The Institute of Student Employers’ (ISE) Pulse Survey 2019 finds that some of the UK’s largest employers are increasing their apprentice and graduate vacancies by 27% this year. Respondents are offering more than 17,000 entry jobs, and the majority (70%) don’t anticipate Brexit will have any impact on their recruitment needs.
However, with more than half (55%) of employers unable to fill entry-level jobs last year – 1,839 jobs were left unfilled – 49% of respondents have concerns that Brexit may make it more difficult to source the talent they need. Filling specialist and technical jobs, both at entry level (32%) and in more experienced roles (38%), is of greater concern than filling more general positions (17%).
Graduate roles continue to dominate the market at 66%, compared to apprenticeships. However, apprenticeships are growing more rapidly at 47% than graduate jobs at 18%. Growth in vacancies is reflected in how much of the apprenticeship levy employers are spending, which is expected to increase by more than a quarter this year to 39%.
There are concerns over the supply of talent; that the market is contracting and Brexit may compound the issue and make for an even tougher climate
Demand for graduates has increased most in the public sector (up 32%). More graduate jobs are also more likely to be found in finance, FMCG, the built environment and IT.
The number of apprenticeships available has increased the most in retail and IT, up 128% and 65% respectively. While there is also significant demand for apprentices in energy, engineering and industry (up 40%), this is the only sector to reduce the number of graduate jobs (3% fall).
Stephen Isherwood, chief executive of the ISE, said: “It will be welcome news to students and graduates that companies are optimistic about the number of jobs they’ll be offering this year. There are more routes into some of the country’s best jobs and apprenticeships continue to grow at pace, suggesting the government’s apprenticeship strategy is maturing and starting to have the desired effect.
“There are, however, concerns over the supply of talent; that the market is contracting and Brexit may compound the issue and make for an even tougher climate. Getting the specialist and technical skills necessary for businesses to not just survive, but grow and thrive, will be vital over the coming months and years. Clarity is needed as soon as possible to enable employers to plan.”