Graduate starting salaries are set to rise as the
jobs market is stabilising according to new
research
A study of more than 215 employers across the
UK has found that three years of graduate salaries standing still
will come to an end. The number applicants for every job has
dropped from last years high of 83 to around 52 per graduate job, as more
employers have the confidence to restart their graduate
recruitment.
The Association of Graduate Recruiters (AGR)
said its six-monthly survey has shown that graduate vacancies are
forecast to fall by 0.6% in the next couple of months, yet
according to many employers the quality of graduate applicants has
increased.
Starting Salaries are expected to rise by 0.6%
to an average of £26,500 in the coming months. Carl Gilleard, chief
executive of the AGR, said: "It is reassuring to see that employers
are investing in graduate talent. The significant rise in starting
salaries to £26,500 will be very good news indeed to students, who
are bracing themselves to take on higher levels of debt as tuition
fees rise to £9,000 from September this year.
"With the continuing uncertainty in the eurozone, it is
encouraging to see that employers are still talent-planning for the
future and that the number of graduate vacancies is remaining
constant.
"Naturally, businesses will be thinking carefully about where
best to invest, and I would argue that, where graduate schemes are
concerned, you really do get out what you put in.
"Businesses that create a programme which goes beyond mere
training, and
gives graduates the opportunity to engage in a meaningful, hands-on
way with the organisation will find that they are rewarded with
enthusiasm and long-term commitment by well-selected
graduates.”
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