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New College Grads Seek Annual Salary Increases Over Healthcare Benefits

CONTACTEdwin Koc, ext. 164, Mimi Collins, ext. 119, 800.544.5272
E-MAILekoc@naceweb.org
E-MAILmcollins@naceweb.org
DATEDecember 13, 2012
SUBJECTNew College Grads Seek Annual Salary Increases Over Healthcare Benefits

BETHLEHEM, PA—Annual salary increases are the most preferred benefit among job-seeking new college graduates, according to results of a new study by the National Association of Colleges and Employers (NACE).

Historically, graduating seniors taking part in NACE’s annual student survey have placed medical insurance in the top spot, according to Marilyn Mackes, NACE executive director.

“However, among graduating seniors taking part in NACE’s 2012 Student Survey, healthcare benefits landed fourth on the list, behind the annual salary increase, a 401(k) match, and tuition reimbursement,” she says.

The most likely explanation for the change, says Mackes, are alterations to federal healthcare-related laws.

“Graduates know that they can now stay on their parents’ coverage until they are 26 years old, making medical benefits somewhat less critical in their list of priorities,” says Mackes.

Despite the change in order, the top five benefits have remained largely the same over the past several years.

“The focus is—and has been--on benefits that provide security,” says Mackes. “Salary increases, the 401(k) match, and various insurances provide a financial net while tuition reimbursement supports the graduate’s ability to acquire new skills and gain or retain value in the job market.”
Top 5 Benefits 

About the 2012 Student Survey: Each year, NACE surveys college students on career-, employment-, and job-search related issues. NACE’s 2012 Student Survey was conducted mid-February through April 30, 2012. More than 59,000 college students nationwide, including 15,715 seniors at the bachelor’s degree level, took part in the survey. (Note: Results presented in this release are based on responses from 2012 graduates who had applied for a job at the time of the survey.) An executive summary of the survey report is available at www.naceweb.org/Research/Student/Student_Survey.aspx.

About NACE: Since 1956, the National Association of Colleges and Employers (NACE) has been the leading source of information about the employment of college graduates. For more information, visit www.naceweb.org. NACE maintains a virtual press room for the media at www.naceweb.org/pressreleases/.


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