Your at-a-glance guide to what’s happening in the graduate recruitment industry…
UP FRONT • 0
54% 14%
is the UK graduation rate. In the OECD, only Iceland has a greater proportion; Germany, for example, has a graduation rate of just 31% CIPD survey | 11.08.15
of 18 to 24-year-olds are out of work, far above the overall unemployment figure of 5.6%. Office for National Statistic | 12.08.25
is the new average graduate salary. It is up from £23,850 last year.
Reed.co.uk | 28.07.2015
£26,000 UP FRONT • numbers
is the difference between the salary earned by graduates who went to private school and their state- educated counterparts after three years of work. Sutton Trust | 06.08.15
£4,500
adults regret basing study choices on poor career advice while at school YouGov poll | 16.08.15
1 in 10
of 15 to 18-year-olds have ‘no idea’ what they want to do in the future NotGoingToUni study | 04.08.2015
25% READING CORNER Keep your finger on the pulse by checking out these current reports and surveys: Title: AGR 2015 Annual Survey
Summary: AGR’s Annual Survey of graduate employers is packed full of insights to help employers benchmark their recruitment and development programmes and respond to the latest market trends. It contains salary, vacancy, offers, selection process, internship and placement student info as well as – for the first time – cost per hire estimates by eight different sectors and by size of intake. Definitely recommended. Website:
www.agr.org.uk/AGR-surveys
Title: WISE UK Statistics 2014
Summary: This annual report includes a range of useful statistics about women in the workforce. For employers looking to improve their gender balance, the key benchmarks are 21% of women in STEM industries and 13% in STEM occupations, but there is an impressive amount of other details. Website:
www.wisecampaign.org.uk/resources/2015/07/wise-statistics-2014
Title: Santander study of 500 Year 11 Students (20th August press release)
Summary: Santander’s survey captures a range of student expectations that employers may need to manage. For example, only 7% of GCSE-leavers consider doing an apprenticeship, the average 16-year-old expects to earn over £89,000 (compared to actual average graduate salaries of £28,000) and young people place salary over stimulation in their first job. Website:
www.santander.co.uk
Title: Private Pay Progression
Summary: A joint report by the Sutton Trust and Upreach reveals that, six months after graduation, employees from state-educated schools are earning £1,300 more than employees from privately educated schools in similar high- status jobs. By the time they’ve been working for three years, this financial gap has grown to £4,450. This suggests that social disadvantages extend into the workplace. Website:
www.suttontrust.com/newsarchive/privately-educated-graduates- in-top-jobs-get-bigger-pay-rises
06 Graduate Recruiter |
www.agr.org.uk
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