Stepehen Isherwood's presentation on the "Graduate Labour Market 2014" during the Employability Summit on 17th December 2013 at University of Leicester
Employability Summit 4: 17th December 2013 - Stephen Isherwood "Graduate Labour Market 2014"
1. The Graduate Market in 2014
Stephen Isherwood
Chief Executive
Association of Graduate Recruiters
2. The graduate market in 2014
1. Changes in the hiring market
2. Recruiting trends
3. Have we turned the corner?
Expected percentage change in vacancies from 2011-2012
to 2012-2013 by sector
Consulting or business services firm
36.3%
Energy, water or utility company
30.8%
IT/Telecommunications
14.6%
Engineering or industrial company
10.1%
Retail
9.7%
Public sector
5.2%
Investment bank or fund managers
Law firm
FMCG company
Accountancy or professional services
firm
Banking or financial services
No change
-5.4%
-10.5%
-17.1%
-45.1%
4. But the landscape is very familiar
Predicted vacancies by sector
% of 18,913 vacancies
Accountancy or professional services firm
18.7%
Engineering or industrial company
14.9%
Retail
10.3%
Public sector
10.0%
Banking or financial services
9.4%
IT/Telecommunications
8.7%
Law firm
6.8%
Investment bank or fund managers
4.3%
Consulting or business services firm
2.9%
Energy, water or utility company
2.8%
FMCG company
2.2%
Transport or logistics company
1.3%
Insurance company
0.9%
Construction company or consultancy
0.9%
Other
1.9%
5.
6. How big is my market really?
Graduated 2:1/1st
Medicine, dentistry etc
Further study
Traveling etc
Market size
7% interested in accounting
Big 6 vacancies
230,000
27,000
48,000
14,000
141,000
9,870
5,000
7. Talent spotting
•
•
•
•
Shift in emphasis to talent spotting
Candidate processing outsourced
Campus brand building (ROI)
Early identification
– Internships
– One-year placements
– First year spring weeks
• Degree partnerships
8.
9. What does good look like?
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
An ability to work collaboratively with teams of people
Excellent communication skills: both speaking and listening
A high degree of drive and resilience
Ability to analyse make sense of complex situations
An ability to embrace multiple perspectives and challenge
thinking
A capacity to develop new skills and behaviours according to
role requirements
A high degree of self-awareness
An ability to negotiate and influence
An ability to form professional networks
Awareness of issues affecting sector applied to
10. What does good look like?
• Practically intelligent problem solver
• Can get things done with and through
others
• Passion to do the job
11. A global mind-set
What it isn’t:
• Can’t work with different cultures
• Has no interest in what is happening in other
countries
• Inflexible approach to work
12. Developing a global mind-set
• Cross-cultural experience
• Learn a new language
• Travel/work/study abroad
• Solve problems flexibly
• Read the Economist