Entry-level job vacancies set to slow in 2020
The number of entry-level jobs being created this year is set to grow at its lowest rate since 2016, according to a new report.
Employers are expected to increase their graduate job vacancies in 2020 but by just three per cent, which is down significantly from the 18 per cent rise predicted at the start of 2019.
The stats from The Institute of Student Employers (ISE)'s Pulse Survey also found that employers typically failed to fill around three per cent of their graduate roles, indicating there may not be any growth in such recruitment at all this year.
Three quarters of employers (74 per cent) said that it was no easier or more difficult to find graduates now than in previous years.
Speaking about the findings, Stephen Isherwood, Chief Executive at the ISE, said: "The graduate jobs market is an early indicator of the health of the economy as employers tend to plan further ahead when deciding their graduate recruitment needs. What we're seeing now is particularly concerning as employers are normally over-optimistic at this time of the year. As we move through the recruitment season, they typically recruit less than they had anticipated.
"Outside the public sector the market is not looking particularly healthy. The government needs to get the economy moving otherwise this year we'll be in for a stagnant graduate labour market at best."
He added that if the government wants to create a heathier apprentice market, it needs to address the concerns of businesses regarding how the apprenticeship levy works.
Elsewhere, research released last month by the CIPD found that only 51 per cent of workers think they are paid adequately for their job.
In addition, 34 per cent think everyone in their company is paid fairly and just 20 per cent say their Chief Executive Officer's salary is "about right".
By Owen Mckeon