Firms look to future with intake of graduate talent

first_imgRelated posts:No related photos. Many UK employers are continuing to invest in graduates despite the gloomybusiness climate. Research by the Association of Graduate Recruiters shows that althoughemployers predict a 4 per cent decrease for all vacancies for 2001/02, aquarter of firms plan to increase their graduate intake by between one and 20employees. January 2002 Graduate Salaries & Vacancies Annual Review also finds afurther 5 per cent of employers are looking to increase graduate numbers bybetween 22 and 150. Carl Gilleard, chief executive of the AGR, believes employers are drawing onexperience of previous tight economic climates and are investing in graduaterecruitment to ensure they are ready for a recovery. He said: “It is encouraging that some employers are maintaining theirgraduate intake despite the economic climate. “The lessons learnt in the early 1990s are clearly being taken on boardas employers recognise the dangers and cost implications of stopping graduateprogrammes. “The downturn is not affecting all industries and there are stillgraduate jobs out there. But graduates need to be on the ball, flexible abouttheir choice of industry and clear about the skills employers are lookingfor.” The highest predicted growth in graduate vacancies, at 20 per cent, is inthe retail, hotels and catering sectors. The sharpest fall is predicted in the electronics and electrical engineeringsector, where more than half of companies expect to reduce the number of newgraduate jobs. Graduate salaries are predicted to rise by an average 3.2 per cent for2001/02, although this is significantly down on the rise of 5.1 per centbetween 1999/2000 and 2000/01. The study shows that more than 40 per cent of the 178 AGR members polledreported a recruitment shortfall last year, with an average of five unfilledvacancies. Paul Nelson Firms look to future with intake of graduate talentOn 15 Jan 2002 in Personnel Today Comments are closed. Previous Article Next Articlelast_img read more