Economic Environment Much Chillier for College Graduates This Year
WELLESLEY, Mass.--(BUSINESS WIRE via COLLEGIATE PRESSWIRE)--Apr 27, 2001--Today, the news is filled with headlines announcing hiring freezes, layoffs and rescinded job offers. Flash back to two years ago, and top-tier consulting firms, banks and dot coms were wooing the best and brightest college graduates with hefty signing bonuses, solo offices and lucrative stock options. The job offers, they are a-changin`. Last summer Microstrategy, a high-tech consulting firm, rescinded job offers one week before new grads were supposed to start. This year Intel not only did the same, but it also offered candidates bonuses for agreeing not to show up for work; other companies are rumored to be following suit. Intel, Cisco and Lucent are experiencing hiring freezes. PricewaterhouseCoopers is culling the ranks, starting with the newest hires.
Should recent college graduates be worried about finding jobs this year? Turn to Salary.com, the leader in online compensation, to answer these pressing employment questions concerning compensation packages, salaries and job availability.
Bill Coleman, vice president of compensation at Salary.com, or Keith Fortier, Certified Compensation Professional, can provide expertise on the following topics:
--Have compensation, benefits and pay changed for college graduates this year versus last year?
--What is the ``apology bonus,`` and is it becoming a trend?
--Should liberal arts majors be worried?
--Are certain industries ``safer`` or more lucrative for this year`s college graduates to explore for job opportunities?
--What is the biggest hiring change that will affect college graduates this year?
--Should new college graduates be concerned about hiring freezes this year?
--Are there fewer jobs available in the market for college graduates?
--What can college graduates do to improve their chances in this ``buyers` market?``
To arrange a media interview with Bill Coleman or Keith Fortier, or for more information on Salary.com, please contact Wendy Robison at (781) 684-0770.
About Salary.com
Salary.com is a top-tier provider of Web-based recruitment and employee valuation products for organizations with market-driven pay practices. Salary.com`s recruiting business builds on the company`s ability to deliver audiences segmented by profession, geographic location, and income through the Salary Wizard(TM) online compensation tool. In addition, Salary.com provides corporate customers with professional-grade employee valuation products with unparalleled compensation data and research capabilities. Located in Wellesley, Mass., Salary.com distributes its compensation tools through www.salary.com and via syndication on major portals and more than 130 other Web sites, including Hoover`s Online, New York Times Digital and all of the top 10 career sites. For more information, contact Salary.com at 781-237-2441, extension 247, or send email to [email protected].
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