Check out this great infographic. Lot’s of great tips!
Credit to the guys at Top Counseling Schools.
Employers are struggling to fill entry-level vacancies, despite the fact that there are 75 million unemployed young people worldwide, Diana Farrell, director of McKinsey Global Institute told CNBC.
A new survey conducted by the group says employers struggle with a lack of skills among graduates of academic and vocational courses,particularly for medium and high-skilled jobs, such as teaching and medicine.
‘The gap is tremendous. It’s a real tragedy’, Farrell said.
The shortage of workers in skilled jobs could reach 85 million by 2020, according to McKinsey report. The company defines youth as individuals between 15 and 29 years old.
The survey revealed that just 42% of employers believed young people were adequately skilled.
Farrell said the education to employment system was not working properly and the mismatch between education providers and industry requirements was rendering young people unemployable.
The McKinsey study conducted among 8,000 participants in nine countries revealed half of young people are not sure their postsecondary education improved their chances of finding a job, with the U.K. at a low of 40% and Saudi Arabia at 60%, though local Saudi graduates are guaranteed a public sector job in the country.
‘This is quite low considering how much money is spent on education’, Farrell said.
She said the most successful were those employers who spent time with young people before they finished school, with some kind of on-the-job training or exposure to the kind of work they do.
Writing by Tanya Ashreena, special to CNBC.com
Now in its fifteenth year, The Times Top 100 Graduate Employers is the definitive guide to Britain’s most respected and sought–after graduate employers.
The new Top 100 rankings have been compiled from face-to-face interviews
with 17,737 graduates, who left UK universities in the summer of 2012,
who were asked the open-ended question “Which employer do you
think offers the best opportunities for graduates?”.
Last year’s position is in (brackets).
1 (1) PwC
2 (2) Deloitte
3 (3) KPMG
4 (7) Teach First
5 (4) Aldi
6 (5) NHS
7 (8) Civil Service
8 (10) Ernst & Young
9 (6) BBC
10 (11) John Lewis Partnership
11 (9) Accenture
12 (20) Tesco
13 (12) HSBC
14 (21) Google
15 (13) Goldman Sachs
16 (14) Barclays
17 (16) BP
18 (15) GlaxoSmithKline
19 (24) Unilever
20 (23) J.P. Morgan
21 (18) P & G
22 (17) RBS
23 (22) Army
24 (19) IBM
25 (26) Rolls-Royce
26 (60) Jaguar Land Rover
27 (53) Apple
28 (27) M & S
29 (28) Barclays Inv Bank
30 (25) L’Oréal
31 (29) Allen & Overy
32 (38) Lidl
33 (48) Microsoft
34 (34) Morgan Stanley
35 (31) Shell
36 (30) BAE Systems
37 (37) Arup
38 (32) Lloyds Banking Group
39 (33) Sainsbury’s
40 (35) McKinsey & Company
41 (41) >Sky
42 (50) WPP
43 (42) Linklaters
44 (59) Citi
45 (36) Clifford Chance
46 (45) BT
47 (91) Nestlé
48 (55) Deutsche Bank
49 (44) Slaughter and May
50 (54) MI5
51 (52) Network Rail
52 (57) Freshfields
53 (61) Atkins
54 (56) Credit Suisse
55 (71) McDonald’s
56 (New) European Commission
57 (67) Bain & Company
58 (75) Co-operative Group
59 (64) DLA Piper
60 (40) Mars
61 (46) UBS
62 (89) Santander
63 (62) Boots
64 (79) Asda
65 (77) Boston Consulting
66 (98) nucleargraduates
67 (74) Bank of America
68 (80) Bloomberg
69 (43) Centrica
70 (49) Local Government
71 (51) Arcadia Group
72 (65) Royal Navy
73 (70) Herbert Smith
74 (72) Foreign Office
75 (90) Penguin
76 (39) Cancer Research UK
77 (47) ExxonMobil
78 (New) British Airways
79 (68) Police
80 (New) Towers Watson
81 (58) Saatchi & Saatchi
82 (78) Transport for London
83 (84) Diageo
84 (95) National Grid
85 (New) Norton Rose
86 (63) Oxfam
87 (73) Airbus
88 (81) Grant Thornton
89 (88) Savills
90 (New) GE
91 (87) E.ON
92 (New) British Sugar
93 (69) RAF
94 (85) Oliver Wyman
95 (New) Lloyd’s
96 (82) EDF Energy
97 (86) Kraft Foods
98 (New) BDO
99 (New) DFID
100 (99) Hogan Lovells
Check out the website here; http://www.top100graduateemployers.com/
Q – How long have you been in the industry, and what is your current job title ?
A – I started in 1996 working on (global) recruitment strategies and execution, spanning numerous countries for leading companies. I prefer to call myself a Recruitment Architect because, as founder of Recruit2 and Recruiter University, I provide companies with recruitment consultancy and talent management solutions and expertise. My mission is helping companies to improve the results of their recruitment efforts.
Recently I launched Refer2, a full service provider for recruitment solutions such as referral campaigns and mobile Apps.
Q – Do you have a mentor and if so who ?
A – I’m very active on social media, managing a group of 100.000 Recruitment Consultants on LinkedIn, and having my own recruitment blog www.GlobalRecruitingRoundtable.com. I still learn every day from the readers feedback and the news that they share.
A – Optimist by nature. Every challenge is an opportunity to learn.
Q – What’s the biggest lesson you have learned in your career to date ?
A – Get the basics right first, before buzzing off to new horizons. A lot of companies think they understand recruitment but do the basic things wrong such as a poorly defined recruiting strategy, no planning, using out-dated practices, weak execution process, or because they don’t measure results (and make continuous improvement). A great hiring process, that has the potential to create the highest financial impact, is relatively simple; all that is lacking is creative recruiting’s leadership.
Q – What’s your favourite business quotation or life motto ?
A – My own favourite business quote: ‘Pray that I never become your competitor’s recruiter’.
Q – What’s the best business book you’ve ever read ?
A – My favourite business book is ‘From To Good Great’ by Jim Collins that aims to describe how companies transition from being average companies to great (financial performing) companies and how companies can fail to make the transition. Since then I’ve made it my goal to help companies from good to great staffing.
Interested to learn more about LinkedIn for finding new work or assignments ? Or want to make best use of this online professional network for recruiting ?
This article has been re-posted, you can read the original article over at Here Is The City
This article has been re-produced. The original author was William Frierson.
Times are tough with the economy all round, but the financial services industry appears to be having a torrid time. Financial scandals coupled with changing business models have wreaked havoc with bottom lines during this prolonged downturn.
And issues like these have resulted in many graduates, who previously were keen to earn big money and work in ‘the City’, deciding that their futures lay elsewhere.
Here’s 5 key reasons why UK graduates are increasingly giving a career in financial services a wide berth:
1. Job security – the economic outlook and regulatory and capital pressures have significantly impacted revenues in this sector. Job security (or the lack of it) is a significant negative factor when considering a career in financial services.
2. Financial reward – where once a career in banking & finance was seen as a quick way to riches and early retirement, this is no longer the case. Political pressure and demands to achieve a better balance between employee reward and shareholder value has meant that compensation ratios have come down (and will fall further).
3. Work / Life Balance – always known as an industry that works employees hard, job insecurity has resulted in employees having to put in even more hours to try and justify their existence. In addition, cuts in headcount increasingly means that workloads have increased for those who remain.
4. Stigma – five years on from the start of the financial crisis, bankers in particular are held in very low regard. Where once a young professional was proud to show off a business card that confirmed he / she worked at a large financial institution, that is no more. Scandal has followed scandal, and there appears to be no let-up.
5. Uncertain environment – with the industry under a microscope like never before, and in the midst of a significant economic downturn fraught with further political uncertainties (the break-up of the Euro, the stability of Greece and other European countries, etc), the future shape of the financial services industry is now in question. Likely to go through significant structural change over the coming years, it is difficult to see how a career in this sector will unfold.
William Frierson is a staff writer for CollegeRecruiter.com, a leading job board for college students who are searching for internships and recent graduates who are hunting for entry-level jobs and other career opportunities
Here is a really useful list of some of the major Financial Services employers currently doing the rounds on campus and a link to their graduate recruitment website. You will soon be able to quickly and easily access this information from within YourJobList.com. Currently we don’t expose the URL for an employers graduate job page, just the main recruitment page.
Bank of America
Bank of New York Mellon
Man Group Plc
Mitsubishi UFJ Securities International
Royal Bank of Scotland
Standard Chartered Bank
Susquehanna International Group
See the full post over at HereIsTheCity.
So you’ve found yourself back in the market of looking for a new job. In order to stay one step ahead of the game and ensure that you’re up to date with the progress of each and every application you make, it is vital that the most time efficient and functional tools be utilised to keep the headache out of job hunting. To be most successful it is recommended that a job application tracking system be implemented to careful monitor your progress throughout this process.
We’ve all experienced the flurry of activity involved in researching, selecting and applying for new jobs. The applications are sent out, we move onto the next job and then we sit and wait for the responses and invitations to interview to come in. Over time, it can become very easy to lose track of where we are with each individual application or even which position links to which company and the specific skills and achievements we’ve relayed to each of them about ourselves.
To avoid embarrassment, particularly when called on the telephone by potential employers, it is essential to have a system in place that allows you to clearly refer to your job application record and identify exactly where you are at any given stage. Some people like to organise themselves by using Microsoft Excel spreadsheets, which is a useful, if not time-consuming tool that allows you to keep your recruitment history organised. However, this method takes a reasonable amount of motivation to set up and complete on an ongoing basis and is only as useful as your commitment to regular data entry.
Thankfully, with the advances in technology and the move towards integrated online systems there is now a new option available to optimize your job hunting potential all in one place. Imagine a system that lists hundreds of jobs from top recruiters across the country, updated daily and covering all industries. No longer do you need to trawl the many different websites of recruitment agencies and top employers to check out the latest job opportunities available. At YourJobList.com everything is provided on one website.
Not only does this save you time and energy in registering and making searches on the different websites but it also ensures that you never miss out on the latest new job posting. Add to this a built-in job tracking device that saves and manages your applications every step of the way and you are well on your way to recruitment tracking heaven. Each position you apply for, no matter through which agency, is logged onto your account, available for you to view at any time and check the progress of your application at any stage. It’s as simple as that.
With this user-friendly job application tracker system in place it becomes easy to set yourself simple goals to maximise your recruitment success. For example, you may decide that you want to apply for four jobs per week, or follow-up on every application two weeks after submission, or send a thank you letter two days after each interview you attend. This virtual tool simplifies the achievement of such goals and is more likely to make your employment dreams become a reality.
Can you afford to not give it a try? Give YourJobList.com a try today, it’s free!