In addition to last year’s unfilled vacancies and last minute job offer rejections, graduate employers are facing a new problem – holding on to their graduate hires after completion of their initial training period.
The Association of Graduate Recruiters (AGR) revealed that 16% of graduates leave within the first two years of employment, an increase of 9% compared to last year. Financial services was the only sector to record a small (1%) increase in graduate retention levels. Replacing a departing graduate hire is becoming more difficult too. According to data from Adzuna, the graduate sector is in the top five for skills shortage as 7.4% of graduate vacancies remain open after 90 days.