The Average Entry-Level Salary and Intern Compensation of 2024
Nov 13, 2024
In 2024, early-career salary expectations are influenced by the competitive landscape and Gen Z’s priorities. According to the RippleMatch 2024 Salary Benchmarking Report (available to download for free here), competitive compensation is a top priority for Gen Z talent, many of whom value financial growth potential over other job attributes. This report provides a comprehensive breakdown of salary data across fields, industries, and job functions, with particular insights into the expectations and realities of entry-level roles and internships.
How to Write a Job Description That Appeals to Gen Z Candidates
Nov 07, 2024
Generation Z is now the dominant entry-level cohort, reshaping early career recruitment with new expectations and behaviors. Unlike previous generations, Gen Z candidates often rely solely on the job description to decide whether to apply, with limited additional research into the company beforehand. Recent data collected by RippleMatch shows that 69% of Gen Z candidates read the full job description before applying, but don't seek out further details on the organization until later stages. This makes job descriptions critical real estate for communicating essential information, as they’re often the only impression a candidate will get before deciding to apply.
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Introducing: RippleMatch CRM
Campus recruitment teams face many challenges. Two of the biggest concerns are identifying talent early and keeping candidates engaged. Of course, ensuring that candidates have a positive experience is also important. But with a shifting recruitment landscape and a need to consistently meet hiring deadlines, how can talent acquisition teams manage these responsibilities?
Recruiting Strategies to Bolster Diversity and Expand Beyond Core Schools
Increasing diversity isn’t just a moral imperative—it’s a business one, as well. Companies with a diverse workforce see higher revenues and are more likely to be measured as innovative leaders in their industries. Showing a strong commitment to diversity and inclusion is also essential to attracting the talent that leads to innovative and standout results, with 67% of job seekers citing diversity is an important factor when considering a company.
28 Diversity-Focused Organizations to Partner With to Increase Representation at the Entry-Level
In order to recruit and retain a diverse workforce, you must start at the entry-level. Gen Z makes up the most diverse workforce yet, but focusing on traditional recruiting pipelines may make it difficult to hire students from underrepresented backgrounds. By hiring primarily from a few core schools, you could be missing out on a lot of great talent who attend smaller or less well-known colleges. One way to increase your diversity hiring at the entry level is to partner with organizations that support underrepresented minorities. There are countless organizations that provide support, resources, and training to diverse candidates, and many are happy to work with corporate partners. By supporting these organizations, your company can not only provide training and assistance to underrepresented candidates, but you can open up your pipeline and hire interns and entry-level employees directly from their membership base. Here are 28 diversity-focused organizations to partner with.
How to Host High-Impact Virtual Events
After more than a year of hosting events almost exclusively online, we’ve all learned a thing or two about what works and what doesn’t. However, what kept students engaged at the beginning of the pandemic may not be enough now that so many are suffering from Zoom fatigue and struggling to balance overprogramming. Whether you’re looking to improve your virtual recruitment events or are hoping to wow your summer interns, it’s important to reevaluate and refresh your virtual event strategy.
The Top Women’s Colleges to Find Entry-Level Candidates
Today, women make up nearly 60% of undergraduate enrollment in colleges across the United States — a major increase since the 1960s when just 41% of higher education students were female. While most colleges today are coeducational, there are just over 30 women-only colleges remaining in the United States and Canada (down from 230 schools in 1960), according to the Women's College Coalition. These schools offer their students a unique cultural and academic experience. Women’s colleges enroll hundreds of thousands of college students yearly, with accepted students from all backgrounds.
The Top Tribal Colleges and Universities to Recruit From
American Indians and Alaska Natives are vastly underrepresented in certain job fields. Less than 1% percent of people employed in STEM are American Indians or Alaska Natives. Plus, less than 10% of medical schools today have four or more American Indian and Alaska Native students enrolled.
Summer 2021 Internships: Virtual, Hybrid, or In-Person?
When the coronavirus pandemic upended daily life in 2020, the way we work changed almost overnight. Many employees began working from home, originally expecting to return to the office within a few weeks. As it became clear that remote work would continue indefinitely, companies were forced to make decisions about their summer internships. According to NACE, the National Association of Colleges and Employers, more than 1 in 5 companies cancelled their internships entirely in 2020. Of those who held summer internships, 70% conducted them virtually or in an otherwise adapted setting. We found very similar results in a recent survey of campus recruiters.
Tips for Hosting Virtual Internship Programs in 2021
In 2020, many companies were forced to host their internships virtually, with little time to plan. The ability of university teams to adapt in-person programs in as little as a few months or even weeks was impressive, but many lessons were learned from the hastily-formed programs.
How to Leverage Diverse Partnerships to Connect With Top Black Talent
Now, more than ever, companies understand the importance of building diverse teams. However, Black workers remain underrepresented in the fastest growing markets and industries. Almost half of Black private-sector employees work in low-salary industries like retail, food service, or healthcare, which have the highest share of workers making under $30,000. Conversely, Black workers are underrepresented in high-growth and high-paying industries like financial services, information technology, and professional services. Even in industries with high representation, like retail, Black employees are rarely represented at the executive level.
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