Half of UK graduate employers 'will cut recruitment' following Brexit

Half of UK graduate employers 'will cut recruitment' following Brexit

 

Half of the UK’s leading graduate employers will reduce their graduate intake if Britain votes to leave the EU, with the sectors most at risk including banking and finance, retail, media, technology and law.

This is according to a survey of UK graduate employers by PathMotion, an employer-to-candidate engagement platform; the surveyed firms are expected to hire 5,500 graduates in 2016.

The three main reasons cited for downsizing graduate hires under Brexit were: the impact of Brexit on the economy and therefore on the volume of business; general uncertainty; and a lower talent pool of EU graduates applying for jobs.

While some respondents said they would increase their recruitment of British graduates to compensate for fewer EU graduates, the majority reported they would either apply for work permits to maintain current levels of EU graduates or reduce operations in the UK to manage with fewer graduate hires.

In addition, some firms said hiring more British candidates for jobs currently held by EU graduates could impact on overall quality.

Of the firms who said employing EU graduates was beneficial, key reasons included:

  • Languages and other skills to be able to cover global clients, for banks and law firms
  • Specific job skills sets, in education and health
  • The need to be able to tap into a wider talent pool, which was cited across all sectors

David Rivel, Founder and CEO of PathMotion, said: “PathMotion presents the first study dedicated to assessing the impact of Brexit on UK-based graduates from the viewpoint of those that employ them.

“The concerns raised by graduates about the effect of a Brexit are now confirmed by employers, who predict a loss of graduate jobs in the UK. British graduates are not protected, despite some employers shifting from EU to British graduates. The survey also reveals that employers are worried at the prospect of losing access to the talent pool that they can already tap into.”

Monday, 20 June 2016

Share this article

Any questions? Any comments?

Your instant reactions to this article can be posted here.

(Showing 1 - 1 of 1)

Anonymous Date: Jun 21, 2016

Why is the AGR on the day you are able to vote on the EU referendum? Lots of the graduate recruiters themselves will not be able to vote (unless they have pre registered to do so, through postal voting).

  • Latest jobs
  • Find out how to place an ad here Media Job Read more >>