the talent war 2015 stephen isherwood chief executive
TRANSCRIPT
The Talent War 2015
Stephen IsherwoodChief Executive
The Metro
Fewer 18 yr olds for the next 5 years
Employers invest more in graduates
• 13.2% increase in graduate vacancies• 3.7% increase in median starting salaries• 3.3% rise in intern salaries to £321 a week• 72.6% of employers offered internships• Growth across the board – large & small firms
Top five high growth sectors
IT/Telecoms 27%
Public 23%
Construction22%
Engineering/Industry 16% Investment Banking
12%
Vacancies unfilled – in a recession!
Percentage of graduate recruiters with unfilled vacanciesSource: AGR Winter Surveys
%
Unfilled vacancies by sector
All employers
Energy, water or utility company
Consulting or business services firm
Insurance company
Public sector
FMCG company
Banking or financial services
Other
5.4%11.8%
11.1%7.7%
7.3%5.9%5.9%
4.8%3.9%
3.4%2.8%2.7%
1.4%1.4%
3.7%
Why?
Did you know…
75% of AGR employer members
don’t stipulate a degree discipline
What do employers want?
• An ability to work collaboratively with teams of people • Excellent communication skills: both speaking and listening • A high degree of drive and resilience • An understanding of the political, economic, commercial issues affecting
an organisation• An ability to embrace multiple perspectives and challenge thinking • A capacity to develop new skills and behaviours according to role
requirements • A high degree of self-awareness • An ability to form professional networks• An openness to and respect for a range of perspectives• A willingness to play an active role in society at a local, national and
sometimes international level.
Or put more simply…
• Can work with and get things done with other people• Practical intelligence to think through problems
clearly and deliver solutions• A passion for your chosen industry/career• The resilience to do difficult – sometimes dull – work
in challenging, changing circumstances
The win/win of work experience
• Students with relevant work experience are more likely to get a job
• Internship students are more likely to accept and offer, stay longer and outperform peers
Future employees could be less work-ready
Source: UKCES 2015 “The Death of the Saturday Job”.
The right work experience
Vacancies and interns by sector
23.0%
14.6%
12.1%
10.1% 9.6% 9.1%
5.1% 5.4%
1.9%1.0%
18.8%
6.1%
14.5%
2.5%
16.2%
1.8%
20.8%
3.3% 3.1% 2.9%
Share of graduate vacancies (2014-15)
Share of intern vacancies (2013-14)
Know thyself
“The unexamined
life is not worth living”
Socrates
Break a few eggs
3 in 5 firms are addressing diversity
None
Other
Socio-economic background
Sexuality
Disability
Ethnicity
Gender
21.6%
1.4%
36.5%
23.0%
29.1%
43.9%
62.8%
11.3%
3.8%
25.8%
31.4%
47.2%
68.6%
88.1%
MonitorStrategy to address
41.6% of graduate hires are female
Source: AGR 2015 Annual Survey, 2010 Winter Survey
Engineering or Industrial company
Construction company or consultancy
IT/Telecoms company
Energy, water or utility company
Banking or financial services
Accountancy or professional services firm
Public sector
FMCG companies
Retail
Law firms
Overall
23.8%
27.5%
34.8%
30.3%
40.9%
40.0%
59.4%
53.2%
56.8%
53.8%
41.6%
15.8%
26.7%
28.4%
34.7%
35.2%
38.3%
49.6%
50.0%
53.5%
54.6%
38.7%
2009-102013-14
58.7% in talent pool
The skills gap
Sources: CBI Education and Skills Survey 2014; Prospects and Work Ready Graduates, 2015. Exact wording of categories varies between surveys e.g. top green bar is “self-management/resilience” in CBI survey.
The future…