Graduate recruitment – strike while it’s hot!
Summer’s here and the time is right for dancing in the street famously sang David Bowie and Mick Jagger in an unlikely collaboration back in 1985.
You can keep your dancing. For me, summer is one of those periods when we’re ramping recruitment. It is also when businesses should be striking while it’s hot and securing some of the best future talent that’s on the market – I’m talking about new graduates.
The UK is awash with them right now with many fresh out of university having called time on their studies a couple of months ago and are probably now on some sun-kissed Mediterranean hot-spot imagining they’re on Love Island.
But they will come back and the dawning reality will hit them – it’s time to go out and earn.
These are the future decision makers and business leaders of the future and what is your business doing to ensure it secures the right talent from this in-demand pool of talent?
You can’t afford to sit still and wait for them to come you, especially when thousands will be drawn towards the likes of teaching or the civil service and countless more will be off on a gap year exploring the globe or giving their time to some noble cause in a far-flung corner of the world.
Here a few key stats to mull over from the Higher Education Careers conference, which look at the state of the graduate labour market (based on those 2016 leavers).
- Six months after graduation in 2016, 74% of graduates were in work
- 5.3% were unemployed – the lowest rate since 1998/89
- 34% of graduates went to work for companies with fewer than 250 employees and one in six were with companies with fewer than 50 employees
- 21.6% of graduates started their career in London, with many of those jobs confined to a relatively small area of London
- 23% of the country’s businesses are in London
- 58% went to work in the region they studied in
- 69% went to work in the region they were originally domiciled
The conclusions to draw from these facts was that there were likely to be more jobs than graduates, which allows them to be more selective, SMEs are crucial to graduate recruitment and location is key too.
If you have been slow off the mark and not got a process in place, now is the time to ramp it up and put a graduate recruitment process high on the agenda so you can make sure you are getting the best out of the limited talent pool on offer.
If you want to discover how to get the best from the talent pool then get in touch with us.