Tag Archives: colleges and universities

From School to Career: How to Prepare Students for the Workforce

Image courtesy of Ambro at FreeDigitalPhotos.net
Image courtesy of Ambro at FreeDigitalPhotos.net

When it comes to new college graduates’ preparedness for their future careers, studies show a great divide between the perception students have of their skills, and what employers see from interviewing and working with recent grads. In areas such as organization, working in teams, and applying skills and knowledge in real-world settings, students were more than twice as likely to think they were being well-prepared for the workforce as employers were.

Colleges provide many resources for students to prepare for their chosen careers, but usually only students who are proactive about finding and utilizing those resources benefit from them. Following are some improvements colleges can make to better guide students to be prepared for the workforce once they graduate:

Hire more experienced career center staff – Better-qualified career center staff with hiring experience can give updated career and job-searching advice that reflect the realities of today’s job market, and will be better able to communicate to students what hiring managers are looking for. This will allow students time to improve their qualifications before they graduate.

Teach networking and interviewing skills – These are two very crucial skills one needs to get a job, but many students graduate from college not knowing how to network or what to expect in a job interview. Career centers could better promote the opportunities they provide to sign up for practice interviewing sessions, as well as add lessons and practice sessions on networking. Colleges can also hold more career-related events where students can learn about and practice these skills with career coaches or hiring managers, as well as incorporate lessons on networking and interviewing into many different courses.

Stress the importance of work experience outside of a degree – Jobs and internships while in school will give students a significant advantage when it comes to job-hunting, as they will be starting the job search with valuable experiences and skills on their résumés that their peers who only have classes and extracurricular activities lack. They also have the benefit of allowing students to explore a particular career path to decide if it is really right for them, and giving them the chance to change direction and explore other options before graduation if they discover it isn’t.

Improve soft skills by connecting activities in the classroom to necessary job skills – Many classroom activities that students may see as being an unnecessary nuisance are actually a taste of what is to come when they start their careers. Instructors should emphasize how class requirements and activities like group projects, class participation, analytical essays, and even interactions with their classmates and instructors are precursors to what their careers will require of them. Once students graduate and find work, they will likely find themselves having to collaborate with their coworkers to complete a project, participate in and contribute ideas in meetings, analyze problems, results, and customer feedback to improve a product or service, and communicate effectively and appropriately with coworkers, upper management, and customers. Raising awareness of the similarities between what goes on in the classroom and the workforce may motivate students to take their classroom experiences more seriously.

Our solutions use case studies to provide a real-world context for how the skills students are learning in class will be used in their careers. For more tips on how to prepare your students for their careers, contact Labyrinth Learning to learn more about our solutions for Business and Accounting, as well as our Mastery Series.

Enhancements to 529 Plan May Soon be Realized

Image courtesy of bugphai at FreeDigitalPhotos.net
Image courtesy of bugphai at FreeDigitalPhotos.net

The Senate Finance Committee has unanimously passed measures that enhance the 529 Plan, an educational savings plan that helps parents fund their children’s college education. The 529 Plan is operated by state agencies and organizations, and withdrawals for education expenses are exempt from federal taxes.

Among the improvements added to the bill are:

  • Students can use 529 funds to purchase a computer – Under the current law, students can only use the funds to purchase a computer if the college they are attending requires them to have a computer. The new measure would allow students to purchase a computer with 529 funds whether or not their schools require it.
  • Taxation and the tax penalty on higher education expenses have been eliminated – Currently, when students withdraw from college, their refunds are subject to taxation and a 10% tax penalty. Under the new measure, refunds received when a student withdraws from school can be redeposited into their 529 within 60 days without penalty, allowing parents to use the funds to pay for the student’s education should they return to school at a later date, or even use it for another family member.

Lawmakers hope the increased flexibility these enhancements provide will encourage more parents to utilize the 529 Plan. The bill has strong support in Congress, with the House of Representatives having passed a similar bill, and the full Senate expected to pass this bill as well.

Fall semester will be here before you know it, so check out our high-quality, low-cost Business and Accounting solutions for your students today. Our full solutions include resources for both students and instructors. Contact us at Labyrinth Learning for more information.