News this week signals a reverse in direction in the Graduate jobs market.
According to a study conducted by the Institute of Student Employers, employers across the UK are expected to increase their graduate job positions by 11% this year, which is a strong return to double-digit growth not seen since pre-Brexit.
In 2015, available graduate roles grew by 13%, followed by an 8% decrease in 2016 and a poor 1% increase in 2017. This year’s figures equate to a proposed additional 1,423 graduate jobs.
As the market has settled post-Brexit, employers are showing greater confidence in the economy. Stephen Isherwood, Chief Executive of the ISE said,
“There’s a positive mood from employers in this space at the moment and students should feel reassured by this renewed confidence. There are around 20% more vacancies overall this year. If you have the right mix of skills, there are lots of opportunities and students should feel confident to go for it.”
This action of perseverance has also seen a drop in the percentage of offers which were left unfilled in 2017, which dropped to 38% compared to 52% in 2016.
Graduates looking to enter the public sector will be rewarded with a 22% increase in job vacancies, and the IT and utilities sectors are expected to grow by 18% and 13% respectively.
“This is positive news for students across the country,” says Lizzie Brock, Marketing Director at RMP Enterprise, “We’ve seen an 8% rise in the number of jobs set live on RateMyPlacement.co.uk in the 2017/18 academic year. It’s great to see employers are investing in undergraduate schemes to nurture talent and fill the predicted rise in graduate roles.”
On the opposite side of the early talent spectrum, the introduction of the Apprenticeship Levy has made up for the shortfall in graduate positions in the last couple of years, with the number of apprenticeships increasing by 13% in 2016 and 17% in 2017. Compared to last year, employers are expecting to offer 1,501 more apprenticeships; an expected growth rate of 32%*.
This growth in popularity for apprenticeships has been echoed by the increasing success of our RateMyApprenticeship website, where traffic has grown at a phenomenal rate year on year and employers needing a strong platform to push their schemes.
*Annual comparisons are based on employers with data available for 2017 and 2018