The National Association of Colleges and Employers (NACE) has released findings from their “Job Outlook 2023 Spring Update” survey, revealing that employers are planning to hire 3.9% more graduates from the class of 2023 than from the class of 2022. This is slightly lower than the 14.7% increase in hiring projected in the fall of 2020.
The survey found that over one-third of respondents plan to increase hiring, while more than half will maintain current hiring levels. However, 12% are expecting to reduce their college hiring. The report stated that this may be due, in part, to some industries cutting back on their college hires, such as technology companies who are letting go of employees after the surge in hiring during the pandemic.
The survey also noted a shift in the average starting salary for new college graduates. According to NACE’s “Winter 2023 Salary Survey”, starting salaries for those with bachelor’s degrees seem to be leveling off, even for those in traditionally high-paying disciplines.
Overall, employers are still continuing to hire, but the rate of hiring is lower than what was expected. These findings provide valuable insight into the job market and can help guide college