Download - UK graduate labour market feb 14
International Career Advantage - Programme
16:00 Registration 16:30 Introduction 16:35 Position Yourself Locally 18:00 Networking Buffet 18:20 Launch Yourself Globally 19:30 Q&A 19:40 Summary & Closing Thoughts 19:45 Action Plan Exercise 19:55 Upcoming Events 20:00 Close
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GRADUATE LABOUR MARKET 2014
WHAT DO YOU KNOW ALREADY?
Write down three things you know about the UK labour
market
Write down three things you know about the graduate
labour market in Wales
GRADUATE LABOUR MARKET 2014
SOME MIXED MESSAGES FROM DIFFERENT
SECTORS
• SOME POSITIVE ASPECTS AND A GROWTH IN THE ECONOMY
• GRADUATE EMPLOYMENT STILL NOT BACK TO PRE 2007
LEVELS
Graduate Labour Market 2014
Outlook for graduates in 2014 is good. Recruitment
appears to be getting back to pre-recession levels
Prediction is 9% increase – 1,400 extra jobs
However, 80% of new jobs in the private sector were in
London. Big cities doing well, but vast regional variations
Most sectors are showing signs of recovery:
Consultancy, finance and service industries,
IT – mixed messages
Improvement for graduates from most science and
engineering disciplines High Fliers Report Jan 2014
Graduate Labour Market 2014
Graduates who have had no previous work experience at
all are unlikely to be successful during the selection
process and have little or no chance of receiving a job
offer for their organisations’ graduate programmes.
Over one third of positions going to graduates who had
already worked for the organisation
Competition remains intense - the leading employers
have received an average of 46 applications per
graduate vacancy
Salaries – static around the £19,000 to £22,000
• High Fliers Report 2014
Wales- Facts and Statistics
• Wales is an integral region of the United Kingdom and the
European Union and has a population of around 3 million.
• The greatest concentration of populations is found in the
South East and the North East. The largest city in Wales
is the capital, Cardiff. Alongside other major centres such
as Swansea, Newport and Wrexham
Wales – Facts
Wales has shifted away from heavy extractive and
manufacturing industries which shaped its past
Creative industries
Information, Communication and Technology (ICT)
Energy and Environment
Advanced materials and manufacturing
Life Sciences
Financial and Professional services
Food and Farming
Construction
Tourism Source. www.wales.gov.uk
Who are the large private employers in Wales?
25% of employment is in the Top 300 companies
in Wales
Top Ten
•Iceland Food Group Ltd
•Admiral Group Plc
•Dwr Cymru – Welsh Water
•Lloyds TSB General Insurance Ltd
•GE Aircraft Engine Service Ltd
•Celsa (UK) Holdings Ltd
•Dow Corning Ltd
•Calsonic Kansai Europe Plc
•Europe Plc and Alcoa UK Holdings Ltd
Source:Business in Wales.co.uk
Wales - Facts
• The Public Sector is by far the largest employer across all
Welsh Regions
National Assembly for Wales
• http://www.assemblywales.org/gethome/working.htm
Welsh Government
• www.wales.gov.uk/about/recruitment
• Civil Service
• Local Government
• NHS
Wales - Facts
• 99% of businesses in Wales are Small to
Medium-Sized Enterprises (SMEs), employing
less than 250 people – and the majority of these-
micro-organisations (less than 10 employees)
• Many Recruit graduates
Wales - Facts
• Around a third of employers in Wales are graduate
recruiters, and this includes a range of small and
medium-sized businesses
• In Wales opportunities are not always so visible
• The vast majority of Welsh graduates do not take up
traditional kinds of graduate post in large companies but
go to a wide range of employment or further study
• Around one-third take jobs where their degree is initially
not seen as a requirement
IES 2006