Transcript Graduate Recruitment Survey

The Graduate Market in 2015
Stephen Isherwood
AGR, Chief Executive
Dr Bob Gilworth
Co-Director of The Careers Group, University of London
& AGCAS Director of Research
Stressed?
What our data tells us?
 Graduate vacancies up 11.9%
 1,422 graduate vacancies unfilled last year
 Employers spending c£2,000 per hire on
marketing
 14% of graduates reject their offers
 Applications still running at over 70 per
vacancy
Graduate vacancy changes
2000
14.7%
2001
14.6%
2002
-6.5%
2003
-3.4%
2004
15.5%
2005
5.1%
2006
5.1%
2007
12.7%
2008
2009
0.6%
-8.9%
2010
8.9%
2011
2012
1.7%
-8.2%
2013
4.3%
2014
4.3%
2015 (predicted)
11.9%
Top five high growth sectors





IT/Telecoms
Public
Construction
Engineering/Industry
Investment Banking
27%
23%
22%
16%
12%
Nine sectors show a rise, three a decrease
Applications per vacancy
All employers
74.5
1-25 graduates
96.7
26-50 graduates
75.2
51-75 graduates
58.4
76-100 graduates
52.1
101-250 graduates
53.9
251-500 graduates
More than 500 graduates
46.2
28.3
Unfilled vacancies by sector
All employers
IT/Telecommunications
Energy, water or utility…
Construction company…
Consulting or business…
Law firm
Insurance company
Accountancy or…
Public sector
Engineering or industrial…
FMCG company
Retail
Banking or financial…
Investment bank or fund…
Other
Base = 8,100
5.4%
11.8%
11.1%
7.7%
7.3%
5.9%
5.9%
4.8%
3.9%
3.4%
2.8%
2.7%
1.4%
1.4%
3.7%
Turn-down rates
All employers
14.4%
IT/Telecommunications
22.0%
Law firm
20.6%
Engineering or industrial company
16.9%
Energy, water or utility company
15.4%
Accountancy or professional…
13.4%
Public sector
13.2%
Construction company or…
12.6%
Banking or financial services
10.6%
Retail
10.0%
Consulting or business services…
FMCG company
Other
8.4%
2.7%
19.7%
Proportion of previous hires
All employers
Law firm
Consulting or business services firm
FMCG company
Banking or financial services
Engineering or industrial company
Accountancy or professional…
Construction company or…
Insurance company
Energy, water or utility company
Retail
IT/Telecommunications
Public sector
Other
26.5%
56.4%
38.0%
36.6%
23.9%
21.4%
20.9%
18.4%
18.1%
17.3%
16.0%
14.3%
5.7%
6.4%
Marketing spend per vacancy by
sector in 2013 and 2014
£4,400
Law firm
IT/Telecommunications
Energy, water or utility company
FMCG company
Banking or financial services
Engineering or industrial company
Consulting or business services…
Investment bank or fund…
Retail
Public sector
Accountancy or professional…
£2,583
£2,676
£2,059
£2,622
£2,703
£2,331
£2,254
£1,839
£1,681
£1,458
£1,464
£1,406
£2,453
£943
£1,367
£893
£1,049
£833
£635
£813
£5,382
20122013
University relationships for
marketing in 2014, by size of intake
All employers
1-25 graduates
26-50 graduates
51-75 graduates
76-100 graduates
101-250 graduates
251-500 graduates
More than 500 graduates
16.9
9.1
16.6
21.5
25.8
23.9
25.5
41.3
Competition returns
16-yr olds ('000s)
GDP Projection (£bn)
780
2000
770
1900
760
750
1800
740
730
1700
720
1600
710
700
1500
690
680
2012
2013
2014
2015
2016
2017
2018
Base population 735,000
Base GDP 2012 - £1,541,000m
Source: Office for National Statistics
1400
2012
2013
2014
2015
2016
2017
2018
13
A consistent story
• AGCAS surveyed all Heads of Careers Services in December
• Outcomes in relation to general market improvement were
consistent with the AGR survey.
• Some employers short of graduates, some graduates
short of jobs. A compelling shared agenda.
Graduate Labour Market improvement.
87.5% of Heads of services think that the graduate market is more buoyant in
the year to 31 July 2014 compared to the year to 31 July 2013.
72.9%
14.6%
0.0%
4.2%
7.3%
0
4
7
70
14
1
Strongly
Disagree
Disagree
Neither
agree nor
disagree
Agree
Strongly
agree
No
response
Base: 96 valid responses
1.0%
14
A sense of direction
Spray and pray v fewer but better
Career motivation as a deal breaker
Any discipline market-could do almost anything.
“Doing employability stuff” v. doing stuff with some clarity of
purpose.
• Plenty of previous exposure to “skills” very little to career
choice/guidance.
• Proper careers guidance is relatively expensive-its absence is
a false economy.
•
•
•
•
15
What do we need?
• More and better data on employability-we have plenty on
employment.
• Better understanding of students while they are students.
This is a growing trend in Universities, an AGCAS research
priority and probably a shared research agenda with AGR.
• Segmentation, targeting resources.
• Broader adaptation of application gateway approaches in
careers services (may be more than you think now).
• Exploratory as well as confirmatory work experience.
Any Questions?
Thank you