There are now twice as many jobs available in UK as at the same point a year ago, according to new data.
The UK Job Market Report from Adzuna has revealed there are currently two job openings to every jobseeker. The ratio of those seeking work to available vacancies has fallen to 0.54 this year, a massive difference to last year’s October 2014 figures, which came in at 0.95.
This is great news for graduates as there is now less competition in the marketplace and more job opportunities available.
It’s certainly the season to be jolly for jobseekers as festive jobs are also on the rise. Research in October revealed an increase of 4.3% in job openings when compared to September – the fastest month-on-month rise since June 2013. Customer service roles are growing the quickest in both size and salary. There are now 44% more available positions available today than there was a year ago, with salaries rising by 4%.
Co-founder of Adzuna, Doug Monro, suggested that customer service roles have been underpaid for a period of time, although he stated that the new National Living Wage should benefit workers in the sector most.
There is also greater flexibility surrounding many of job positions available, offering a wider range of options for those wishing to travel or sign up to work experience post graduating. Both part-time and temporary options can act as a lifeline to individuals wishing to increase their income.
The Right Skills
However, having the right skills remains essential, according to Mr Munro. “Twice as many jobs should mean twice as many choices for jobseekers – but this is only true for those with the right skills,” he said.
Making efforts to boost skill sets should therefore be a priority for graduates as the New Year approaches, as having a wider range of skills can open up even greater opportunities.
If you’re looking for your next graduate role, speak to Discovery Graduates today.
Covid put a lot of things on the backburner for businesses – one of these things was graduate recruitment. If you want to recruit graduates this year but haven’t got round to it yet, it’s time to put the wheels in motion! Trends in the market suggest that organisations need to kick off their graduate […]
Author: Jonathan Evans, CEO, Discovery In a matter of weeks, our next tranche of graduates leave university for the last time with, what should be, the excited anticipation of entering the workforce and starting their careers, but this year it is very different. If the last few weeks have taught us anything it is to expect the […]
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. […]