See What Employers are Saying

See What Employers are Saying

The Reality of the Job and Internship Market

Wake Forest University released a video on the State of the U.S. Labor Market. Another insightful video is offered by the Veritas Forum: Coronavirus & Quarantine: The Economy. Career, and Jobs Edition.

National Association of Colleges & Employers (NACE) Poll Results 

Updated June 29th, 2020

"Though a relatively small percentage of employers have revoked the offers for full-time jobs they made to Class of 2020 college graduates, the number appears to have peaked for the time being, after growing substantially since NACE asked the question during NACE’s April quick poll. Still, delaying start dates or having full-time hires begin to work remotely are more common responses at this point.

  • 7.5% of employers have revoked or will revoke full-time offers to graduates from the Class of 2020. This percentage has climbed overall, although it is down from 9.0% in mid-June. On May 1, only 4.4% of employers were revoking offers to full-time recruits. As a benchmark, this number reached about 9.5% at its peak during the Great Recession of 2008-09.
  • Although based on a very small number of responses (n = 22), it appears that employers that are revoking offers are either revoking nearly all their offers or only a small percentage of them—with extremely little middle ground.
  • 31% of responding employers are delaying start dates for full-time hires from the Class of 2020. This percentage has remained fairly stable throughout the month of June.
  • Among the employers delaying start dates, most (73%) report the length of the delay is one to three months.
  • While selecting all options that apply, recruiting offices report they rely on various factors when determining whether to delay start dates. For example, 56% of respondents considered local government orders/regulations, and 57% considered governors’ executive orders and state regulations. On average, respondents reported considering two to three of the provided factors when making their decision to delay start dates. Interestingly, poll data show that, as the month has progressed and more governors and local municipalities are relaxing restrictions, recruiters are increasing their consideration of whether reliable and safe procedures are established to reopen safely, relative to their consideration of state and local regulations. Moreover, recruiters have had fewer concerns about reduced demand and revenues to pay employees’ salary as employers perceive the economy to be improving.
  • 58% of employers plan to start full-time hires working remotely. This figure has dropped consistently from 66% at the start of the month, likely reflecting that more workplaces are reopening and bringing people back to work at their physical locations.
  • 58% of respondents still need to determine the duration of the remote start for their new college hires, while 25% are planning for the remote start to last one to three months."

Source: National Association of Colleges & Employers Coronavirus Quick Poll as of June 29th, 2020. N = 243. Retrieved from https://www.naceweb.org/talent-acquisition/trends-and-predictions/coronavirus-quick-poll-preliminary-results/ 

So, what are employers saying?

Employers were asked, “What is one piece of advice you would offer to students who are applying for jobs/internships during this unprecedented time?” Here’s what they said:

  1. Be persistent and stay engaged. Continue to apply to jobs, openly communicate with employers, and don’t be afraid to ask us questions.
  2. Be patient. Even though you may not see many opportunities for summer, hang in there. Employers are also trying to adjust to this new normal.
  3. Develop your virtual proficiency. Be prepared to participate in online interviewing, and work in a remote capacity.
  4. Be flexible and adaptable. Keep an open mind about your career path and understand that your first job or internship may be in a different field than what you may have imagined. Widen your search and look at applying to different industries. Also, be sure to highlight your ability to be flexible and adaptable on your resume and in interviews.
  5. Stay positive. Know that this crisis will not last forever. Try to stay positive during these tough times.

Source: Survey conducted by Rowan University’s Office of Career Advancement, in collaboration with the Rutgers University-Camden Career Center.