PA—Employers expect to hire 5.2 percent more new graduates from the Class of 2016 than they hired from the Class of 2015, according to a new report from the National Association of Colleges and Employers (NACE).
NACE’s Job Outlook 2016 Spring Update report found that while hiring activity for the college Class of 2016 is positive, the current hiring projections are down from the 11 percent increase employers originally reported through the Job Outlook 2016 survey, results of which were published in November 2015. (See Figure 1.)
Much of the change can be attributed to a larger portion of employers reporting plans to trim hiring. Just 13.2 percent of respondents originally reported plans to hire fewer 2016 graduates than they did 2015 graduates; currently, more than one-third say that is the case. (See Figure 2.)
Additionally, the average number of job postings for the 2015-16 recruiting year is down significantly compared to the 2014-15 year, while the average number of applications per posting remains fairly consistent between the years. (See Figure 3.)
Figure 1: Job Outlook Hiring Projections, 2014-16
Figure 2: Hiring Plans
Figure 3: Job Postings and Applications Down
About the Job Outlook Survey:The Job Outlook survey is a forecast of hiring intentions of employers as they relate to new college graduates. Each year, the National Association of Colleges and Employers (NACE) surveys its employer members about their hiring plans and other employment-related issues in order to project the market for new college graduates for the current class and to assess a variety of conditions that may influence that market.
The survey is conducted in two parts: fall and spring. This release is based on data gathered in the spring. Data were collected from February 10, 2016, through March 22, 2016. A total of 144 NACE-member organizations participated; a 15.3 percent response rate.
By region, 22.9 percent of respondents are from the Northeast, 27.8 percent are from the Southeast, 33.3 percent are from the Midwest, and 16.0 percent are from the West.
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