5 Most Common Brexit Questions By Graduate Job-Seekers
With constant talk about Brexit on the news and many assumptions being rumoured, it is extremely hard to generalise the likely impact Brexit will have on the graduate job market.
In light of this, The CV Squad has carried out research to help answer the 5 of the most few frequently asked questions we get from first-time job-seekers.
1. WHAT IMPACT WILL BREXIT HAVE ON THE GRADUATE JOBS MARKET?
According to High Fliers Research , creators of The UK Graduate Careers Survey used by 150+ of the UK’s Top employers including PwC, Google, KPMG, EY, Goldman Sachs etc, they found many had downgraded their hiring plans after the Brexit referendum vote, with private sector organisations recruiting 10% fewer graduates by the end of 2017.
However, we noticed that after the initial shock, in 2018 the UK graduate job market has shown continuous growth predicted to have an 11% rise in vacancies by year end. The Institute of Student Employers (ISE)support this by quoting recently “Over the last couple of years the recruitment season has been heavily influenced by the Brexit vote and nervousness over the economy, but we’re now seeing a return to normal state of play”.
2. HOW WILL MY FUTURE JOB PROSPECTS BE AFFECTED?
Unfortunately, as we are still awaiting a final Brexit agreement, it is too early to tell. Even when an agreement is met, it could take years for it to take effect, therefore the short-term impact should be very minimal.
Yes, some businesses in the UK have voiced that they would relocate if the right deal was not struck between the UK and EU, which could cause financial struggle and impact employment rates. At the moment, however, the employment rate continues to grow with the Office of National Statistics releasing that the UK employment rate is now 75.4%, a 0.8% rise compared to the previous year.
Excitingly though, 50% of the UK’s leading employers have received more completed graduate job applications during the early part of the recruitment season than they had last year, plus, two-fifths believed the quality of applications had improved. Together, the country’s top employers have received 10% more graduate job applications compared with the equivalent period 2016-2017. In addition, the recruitment sector has seen a steady volume of applications and job vacancies for domestic and international graduate jobseekers.
In short, no major impact of Brexit has been noticed yet.
3. HOW WILL MY SALARY BE AFFECTED?
Unfortunately, the impact of future salaries for employers is hard to predict and will be largely dependent on the state of the economy, along with the industry and role that you are currently based in.
Graduate starting salaries at the UK’s leading graduate employers are expected to remain unchanged for the fourth consecutive year in 2018. The average starting salary is £30,000, with some paying salaries in excess of £45,000.
4. I’M FROM THE EU – WHAT WILL HAPPEN TO MY JOB IN THE UK?
Information from the Government has stated that any EU Nationalist who is currently legally working in the UK (under the legal rules at the time of entry) is welcome to continue to work and live within the UK.
This is also apparent for the British businesses with European staff, no impact will be made on the employees of EU Nationality.
However, future negotiations may change these as no detailed agreement has been finalised.
5. HOW DO I FIND & APPLY TO UK GRADUATE JOBS?
University Career Services: Every major graduate employer works with university careers services. Top Universities like ESSEC Business School ranked #4 in the World University Rankings, enable companies to meet their students, as well as its alumni, to offer recruitment opportunities. Most also take part in local university recruitment events and programmes.
Employers are now as likely to target first and penultimate year undergraduates, as final year students when promoting their graduate vacancies. More than four-fifths of organisations have held events during the 2017-2018 specifically for first-year students, such as taster sessions, open days or introductory courses.
Job boards: You can find graduate jobs on the UK’s leading job boards i.e. CV Library, Indeed, Total Jobs and Reed.co.uk . If you are considering more specialist jobs, for example, you are seeking a role within the Oil & Gas sector, try specialist sites such as OilandGas Jobsearch. The world’s premier Oil and Gas job site will provide you with more relevant jobs regarding your desired career choice.
Remember, it’s not only job seekers like you who use job sites, employers and recruiters use job boards to search online CV database when looking for potential new employees.
LinkedIn: (https://www.linkedin.com/) Apart from your CV, having a strong and optimised online footprint is essential. Every professional recruiter and virtually every major employer now used LinkedIn to post jobs and headhunt talent. Having a professional LinkedIn Profile is how as important as having a professional CV.
Be proactive: Not every job is advertised, in some fields, such as PR and journalism, employers actually expect applicants to be proactive and seek out the jobs they want. Industries such as law, banking and management consulting will generally only recruit at entry level via graduate schemes.
Apply smart: With limited work experience, employers look at your education and qualifications. They will also look at your soft-skills too.
Recruitment expert at The CV Squad, Ben Muir, adds: “Candidates should not allow Brexit uncertainty to dictate their career path and should simply be open to the opportunities that are presented to them now. Given the lack of work experience of first-time job seekers, it is key to present a compelling and impressive CV that grabs the attention of potential first-time employers. It’s the first thing that differentiates you and is key to securing your first-time job and future success. Your CV is all you have to sell yourself, so if your CV doesn’t tell the employer how good you are, how will they know? With limited work experience, graduate employers look for more on your CV than just your excellent academic achievement. Highlighting your relevant soft skills, personal values and attributes will help.”