The graduate employment market has actually seen some considerable modifications throughout 2013. So what types of market will students be entering in 2014 and how can they conform to flourish when you look at the more and more competitive and powerful environment?
1. Increased possibilities
The actual quantity of vacancies open to graduates increased over 2013, ultimately causing more careers the approaching year. Britain's company relationship, the CBI, forecast a 2.4percent upsurge in the nation's economic development, that may have an effect on the business world and later the job marketplace.
The IT, electronic advertising and manufacturing sectors in particular are expanding their workforce so graduates with computer research, technology or IT levels have been in a great place for 2014. Smaller companies are also increasing their particular graduate intake – the marketplace isn't any much longer ruled because of the big name brands. Graduates should bear this at heart for programs in 2014; small, high-growth companies provide great opportunities also, often with an increase of responsibility, involvement and incentives plans.
2. Reliance on technology and social networking
Applicants need a respectful and prominent web existence; begin a web log and start to become active on social media. Utilize Twitter and more importantly, be active onto it – tweet making use of hashtags and follow relevant organizations, jobs panels and recruitment organizations to get use of the useful jobs which are around.
3. Academia is taking more of a back-seat
A degree category will be attractive to businesses and in most cases stand you in great stead for task programs. But employers tend to be becoming increasingly more enjoyable on this and are usually finding more from their particular prospects than a glowing academic report.
During the last year there has been a real increased exposure of placements, with real-life knowledge of the industry and workplace becoming prioritised by many sectors, eg financial services. Students from sandwich levels are in a position and need certainly to actually emphasise their expertise in applications. Internships and work knowledge continue to be favoured.
Including work experience, understanding another language can increase your chances of success. Students who've resided or come from abroad, talk extra languages or completed intercontinental work knowledge have been favoured in 2013, therefore a worldwide mindset is a very important product for 2014 also.
4. Recruitment techniques are switching
In 2013, bigger businesses managed their very own recruitment much more. Minus the assistance of a recruitment specialist, students should verify they will have an excellent knowledge of application procedure.
Alternatively, start-up businesses – especially in IT – tend to be increasing their intake utilizing professional solutions, so it's nevertheless smart for pupils to join up with recruitment organizations, as numerous run in a hidden jobs market and certainly will provide you with access to functions maybe not seen by the general public.
The standard rounds for application procedures will also be changing. Like, more businesses are going to strength-based interviewing instead of the conventional competency-based methods. This places an emphasis on what you might be great at and passionate about, altering the kinds of questions and magnificence of interviews. Employers may also be asking for more innovative programs, especially in imaginative roles such marketing or product sales.
5. 3% pay boost
The rise in salaries is still tiny as it was the past 3 years. Post-recession salary increases remain 3per cent, which is the exact same for 2014, and lower than the pre-recession rate of 3.5 - 4.5percent. In addition, the expense of residing is placed to upsurge by 2.7per cent, making little wiggle space for bountiful disposable income. But companies are offering attractive benefits bundles, particularly fast-growth companies.
6. Employers wish tailored programs
The days are gone whenever content and pasting programs could secure you a job. Applicants should modify every application, even in the event it means altering your CV is much more relevant for the part. Businesses want to see why you'd be especially advantageous to their particular vacancy unlike any other work going.