In: Accounting
If a graduate does well while in school and graduates happy, they are more likely to be able to find a satisfying job. Post-graduation can be hard for some students because there is often time a gap between school and finding employment. The happier a student is while in school and at graduation, the easier it is for them to find employment that they can apply their degree to. By looking at the graduate employment rate, the college can judge if they are fulfilling its mission and goals of providing a strong education and satisfying the community.
One of the Key Performance Indicators for our project is the "Graduate employment rate" as explained above. How can we measure the Graduate employment rate? for example, should we email them 6 months and 1 year after their graduation to see if they have found a job? What would be three Hawthorne effects of this KPI?
Full-time employment relates to graduates employed for 35 hours or more per week. Overall employment relates to graduates employed for one or more hours per week.
In 2019, 72.2 per cent of undergraduates were in full-time employment four months after completing their degree, down by 0.7 percentage points from 72.9 per cent in the previous year. The overall employment rate for undergraduates was 86.8 per cent in 2019, down slightly from 87.0 per cent in 2018.
The fall in employment among new graduates is in contrast with the improvement in full-time employment among more established undergraduates three years after graduation from 89.2 per cent in 2018 to 90.1 per cent in 2019, as shown by the 2019 Graduate Outcomes Survey – Longitudinal (GOS-L). Similarly, overall employment among undergraduates three years out improved from 91.9 per cent in 2018 to 93.3 per cent in 2019. That new graduates were finding it harder to gain employment than more established graduates is consistent with the slight softening in the labour market observed in early 2019 with the overall unemployment rate rising from a low point of 4.9 per cent in February 2019 to 5.3 per cent in May 2019, as shown by the ABS Labour Force Survey (6203.0).
Graduates newly entering the workforce and with less work experience generally experience greater difficulty finding work, This is consistent with the broader long run trend since the Global Financial Crisis (GFC) where new graduates have found it more difficult to make a successful transition to the labour market upon completion of their studies
2.) Three Hawthorne effects of this KPI
- The Hawthorne effect is a type of reactivity in which individuals
modify an aspect of their behavior in response to their awareness
of being observed
a.) They will take much more time than expected so thier KPI
will down
b.) They may changes their jobs frequently
c.) They may get healthy competitive work environment.