Korn/Ferry Survey Indicates Labor Market for New Graduates Should Remain Strong



    
    - Nearly Two out of Three Executives Say Their Company is Hiring Recent
    Grads -

    
    LOS ANGELES, July 10 /CNW/ -- An uncertain global economy and labor
market are not significantly affecting hiring plans for new graduates,
according to survey results released today. The latest Executive Quiz from
Korn/Ferry International (NYSE:   KFY), a premier global provider of talent
management solutions, was tabulated in June 2008 as the majority of new
university graduates hit the job market.
    Nearly two-thirds (65 percent) of executives surveyed say that their
organization is planning to hire recent graduates with either a bachelor's or
master's degree this year. In addition, 65 percent also say they are hiring
either the same number (35 percent) or more (30 percent) new graduates this
year than in recent years. The good news was tempered by 36 percent of
executives who say they are hiring fewer new graduates than in past years.
    "Hiring plans for new graduates seem to be holding strong despite a
downward trend in the overall labor market," said Caroline Nahas, managing
director of Southern California for Korn/Ferry. "Maintaining the pipeline of
new talent is critical even during an economic downturn as it positions
companies for a recovery. Further, as Baby Boomers continue to retire and
deplete the workforce, companies need to continue to replenish their future
talent pool."
    The survey results also provided insight into how new graduates can
increase their odds of getting hired. Respondents cite the interview process
as the most critical element in the hiring decision, running away with 71
percent of the vote, as compared with past internship or work experience (21
percent), reputation of the school (five percent) and references (four
percent).
    During the interview phase, the most common mistake candidates make is
not doing their homework on the position and the company (59 percent). Other
noteworthy mistakes made by candidates include applying for a position beyond
their ability (18 percent), lack of professionalism (12 percent) and
overemphasizing salary and title (11 percent).
    
    Methodology
    
    The Korn/Ferry International Executive Quiz is based on a global survey
of executives registered within the firm's online Executive Center,
ekornferry.com. Respondents from more than 90 countries, representing a wide
spectrum of industries and functional areas, participated in the most recent
Executive Quiz in June 2008.
    
    About Korn/Ferry International
    
    Korn/Ferry International, with more than 80 offices in 39 countries, is a
premier global provider of talent management solutions. Based in Los Angeles,
the firm delivers an array of solutions that help clients to identify, deploy,
develop, retain and reward their talent. For more information on the
Korn/Ferry International family of companies, visit http://www.kornferry.com.




For further information:

For further information: Asia Pacific, Shireen Nisha, + 65 6231 6123,
shireen.nisha@kornferry.com, or EMEA, Stephanie Mitchell, +1-650-508-7465,
stephanie.mitchell@kornferry.com, both of Korn|Ferry International; or North
America, Kevin Oates, +1-310-584-8331, kevin.oates@ketchum.com, or South
America, Teresa Santos, +55 11 3457 0206, teresa@s2.com.br, both for
Korn|Ferry International Web Site: http://www.kornferry.com

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KORN|FERRY INTERNATIONAL

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