Value of University Degrees in Decline for Small Businesses

Survey reveals that small businesses are worried about youth workforce with 54% blaming government and education 75% of small businesses believe degrees have less value than 10 years ago, according the latest survey conducted by Sandler Training. As current graduates enter the UK job market, the shift in attitude presents a growing concern for jobseekers as 58% of the private sector workforce are currently employed by the small business community. In addition, although currently graduates and apprentices are almost equal in hiring appeal among small businesses, those surveyed predict that in five years they will be hiring 20% more apprentices but only 7% more graduates. The survey also revealed that 83% of business owners are worried about youth employment, especially as unemployment rates... »

Record Levels of Entrepreneurship in English Universities

A survey of enterprise and entrepreneurship in English universities has been published by the National Council for Graduate Entrepreneurship (NCGE). With a 92% response rate the survey of 126 institutions represents 1.8million students. The results are compared with those from the last survey which was carried out in 2007. This bi-annual survey by NCGE shows that since 2007: Higher Education Institutions (HEIs) have become more enterprising with most institutions now committed to it through their mission statements The student engagement rate in enterprise and entrepreneurship has risen by nearly 50% The level of start-ups has increased to an average of 28 per HEI, representing an increase of 27% These results were achieved despite the fact that there was no additional public funding for t... »

SMEs don’t want to Recruit Graduates

Three out of ten small firms are planning to recruit in the next six months, but just five per cent of fresh faces are likely to be university leavers, research by business software firm Sage has found. In its monthly Omnibus survey of 1,500 small businesses, Sage found that confidence in the sector is expanding, with 40% of small businesses forecasting growth in the second half of 2010. But few firms are looking to new graduates to fill their human resources needs, preferring instead to go for people who already have work experience. “It’s understandable because there are an awful lot of very skilled people out of work due to the recession,” said Darren Simmons, managing director of Remarkable Recruitment. “It’s very much a client-driven market, in which firms have their pick of good cand... »

Graduates Choose Self-employment

Almost a quarter of students graduating this year and in 2011 are making plans to set up their own business, research from insurance firm Hiscox has revealed. The poll of 1,000 students carried out in June 2010 found that 32% already have a business idea and are making plans for it to become a reality. It also highlighted that one in three were considering working for themselves due to the current shortage of jobs. “There is evidence to suggest that the slowdown in the post-recession job market has been a driver for graduates to start their own business,” said Hiscox SME expert, John Heaney. “This is unsurprising considering nearly two-thirds of the students we surveyed were concerned that they might not be able to secure a job post university, and almost a third believed that there are ju... »

Three-quarters of Firms Rejecting 2:2 Graduates

Three-quarters of businesses are dealing with the high numbers of graduate job applications they receive by binning any who don’t have a 2:1 degree or higher, research from the Association of Graduate Recruiters (AGR) has found. According to the AGR’s survey of 200 businesses of all sizes, 78% filtered out those who have not received at least a 2:1 when recruiting graduates between October 2009 and June 2010. The previous year, only 67% of employers said they would sift CVs based on whether they had a 2:1. The survey also highlighted that there are more graduates going for fewer jobs — with vacancies down by seven per cent. “Recruiters are under intense pressure this year dealing with a huge number of applications from graduates for a diminishing pool of jobs,” said AGR chief e... »

Grads pay for themselves in 20 months

Grads pay for themselves in 20 months

The costs involved in recruiting and training a graduate are typically recovered within less than two years, research from Lancaster University Management School has found. The study revealed that businesses can expect to see financial returns from new graduates after 20 months of employment. It also found that a typical graduate recruitment training programme will generate a return of £5.30 for every £1 invested after three years. Figures are based on the ratio between the cost of investment in a graduate and how much a graduate “earns” for a business. According to author of the study, Lancaster University’s Dr Anthony Hesketh, the results challenge the decision by some firms to stop graduate recruitment schemes or not hire at all, because of upfront costs. &... »