April 04, 2022 | By Kevin Gray
TAGS: trends and predictions, surveys, nace insights
College hiring continues to surge as employers responding to NACE’s Job Outlook 2022 Spring Update survey report that they plan to hire almost one-third (31.6%) more new college graduates from the Class of 2022 than they hired from the Class of 2021.
This is a climb of 5% from last fall, when employers responding to the Job Outlook 2022 survey indicated plans to hire 26.6% more new graduates from the Class of 2022 than they did from the Class of 2021. (See Figure 1.)
Driving the surge is the fact that hiring increases are not limited to several industries; rather, they are planned by all industries that had at least five respondents. Furthermore, while some data are limited within certain industries, 28 of the 174 total respondents that provided their hiring numbers also plan increases of 100% or more. The oil and gas extraction industry is doubling its college hires and has the largest projected increase at 105.9%.
Almost 56% of respondents to NACE’s Job Outlook 2022 Spring Update survey indicate that they will increase their college hire numbers and an additional 41% will maintain them. Less than 4% will decrease their number of college hires.
Other highlights from the Job Outlook 2022 Spring Update report include:
Each year, NACE surveys employers regarding their hiring intentions for the graduating class; this is conducted in two parts—fall (Job Outlook 2022) and spring (Job Outlook 2022 Spring Update). The Job Outlook 2022 Spring Update was conducted from February 2 – March 11, 2022. Of the 196 total respondents, 160 were NACE employer members, representing 19.8% of eligible member respondents, and 36 were nonmember companies. The Job Outlook 2022 Spring Update report is available to NACE members in MyNACE.
Source: Job Outlook 2022 Spring Update, National Association of Colleges and Employers
Percent of employers that allocated more resources to recruit historically marginalized students
NACE September 2021 Quick Poll
Percent of students seeking employer that embraces diversity
2021 NACE Student Survey
Percent of employers with a formal diversity recruiting effort
2021 Recruiting Benchmarks Survey Report