Top employers cut graduate jobs

Top employers cut graduate jobs

1.7.2009

There is further evidence of a tough graduate jobs market with a survey showing vacancies down 13.5% on 2008, reports the BBC.

Research among the top 100 employers identified by graduates shows that the only area with significant growth was the armed forces - up 11%.

As numbers of jobs have shrunk, firms have been getting more applicants for each - a third more than last year.

High Fliers Research, which carried out the survey, said employers had cut recruitment targets by 28%. Employers have recruited 14,370 graduates to join their payrolls - against an original target of 19,951. Last year, there were 16,614 graduates recruited.

The market research company's report, The Graduate Market in 2009, said the greatest recruitment of graduates this year was in accountancy and the public sector.

High Fliers managing director Martin Birchall said: "With a record number of students graduating from UK universities this summer, these substantial cuts in graduate recruitment at Britain's best-known and most sought-after employers couldn't have come at a worse time”.

To read the full article, as featured on the BBC website, click here.

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