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July 2013
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Daily Archives: July 2, 2013

Two Perspectives on Graduate Jobs and Career Prospects

Posted by: Alex Linley, Director, Capp

 

Two recent articles on the outlook for graduate jobs and career prospects caught my eye, for different reasons.

 

Yesterday, the BBC News website covered the latest High Fliers research, suggesting that graduate vacancies are at a 5-year high, with 4.6% more jobs for new graduates than in 2012, according to the 100 ‘leading graduate employers’ in the UK. With this trend set to continue next year, the High Fliers research suggests a lot of good news for the Class of 2013 and the Class of 2014.

 

An article in The Sunday Times (30 June 2013), however, ‘Graduate jobs go to rivals from overseas’, painted a slightly different picture. According to the article, one third of graduate jobs in London are held by people born overseas. Whether this is reflective of globalization trends and multinational businesses or economic migration from struggling economies, it is clear that London is a magnet attracting international graduate talent.

 

What can new graduates learn from this?

 

First, it’s critical to recognise that we are now operating in a truly global marketplace. A couple of weeks back, I was delivering a client engagement in Bangkok, Thailand, for the top talent of a UK-headquartered company. Of the 25 or so delegates on the programme, not one of them was from the UK. Instead, they were drawn from across Asia, Africa and the Middle East.

 

Second, in this global marketplace, having a global mindset is essential for sustainable success. One of the big attractions of graduates who come to London from overseas is that they are very likely to speak at least two languages and to have experience of at least two different cultures.

 

This makes them geographically mobile and far more likely to want to pursue an international career. This is a very attractive combination for global companies requiring globally mobile managers and leaders.  Indeed, my co-facilitator was Italian, had lived and worked extensively in the UK, and was now based in Singapore. A perfect example of global mobility.

 

Overall, it’s great to see graduate recruitment numbers increasing, but we should also be clear that there is no room for complacency. We are in a global competition to attract, develop, retain and harness the best talent – from wherever that talent originates.

 

As a result, British graduates will need to work hard to develop the global mindset that their international colleagues bring with them more naturally as they move to London. In doing so, they’ll harvest richer perspectives that enhance them, their organisations, and our society as a whole. Welcome to the global village.

 

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