Connect with us

Hi, what are you looking for?

Editor’s Pick

‘Genuine struggle’ for graduate jobs as applicants per vacancy numbers hit record high

Students graduating this year are likely to face more competition for jobs as the number of available positions falls short of pre-pandemic levels, according to the Institute of Student Employers (ISE).

The ISE survey found that 2021 has seen the highest number of applications per vacancy since the ISE began collecting data in 1999.

This year’s cohort has been forced to compete with unemployed 2020 graduates still struggling to find roles due to the pandemic and masters students entering the workforce.

“Despite employers wanting more young people than last year, there just aren’t enough roles and we’re not yet back to 2019 levels,” said Stephen Isherwood, the ISE’s chief executive.

The ISE survey revealed that on average companies in the retail sector, in fast-moving consumer goods (FMCG) and the tourism industry received the most applications with 182 per position.

Competition for jobs in health and pharmaceuticals saw similarly high numbers with 155 people applying for a single role on average.

“Competition for jobs has been fierce,” Mr Isherwood added when reflecting on the current student jobs market.

On average, student employers received 91 applications per graduate role.

Overall, the the survey found a 17% increase in the number of vacancies per role, despite a 9% increase in the graduate recruitment market last year.

The ISE report warned that recruitment had still failed to bounce back from the lockdown slump of 2020.

Mr Isherwood said: “This highlights the genuine struggle for young people to find work during the pandemic.

“There are more people looking for the security of a graduate programme, and this year’s cohort is competing with unemployed graduates from last year and those who did a masters degree.”

However, Mr Isherwood remained optimistic, adding: “Assuming the economy continues to recover, things should get easier over the next year when we expect a return to pre-pandemic hiring.”

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

News

By Allyana A. Almonte Luxury residences offer high-end investment seekers and buyers very worthwhile options at present, especially as the Philippine real estate market...

News

The in-person Leisue team, along with those working from home, is behind Kyoo’s top-notch digital queueing system. Many people have probably experienced the struggle...

News

A worker of Ayala Corp’s Integrated Micro-Electronics Inc. (IMI) solders an automotive computer component part at an electronics assembly line in Binan, Laguna south...

News

MARI GIMENEZ-UNSPLASH THE NATIONAL Government plans to borrow P200 billion from the domestic market in July, the Bureau of the Treasury (BTr) said on...

News

SCOTT GRAHAM-UNSPLASH PHILIPPINE PRESIDENT Rodrigo R. Duterte has signed an order updating the list of investment areas where foreign ownership is limited or barred....

News

ETIENNE GIRARDET-UNSPLASH WHOLESALE PRICES of building materials in Metro Manila jumped to their highest in more than a decade in May as construction activities...

You May Also Like

News

BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...

News

REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...

News

COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Financial Advisors

The healthcare ecosystem is one that has thrived on the cusp of scientific progress, benefitting enormously from the winds of change in the technological...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.