This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Majority Of Companies Plan To Hire Recent College Graduates This Year, But Are Those Graduates Prepared?

Stocks in this article: GCIMNI

CHICAGO, April 24, 2014 /PRNewswire/ -- Graduation season is upon us, and this year graduates can expect to find improving job prospects. A new study from CareerBuilder and CareerRookie.com finds that 57 percent of employers say they plan to hire new college graduates, up from 53 percent last year and up significantly from 44 percent in 2010.  

While most employers believe recent college graduates are ready for the real world, nearly one in four (24 percent) don't feel academic institutions are adequately preparing students for positions needed within their organizations. 

"Education plays a critical role in bridging the skills gap and fostering a capable and productive workforce," said Brent Rasmussen, President of CareerBuilder North America.  "The vast majority of employers feel that the skills and knowledge base students gain at academic institutions are aligned with their company needs, but nearly one in four sense a disconnect. As roles within organizations grow more complex and demand for certain degrees outpaces graduation rates, there is an opportunity for employers to work more closely with schools to help guide learning experiences for the next generation of workers."

The national survey was conducted online by Harris Poll on behalf of CareerBuilder from February 10 to March 4, 2014, and included a representative sample of 2,138 hiring managers and human resource professionals across industries and company sizes.

Why are they not prepared?

So why do some employers feel that college graduates are not up to task? The most common concerns include:

  • Too much emphasis on book learning instead of real world learning – 53 percent
  • My company needs a blend of technical skills and soft skills gained from liberal arts – 35 percent
  • Entry level roles are growing more complex – 26 percent
  • Not enough focus on internships/apprenticeships – 16 percent
  • Technology is changing too quickly for academics to keep up – 16 percent
  • Not enough students are graduating with the degrees my company needs– 10 percent

What positions are they not prepared for?

According to employers, recent graduates are less prepared for certain business functions than others. Employers who do not feel students are adequately prepared are most concerned about roles tied to customer service (41 percent), public relations/communications (22 percent), business development (21 percent), sales (21 percent), general office functions (20 percent), and IT (18 percent).

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,614.81 +215.14 1.31%
S&P 500 1,941.28 +37.27 1.96%
NASDAQ 4,419.4780 +103.4040 2.40%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs