College Graduates Not Receiving Formal Entry-Level Job Training, But is the Expense Worth it for the Employer?
ByThe tough job market for recent college graduates is well chronicled, but less than half those who do find work are not getting entry-level training.
According to a new study from Accenture, 48 percent of recent college graduates are receiving formal training upon starting their first job. This causes newly minted members of the workforce to fall back on things they learned in an internship and not in the classroom, the study found.
"When I went to my first internship, I went there zero clue that companies actually sit down and use Excel sheets and how much it can actually do," Sabrina Haque, a 2013 IT Management graduate from Georgia Tech, told USA Today. "So based on that internship, I was given a lot more exposure to what is required in the real world."
Haque is now a solution engineer for Memo Logistics and she got through the early stages of her new job by shadowing experienced workers. She also relied on Microsoft Excel and database skills she picked up in her internship.
A Gallup poll conducted last year outlined a certain conundrum facing job-seeking recent college graduates. The poll found 11 percent of business leaders thought college prepared students for the workforce. However, 96 percent of academic officers at various institutions believe their school is at least "somewhat effective" at preparing students for the workforce.
"I think most businesses tend to try and cut out training expenses and I think that's the mistake," Steve Anderson, a training and technology adviser, told USA Today. "Training is worth the effort and expense to put in place, but [businesses] need to seek out the training that their staff needs to be most productive."
The Accenture study found 46 percent of 2012/2013 college graduates are working jobs today that do not require a degree. The study authors also found that 80 percent of college graduates expect job training for their first job.
Katherine LaVelle, managing director of Accenture's talent and organization practice, told USA Today she felt like employers are looking for the perfect college graduate. It is in an unrealistic expectation to find someone fresh out of college that is completely prepared to perform the job they are applying for. She said entry-level training pays for itself in the long run.
"The benefits of a formal training program result in higher performance, shorter time-to-competency and increased tenure," LaVelle said. "Those three benefits more than more than justify the costs of that training, if done correctly."