Employers: How important is prior work experience for new college grads?

When it comes to the qualities that employers seek in their new college hires, work experience is among the most valued, according to results of the recently released annual survey conducted by the National Association of Colleges and Employers (NACE).

NACE’s Job Outlook 2018 survey found that beyond seeking candidates who possess attributes like problem-solving, teamwork, communication, and leadership skills, employers specifically look for candidates who have completed internships and cooperative education assignments (co-ops) – both within their own organizations and within their industries. On a lesser scale, they look for candidates who have general work experience.

There are several reasons why prior work experience – especially that with the hiring organization – is important. For example, that familiarity between the organization and candidate aids the employer’s retention efforts. NACE research shows that interns who have prior experience within an organization have an average retention rate of 70.6 percent after one year, as compared to 65.8 percent for candidates who have internship experience with another organization and 46.3 percent for hires with no internship experience at all.

Students, too, realize the importance of gaining work experience. Among the Class of 2017, more than 62 percent reported that they completed an internship and/or co-op during their college careers.

About the Job Outlook 2018 survey: Data for the Job Outlook 2018 survey were collected from NACE’s employer members from August 9, 2017, through October 2, 2017. A total of 201 surveys were returned – a 20.5 percent response rate. Of those responding, 14.4 percent of respondents were from the West, 25.9 percent were from the Northeast, 23.9 percent were from the Southeast, and 35.8 percent were from the Midwest.

The complete Job Outlook 2018 report is available for purchase at www.naceweb.org/store/2017/job-outlook-2018/.

Also see:  How different types of college internships affect job offers and salaries

~ Source: NACE

~ Posted by: Richard Webster, Ace News Today   /   Connect with Richard on Facebook and Twitter