As per the internal source campus hires are mostly retained.
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"You forgot to add with it they bring new ideas, ability to learn faster, healthier, posses more modern skill-sets, open to change, etc.."
That would be true of the top ranked new graduates. From what I see they do not come to Oracle.
No . MTS with hardly 1- 3 years experience and campus hires from renowned colleges have been laid off . Sometimes just them retaining pmts.
"Don't be bitter since yours is setting."
Sounds like someone is projecting.
You must either be in HR or some very high managerial/exec level, because my own manager (and most engineering managers) were against or later regretted the whole idea of hiring only new college grads imposed on them.
I'm not going to dogpile on college newhires since we all started there, but I am going to state the realities.
You forgot to add with it they bring new ideas
Not happening and have never seen it happen working with and directly helping newhires until they become much more seasoned, i.e. old dogs. And even then, that's only IF upper management wants new ideas. In the current environment that's definitely not happening either.
ability to learn faster,
I'm not the sharpest tool in the shed, so I have to spend a lot more time and effort on a problem than most, but let me tell you, I've seen newhires struggle. Like really struggle in our group. Only a couple tenacious ones made it and that's what it requires--proactive tenacity and diligence. I guess it depends on the org and the work, but if it's not taught in college, or they're not exposed to it, I find the current gen tend to struggle. I can attest to the fast attrition rate mentioned below.
healthier
Maybe, if only by virtue of being younger. But anecdotally, using myself, I am much more healthier and more physically fit now than I ever was in college or my early years. Interestingly health became one of my serious hobbies and I can tell you that most people in general, young or old, do not care about health until they're in front of death's door. However, sometimes that can be a good trigger for change as long as you don't go past it! lol
posses more modern skill-sets
Maybe. Maybe not. Depends on the org and work. Kernel development, hacking, debugging, hardware programming and protocols are definitely not part of those modern skill sets. While algorithmic complexity, abstract data structures are important, they are not enough to hit the ground running fast enough to pick up the subject and start fixing bugs or investigating customer SRs. The rest of the so-called modern skill sets of fad languages, however widespread they may be are not as fundamental and can be picked up and learned along the way as those have lots of straightforward resources. New college grads may have some exposure to virtualization, but only at a high level. What about its implementation at the kernel and metal level? What I mentioned are now essentially the "dark arts". Throwing newhires bugs/SRs that customers having been waiting on is recipe for disaster.
When I interviewed with a small security company a few years ago, I was asked a linux related question and was told that I was the first candidate to answer it correctly. I was shocked! As I mentioned, I'm not the brightest tool in the shed but it would be something that anyone tinkering even just on their own long enough would know. I can only assume they had only previously interviewed college new grads and they didn't have enough experience under their belt. I was offered the job, btw but turned it down. I will say that I am certainly grateful for my time at Oracle in supplying me the experience and skills I needed to impress them enough to pursue me even after turning them down back then.
open to change, etc..
You mean following orders, lol
All I can say at this point, with unaddressed SRs and customer escalations piling up -- we were RIFed with a whole huge pile of them -- good luck getting new campus hires to fix them. And when the next Spectre/Meltdown type critical bug hits, well, good luck facing customer's wrath as Oracle keeps selling support contracts all the while cutting the resources actually needed to support them and never, ever, admitting or being transparent not just to employees, but more importantly, to customers about such lack of support or death of their product.
I leave without any bitterness and in fact gratitude as there were some unique skills I learned here and feel a sort of relief. Kinda burned out from 20 years of what was initially exciting product development to wishy-washy changes of direction, re-orgs and then nothing but firedrills. I haven't taken a nice vacation since forever, and will take the opportunity to do so now haha.
I just honestly feel bad for the customers.
"be "youthful" for very long"
We all have our day in the sun. Don't be bitter since yours is setting.
"Youthful employees, as mentioned, have the uncanny ability to learn, and do it faster."
Hopefully they're smart enough to save every penny they can, because they won't be "youthful" for very long.
"phenomenal attrition rates"
Yes, they smartly stay 2-5 years per job. Get the experience, projects under their belt, then move on to newer challenges.
Unlike their counterparts who has the proclivity of warming seats for 10+ years.
I was under the impression that the "Class Of" hires had phenomenal attrition rates, so no need to lay them off.
Youthful employees, as mentioned, have the uncanny ability to learn, and do it faster.
But what is it they say about old dogs?
"You forgot to add with it they bring ..."
Inexperience, a lack of knowledge of what customers want, a lack of understanding about the business process, a lack of understanding concerning appropriate business language, use guys!
"Younger and cheaper."
You forgot to add with it they bring new ideas, ability to learn faster, healthier, posses more modern skill-sets, open to change, etc..
Younger and cheaper. Of course they will be retained. No surprise.
And Oracle Still loses... lol