CHAPEL HILL, N.C., Oct. 30 /PRNewswire/ -- It's no secret that companies rely heavily on university recruiting in their search for top talent. But best-in-class organizations have learned to look beyond career fairs for their best hiring opportunities, according to research from benchmarking leader Best Practices, LLC.
Leading companies use intern and cooperative education (co-op) programs to attract top talent to their organizations and, ultimately, into their work forces. Intern and co-op programs account for 53 percent of companies' university hires -- outpacing new graduate hires at 47 percent, according to the study.
"In the race for talent, leading companies are turning to intern and co-op programs to pull top students in the door early in their academic careers," said Chris Bogan, CEO of Best Practices, LLC. "Then the focus changes to identifying the best performers for entry-level positions -- ultimately, the company is recruiting once and hiring twice."
The study, "Hiring Top Talent: Best Practices in University Recruiting," provides HR executives and directors with insights and best practices from 79 leading companies across more than a dozen industries. Study participants include American Express, Pfizer, Lockheed Martin, Hewlett-Packard, Dow Chemical, Boeing, Bank of America and more.
To download a complimentary excerpt of the study, visit http://www3.best-in-class.com/rr872.htm . The 105-page report contains 200 metrics and 30 narratives that illuminate how leading companies attract top university graduates to refresh their workforce with new knowledge and skill sets.
Some of the sample key findings uncovered in the research include:
-- More than two-thirds of the benchmark class have centralized university
recruiting groups while 10 percent are decentralized and 23 percent are
|SOURCE Best Practices, LLC|
Copyright©2007 PR Newswire.
All rights reserved