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Paul Sissons CEO, GTI Media. Session 1: The economic forecast The macro economy and impact on markets Session 2: The student research The evolvement of.

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Presentation on theme: "Paul Sissons CEO, GTI Media. Session 1: The economic forecast The macro economy and impact on markets Session 2: The student research The evolvement of."— Presentation transcript:

1 Paul Sissons CEO, GTI Media

2 Session 1: The economic forecast The macro economy and impact on markets Session 2: The student research The evolvement of early career skills in the light of the current economic climate Session 3: The Careers Services overview Session 4: The graduate recruiter confidence snapshot

3 Session 1: The economic forecast Bryan Finn

4 UK economy: GDP growth Annual % change

5 UK economy and recruitment advertising

6 World economy: major economies Annual % change

7 World economy: current world GDP growth rates Annual % change

8 World economy: oil prices US$ per barrel

9 UK economy: share prices FTSE 100

10 UK economy: manufacturing Annual % change

11 UK economy: service sector output Annual % change

12 UK economy: retail sales Annual % change

13 UK economy: consumer confidence Balance

14 UK economy: service sector confidence Balance

15 UK economy: inflation Annual % change

16 UK economy: Sterling effective exchange rate Index 2005 = 100

17 UK economy: house prices Annual % change

18 UK economy: value of mortgage lending Annual % change

19 UK economy: employment Annual change 0000s

20 UK economy: total job vacancies

21 UK economy: job vacancies by sector March 2009 Annual % change

22 Future prospects: GDP forecast for 2009 Annual % change

23 Future prospects: GDP forecast for 2010 Annual % change

24 UK economy and total recruitment advertising

25 World economy: world GDP growth forecasts 2009 Annual % change

26 Our survey sample 1,504 survey participants from the TARGETjobs database 33.4% were in their final year of university, the rest in their first, second or penultimate year 31% male and 69% female 20% from a BaME background 69.7% aged 21 and under 35% with 300 or more UCAS points 58% attend a pre-1992 old university Survey open 9 th to 20 th April 2009

27 Feedback and findings relating to employment confidence from those participants in their final year at university

28 How confident do you feel about securing a graduate job when you leave university? Final years

29 How do these results compare with our last survey in February 2009? Final years

30 Do you feel more or less confident about securing a graduate job now than when you started your final year? Final years

31 Have you seen any effects of the credit crunch in your job hunting? Final years


33 April 2009 -28.5

34 Graduate Employment Index: by Region April 2009

35 Graduate Employment Index: by Sector April 2009

36 Session 2: The student research The evolvement of early career skills in the light of the current economic climate Neil Harrison, TMP Worldwide

37 Our survey sample 645 survey participants from the TARGETjobs databases 70% 24 and under 399 in their final year at university, 246 have graduated and are in their first/second job post university 44% male and 56% female 32% from a BaME background 66% with 300 or more UCAS points 71% spent the majority of their secondary education in a state school 66% study or studied at a pre-1992 university 77% of final years without a job offer to date Survey open 6 th – 21 st April 2009

38 What will you do if you cant find a graduate job?

39 How will you build up your skills base if you dont get a formal graduate job offer?

40 Lets look more closely at those who will look at further study to build up their skills base

41 Knowing what I do now about graduate jobs prospects, I would still have gone to university 3-4 years ago

42 Those people agreeing that they would still go to university if they knew what the jobs market was going to be like 4 years prior

43 The skills debate – its not going away: Todays labour market is bringing home to students the need to take responsibility for developing the skills and attributes that will make them employable David Lammy

44 Which workplace skills are important in the current economy cf a strong economy?

45 In the current economic climate, the ability simply to survive is key in the modern workplace

46 The ability to get your head down and ride out the recession is a key workplace skill

47 Effective risk taking is becoming a dirty word. People are becoming fixated on survival and ignore the importance of challenging the norm. They value customer skills above all – which is laudable – but does this suggest bunker mentality of what we have, we hold?

48 And is this flying in the face of what employers are looking for: Graduates should be willing to learn & develop, bring new ideas and contribute to future growth Richard Lambert

49 The investment an organisation continues to make in graduate skills is a major factor in how I rate them

50 If organisations continue to invest in skills development they will be far likelier to hold onto their people when things improve

51 I would be sceptical about those organisations claiming not to be reducing their investment in skills right now

52 Early career graduates

53 My employer has cut back on skills development in the light of the recession

54 How do you respond to your employer cutting back on skills investment?

55 The evolution of skills within the modern workplace

56 I would feel more engaged and enthused by an organisation continuing to invest in my skills

57 If the economy picked up tomorrow, I would look for a new job immediately

58 In looking for a new job, the amount of investment in skills would play a key role in which organisation I would join

59 Two things to leave you with: 40% of your early career professional would jump ship if they had the chance We are creating an employment environment in which risk is viewed negatively

60 Session 3: View from the campus – the skills agenda Anne-Marie Martin

61 The sample All Heads of Careers Services at Russell Group Institutions Birmingham, Bristol, Cambridge, Cardiff, Edinburgh, Glasgow, Imperial, King's, Leeds, Liverpool, LSE, Manchester, Newcastle upon Tyne, Nottingham, Oxford, Sheffield, Southampton, UCL, Warwick All Heads of Careers Services at 94 Group Institutions Bath, Birkbeck, Durham, East Anglia, Essex, Exeter, Goldsmiths, Royal Holloway, Lancaster, Leicester, Loughborough, Queen Mary, Reading, St Andrews, SOAS, Surrey, Sussex, Warwick, York AGCAS Officers

62 The survey Careers Service involvement with the skills agenda –At Government and regional level –At institutional policy level –Operationally with students and graduates

63 The Context There have been many government initiatives intent on encouraging Universities to align more closely with business and students to acquire employment related skills. Ex Polytechnics and Colleges of Higher Education were the first to introduce the teaching of employability skills into their curriculum. Older Universities, especially those that are described as research-led have been slower to respond. Research led institutions have, however, always been committed to the idea that the academic experience is more than attending lectures and gaining knowledge. They have been keen to encourage employability without diluting essential academic freedoms and rigour. This research uncovers a huge range of endeavours throughout the sector not only to improve the opportunities to develop skills, but also to help students assess their skills and articulate them to employers.

64 Whats going on at Government Level I was asked to give evidence to Alan Milburns / Cabinet Office Fair Access to the Professions Panel. As a result of that my team is working with the Cabinet Office to produce a tool kit for employers considering taking an intern. The role of Universities in training individuals for the workplace has been the subject of a library of government reports and investigations. Both Government and Universities now consult and listen to the views of careers advisers. 80 Institutions and AGCAS contributed to the recent CBI/UUK report, Future Fit, which highlighted progress made in skills delivery. Represented on or contributed to DIUS Higher Skills Steering Group led by David Lammy; DIUS Graduate Employment Forum which meets monthly and is advising on the establishment of graduate internships; and UK Skills Commission consultation. AGCAS Liaison Officers for all Sector Skills Councils ensure there is effective communication between careers advisers and the industries represented by the SSC. HEFCE have pumped £50M into Universities via Careers Services under the Economic Challenge Investment Fund.

65 Regionally is where its at Almost all Regional Development Agencies are working with Universities to increase the number of work placements and internships both for current students and, in response to the current recession, recent graduates. General schemes include: –Graduates for Business in the SW develops graduate employability skills through work placement and a 3 day graduate directions course. –Yorkshire and Humberside giving 2/3rd wage subsidy to employers offering internships. Each of the 10 regional Universities will have 20 to 30 internships specifically for graduates. Skills development and training will be in integral part of the scheme. Others are focused on particular regional skills needs or disciplines –Wired Sussex is developing skills in the digital media sector. –GradEast is helping small and medium sized enterprises employ and use graduates more effectively. –The SE Physics network summer studentship scheme offers funded work experience and skill development for Physics and Astronomy students and graduates. –AGCAS Scotland Financial Skills Gateway will enhance the development and management of skills within Scotland in line with future industry needs.

66 Institutions Employability Strategies My institutions key ambitions are to increase the proportion of students exposed to work-based learning, enhance provision for skills development & increase employer involvement in curriculum delivery Learning and Teaching Strategies and Curriculum Reviews I was fully involved in the review of the curriculum. I took soundings from all our major employers to identify skills gaps in our students. This has resulted in a new cutting edge course, which will be compulsory for all students from 2010, that aims to both broaden the thinking of the undergraduates and integrate key learning skills Graduate attributes. Both skills and a set of desirable attitudinal dispositions. Employability Awards/Skills certificates/Credits in recognition of the development of employment-related and other skills outside the curriculum.

67 Practical Assistance We are seen as the skills provider. 82% of our 60+ skills sessions are delivered/co-delivered by employers. Students love them. Everyone delivers career management skills training and transferable skills awareness training. Many are also delivering transferable skills training often in association with employers Some are running these as modules embedded in the curriculum or providing consultancy to academic staff to assist them to do so Loads of online activity designed to encourage students to audit their own skills and identify ways of filling the gaps Some specifics: Developing skills clouds for every degree discipline Delivering specific training for students working and volunteering on campus eg client interviewing skills for students volunteering to work in the Legal Advice Centre A student internship bureau How to Analyse and Promote your Skills to Employers, Skills4Work Joint module with the enterprise department on commercial awareness

68 Session 4: The graduate recruiter confidence snapshot Carl Gilleard, AGR

69 Which sector do you operate in?

70 Is the market your business operates in:

71 Are you more or less confident about the prospects for the UK economy than you were three months ago?

72 Are you more or less confident about the prospects for your business than you were three months ago?

73 Comparing your graduate intake with 2007/08 do you expect to recruit:

74 Have your target numbers of graduate recruits been adjusted since the start of the current recruiting round?

75 Do you expect to meet your graduate targets?

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