2015 college graduates will have something to look forward to along with that brand new career: a 5.2% increase in salaries from the class that preceded them. This puts the average salary at roughly $50k a year, rather than the $48k that 2014 was receiving. Here’s a breakdown by discipline:
Computer and information sciences: $73,000
Liberal arts and sciences: $65,000
Social sciences: $48,000
What does this mean to recruiters? Well, since you should be already marketing to Generation Z, you should know they are well-informed and savvy about what other companies may be offering. Your pay rates will probably have to respond in kind. And according to The Wall Street Journal, next year’s graduates will be stepping into an even better job market, with a projected increase of 11% more grads being hired straight out of college.
A healthier job market is always great news, but only if your company responds to the changes. In a candidate-driven market (especially a savvy candidate-driven market), you’ll always have to stay on the leading edge of this kind of data. Knowledge is power, which is exactly what all those college students are thinking as they move into the best job market in years.
Makes sure you’re ready for the healthier job market and candidates that will be flooding the market — contact Staffing Robot to get your brand and website on point!