Exploding job offers & do you want a full time job to begin in a job rotation? https://lnkd.in/ervskG5
Many of my students have come back to school from their summer internships. Many of them received full time offers from their internship and most have accepted (5-10 months ahead of graduation!). Some of them even got a little signing bonus for pocket change.
Note, most companies will only give them 1-2 weeks to decide (way before the career fairs start, hmmm). I think we call that an “exploding” job offer. In other words, either accept now or take your chances with the job market. I am not a huge fan of these offers, but they are perfectly legal and employers seem to think it works to their advantage (they get the talent they want).
Most of the job offers begin their career in a “Job Rotation”. I used to not be a fan of these job rotations (especially for students with tons of experience), but they have grown on me. See for more details: https://lnkd.in/ervskG5
In general, firms with a rotational program have nearly a 20% higher first-year retention rate than those without a rotational program. I think that is a good number. After five years, firms with a rotational program saw a 10% higher retention rate than those w/o a rotational program. I am not sure if that is a good number.
Advantages for students:
· Rapidly learn about your industry of interest
· Work on a diverse set of projects
· Find a mentor & learn about your potential career trajectory
· See what makes the company great
Students should ask:
· What are the goals of this program?
· How long will the program last?
· When does the Job Rotation Program Start?
· Will I be a full-time employee during the program (i.e. receive paid leave, benefits, etc.)?
· How many rotations will I go through, & how long will each be?
· What are some rotation assignment examples?
· Will I get to choose which rotations I go through or will they be assigned?
· Who will I report to?
· Will there be others in the program along with me?
· Will there be opportunities for mentorship?
· Will there be opportunities for professional development?
· Will I be offered a full-time permanent position after completing the program?
I have soooo many students asking about STAR job interviews & online robots…
STAR is a structured manner of responding to a behavioral-based interview question by discussing the situation, task, action, & result. Most companies use STAR.
Help with online interviews & interviewing with robots (it is AI/machine learning technology)…https://lnkd.in/eKBDsMq
Practice before it really matters (this is mainstream now)…https://lnkd.in/ekaBK5Q
Students are getting lots of job offers…
Reneging: Once you commit, quit! https://lnkd.in/e85beQ2
In U.S., 28% accepted a job offer & reneged! 70% of grads are willing to renege?