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BBC Wales reporter Beth Alaw Williams highlights the increasing competition for graduate jobs as more big UK firms are reducing the number of places on graduate schemes. While the job market may seem daunting for many university graduates, it is recommended that they explore local job opportunities to kickstart their careers. Official figures show that nearly 950,000 people graduated from universities last year, but some have faced challenges in securing their desired roles after leaving education.
The Institute of Student Employers has reported a 15% rise in applications for graduate jobs, with major companies like Deloitte and KPMG scaling back their graduate schemes. As a result, Reed, a prominent recruiter, has seen a 70% decrease in the number of graduate roles advertised compared to two years ago. The UK government projects that the workforce will require an additional 11 million graduates by 2035, emphasizing the importance of building a competitive skill set to stand out in the job market.
One graduate shared her experience of applying for 647 jobs before landing one, highlighting the persistence required in the current job climate. Companies like Grant Thornton have shifted their recruitment processes to fill positions earlier in the year, accelerating the hiring timeline for new graduates. Additionally, regional companies are facing a “skills shortage” in certain sectors due to a lack of qualified applicants, leading to difficulties in recruiting professionals like finance specialists.
Despite the challenges, recruitment experts suggest that graduates should broaden their job search beyond well-known multinational firms to include smaller regional companies that offer unique opportunities for growth and development. Career events and job exhibitions serve as platforms to connect graduates with companies seeking to fill professional roles, showcasing the diverse range of opportunities available in various industries. As the job market evolves, graduates are encouraged to consider the potential for growth and impact within different sectors, recognizing the value of investing in early talent development.
Through insights from individuals like Neave Davies and Jack Little, who have found fulfilling roles in their local communities, it becomes evident that meaningful work can be found by aligning personal interests with professional opportunities. By leveraging local connections and utilizing specialized skill sets, graduates can make valuable contributions to their communities while advancing their careers in rewarding fields like construction and engineering
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