Michigan still fights ‘brain drain,’ although outlook has improved

March 28, 2019

MLive

Brian McVicar

[…]

The Detroit Regional Chamber has launched a similar campaign.

Letsdetroit.com, also launched last fall, aims to attract and retain recent college graduates by connecting them with other young professionals and spotlighting neighborhoods and networking opportunities. It includes a feature called “Text a Detroiter,” which enables users to text an “ambassador to get information and recommendations about the things you care about.”

Judging the impact of the site is difficult, because “we haven’t made a huge marketing push yet,” Handel said.

“We’re still kind of tweaking the website and getting feedback on it,” he said. “But it’s picking up traction.”

View the full article here

American Society of Employers (ASE) releases 2019 Starting Salaries for Co-op Students and Recent College Graduates Survey

Media Contact: Heather Nezich, Manager, Communications, ASE, 248.223.8040, hnezich@aseonline.org

Livonia, Mich. —March 26, 2019 — The American Society of Employers (ASE), one of the nation’s oldest and largest employer associations, released the organization’s 2019 Starting Salaries for Co-op Students and Recent College Graduates Survey today. The annual survey provides a comprehensive look at the current state of wages and benefits provided to co-op students and recent college graduates. The survey also presents employers a snapshot of the recruitment and retention trends associated with these new entrants to the workforce.

Mary E. Corrado, ASE President and CEO, stated, “The data shows that college graduates have higher expectations for career growth and work environment than they do for compensation. Employers must realize that it takes more than fair and competitive compensation to create an engaging employee experience and retain these new workers.”

115 companies responded to the 2019 Starting Salaries for Co-op Students and Recent College Graduates Survey. The majority (76%) of the respondents have under 500 employees. Just over 80% of respondents are located in the metro Detroit region with 51.3% of those classified as automotive suppliers.

2019 Starting Salaries for Co-op Students and Recent College Graduates Survey Highlights:
• Nearly three out of four (74%) respondents say their company has hired, or plans to hire, a recent college graduate in 2019, similar to what was reported in 2018.
o 30% of the companies have increased their hiring efforts for college graduates this year compared to last year, an increase of 7% from 2018.
• The data suggests that the top five in-state institutions Michigan organizations actively recruit from are: 1) University of Michigan; 2) Michigan State University; 3) Oakland University; 4) Lawrence Technological University; 5) Kettering University.
• The top three most popular technical Bachelor-degree disciplines hired in the past year were: 1) Mechanical Engineering; 2) Electrical Engineering; 3) Computer Science.
• The top three most popular non-technical Bachelor-degree disciplines hired in the past year were: 1) HR/Labor Relations; 2) Finance; 3) Accounting
• The top three knowledge/skill factors organizations consider when making hiring decisions, in order, are: related coursework; computer skills; and internship/work experience.
• The top three perceived shortcomings of recent college graduates are: 1) career expectations (62%); 2) adaptation to work environment (60%); 3) compensation expectations (53%).
• Of the six disciplines named above (Accounting, Finance, HR/Labor Relations, Mechanical Engineering, Electrical Engineering, and Computer Science) the highest starting salaries went to the engineering disciplines. The average starting salary for Electrical Engineering was $68,330; and for Mechanical Engineering the average was $66,305. Finance came in at $53,981; Computer Science $53,445; HR/Labor Relations $49,144, and Accounting came in at $44,646.
• Pay rates for high school and college co-ops and interns were separated by technical and non-technical roles; the average hourly rate for a college senior in a technical field is $17.84 an hour and $16.20 for a non-technical field; the average hourly rate for a college junior in a technical field is $16.72 an hour and $15.17 for a non-technical field.
Pricing
• This survey is available free of charge to ASE members and for $525 to non-members.

About the American Society of Employers (ASE) – a Centennial Organization
American Society of Employers (ASE) is a not-for-profit trade association providing people-management information and services to Michigan employers. Since 1902, member organizations have relied on ASE to be their single, cost-effective source for information and support, helping to grow their bottom line by enhancing the effectiveness of their people. Learn more about ASE at www.aseonline.org.

DTX Launch Detroit accepting applications for student tech accelerator

 

DTX Launch Detroit, a 10-week technology startup accelerator for college students and recent graduates, is accepting applications for summer 2016. An information session will be held on February 24 from 6-8pm at TechTown Detroit, 440 Burroughs, Detroit.

Launch Detroit covers all the fundamentals of launching a new enterprise, including:

• Designing, testing, and evaluating your value proposition
• Finding the right product/market fit
• Developing your business model canvas
• Conducting customer discovery
• Team building
• Pitch coaching

Launch Detroit is open to undergraduate and graduate-level students, as well as recent graduates (within two years), from any Michigan college or university. Michigan residents attending college out of state are also eligible. Participants will receive a stipend of $2,500 per individual (up to $7,500 per team). The program culminates with a Showcase, featuring a pitch competition with awards for the top-ranked teams.

“DTX Launch Detroit is an intensive, real-world acceleration program,” says Betsy Reid Creedon, TechTown’s director of entrepreneurial services. “We work our students hard, but in return they learn, grow, meet key members of the entrepreneurial ecosystem and leave with new resources and a stronger concept for their enterprise. Many of our graduates say this program kickstarted their business.”

Nearly 100 students from more than 10 colleges and universities have participated to date in Launch Detroit, which is now in its fourth year. Select DTX graduates have gone on to enter incubation at TechTown.

Launch Detroit is a program of the Detroit Technology Exchange (DTX), a strategic partnership between TechTown Detroit, Bizdom, Invest Detroit, the Detroit Creative Corridor Center, the Henry Ford Innovation Institute, NextEnergy and TechStars Mobility—Driven by Detroit. The program is supported by the Michigan Economic Development Corp.’s Michigan Strategic Fund and the New Economy Initiative for Southeast Michigan.

The application period closes on April 22, 2016.

To RSVP for the February 24 info session, visit bit.ly/DTXinfo

To apply to DTX Launch Detroit, visit dtx-launch-app.techtowndetroit.org

For more information, visit techtowndetroit.org/launchdetroit

TechTown is Detroit’s business innovation hub. As the city’s most established business accelerator and incubator, TechTown connects startup, emerging and established businesses to a broad network of resources, catalyzing the local economy.