Tight market forces firms to halt graduate job plans

first_imgA quarter of employers have reduced the number of graduates they are lookingto recruit because of the deteriorating economic climate, research reveals. The study for the Association of Graduate Recruiters shows that one in fivefirms have deferred up to 60 graduate job offers. Carl Gilleard, chief executive of the Association of Graduate Recruiters,said the findings reveal that “these are uncertain times” forgraduate recruiters. “The reduction in graduate jobs suggests that we are in for a muchtighter graduate market. Recruiters are still active, but are unsure about andunwilling to quote numbers,” he said. According to the survey of 166 employers, eight out of 10 companies havedeferred graduate jobs for 12 months. One in 10 firms have withdrawn joboffers. Graduate Recruitment in an Uncertain Labour Market finds that although 13per cent of organisations are increasing graduate intake, there has been anoverall 5.5 per cent decrease in the number of graduate vacancies. Gilleard urges employers to defer rather than withdraw job offers wheneverpossible. He said, “Not withdrawing the offer still gives them theopportunity to get back some return on their investment, as graduaterecruitment is an expensive business. “When I entered the labour market over 30 years ago, I had a job offerwithdrawn and I have never forgotten it, although I’m sure that companies onlywithdraw an offer when they have no alternative.” Gilleard warns recruiters to keep a high profile in the graduate recruitmentmarket so they are ready to attract the best talent when the economy recovers. www.agr.org.uk By Paul Nelson Tight market forces firms to halt graduate job plansOn 23 Oct 2001 in Personnel Today Previous Article Next Article Comments are closed. Related posts:No related photos.last_img

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