How will the recession affect coop?

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Discussion Overview

The discussion centers around the potential impact of the recession on co-op job opportunities for students, particularly in the fields of computer science and mathematics. Participants explore various perspectives on how economic conditions might affect hiring practices and the availability of co-op positions.

Discussion Character

  • Debate/contested
  • Exploratory
  • Technical explanation

Main Points Raised

  • Some participants express concern that co-op positions will become scarce due to the recession, with one noting that their company has removed job requisitions and is not planning to fill advertised positions.
  • Another participant suggests that while Canada may be affected by the recession, its trade relationships might mitigate the impact compared to the US.
  • There is a debate about whether co-ops are given out "carelessly" during economic highs, with one participant challenging this assertion and asking for evidence to support such claims.
  • Some participants argue that companies may prefer hiring co-op students as a cost-effective way to fill temporary gaps rather than committing to full-time employees with benefits.
  • Contrastingly, another participant mentions that some companies might reduce co-op funding during a recession, viewing it as a flexible budget area.
  • One participant shares a personal experience of job security within a large company, indicating that not all organizations are currently experiencing a downturn in co-op opportunities.
  • Another viewpoint suggests that co-op students may be seen as desirable hires due to their lower cost compared to more experienced candidates, although this perspective acknowledges that there may be complexities involved.

Areas of Agreement / Disagreement

Participants do not reach a consensus on the overall impact of the recession on co-op opportunities. There are multiple competing views regarding the desirability and availability of co-op positions, as well as differing opinions on how companies will adjust their hiring practices.

Contextual Notes

Some statements rely on assumptions about economic conditions and hiring practices that may not be universally applicable. The discussion reflects a range of experiences and expectations that may vary by industry and region.

samspotting
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Has anyone thought about this? My university (waterloo in Canada), has contacted everyone saying they should return to their current coop jobs, and that getting new jobs will be intense.

I am in computer science and pure math.
 
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Co-op's will be far and few between. My company has removed all of the requisitions from their HR website and from what I hear are not planning on filling any of the positions that were advertised.
 
The recession will be felt much harder in north america than anywhere else really.

Canada will be greatly affected, but because of their trade with the EU and Asia I believe they will have less gruesome conditions than the US will probably have.

And Coops will not be given out as carelessly as in the highs of the economy. I would advise you to merit yourself as best you can to get one of those highly-sought after placements.
 
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Fearless said:
And Coops will not be given out as carelessly as in the highs of the economy.

Are you certain of this? Do you have evidence to back this up? Do you have evidence they have been given out "carelessly" even in the highs of the economy?

Coops can be a fairly inexpensive means for a company to try out potential new hires, but since they come with no obligation to hire them at the end, for all I know, they could turn out to be more beneficial for companies to hire students through coops to fill temporary employment gaps rather than spend a lot on full-time permanent employees. I don't think I know any better than the OP if they will be affected, so if you have evidence to back up these statements, we could all benefit from seeing it.
 
Moonbear, if there are temporary employment gaps as you say, a company will not seek to outsource labor in times of recession.
 
I tend to agree with Moonbear. Some agencies and companies might rather hire "cheap" students in cooperative education/intern positions than new full-time permanent employees (with health-care/benefits costs). I've seen it happen.

But of course, some companies might also choose to pull back on coop funds, since it's a more flexible part of the budget.

This conversation rather relates to questions that have been debated at different institutions about lecturer positions versus tenure track lines at the university level...
 
Everything seems fine at RIM headquarters... in fact we just had another internal job fair for coops to fill positions for the summer and I'm already employed for another term for the winter.

I have been thinking about how it could affect their coop program though, especially since it's so big...

I think I'm a little more worried about having no jobs around once I graduate!
 
I have no reason to think one way or another. But it seems reasonable that coops and fresh graduates would be desirable in as much as they are cheap. Why pay more for a person with higher qualifications if you can pay less, assuming the job gets done either way. Perhaps there is more to it that I don't understand, but it seems to me that the risks are outweighed by the savings in low level jobs.
 

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