AUSTIN, TX (May 14, 2020) – Indeed, the world’s number one job site, released today the results of a college graduate sentiment survey in the US. As we navigate one of the most difficult job markets in recent history, more than half (52%) of the graduates surveyed indicate that they feel less confident in being able to find work after school due to the impacts from COVID-19. Additionally, 34% of respondents think they will have a difficult time getting into the industry they are graduating in as a result of COVID-19.
When surveyed on the most important factors in making a decision, the top three reasons graduates indicate they would accept a job offer are pay (41%), job location (42%), and benefits (37%). Least important job factors for this year’s graduating class include: the products/services the company offers (3%), a recognizable brand (4%), and the company’s mission (14%).
“These are unprecedented times in our labor market, and we encourage graduates to remain patient during their job search process,” said Paul Wolfe, Indeed SVP of Global Human Resources. “Most students graduating and entering the workforce now are Gen Zers, who may have experienced a parent losing their job during our last US recession. Given their exposure to employment uncertainty, it is no surprise that things like salary and benefits take priority for these job seekers over a company’s brand recognition or mission statement.”
When asked about their plans for post-graduation, 61% of students indicate they want to find a job post graduation, 11% report having secured a job, and 30% say they want to go back to school after graduation. Of those that have already found a job, 21% of respondents found work in the healthcare and social assistance industries. Finance, accounting, and insurance were the next most popular fields, with 13% of respondents committed to roles in those sectors after graduation.
Indeed surveyed 1,000 college students graduating this year to determine the confidence in this year’s graduating class in the job market as they enter the workforce, and the most important factors when accepting a job offer.
Indeed recently announced several new product features to help job seekers, including Virtual Hiring Events, remote work tag on jobs, and the ability to add #readytowork to your Indeed resume, indicating to employers that the job seeker is available to work any job now. You can learn more about these features here.
More people find jobs on Indeed than anywhere else. Indeed is the #1 job site in the world (comScore, March 2018) and allows job seekers to search millions of jobs in more than 60 countries and 28 languages. More than 250 million people each month search for jobs, post resumes, and research companies on Indeed, and Indeed delivers 3X more hires than any other job site (SilkRoad Technology Source of Hire Report, 2018). For more information, visit indeed.com.
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Kelly Oude Veldhuis