Setting realistic expectations for graduate employment outside the M25
20 minutes• Nicola Turner, Acting Director of Employability, Aston University and Martin Edmondson, Chief Executive, Graduates Yorkshire – Graduate Employment in 2011 – A range of perspectives – National SME Survey results – Key Messages – Questions to consider
Graduate Employment 2011• What happens • AGR average to the other grad salary 44? £25k “45 graduates “Average chasing each graduate salary job” is £29k” “Unemployment “48% of Finalists rate for 16-24 seeking work in London” year olds is at an all time high”• Do they all get • 700,000 more jobs in graduating this London? summer
A range of perspectives Graduates Employers, Universities Parents Rankings Government Media
Graduate Network presents: National Employer Survey 2011Sent to 32,000 regionalemployers 453 Responses – 90% SMEs 62% have recruited a grad in the last 12 months and 56% plan to recruit in 2011 1.5% believe degree result is the most important factor when recruiting graduates
Graduate salaries outside London median salary £29k HESA stats 2009 UK graduate salary range £15 – 23k 86% think a grad salary should be between £12,000 & £22,000 with £15,000 - £18,000 proving to be the most popular bracket.
High Fliers 2011CLASS OF 2011Investment banking popular choice for first time inthree yearsPublic-sector jobs decline in popularity forapplicantsStudents applying earlier and more oftenLondon most popular destination in 25 out of 30universitiesTop university students expect starting salaries of£25,000+25% want to stay for postgraduate courses
Benefits of employing graduatesBenefits What % of employers agreeStrengthen resource 96%Introduce new ideas 92%Produce future leaders 85%Increase productivity 83%Up-skill your workforce 70%Give specialist knowledge 58%
Key messages Graduates• The 3-way disconnect: Universities Employers• Strategy being built on dangerous assumptions• London is a different graduate recruitment world from the rest of the UK• Not trying to drive down salaries• Strength in London + wider UK is good for all
Questions to consider• What information are you building your strategy on?• What expectations are you giving graduates?• Why do you recruit graduates, and do you know what they want?• How are you balancing/weighting all of the external forces that impact on graduate employment?• How should your local, regional, national and global graduate employment strategy vary?