With stiff competition and the number of drop outs on the rise we need to do more to nurture and engage entry level talent.
It might all sound doom and gloom around graduate recruitment at the moment, but one thing remains consistent: competition is stiff and the number of offers compared to the numbers of applications are just tiny percentages. Out of almost 375,000 UK applications scrutinised by WCN and Universum, only 3% received an offer compared to two-thirds who were screened out early on. Perhaps even more alarming is the high numbers of candidates who opt to drop out of the application process. The numbers of candidates withdrawing, declining and reneging combined equates to firms missing out on 18% of talent in the UK, signalling a stronger need for nurturing and engagement.