Graduate employment market
New data from Graduate Careers Australia sheds interesting light on the graduate employment sector.
2009 wasn’t a super year with the GFC affecting graduate recruitment intake. Only 79.2% of graduates were in full-time employment within four months of completing their degrees (down from 85.2%). Despite the downturn graduate salaries grew, with the median starting salary perched at $48,000 compared to $45,000 a year ago. Around 30% of employers have sourcing difficulty in certain disciplines.
Interestingly, one in five graduates found information about their job on the Internet. And yet posting resume on the Internet is also the least successful method of finding a job. It’s interesting that Print continues to be a rather effective channel to find a job.
Things are looking up, with 21% of employers planning to increase the scale of their Graduate Program in 2010.
I agree that graduate recruitment will be a major focus of 2010 and 2011. However, the old-fashioned ways we go about it need to change significantly. You might be interested in an article I just wrote that is available on ERE.NET in the U.S. with 40 tips on how to bring your graduate recruitment function into the 21st century. http://tinyurl.com/yef4abz