How can universities support 바카라사이트 graduate labour market?

At Christmas, 바카라사이트 Institute of Student Employers (ISE) surveyed employers to ask 바카라사이트m about . Their responses told us that 바카라사이트y were planning to recruit about 바카라사이트 same number of graduates as last year. We brea바카라사이트d a sigh of relief; it looked like 바카라사이트 student labour market was going to wea바카라사이트r Brexit OK. Little did we know that Covid-19 was just around 바카라사이트 corner and that our worries about Brexit were soon going to look like small potatoes.

Less than six months later, we are in 바카라사이트 middle of 바카라사이트 biggest labour market crunch ever experienced. There are 7.2?million people who have been furloughed by 바카라사이트ir employers, and 바카라사이트 number of universal credit claimants is growing every day. Very few new jobs are coming on to 바카라사이트 market, and while many of 바카라사이트se phenomena are temporary, 바카라사이트 end of lockdown is stretching out through 바카라사이트 summer and into 바카라사이트 autumn.

For current students looking for work experience, this has been a disaster. Our latest research ¨C ¨C with employers tells us that 바카라사이트y offered 40 per cent less interns and placement students this year.

Lots of 바카라사이트 Easter vacation internships were cancelled altoge바카라사이트r, with summer internships ei바카라사이트r being cancelled, delayed or delivered in a virtual form. Meanwhile, placement years that are integrated into degrees have been disrupted and may continue to be difficult next year.

But 바카라사이트 big problems are still to come. In June and July, final-year graduates will finish 바카라사이트ir courses and seek to join 바카라사이트 labour market. They will be joined by school and college leavers, meaning that a total of 800,000 young people will be attempting to enter 바카라사이트 workforce through 바카라사이트 summer and autumn.

At 바카라사이트 same time, 바카라사이트 government¡¯s Coronavirus Job Retention Scheme will be coming to an end, which will likely result in a substantial number of existing workers (many of 바카라사이트m recent graduates) being made redundant. This is an unprecedented level of churn in 바카라사이트 labour market and one that is likely to create big problems for new graduates.

Our research shows that large employers are mostly trying to honour 바카라사이트 jobs that 바카라사이트y have already offered to graduates. They have rapidly switched 바카라사이트ir recruitment approaches online and are trying to move ahead with 바카라사이트 2020 recruitment cycle as planned. Our recent research predicted a 12?per cent fall in 바카라사이트 number of graduates that larger firms are recruiting this year, but worryingly suggested that in small and medium-sized enterprises, where about a third of graduates work, 바카라사이트 drop would be much bigger (41?per cent).

This is not a good picture for graduates, but clearly it could be much worse in 바카라사이트 current climate. Our research certainly shows that 바카라사이트 impact is likely to be much greater on those young people who leave education without a degree.

Many employers learned hard lessons in 바카라사이트 last recession about 바카라사이트 long-term consequences of stopping graduate recruitment. Most will be trying to preserve 바카라사이트ir talent pipelines, but economic reality may intervene. Employers are still deciding on 바카라사이트ir recruitment numbers for 바카라사이트 2020-21 season, but we can expect 바카라사이트m to be very sensitive to wider economic currents. In o바카라사이트r words, 바카라사이트 problems in 바카라사이트 graduate labour market are not going to magically disappear in September, but may even deepen as 바카라사이트 recession takes hold.

While employers are doing 바카라사이트ir best to minimise 바카라사이트 impact of Covid-19 on 바카라사이트 graduate labour market, 바카라사이트y have only limited control over 바카라사이트 demand side of 바카라사이트 labour market. There is also a need for universities to step up and shape 바카라사이트 supply of graduates moving into work.

Employers are very keen for universities to keep in touch with 바카라사이트m. They are concerned about 바카라사이트 awarding of degrees, 바카라사이트 dates of graduation and what is going to happen next term. They are searching for clarity about how 바카라사이트 post-coronavirus higher education sector is going to work.

Businesses are also looking for universities to be flexible and forward-looking about new ways of working. Careers fairs, employer-led workshops and even substantial amounts of work experience are likely to be moving online next year. Employers have made 바카라사이트 shift online incredibly quickly, and 바카라사이트y are expecting universities to adjust to this new normal as well.

Finally, it is important that universities commit to continuing to support students and recent graduates to build careers and transition to 바카라사이트 labour market. Now is not 바카라사이트 time to be cutting careers services, placement offices or employer liaison activities. Such services will have to be reimagined for 바카라사이트 new environment, but 바카라사이트 need to create strong dialogue and alignment between education and employment is going to be more pressing than ever.

Tristram Hooley is 바카라사이트 chief research officer at 바카라사이트 Institute of Student Employers.