Give a grad a job
The future is looking pretty bleak for university leavers, the Guardian reported yesterday, as a quarter of graduate employment vacancies have disappeared as a result of the economic downturn.
According to the Association of Graduate Recruiters, there is now an average of 48 applications for every graduate vacancy - stiff competition by anyone's standards.
As a graduate myself in 2007, I was happy to work for nothing in PR agencies, simply for the networking and experience I would benefit from. So I have little sympathy for the average graduate salary being "frozen at £25,000."
However, I'm not sure where the average figure comes from - this salary seems sky high to me and my friends, who all entered the job market at roughly the same time a year or so ago.
Either way, I would encourage employers to take on more graduates, not less, in these tough times. While graduates may need a bit more managing than regular employees, they bring with them fresh ideas, unique perspectives and bags of enthusiasm, all of which can only benefit businesses.
And the tough job market should make graduates settle for less (or nothing) in terms of remuneration, spurred on by the knowledge that the market will improve eventually and, when it does, they will look like an ever better prospect to potential bos
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