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  • Hiring Up for Class of 2016 Graduates, but Projections Trimmed From Last Fall

    April 06, 2016 | By NACE Staff

    Trends & Predictions
    A researcher jots down notes on various spreadsheets of data.

    TAGS: hiring outlook, spotlight

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    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 NACE’s Job Outlook 2016 Spring Update report.

    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.)

    The Job Outlook 2016 Spring Update survey was conducted from February 10 – March 22, 2016. The survey was sent to 944 NACE members; 144, or 15.3 percent, responded. NACE members can access the Job Outlook 2016 Spring Update report through MyNACE.

    Figure 1: Job Outlook Hiring Projections, 2014-16

    Source: Job Outlook 2016 Spring Update, National Association of Colleges and Employers

    Figure 2: Hiring Plans

    Job Outlook Percent
    Increasing Hires
    Percent
    Maintaining Hires
    Percent
    Decreasing Hires
    Spring Update 2016 40.9% 22.0% 37.1%
    Job Outlook 2016 (Fall 2015) 40.1% 46.7% 13.2%
    Spring Update 2015 55.9% 11.8% 32.2%
    Source: Job Outlook 2016 Spring Update, National Association of Colleges and Employers

    Figure 3: Job Postings and Applications Down

    Recruiting Year Average Number of
    Job Postings
    Average Number of
    Applications Per Posting
    2015-16 67 22.7
    2014-15 148 23.4
    2013-14 99 28.4
    2012-13 106 18.4
    2011-12 116 32.6
    2010-11 105 21.1
    Source: Job Outlook 2016 Spring Update, National Association of Colleges and Employers