Earlier this month, the Institute of Student Employers released their latest report on student and graduate recruitment. The ISE Recruitment Survey 2020 covers the latest information on the labour market, what employers are looking for in their recruits, and what their plans are for the current year. You may have seen some media coverage of it, as it tends to hit the headlines.
The statistic that most stands out in the reports is an anticipated 12% reduction in graduate jobs in 2020, and further anticipated reduction in the future. But let me put this in context. The contributors to this report were 179 mostly well-known organisations who tend to have a significant intake of graduates and school leavers. However, altogether they only represent around 6% of the graduate labour market, so whilst we can use this report to signal definite trends and insights, we don’t get the whole picture. Many graduates will go on to work in much smaller companies, sectors who aren’t largely represented in the study (arts, charities, for example), and let’s not forget the entrepreneurial graduates who go on to work for themselves and become successful entrepreneurs. There are still many organisations who simply don’t know yet what their recruitment for next year might look like. Hopefully recent developments on the scientific front will make it easier to plan for 2021 in the coming months.
Stay strong and keep going!
We acknowledge that it’s not an easy time to look for a job. It takes energy to engage with job-seeking at a time when many people are exhausted from the whole situation, being online for extended periods, and having to maintain their own motivation. But don’t give up! There are opportunities out there, and if not now, then there will be in the future – you just have to be ready, organised and informed so that you don’t miss out. Employers are looking for skills such as resilience, emotional intelligence, digital skills and the ability to work remotely (manage your own time, etc), and you are likely to be developing these right now.
Key recruitment trends
As with almost everything at the moment, recruiters in this study reported significant shifts in the way they are recruiting and selecting candidates, as well as offering virtual experiences and remote inductions. We don’t expect the concept of the virtual careers fair or online employer webinar to disappear soon. We also expect that employers will continue to use online methods such as virtual interviews, tests and digital assessment centres for their selection processes for a while, so be prepared for these.
If you are facing any of these things for the first time, get some help from our team, either by using “Ask a Question” to get access to key resources to help you to practise, or by booking an appointment to run through some interview questions or a presentation online with one of our team. Take one step at a time towards your goals, and don’t hesitate to ask for our help to navigate these uncertain times.
☞ Big thanks to Tracey Wells, our Careers and Employability Service manager, for writing this blog post. We hope you find it useful.
Please be reminder that if you need careers support, your Careers Team is only an email / a message away!