Transcript View the address slides

The Talent War 2015
Stephen Isherwood
Chief Executive
The Metro
Fewer 18 yr olds for the next 5 years
Employers invest more in graduates
•
•
•
•
•
13.2% increase in graduate vacancies
3.7% increase in median starting salaries
3.3% rise in intern salaries to £321 a week
72.6% of employers offered internships
Growth across the board – large & small firms
Top five high growth sectors





IT/Telecoms
Public
Construction
Engineering/Industry
Investment Banking
27%
23%
22%
16%
12%
Vacancies unfilled – in a recession!
%
Percentage of graduate recruiters with unfilled vacancies
Source: AGR Winter Surveys
Unfilled vacancies by sector
All employers
IT/Telecommunications
Energy, water or utility…
Construction company…
Consulting or business…
Law firm
Insurance company
Accountancy or…
Public sector
Engineering or industrial…
FMCG company
Retail
Banking or financial…
Investment bank or fund…
Other
5.4%
11.8%
11.1%
7.7%
7.3%
5.9%
5.9%
4.8%
3.9%
3.4%
2.8%
2.7%
1.4%
1.4%
3.7%
Why?
Did you know…
75% of AGR
employer members
don’t stipulate a
degree discipline
What do employers want?
•
•
•
•
•
•
•
•
•
•
An ability to work collaboratively with teams of people
Excellent communication skills: both speaking and listening
A high degree of drive and resilience
An understanding of the political, economic, commercial issues affecting
an organisation
An ability to embrace multiple perspectives and challenge thinking
A capacity to develop new skills and behaviours according to role
requirements
A high degree of self-awareness
An ability to form professional networks
An openness to and respect for a range of perspectives
A willingness to play an active role in society at a local, national and
sometimes international level.
Or put more simply…
• Can work with and get things done with other people
• Practical intelligence to think through problems
clearly and deliver solutions
• A passion for your chosen industry/career
• The resilience to do difficult – sometimes dull – work
in challenging, changing circumstances
The win/win of work experience
• Students with relevant work experience are
more likely to get a job
• Internship students are more likely to accept
and offer, stay longer and outperform peers
Future employees could be less work-ready
Source: UKCES 2015 “The Death of the Saturday Job”.
The right work experience
Vacancies and interns by sector
23.0%
Share of graduate vacancies (2014-15)
20.8%
Share of intern vacancies (2013-14)
18.8%
16.2%
14.6%
14.5%
12.1%
10.1%
9.6%
9.1%
6.1%
5.1%
2.5%
5.4%
3.3%
1.8%
3.1%
1.9%
2.9%
1.0%
Know thyself
“The
unexamined
life is not
worth living”
Socrates
Break a few eggs
3 in 5 firms are addressing diversity
88.1%
Gender
62.8%
68.6%
Ethnicity
43.9%
47.2%
Disability
29.1%
31.4%
23.0%
Sexuality
25.8%
Socio-economic background
Other
None
36.5%
3.8%
1.4%
11.3%
21.6%
Monitor
Strategy to address
41.6% of graduate hires are female
38.7%
41.6%
Overall
54.6%
53.8%
53.5%
56.8%
50.0%
53.2%
49.6%
59.4%
Law firms
Retail
FMCG companies
Public sector
Accountancy or professional…
Banking or financial services
Energy, water or utility company
IT/Telecoms company
Construction company or…
Engineering or Industrial company
15.8%
38.3%
40.0%
35.2%
40.9%
34.7%
30.3%
28.4%
34.8%
2009-10
26.7%
27.5%
2013-14
23.8%
Source: AGR 2015 Annual Survey, 2010 Winter Survey
58.7% in
talent pool
The skills gap
Sources: CBI Education and Skills Survey 2014; Prospects and Work Ready Graduates, 2015. Exact wording of
categories varies between surveys e.g. top green bar is “self-management/resilience” in CBI survey.
The future…