacusrecruit.com.au