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Hiring is Up for Postsecondary Grads

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May 14, 2014

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Hiring is Up for Postsecondary Grads

Employment opportunities are looking up for workers with postsecondary education. A recent survey from the National Association of Colleges and Employers, as reported by U.S. News and World Report, found that employers will be hiring 9 percent more college graduates this year than last.

About half of the employers polled said they were planning to increase hiring. They expect to hire 80 percent of their new workforce with bachelor's degrees, 16.2 percent with associate's degrees and 18.5 percent with master's degrees. The majors they will be hiring from include business, engineering, accounting and computer science.

In addition, a survey from CareerBuilder demonstrates that 27 percent of employers have increased their educational requirements in the past five years, and 30 percent are hiring more workers with postsecondary education to fill positions formerly held by high school graduates. This trend is particularly strong in STEM fields.

Eighty-four percent of employers hiring college-educated employees for these positions did report some positive impact, such as higher quality work and increased productivity. The benefits vary based on occupation, with customer service, sales and management occupations helping the bottom line when staffed by more educated workers, but no effect for IT occupations.

What's the reason behind this upskilling? Fifty-eight percent of employers say it's because of unemployment, and 55 percent attribute it to evolving skills needed for the positions. Whatever the reason, these trends point to the importance of pursuing postsecondary education in an in-demand field.

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