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40% of business leaders think recent Gen Z college graduates aren't prepared to...

 1 year ago
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40% of business leaders think recent Gen Z college graduates aren't prepared to enter the workforce, new survey says — and some said they won't even hire them

40% of business leaders think recent Gen Z college graduates aren't prepared to enter the workforce, new survey says — and some said they won't even hire them
Haley Tenore
Mon, August 7, 2023, 4:32 PM GMT+9·3 min read
A modern-style office with people sitting at desks and working on computers in front of a large glass window.
Business leaders who responded to the survey said they had avoided hiring recent college graduates.Construction Photography/Avalon/Getty Images
  • A survey found that 40% of business leaders thought Gen Z grads were unprepared for the workplace.

  • Of that subset, 94% of respondents said they had avoided hiring recent college graduates.

  • And 88% of the subset said "etiquette classes" could help graduates transition to post-college jobs.

Gen Z is entering the workforce, and while many recent college graduates are excited about the opportunities that await them, a recent survey indicated that the feeling might not be mutual among their older supervisors.

A new survey by Intelligent, an online magazine focused on student life, found that many business leaders thought recent college graduates were unprepared for the work environment and that some managers were trying to avoid hiring them.

Intelligent had the survey platform Pollfish ask 1,243 business leaders about their thoughts on working with the graduating classes of 2020 to 2023, whose members consist mostly of Gen Zers, generally defined as those born from about 1997 to 2012. The survey found that 40% of the business leaders surveyed said recent college graduates were unprepared to enter the workforce.

However, most respondents said Gen Z grads were at least somewhat prepared.

The survey defined a business leader as someone aged 30 to 60 who made at least $75,000 in household income and worked as a C-Level executive, HR manager, director, president, owner/partner, or senior management at a company with more than 10 people.

The survey said that this poor perception of Gen Z graduates might even be affecting the hiring decisions of some business leaders. Of the 40% of business leaders surveyed who said recent graduates were unprepared to enter the workforce, 94% of the subset told Intelligent that they had avoided hiring them: 7% said that they always avoided hiring Gen Z grads, 27% said that they usually avoid hiring them, 40% said that they "sometimes" did, and 20% said that they "rarely" avoided hiring them.

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    This year started with a red-hot stock market, there is no question of that. Since the start of 2023, even accounting for losses last week, the S&P 500 shows a year-to-date gain of 17%, and the NASDAQ is up 33%. Currently, the gains are narrow, mainly relying on a handful of deep-pocketed, big-name tech firms, but there’s a likelihood that investor money will start spreading more widely. If the bull market does widen out, it will raise the question of which stocks to buy. This is where Goldman S

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    Bloomberg

    Palantir’s 135% AI Surge Set for Earnings Showdown

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    Bloomberg

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    Tesla CFO Kirkhorn steps down, replaced by chief accounting officer Vaibhav Taneja

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    Barrons.com

    Lucid Misses Earnings Estimates. Share Rise Anyway.

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    Zacks

    Drug, Biotech Stocks' Q2 Earnings on Aug 8: LLY, LGND & More

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    TipRanks

    JEPI Fans Take Note. There’s a New 10% Dividend Yield Competitor in Town

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    Zacks

    Why Earnings Season Could Be Great for Rivian Automotive (RIVN)

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    11h ago
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    Yahoo Finance

    The AI stock bubble may be popping

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    5h ago
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    Investor's Business Daily

    Dow Jones Surges 400 Points As Apple, Tesla Stock Slide; Palantir Rallies As AI Demand Grows

    Dow Jones futures: Apple and Tesla stock extended their losses Monday. Palantir plunged on earnings after the close.

    2h ago
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    Bloomberg

    Palantir Raises Profit Forecast, Sets $1 Billion Buyback

    (Bloomberg) -- Palantir Technologies Inc. raised its forecast for adjusted profit in 2023 and authorized a $1 billion share buyback on the strength of what it called “transformative” traction for its artificial intelligence technology. Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatPayPal Launches a Stablecoin in Latest Crypto Payments PushEastern US Prepares for a ‘Potent’ Storm System: Weather Watc

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    AP Finance

    Tyson Foods closing 4 chicken processing plants in cost-cutting move

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    10h ago
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    Barrons.com

    RingCentral CEO Steps Down. The Stock Is Tumbling.

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    Investopedia

    Top CDs Today: National Rate Leader Holds at 5.75% But Best 3-Year Rate Dips

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    Zacks

    CRISPR Therapeutics AG (CRSP) Reports Q2 Loss, Tops Revenue Estimates

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    AMC Entertainment (AMC) to Post Q2 Earnings: What's in Store?

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    MannKind (MNKD) Reports Break-Even Earnings for Q2

    MannKind (MNKD) delivered earnings and revenue surprises of 100% and 15.65%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?

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    FreightWaves

    1st peek at Pilot’s finances after Berkshire Hathaway ownership grows

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    Barrons.com

    Eli Lilly to Report Earnings as Hope Soars for Weight-Loss Drug Mounjaro

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    Yahoo Finance

    Biden’s green energy law is turning out to be huge

    The green energy bill Biden signed a year ago is turning out to be more transformative than first imagined.

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    Barrons.com

    Intel CEO Pat Gelsinger Just Bought More Stock

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    Business Insider

    China's economy is trapped in a downward spiral that authoritarian regimes are doomed to repeat

    Like other authoritarian regimes, China's economic development is following a predictable pattern, said the Peterson Institute's Adam Posen.

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    Zacks

    Under Armour (UAA) Queued Up for Q1 Earnings: Factors to Note

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