Graduates salaries and vacancies are predicted to rise in 2013, personneltoday.com writes.
That’s according to the latest Association of Graduate Recruiters’ (AGR) report into graduate recruitment. London might be the place that most graduates head, but it would appear that the optimism among graduate recruiters across the UK has increased.
The twice-yearly assessment found that the number of vacancies is expected to increase by nine per cent this year; a significant upturn from the eight per cent decline experienced in 2012. Polling 200 companies throughout the country, the AGR found that the average number of graduate vacancies per employer would swell from 98 to 109 per employer.
What’s more, following three years of stagnation, the study found that graduate starting salaries would see a modest increase – rising from £25,000 rising to £26,500 per annum. The biggest increase is forecast to be in the public sector, at 7.5 per cent.
Coincidental research published by guardian.co.uk revealed that due to the competition among graduates for jobs, especially given the tuition fee debts that so many will be burdened with, many graduates are starting their job hunt in the first year of their undergraduate studies. One AGR member said he received 400 applications for every graduate vacancy.
Commenting on the reports, the AGR’s CEO, Carl Gilleard, said: “The results indicate a renewed level of optimism among organisations for the year ahead. With the graduate market inextricably linked to business confidence, it is reassuring to see that employers are committed to investing in graduate talent despite the backdrop of continuing global economic uncertainty.”