The outlook for college grads is not the same as it has been in the past — like, say, in 2007, when 79 percent of employers indicated in a CareerBuilder survey that they planned to hire recent college grads. Still, although it appears the overall job market for 2010 college graduates will remain highly competitive, this year’s job forecast is showing some signs of improvement.

Although the number of employers planning to hire recent college graduates in 2010 is 44 percent — relatively unchanged from 2009’s number of 43 percent, one in five employers (21 percent) who are planning to hire recent grads said they will hire more of them than they did last year. On top of that, 16 percent (as opposed to last year’s 11 percent) reported they will offer higher starting salaries than they did in 2009.

Wait — how high?

• Thirty percent of employers plan to offer recent college graduates starting salaries ranging between $30,000 and $40,000.
• Nineteen percent will offer between $40,000 and $50,000
• An additional 19 percent will offer $50,000 or more.
• Thirty-three percent will offer less than $30,000.

“Even though companies are gradually starting to hire again, the job market will still be challenging for college graduates this year,” said Brent Rasmussen, President of CareerBuilder North America. “To take advantage of the opportunities that exist, it’s important for recent graduates to start their search early, remain positive and keep an open mind. In addition, networking and showing relevant work experience – whether it is internships, class work or volunteering – can help make your application stand out.”

Work experience — what counts?

When looking at a candidate’s resume, particularly of a soon-to-be or recent college grad, what really counts when it comes to work experience? If you’re only looking at a candidate’s paid work, you ought to broaden your considerations. Experience can come from many places, and particularly in light of a tough economy, candidates are exploring new areas to gain the experience that can sometimes be hard to find in the traditional sense.

Employers reported that the following activities qualify as pertinent work experience for recent college graduates to include on their resumes:

• Internships – 62 percent
• Part-time jobs in another area or field – 50 percent
• Volunteer work – 40 percent
• Class work – 31 percent
• Involvement in school organizations – 23 percent
• Helping managing  sorority & fraternity activities – 21 percent
• Sports participation – 13 percent

More than just that je ne sais quoi

Furthermore, experience, whatever parameters you define it in, is not the only important factor in a candidate’s application. While employers in our CareerBuilder survey said that experience is one of the most influential factors in their decision to hire a recent college graduate, they also pointed to the following attributes:

• Good fit with company culture
• Comes in with good ideas and asks good questions
• Educational background
• Level of enthusiasm
• Comes to interview prepared and is knowledgeable about company

Speaking of recent college grads doing their homework, it may be a good time to make sure you’ve done yours by tweaking those tired interview questions. It’s almost graduation time, and while you may be screening new grads, they’ll be screening you too. It’s a new class, with new expectations.  Are you ready?

You can find the full press release about 2010 college graduates here.

Millenials. Comprised of those born after 1980, or those 18-29 years old, they’re America’s newest generation.  (And it’d be more fun if they were called this, no?) But what else are we learning about them, particularly when it comes to the workplace? A new report aimed at Millenials attempts to answer some of our unanswered questions.

Who are Millenials?

Fifty million people currently fall into the “Millenials” category. Pew Research Center, a nonpartisan fact tank that provides information on the issues, attitudes and trends shaping America and the world, has just released a report called “Millenials: Confident. Connected. Open to Change.”

The report, conducted by Pew Research Center’s “Social & Demographic Trends Project,” compares the values, attitudes and behaviors of Millenials with those of older adults, and seeks to shed some light on which formative experiences Millenials will carry throughout their life cycle. Among other findings, the report found that personality-wise, Millenials are confident, self-expressive, liberal, and upbeat, and are open to change.

Dissatisfied With Work Now — But Optimistic for the Future

Interestingly, although Millenials’ careers have been derailed — or at least detoured — with a recession, they are more upbeat than their elders about both their own economic futures and the state of the nation.

Having a high-paying career is cited by only 15 percent of 18- to 29-year-old respondents as one of the most important things in their lives, while things like a successful marriage and being a good parent rank much higher — even though unemployment for this age group is higher now than it has been in more than three decades.

Unemployed Millenials

• Only 19 percent of unemployed Millenials say they have enough money to live the kind of live they want

• 89 percent, however, believe they will have enough income in the future

Employed Millenials

• Just 31 percent of employed Millenials reported making enough money to lead the kind of life they want — leaving 69 percent who are not satisfied.
• They are less satisfied than previous generations; 46 percent of Gen Xers, for example, cite satisfaction with their income.
• Among those employed Millenials dissatisfied with their income, 88 percent are confident that they will be able to earn enough in the future.

How They View Their Elders

They respect their elders. Surprised? According to the report:

“A majority say that the older generation is superior to the younger generation when it comes to moral values and work ethic.”

New Einsteins

This generation is also poised to become the most educated generation in American history — a trend which, according to the report, is driven largely by the demands of a modern knowledge-based economy, but also by the millions of 20-somethings enrolling in educational institutions like graduate school or community college due to lack of a job. A record share of 18- to 24-year-olds (39.6 percent) were enrolled in college in 2008, according to census data.

BlackBerrys in the Bed

As we’ve discussed on the blog before, the lines between work and personal lives are getting blurrier by the minute. And now, Millenials are being called the first “always-connected” generation in history. According to the report:

“Steeped in digital technology and social media, they treat their multi-tasking hand-held gadgets almost like a body part — for better and worse. More than eight-in-ten say they sleep with a cell phone glowing by the bed, poised to disgorge texts, phone calls, e-mails, songs, news, videos, games and wake-up jingles,” the report says.

Social Media? Yes Please!

A whopping 75 percent of 18- to 29-year-old respondents said they have a social networking profile. And although this generation is characterized as wary of human nature and many have their profile on lockdown, there are still great ways to c0nnect on public pages and forums.

If you’re an employer and you’re not involved in social networks, you’re missing an opportunity to get in front of a huge group of potential candidates.

Education

When ranked with older generations at comparable ages, Millenials are shown to be more highly educated (in the formal sense).

• More than half of Millenials (54 percent) have at least some college education, compared with 49 percent of Gen X, 36 percent of baby boomers, and 24 percent of the Silent Generation
• Millenials, when compared with previous generations at the same age, are also more likely to have finished high school
• Conversely,  Millenials are less likely to be employed than their elder generations; 63 percent of Millenials are likely to be employed, compared to 70 percent of Gen Xers or 66 of baby boomers had been at the same age
• Compared with the Silent Generation at the same age, Millenials are overall are more likely to be in the labor force

We’re Different

Like many of us (see what I did there?), sixty-seven percent of Millenials also see their age group as unique, according to the report. When asked why, the most popular response at 24 percent was “technology use.” Other responses included music, pop culture, and tolerance. And 6 percent say it’s because they’re smarter.

There’s much more to the report — you can read it in its entirety here.

Employers, what do you think, based on what you’ve experienced with Millenials in the workplace? And Millenials, do you agree with the report’s findings?

No, I mean you’re kind of living In Good Company, the 2004 film where Dennis Quaid’s character finds himself working for a much younger boss, played by Topher Grace.  Oh, and also, you actually are in good company…

According to a new survey by CareerBuilder,  43 percent of workers ages 35 and older said they currently work for someone younger than them. (Sorry…no data on how many of these workers’ daughters were also dating their younger bosses.)

That figure increases to 53 percent when looking at workers age 45 and older, and to 69 percent for workers 55 and up. Perhaps not surprisingly, the survey showed that the younger boss/older worker dynamic can be a source of friction in the workplace, with 41 percent of those who work for someone younger saying they had difficulty taking direction from a younger boss. 

The reasons it’s so hard to work for someone younger? According to survey participants:

• They act like they know more than me when they don’t.
• They act like they’re entitled and didn’t earn their position.
• They  micromanage.
• They play favorites with younger workers.
• They don’t give me enough direction.

(What do you think about these findings? Are you on either side of a younger boss/older worker relationship?  If so, does that dynamic affect your workplace? Tell us in the comments section below, or keep reading for tips on how to better manage these types of relationships.)

Despite the differences between you and your younger boss or older employee, if you can recognize that you each bring something different and valuable to the table, Rosemary Haefner, vice president of human resources at CareerBuilder, says that will be the key to getting along and driving the business forward.  

“By looking past their differences and focusing on their strengths, workers of any age can mutually benefit from those around them, creating a more cohesive workplace,” Haefner says in the press release.

PrimeCB.com, CareerBuilder’s job site for mature workers, offers the following tips for bridging generational differences at work: 

• Understand others’ point of view: Different generations tend to have differing opinions on a variety of topics, from management style to pop culture. Put yourself in others’ shoes to better understand where they’re coming from.
• Adapt your communication: Younger workers tend to favor communicating frequently using technology, such as e-mail and instant messenger. Older workers may prefer more face-to-face contact. Both parties should take this and other communication differences into consideration when interacting.
• Keep an open mind: Try not to make assumptions about those who are of a different age group than you. All workers have different skill sets and strengths, so see what you can learn from others rather than making judgments based on their age.

Ever had to answer to someone younger or manage someone older? What advice would you give to others?