This Week's Herman Trend Alert Talent Production and Attraction in 2015

The Herman Trend Alert August 5, 2009 Highest Paid Jobs for Fresh Grads College students: Want the highest starting salary in this economy? Study engineering. According to a new report from the National Association of Colleges and Employers (NACE), engineers earn the best starting salaries. NACE's Summer 2009 Salary Survey shows that four of the five highest starting salaries went to occupations involving engineering. The Law of Supply and Demand is alive and well in the global labor market. In our audiences around the world the oil and gas producers complain that petroleum engineers are in high demand, often being poached for salaries up to seven times what they are earning in their home countries. Marilyn Mackes NACE executive director confirms, "Even in a tight job market, there are simply more opportunities requiring an engineering degree than graduates available to fill those positions. That drives salaries up." In fact, as reported in the Digest of Education Statistics 2008 from the National Center for Education Statistics, out of the more than 1,524,000 bachelor's degrees awarded in 2007 (the latest data available), just 450 were in petroleum engineering and only 4,492 were in chemical engineering. To bring the United States' competitive position into focus, according to an article published in "Business Week" Magazine in December 2005, looking exclusively at four-year degrees, the US graduated 137,437 engineers, versus 112,000 from India and 351,537 from China, though the latter were reported under a "broader category". The NACE study reported the average starting salaries: Petroleum Engineers are the highest paid graduates at USD$83,121, followed by Chemical Engineers at USD $64,902; Mining Engineers are close behind at USD $64,404. Coming fourth and fifth are Computer Engineers at USD $61,738 and Computer Science graduates (in general) at USD $61,407. Until the US wakes up to the urgent need to support the STEM (Science, Technology, Engineering, and Math) subjects, it will continue to operate at a disadvantage on the world stage. An important part of earning the Employer of Choice® Award is to support programs that grow the next generation of workers. Wise employers, especially those that benefit from these graduates, will put increasing energy towards encouraging young people to go into these lucrative professions. © Copyright 1998- by The Herman Group, Inc. -- reproduction for publication is encouraged, with the following attribution: From "The Herman Trend Alert," by Roger Herman and Joyce Gioia, Strategic Business Futurists. (800) 227-3566 or http://www.hermangroup.com. The Herman Trend Alert is a trademark of The Herman Group, Inc." IS YOUR EMPLOYER AN EMPLOYER OF CHOICE®? Our effective, onsite seminars, workshops, and consulting can help you get there. We offer 1-, 2-, 3-hour, and full-day programs to help you communicate what it takes to become an Employer of Choice® and inspire your folks to get it done. In the future, being an Employer of Choice® will not be optional. Call Carol at 336-210-3547 to arrange a no-obligation conference call. Email info@EmployerOfChoice.com for more information. Or order the electronic version of the Employer of Choice book on your desktop for only $17.80 @ http://hermangroup.com/store/books_all.html#2. EMPLOYERS AND JOBSEEKERS: MARK YOUR CALENDARS Advertise at or attend VetJobs Virtual Career Fairs. VetJobs, the top veterans' job board, and PSI, the premier diversity job fair producer, are teaming up to launch these VeteransCONNECT events. Early employer registration is now open with employer loading by February 15th. Candidate loading begins March 1st. They anticipate 25-30 employers and have an attendee goal of 2,000 skilled jobseekers. Promoted extensively, early registration for this event begins is open NOW. To register or request additional information, please contact VetJobs at 877-838-5627 or e-mail info@vetjobs.com; they will forward an electronic flyer right away. Employers: Mention the Herman Trend Alert to receive a Bonus. CALCULATE THE HIGH COST OF YOUR EMPLOYEE TURNOVER With our Bliss-Gately tool, you can calculate the many hard and soft costs, down to the last penny. Great for justifying your investments in retention! At only $249/computer or $999 for a 6-site license, it is a real bargain! Visit http://www.hermangroup.com/store/software.html to order yours today! Herman Trend Alerts are produced by the Herman Group, strategic business futurists, Certified Management Consultants, authors, and professional speakers. New subscribers are welcome. There is no charge for this public service. 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