It’s a sad time of the year, depending who you are. Summer is just about over, our beach days are limited and school bells are ringing again (do school bells still exist?). For most companies across the country, the worst part is that college interns are leaving. That’s right, your cheap labor is leaving and it’s time to consider hiring a full-time employee.
Regardless of whether or not you plan on bringing someone onboard full-time, most companies are expected to increase their staff at the end of this quarter. This isn’t irregular. We typically see this trend during this time of the year. However, compared to recent years, the end of this quarter is expected to be a blockbuster hit for recent college grads.
Let’s Look at the Numbers
Here are some interesting facts concerning industry hiring in the U.S., according to a study conducted by the ManpowerGroup:
- “Of the more than 18,000 U.S. employers surveyed, 22% anticipate an increase in staff levels in their Quarter 3 2014 hiring plans.”
- “…anticipated staff reductions remain among the lowest in survey history at 4%.”
- “U.S. employers report a seasonally adjusted Net Employment Outlook of +14%.”
According to the same study, “This is the strongest Net Employment Outlook since Quarter 2 2008, when the Outlook was also +14%.” The Manpower Group’s study continues to predict an increase in industry hiring for Quarter 3, which is good news for not only young professionals, but for the U.S. economy as well.
Eat While It’s Still Hot!
The majority of American companies are hiring and if you’re one of them, don’t procrastinate. The longer you wait, the better chance you’ll have of hiring an actual procrastinator—someone who waited until the end of summer to apply for a job, because he was too busy lounging poolside and flirting with Mrs. Robinson and…well, you get the point.
(If you don’t get this reference, watch the 1967 classic, The Graduate. It’s a good one.)
There’s a large pool of talent out there and you have a better chance of getting the best candidates if you actually read some of those resumes that are probably lying on your desk right now. And much like summer, interns are seasonal. So fill the void of your intern’s absence by hiring a young professional like the rest of the county. Go ahead, everyone’s doing it!
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