Graduate recruitment could fall by as much as 50% by 2020 as technology removes the need for entry level jobs, according to the Financial Times. The ‘big four’ accountancy firms, E&Y, Deloitte, PwC and KPMG are automating entry level jobs that would typically be carried out by graduates, suggesting that artificial intelligence may spell the end of graduate recruitment. But for many employers, this is just one of several challenges related to graduates and their employability.
The issues facing graduate employers go beyond automation to include the following:-
Employability of graduates : The government’s latest whitepaper, Success As A Knowledge Economy, highlights the problem of employability among graduates and coincided with calls to improve job prospects for STEM students. Half a million additional workers will be needed in the digital sector by 2020, yet the level of unemployment among computer science graduates stands at 11.7%.