Flint Bishop

War for top graduate talent heating up

Pictured above: Lucy Cheatham, Marketing Director for Grad Central

 

According to a local graduate recruitment specialist, the latest Office for National Statistics (ONS) figures that revealed UK unemployment has hit a 17-year high does not paint a true reflection of the graduate jobs market in the West Midlands.

Grad Central say the war for graduate talent has never been fought more aggressively, with strong candidates often being battled over by numerous prospective employers across a spectrum of industries.

Lucy Cheatham, Marketing Director at Grad Central, commented: "In the current climate, there's no doubt that recruitment agencies and internal HR departments are being inundated with candidates. However, from our experience, top talent are not struggling to find roles. In the majority of cases, good candidates are balancing multiple offers, putting them in pole position to choose which company they want to work for. 

"For those businesses looking to take on the best graduates, it is therefore essential they get their recruitment strategy right. With more applicants per role than ever before, the screening and referencing process is critical. Employers need to act decisively, identify their chosen candidate or candidates effectively and get them off the market sooner rather than later.

"Unfortunately though, there is some complacency. Major hurdles are the time and resources businesses have to dedicate to search for the talent they need. However, the risk of missing your chosen candidate and having to compromise will only make this worse.  With clearly defined recruitment goals, businesses will be better placed to combat this."

To help businesses implement a more effective recruitment strategy, Grad Central has put together its top tips for a successful recruitment campaign:

• Have a clear plan; closing date for CV's, confirmed interview slots, confirmed second interview slots, maximum budget in place and agreed.

• Revisit your job descriptions; make sure your standard job specs are still fit for purpose, evaluate how the business has evolved since you last recruited and consider which skills are key - if time permits start with a blank piece of paper and build your job profile again.

• Have a clearly defined sourcing strategy; depending on the urgency of the role make use of your free channels first and ONLY use agencies if you are sure that the role can't be sourced internally or from existing networks. Make the sourcing strategy multi-phased and only move through the stages if you really need to - don't leave candidates waiting!

• If you are using agencies, ensure they have as much information as possible, they can't do a great job with one arm tied behind their backs - so be clear, open and honest - as you would expect them to be with you.

For further information or to register your details with Grad Central, visit www.grad-central.co.uk or phone 01675 461500.

 

 

 

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Article published by Midlands Business News on 13 April, 2011

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Articles submitted by Grad Central:



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  • Grad Central offers local companies funding to invest in region’s graduate talent - click to read
  • Grad Central inspires class of 2010 with Job prospects - Optimistic outlook for West Midlands - click to read
  • Graduates get wise on the web with Midlands based Grad Central - click to read
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