Employers are finding it increasingly difficult to fill graduate roles and face an increasing number of reneged offers, delegates at the Association of Graduate Recruiters Trade Show were told this morning.
AGR chief executive Stephen Isherwood told the audience that research reveals 8.2% of all graduate position offers are reneged, often at the last minute as graduates receive more than one offer. Non-acceptance of offers stands about 15%, he added.
The trend is leading graduate employers to make more offers than they have vacancies in a bid to reduce time to hire and cost. Cost per hire is also increasing in light of this competiveness and, when taking into account only attraction and selection, currently stands about £4k per graduate.
However, he also said the UK graduate recruitment market was probably the “most sophisticated” in the world as employers increasingly disregard actual subjects studied and increasingly recruit for strengths over competency.
Another trend Isherwood highlighted was a drop in the number of phone calls to screen for first interviews and an increase in the use of video technology.
London and the South-East dominate in terms of the number of graduate vacancies (55%), which is in line with the demand from graduates. This is underpinning increasing graduate recruitment difficulties for employers in other parts of the UK.
The conference, being held in London, continues this afternoon.
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