US job market will improve, says Study


Washington, Oct 28 (IANS): Hiring of college graduates is expected to jump 16 percent in the US, though the starting salaries will see only a modest growth, says a study.

About 60 percent of employers said they will keep starting pay the same as last year for the newly minted degree-holders, the survey of more than 5,700 companies revealed.

The remainder will offer salary increases of an average of a three to five percent, the findings showed.

"Pressure on employers to increase starting salaries has been minimal since the market crash in 2008," said study author Phil Gardner from Michigan State University in the US.

More employers, however, are increasing their incentives to attract the best candidates as the job market improves, Gardner said.

The survey found that engineers at all degree levels continue to receive the highest starting salaries.

For example, a new electrical engineer with a bachelor's degree will on an average make about $57,000 (Rs.3,497,263.50) per year.

On the lower end of the starting salary scale, those with new bachelor's degrees in social work, advertising and psychology can expect to start at about $37,000 (Rs. 2,270,153.50).

The findings precede the full Recruiting Trends report, the largest survey of employers' hiring intentions for college graduates in the US. The full report will be released in November.

  

Top Stories


Leave a Comment

Title: US job market will improve, says Study



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.