Accountancy firm KPMG is the latest in a line of forward-thinking businesses to have adapted their graduate recruitment process to cater for the latest generation entering the job market.
Having grown up in a world where interactions with technology are instantaneous, millennial job hunters (those born between 1980-2000), have previously shown a frustration with lengthy recruitment processes.
Rather than conducting three separate assessments over several weeks, KPMG will now combine the process into just one day.
The change will mean that applicants will find out if they have got a job within just two working days.
KPMG are not the first organisation to be seen adapting their methods for their future workforce...
In an attempt to attract a broader range of talent, Goldman Sachs has recently opted for video interviews over the traditional face to face interview. This came after adaptations were made last year when Teach First and Deloitte removed names from application forms in an attempt to stop what is known as ‘unconscious bias’.
However, according to a survey conducted among 400 of this summer's new graduates, the biggest complaint candidates had was around not receiving any feedback if they were unsuccessful in securing a role.
This is certainly the next challenge that needs to be overcome. Why?
Today’s graduates are consistently searching for new ways to learn and grow, both professionally and personally. Not hearing back from employers after an interview or assessment centre can be quite frustrating for them and could change their perception of your business. At a time when employer brand is so important in competing for graduate talent, providing feedback is perhaps the next challenge that larger companies need to overcome?
Larger organisations have a lot to compete with now that numerous start-ups and SMEs are providing a faster recruitment process and giving feedback along the way.
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Poor retention High recruitment costs Skills gaps Stagnating business growth You need to recruit the right people to grow your business. Looking to the future, it is widely acknowledged that graduates are incredibly important in the workforce and it’s predicted that by 2020 50% of the UK workforce will be Millennials and 24% Generation Zers. […]