The company for students, graduates and employers
Simon ReichwaldDirector, Bright Futures
The Company for students, graduates and employers
UK’s leading student, graduate and employer network for school and university talent – focused on employability and employmentWhat makes us unique
1977 - Student Industrial Society2007 - Bright Futures Society45+ UniversitiesGrowing platform of schools
One door to early and emergent talent
“One size does not fit all”
ConsultingOn Campus SolutionsSelection & Recruitment [sub 100 grads p.a.]Training & Development
“Making a difference for students and employers”
Improving student career engagement Seen by the HE Academy as an example of best practice Over 250 events run in 2011/12 60% of our 2010/11 committee members had found
themselves employment before the end of the academic year
And 50% of those were with our clients
• State of the Graduate Market• What Employers seek from Graduates• What Students like & need• What Employers seek from Universities– On Campus Activities
• Summary
Graduates hit as
Graduates hit as
companies scrap
companies scrap
training schemes
training schemes
[The Times
[The Times 25/08/2010]
25/08/2010]
Many graduates 'earn less than school leavers'
People Management Magazine Online
Graduate unemployment at highest for over a decade [BBC News – 26/11/2010]
Graduate Graduate
unemployment up 25
unemployment up 25
per centper cent
Times Higher Education
Times Higher Education
04/07/201004/07/2010Nearly 20000 of last year's graduates -
one in ten - were unemployed six months after leaving university - up
from eight per cent in 2008.People Management Magazine
[02/07/2010]
Graduate Graduate
unemployment increases
unemployment increases
44% in one year 44% in one year [[The The
Guardian 02/11/2010]
Guardian 02/11/2010]
Value of holding a degree shrinks for 21st-century graduates - The Guardian
Work experience Work experience and networking and networking key to graduate key to graduate jobseekers
jobseekers [Chartered Management Institute]
New internships for graduate job
hunters [DirectGov]
Pay gap between graduates and those
without degrees widens with age
[The Guardian 07/09/2011]
Networking and work experience are best
Networking and work experience are best
ways into graduate jobs
ways into graduate jobs
[HRmagazine.co.uk]
[HRmagazine.co.uk]
Degree seen as vital for social mobility [Financial Times 07/09/2011]
• AGR Members Hire c10%• SME Recruiters• 3 Types of Graduate Roles – all credible routes• Graduate Salaries (3 year of stagnation) – agr & others
• More and More Competitive – applications trebling• 79% of students go to University to improve their
job prospects• 57% of students want their University to do more
to help their employability
Face to
Face
Psychometrics
Online application form
OffersOffers
Advertising and Attraction
SEPTEMBER
AUTUMN TERM
BY EASTER
Telephone Interview
• Academic Achievement (allows you to apply)
• Competencies (‘Tell me about a time when…?’)
• “What more have you done?” How are you different?
– Work Experience & Commerciality– Achievement– Made an impact / difference
• Can they verbalise and demonstrate these differences & their skills?
• Like– Speed Networking– Impactful, real world insights into employers– To take part, not have it done to them (empowered)
– Relevant / tailored to them as individuals• Birmingham School of Social Sciences• Meet current graduates (alumni events)
• Need– Compulsory as Pareto’s Law (The scary facts - Exeter 321)– Early intervention, engagement (‘If only I’d known’), when they
have more time
• Aims:– Attract & Educate about them, the breadth of roles
and who can apply– Help develop skills– Hires, Spend Less, Increased conversion rates & ROI
• Challenges:– Time, Resources, Money– Which Universities / Faculties to target / how easy it is
• Target Fewer Universities– Based more and more on ROI not just rankings
• Work more closely with them– Careers Services– Academic Departments– Societies
• ‘Nirvana’ is early & consistent engagement, with all relevant students to build relationships
• Curricula, Co-Curricula and Extra-Curricula• Employers want to identify opportunities that
are right for them at all levels• Practicalities:– Too many employers - saturation• Create sector groups• Promote the sector not just the individual company
– Time in curriculum for skills reflection
• Massive Improvement but much more needed• Challenges:– (Early) Engagement– Individualise / Personalise– Resource and Time– Multiple demands
• Collaboration is key• Empower the students to take responsibility
The company for students, graduates and employers
Simon ReichwaldDirector, Bright Futures01242 [email protected]