As 2019 begins here is a myth busting insight into the graduate recruitment market.
University of Leeds Careers Adviser Suzie Bullock summarises the keynote speech from the Institute of Student Employers conference delivered in December 2018, by:
Tristram Hooley, Chief Research Officer at the Institute of Student Employers, and Charlie Ball, Head of HE Intelligence at Graduate Prospects. For more information, see the full presentation: 10 things you should know about the graduate recruitment market
So, the UK graduate labour market, what should you know?
- It doesn’t exist.
Instead there is a series of discrete, usually urban regional labour markets that often influences the markets around them. Remember, most people in the UK are not graduates and most jobs are not at graduate level.
- It is quite stable.
The past is a fairly accurate guide to the future. Graduate jobs next year will probably be the same jobs as last year. Don’t expect radical changes. Graduates should see a steady salary increase.
- It doesn’t look too bad right now.
For graduates, the recession ended in 2013. There is low unemployment among graduates and the postgraduate career development loan system is working. But warning signs are showing.
- The B word.
A recession is looming and that, combined with Brexit, is likely to lead to economic vulnerability. Recruitment is slowing down but the impact on graduates is less.
- Place matters.
London is the biggest graduate job market in the country, followed by: Birmingham, Manchester and Leeds – around a third of all graduates started work in these four cities in 2017 . London is the least cost effective city to live in, Derby is the best, with Sheffield, Newcastle, Plymouth and Southampton close behind. Graduates are becoming concentrated in larger cities with local towns finding it hard to recruit graduates. The cost of living is making graduates less mobile – to live in London it is estimated that a starting salary of £29,000 would only just cover the cost of living. This is having an effect on employers and, for example, PwC is moving out of London to more regional centres as they recognised that only a third of graduates wanted to move to London.
- Employers are using a mix of approaches to recruitment selection.
While most employers say they rely more on a competency-based approach, 55% are combining approaches to include competency-based questions alongside strengths- based questions, technical questions and values-based questions. Employers continue to use different approaches to recruitment with 89% of Institute of Student Employers’ organisations reporting that they use assessment centres, 71% use psychometric tests, 71% use face to face interviews, 66% screen CVs, 58% screen by degree classification and 39% screen by phone interview.
- There is a significant shortage of graduates now.
There are severe shortages in these roles: nurses; programmers and software development professionals; HR and recruitment; medical practitioners; welfare and housing associate professionals; business sales executives; IT user support technicians; sales account and business development managers; marketing associate professionals; general and specialist engineers; managers and directors in retail and wholesale; design and development engineers; web design and development professionals; vets; chartered and certified accountants.
- Life isn’t fair.
Former public and independent school pupils dominate the UK labour market. But employers say they want to increase their intake of students from state schools and improve the diversity of their workforce so are trying out blind recruitment techniques and removing potential barriers, such as UCAS points.
- Graduate schemes aren’t everything.
Other options to consider are larger companies recruiting ‘direct to desk’; large companies that aren’t big enough to have a graduate scheme; SMEs; non-graduate roles; and self-employment. 30% of graduates went to work for companies with fewer than 250 employees.
- There is a lot we don’t know.
Most data comes from very early in a graduate’s career. Someone graduating in 2018 is likely to still be working in 2070. Based on those figures, someone retiring now, would have started work in 1966.
Remember, we are here to help you with all things career related; making choices or plans, supporting you with applications, interviews and more. See our Careers Centre website for details on how we can help you.
Hoping for long-term, secure employment with one organisation? Or perhaps you’re planning to build your career on a freelancing model? Whatever your personal preferences, the world of work is changing, not least in the extent to which people are employed on a permanent basis. In this post, Careers Consultant Marc Steward looks at the rise of the so-called Gig Economy and the implications of this.
If you’ve spent any amount of time around campus you will, by now, have come into contact with Uber; either through ordering a ride home after a night out, or simply by trying to avoid being run over by one of their more “excitable” drivers. Ubiquitous, they are!
You may or may not know, however, that Uber are probably the best proponents of the Gig Economy, a business model where “…temporary positions [of work] are common and employers contract with independent workers for short-term engagements.” Whatis.com. Continue reading
This is the 2nd post in our 3-part mini series outlining 3 key ways LinkedIn can help you find potential employers, whether this be for jobs, experience or placements.
This post outlines how you can use the company search feature to identify employers by location and sector. Part 1 of the series outlines how the advanced people search function can help you identify potential employers.
Whether you’re looking for experience, placements or a graduate job, it can sometimes be hard to identify potential relevant employers. This is particularly so if you’re looking outside of the large multi-national organisations. Opportunities with other types of employers, or in other sectors, may not be as widely advertised, and many people actually find jobs and experience by pro-actively approaching employers of interest on a speculative basis. In this 3-part mini series, we’ll show you 3 easy ways you can leverage LinkedIn to identify potential employers of interest.
You may be interested in a particular sector/s and location/s. This is a great, and useful, starting point to begin researching potential employers. LinkedIn is one of many ways you can start to do this. Continue reading
International students – Life after Leeds
Gaining employment after graduation can be difficult but particularly so for international graduates who need immigration permission. To be in the best possible position, you should start planning early. In this post Careers Adviser Laura Blackledge provides advice for international students who wish to remain in the UK once their studies have ended
Research – You need to research the types of organisations you would like to work for and ensure that you are gaining the relevant experience and skills to meet their requirements. Employers are looking for people who have the right combination of skills, qualities, knowledge and experience. They employ proactive graduates who have made the most of their time at university by working, volunteering and taking part in student activities. Continue reading
Ever wondered why coming along to employer events at the Careers Centre is a good idea? In this blog post Hannah Delamore explains how attending employer led events helped her secure an industrial placement year!
A little bit about me
Hi, I’m Hannah Delamore and I’m a 4th year Accounting and Finance student. Over the past year I have completed an industrial placement at Grant Thornton, an audit, tax and advisory firm, within the audit department. I really enjoyed my placement at the firm and look forward to returning there after graduation. Continue reading
The Autumn Graduate Jobs and Internships Fair is an annual event which is this year held on Monday 14th October. In this blog post our student intern, Chloe McDonald, runs through why careers fairs are useful to you!
Careers fairs. You’ve seen the Tweets, the banners around campus and the emails that are sent to you every week. The Autumn Graduate jobs and Internships Fair is just round the corner, but why do you need to go? Why is it a good idea to go to a careers fair when you could be watching Breaking Bad, shopping at Trinity or preparing for an evening at Fruity? Continue reading
Fancy developing your employability skills and at the same time meet with potential employers?
Would you like to help create more local jobs and internships for University of Leeds students?
If you answered yes to all of the above then this could be for you.“Excuse to Breakfast” is an opportunity for you to enhance your networking skills by engaging local employers to attend two breakfast networking events in semester 2. You will work in a team with other students, to research the local labour market and find an industry which is of interest to you. You will then be trained to approach organisations within that industry and invite them to a breakfast networking event. The event will be set up by yourselves (with our support and expertise) so not only will you develop great communication and interpersonal skills but you’ll also be able to demonstrate a proficiency in event management! Continue reading