Graduate recruitment set to soar over 2014, report forecasts
Britain’s largest employers will boost their graduate intake by 8.7% in 2014, the biggest annual rise in recruitment for four years, the “Graduate Market in 2014” study forecasts.
The study conducted by High Fliers Research in December 2013 revealed that employers in eleven out of thirteen major employment areas are likely to take on more new graduates in 2014, the most important “graduate-friendly” sectors being public sector employers, accounting & professional services firms, City investment banks, retailers and engineering & industrial companies, which together expect to recruit almost 1,200 extra graduates this year.
The evolution of graduate vacancies varied quite significantly over the recession years, dropping by 6.7% in 2008 and then 17.8% in 2009, but moving back on a positive track in 2010 (12.6%) and 2011 (2.8%). It then dropped by another 0.8% in 2012 before recovering by 2.5% in 2013.
It’ also interesting to note that recruiters have confirmed that 37% of this year’s entry-level positions will be filled by graduates who have already worked for their organisations – either through paid internships, vacation work or industrial placements, while close to 75% of the graduate vacancies advertised this year by City investment banks and half the training contracts offered by the leading law firms are also likely to be filled by graduates who have already completed work experience with the employer.
Managing young employees who’re fresh out of university might prove to be quite a bit of a challenge for HR departments, one of the main reasons for that being the fact that they’re typically not accustomed to the rigours and challenges of a regular working schedule.
This is specifically where Tensor plc can lend a helping hand to companies of any size and scope, since our Personnel Software is the culmination of over a decade of real world experience in the Human Resources and Time and Attendance sectors.
The software offers everything you would expect from a personnel management system, and many more additional features that will save time and aid strategic planning.