Donald Fomby is a communications professional with more than five years of experience. Donald runs his own blog BestWritersOnline and is proud of his an uncanny ability to explain the most complex subject in simple terms. He makes his debut for Zenopa and discusses the top trends on shaping graduate recruitment.
"Naturally, every student wants to know what to expect after graduation. Everyone wants to get the answers to the questions: where to find the perfect graduate job and how to pass a job interview if you have no experience.
“Freelance writer Donald Formby gives his top trends on shaping graduate recruitment. “
If you want to get prepared for life after college, you should track graduate recruiting trends. In this article, you will find information about the top seven trends that influence the graduate market the most.
The number of job vacancies for graduates is increasing
The number of graduates who got jobs at companies featured in The Times Top 100 Graduate Employers raised by 4.3% in 2018. And it’s expected that the UK’s top employers will increase the number of their graduate vacancies by 9.1% in 2019. It means that this year, students will have more job options to choose from.
Eleven out of fifteen key industries are currently planning to hire more new graduates. So whether applicants hold a degree in marketing, psychology, or finance, they will have a chance to land a first job at a big company.
Banks continue to maintain pulling power
The most significant increases in vacancies are expected in the banking sector, the public sector, and the engineering sector. Companies that operate in these sectors intend to hire more than 1,500 additional graduates in 2019.
In 2018, the largest banks received a record number of student applications:
Deutsche Bank got more than 110,000 student applications for its UK graduate scheme
Citi Bank opened 520 jobs for graduates and attracted more than 60,000 applications
Morgan Stanley opened 1,000 summer analyst jobs and received more than 100,000 applications.
Statistics show that competition among the graduates was intense in 2018. But since corporations are going to open more jobs, more students will get a chance to land a job this year.
Employers are going to open more paid programs
In 2019, graduates have higher chances to get offered with paid work experience places at the UK’s companies comparing to previous years. This year more than 80 big corporations have offered paid work experience places for students and graduates. They provided in total more than 13,000 places. According to the recent data, leading graduate employers are going to increase the number of paid work experience programs by at least 1.8% till the end of the year.
UK graduate pool is shrinking
The graduate talent pool is shrinking for a few reasons. The first reason is that more graduates opt for a second degree rather than joining the job market. The second reason is that young people tend to choose freelance jobs over traditional employment.
.“Today, companies have limited access to the graduate talent pool, so they take the graduate recruitment process more seriously. They use advanced techniques to conduct an in-depth assessment in order to hire the best students available,” says Tracey Scott, recruitment manager at PickWriters.
Employers start using websites and social media
Since job postings on university notice boards do not work any longer, companies start using online tools and social media to reach out to graduates. Nine in ten employers state that their graduate recruitment websites work more effectively than other tools.
However, most companies also use social media: 69% of employers find LinkedIn to be very effective, 46% find Facebook to be effective, and 21% find YouTube to be quite an effective way to reach out to young candidates online.
Recruiters are focused more on behaviours rather on qualifications
Since the vast most of the graduates have no previous work experience, employers focus their attention on applicants’ key behaviours rather than qualifications. According to the resent study, 75% of HR recruitment professionals use psychometric testing on a regular basis, and 78% consider this approach as a “powerful tool for hiring”.
It’s expected that screening methods (e.g., psychometric assessments) will become more popular among UK employers in the next few years. It means that applicants with high potential and enthusiastic attitude will have high chances to land a job regardless of what university they attended and what degree they hold.
Artificial Intelligence is becoming a key element of graduate recruitment
In the last two years, dozens of UK companies started using AI-enabled chatbots to run candidate screening. It has helped employers to automate essential administrative processes and smooth onboarding processes.
Besides, some companies have started using AI-powered chatbots to encourage prospective candidates to apply for a job. Since Millennials and Generation Z are tech-obsessed, AI implementation helps companies to attract the best young graduates.
Wrapping it up
Modern employers are interested in hiring recent graduates. And they are ready to invest in advanced assisting technologies, AI-powered chatbots, and social media marketing to attract top young talent. And even though competition among applicants remains pretty intense, modern graduates have more chances to land a good job than their predecessors."