Even though new college graduates lack professional experience, don’t rule them out as potential employees. Despite the hazy collegiate memories many of us fondly hold on to, students can be an industrious bunch, often holding down several leadership positions at once. And they often command a lower salary -- important in today's belt-cinching business environment.

For example, how important is it that your candidate served as treasurer for Students Against Parking Tickets club? Depending on her responsibilities, it can be plenty important. Make some calls to find out. Be wary of clubs that seem to exist in name only.

Bob Gale, owner of Gale Executive Recruiting, says internships can provide valuable insights into a graduate’s abilities. Ask for names and phone numbers of internship supervisors and peers to learn more about the position, responsibilities and required skill sets. This is a good time to ask about the graduate’s ability to work on a team, his ability to self direct and adapt to new situations.

If new grads didn’t complete an internship, request a school-related reference (dean, administrator, former professor, mentor, etc.) for character references and information about campus activities.