Traditional 18-month graduate recruitment programs favored by big employers need to be modernized to remain relevant post-pandemic, according to a new study.
Highered, the online talent platform for EFMD, surveyed 1,099 business school students in March 2022 about their career aspirations. While a majority (82%) are interested in graduate programs, more than a third (37%) said they were outdated and outdated.
The top reasons given are not relevant to career growth (29%), a desire for more meaning and purpose in a career (24%), Salary level (20%) and programs that are too long (20%).
dr Amber Wigmore Alvarez, Chief Talent Officer at Highered comments: “While recruitment programs in large organizations are undoubtedly still popular with graduates, the pandemic is having a notable impact on graduate career aspirations. A job in a company is no longer the automatic path, and some have a clear desire to pursue a very personal career path, such as B. founding or joining a start-up.”
In the study, nearly three quarters (73%) said they would consider joining a startup. The top six reasons are opportunities to learn (67%), being more innovative (53%), early responsibility and autonomy (48%), more opportunities (46%), positive and diverse culture (41%) and being more open to flexibility/ Remote work (40%).
Conversely, the benefits of a corporate recruitment program were seen as growth opportunities (77%), learning opportunities (62%), more opportunities in the organization (56%), graduate program prestige (53%), employer branding (48%) and compensation (42%) .
An overwhelming majority (87%) considered tailor-made graduate programs where the locations and roles performed during the program could be chosen as more relevant and attractive. Across the study, the majority (80%) said they were attracted to remote work opportunities.
dr Amber Wigmore Alvarez concludes, “Global job prospects are being dominated by The Great Reshuffle – vacancies are high and it’s definitely a job seeker’s market. Graduates are looking for flexibility in work patterns and concrete opportunities for learning and personal growth. The pandemic has shown that alternative ways of working exist and graduate recruitment programs need to consider how to adapt to attract the best global talent.”
https://techround.co.uk/news/graduate-recruitment-programmes-need-to-keep-pace-with-student-career-aspirations/?utm_source=rss&utm_medium=rss&utm_campaign=graduate-recruitment-programmes-need-to-keep-pace-with-student-career-aspirations Graduate recruitment programs must keep pace with the career aspirations of students