Graduate recruitment 'resisting credit crunch'

Graduate recruitment 'resisting credit crunch' Graduate recruitment is weathering the storm of the credit crunch, according to new statistics.

Despite a gloomy economic outlook, research released by the Association of Graduate Recruiters (AGR) indicates that graduate level vacancies have risen by 11.7 per cent, reports Onrec.

However starting salaries have remained relatively stationary, with the average currently standing at £24,000.

According to the findings, there are now more than 30 applications for each vacancy made available.

Commenting on the issue, Carl Gilleard, chief executive of the AGR, said: "The results of the 2008 survey present a mixed picture; they are surprisingly positive in relation to the number of vacancies available with a respectable increase across the sectors and good predicted growth for 2009.

"However, although employers are still hiring, this year's survey shows the smallest rise in graduate salaries in recent years and in most cases employers will offer no more than a cost of living rise next year."

The AGR was founded in 1968 and is a not-for-profit organisation that supports graduate recruitment.

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