This article is very interesting and has exciting news for soon to be college graduates like us. It states that employers are seeking to hire more college graduates this year than they did the year before and the reason for that change is that :
" Baby Boomers are retiring and more workers are feeling confident enough about the economy to switch jobs . Overall, the United States generated 3.1 million jobs last year, the most since 1999. "
As Josh Kelly, a graduate student from Rutgers university, I found it disappointing that "companies use algorithms to scan resumes..."
Also I dislike the fact that some employers are planning to keep wages flat for college grads. What are your opinions about flat wages for college grads?
It's good news that employment opportunities for graduating students are increasing. I also dislike knowing that there are algorithms scanning resumes because it makes it that much harder to be competitive. I see that happening more in larger cities though rather than smaller companies so he could be leaving out a huge portion of companies that do sort through resumes by hand. I think the increase in employment is a good sign in general, especially for all of us about to join the work force!
ReplyDeleteIt is definitely encouraging that the job market is growing so more college students will be able to find employment. I think that flat wages are okay when college grads first enter a job because most are just thankful to have a job, but it is not sustainable to keep wages flat for long. In an economy that is experiencing inflation, fixed rates will be worth less because your purchasing power would decrease as inflation increases, so flat wages would not work in the long run for college grads. Lastly, I was unaware that some companies use algorithms to scan resumes. This is disheartening to me; I put a lot of time and effort into my resume and cover letter, as do many other students, and if a company I am applying to can't take the time to have one individual look over it, then I probably don't want to work there anyway.
ReplyDeleteAlgorithms to scan resumes?! C'mon now. I know a lot of companies are receiving a lot of resumes, but this resumes are the first step to investing in the future of these companies. I know computers can be efficient, but I feel like each resume should at least deserve to be read by a human. There could be something a human could pick up on that a computer can't.
ReplyDeleteOn the other hand, it's great that the job market is looking up! As all of us are likely looking for employment (or have found it already), this is very encouraging!
As an aspiring college graduate, I'm understandably biased against flat wages for college graduates. However, it is exciting to hear that new jobs are being generated and that employers are honing in on college grads. Hopefully the algorithms these companies are using are good enough to actually separate the qualified candidates from the non.
ReplyDeleteAs everyone else has stated before it is awesome to hear that the job market outlook for graduating college students is increasing because we are all looking for jobs and by the economy creating more jobs the near future looks good for all of us and is encouraging. On the other hand, I did not know that companies were using algorithms to scan resumes and have to agree with Alex that I feel it is hard to be competitive when a computer is looking at my resume instead of a human. i agree that a human might be able to pick up on something that a computer cannot!
ReplyDeleteI agree that it is great that more companies are beginning to increase the number of college graduates they hire. However, I too think it it's unfair to hire college students but at a flat wage rate. I think that college graduates should be offer a decent entry level pay that reflects the education they had received. Also, when companies hire college graduates based on the flat wage rate, it creates a sense of inefficiency and, it puts less skilled workers at a great disadvantage.
ReplyDeleteI agree with everyone that it is encouraging to hear that employers are seeking recent graduates. I wonder, however, how much of that transition to younger talent has to do with the baby boomers retiring and how much has to do with the fact that recent graduates are cheaper labor. While it is discouraging to think that companies are using algorithms to scan resumes I think it is important to remember how many resumes some large companies receive. While we all put a lot of time and effort into our resumes, that is not the case for everyone.
ReplyDeleteI agree with Bronte, that the use of algorithms to choose future employees is somewhat depressing since I am a student and it does not account for personality (which would occur in the next step - interview)....even though it is an extremely effective method. Furthermore, it is great that more employers are selecting for a younger crowd of workers. I think this may be since the United States has a larger population that is near retirement in comparison to a small proportion of younger citizens.
ReplyDeleteI think that using algorithm to scan resumes is really unfair. Even though we might use similar formats, there are still personality factors displayed there! I'm curious about the method used in the research to draw such conclusion, because some companies read your resume REALLY carefully, I mean word-by-word. And during the interview, they would ask you to explain every single word in there.
ReplyDeleteAnd why would they think of flat wage for college grad? At least, there is a difference in education quality among colleges because there is a ranking system for them.