One in Three Graduates Have Claimed Jobseeker AllowanceBy Totaljobs.com, PRNE
Tuesday, February 1, 2011
43% of Graduates Believe That University Has not Prepared Them for the World of Work
LONDON, February 2, 2011 - More than one third of graduates (38%) have claimed jobseekers
allowance since leaving university and of these, 37% have done so for longer
than six months, according to new research from totaljobs.com.
The survey of recent graduates revealed that many have a
distinct lack of confidence in their education, with almost half (44%)
stating they did not believe their university education had equipped them for
the world of work, with a similar percentage (43%) stating that they would
not have chosen the same course, knowing what they know now. As a result of
this graduate dissatisfaction and the position they find themselves in after
finishing their studies, a quarter (24%) would not recommend Higher Education
to those currently studying for their A-Levels.
The reluctance by a large minority of graduates to recommend
university stems from the difficulty in finding graduate jobs (
www.totaljobs.com/Graduate/), low confidence and a realisation that
they are not going to make the sort of wage they expected to when they
started university. Indeed, student wage expectations dramatically drop on
graduation, with 58% of graduates believing they will earn less than
GBP20,000 per annum. This view is contrasted with those still at university,
of which 73% believe they can earn over GBP20,000.
Mike Fetters, graduate director at totaljobs.com:
"The reality is that as a country we haven't been very good at
creating graduates that are specialised in areas that employers are
demanding. The economic downturn exposed this brutally in the form of high
graduate unemployment. The only benefit that we can see in the disappointing
decision to, in effect, triple fees is that it may focus the minds of those
wishing to go to university on which skills are most in demand in the jobs
market which degree will best enable them to pay off debts most swiftly and
create more focus on their chosen career direction."
With only 56% of respondents utilising their careers service
and only 40% of those finding it useful, the research uncovers a gap which
needs to be filled by employers and universities working collaboratively to
better the services offered to final-year students.
Mike Fetters continues: "It isn't just students that need to
adapt their behaviour; there are also roles for universities and business.
Universities must look to offer more courses aligned to the jobs market and
incentivise them if necessary. In turn, businesses should engage with the
education sector to ensure that the skills they need are incorporated into
Graduate jobseekers are willing to be more flexible than ever
in both the sector they work in and their willingness to move to secure a job
(www.totaljobs.com/). Nearly half (48%) would work in either public or
private sector. Three quarters are willing to move for work, a figure that
rose to 91% for those yet to graduate. 39% of these were willing to move
abroad and 34% would move anywhere in the UK. There is also an understanding
that more experience is needed, with half of those polled believing they will
have to do unpaid work experience or internships to secure a job.
Notes to editors
Totaljobs.com is one of the UK's leading jobs websites, attracting over
2.7 million jobseekers every month on the hunt for one of 90,000 live
vacancies the site carries at any one time. All of this activity generates
over 1.5 million applications a month, cementing Totaljobs.com's strong
reputation among recruiters and jobseekers alike. Thousands of recruiters
from multinationals to smaller regionally based businesses, recruitment
consultants and advertising agencies recruit through totaljobs.com.
Caterina Masso, Caterina.Masso at totaljobs.com , +44(0)2075-724-207
Tags: February 2, London, Totaljobs.com, United Kingdom