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Published byDerrick Lewis Modified over 8 years ago
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Jane Artess & Jill Sandford
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the promise ? delivering
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most research into the graduate market focuses on student perception
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graduates from 130 participating employers responses 24,500 sample 13,500 graduates from 2003 – 2008 eligible Graduate Prospects registrants sent link to online survey in january annual survey - every november
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job opportunities on offer, why did graduates choose their employer ? aside from - leading organisation ? - reputation ? - recommendation ?
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induction
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first impressions count… 87 % of graduates are satisfied with their corporate induction
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But, only 73 % are satisfied at role level with their induction
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“induction training prior to commencement of my actual role was comprehensive and very well delivered. however, when i started my job role my line manager did not know anything about the graduate scheme or really what role i had to play in his department.” once graduates leave the control of the graduate team, quality slips
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leadership and management
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1 / 3 of respondents feel that their management’s leadership style inhibits innovation 50 % wish they had opportunity to innovate more 1 / 3 do not feel their opinions are valued
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only 61% rated communication as good or excellent and only 62% express confidence in senior management
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which sectors are the most and least happy with their management ?
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food and drink pharma- ceuticals wholesale and retail trade legal services public sector – local govt. banking – retail banking – investment marketing, pr and advertising % 79% 83%88%64%54%64%68% satisfaction with management
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are the most and least confident about their future ? which professions
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engineering professionals research professionals managementretail management science and science services legal professionals human resources and employment financial management % 76%73%76%77%54%52%59%61% confidence about the future
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pay gap
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(2 0 0 4 – 2 0 0 8 cohorts ) median salary £25,100£25,100 graduate training vs.vs. £18,114£18,114 scheme median non- graduate training scheme median
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the pg premium £24,400£24,400 with postgrad vs.vs. £22,800£22,800 qualification median without postgrad qualification median (2 0 0 4 – 2 0 0 8 cohorts )
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pay and graduate training
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employed in a graduate training schemenot employed in a graduate training scheme % satisfaction with pay 14%10%54%19%3% 25%21%35%9%10% satisfied very unsatisfied very satisfied unsatisfiedneither satisfied or unsatisfied
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the gender pay gap
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male female gender pay comparison
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perception gap the
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“this job was advertised as a graduate training scheme, but i have received only one and a half days of training. i feel very much that i have been taken on to fill in and take on tasks that others do not want to do, this situation would be fine if i felt i was learning or going to progress at some time, but unfortunately i feel as if i am being taken advantage of, and i have no idea whether this situation will ever change.”
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training & development gap the
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t&d builds loyalty: only 22 % of those whose employer is described as ‘supportive’ reported …compared with 41% of those whose employer was not only 68 % of graduates are happy with their t&d that they may move jobs once qualified…
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which professions are the most satisfied with t&d ?
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education and teaching professionals research professionals accountancylegal professionals human resources and employment business, economics and statistics professionals financial management % satisfaction with t&d 88%85%93%97%84% 85%
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gap progression
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the opportunity to progress within the job is crucial to over 90 % of graduates …but only 56 % are satisfied with their progression opportunities
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respondents on a graduate training scheme are more likely to be satisfied overall with support, supervision and progression ( 73 % & 50 % respectively) than those who are not
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csr gap the
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61 % of respondents reported that their employer has a csr policy … …but a significant minority ( 29 % ) are unclear about this 72% cited energy saving measures as important … …but only 41 % said that their employer always promotes this
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the promise ? delivering not for 1 in 3...
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% 3421 = exceeded expectations 7 = not exceeded expectations 65 meeting expectations 30%10%37%13%3%2%5%27%19%21%8% 6%11% graduate scheme non-graduate scheme
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conclusions
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most graduates are happy – especially those on graduate schemes …but there is still a gap between expectations and reality
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continued support of t & d will deliver improved retention and engagement
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graduates want to innovate but half feel stifled
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progression for many does not meet expectations
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but remember, the majority are happy and often small changes will make a big difference
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can now access full survey findings plus 5 detailed sector reports visit the Graduate Prospects stand what now ? to find out more recruiters
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