An increase in reputation
More than four-fifths of the country’s top graduate Employers offered paid work experience programmes for university students during the 2018/19 academic year. When we talk about ‘top graduate Employers’ we mean the companies chosen by students to feature in The Times Top 100 Graduate Employers list. It’s clear that there’s a correlation between offering placement opportunities and gaining a reputation as a desirable place to work. These organisations, which include the likes of Accenture, Deloitte, Bloomberg and Dyson, are demonstrating a commitment to the next generation of workers, and as a result, they’re attracting the best graduates.
Solving the skills shortage
New research from the British Chambers of Commerce shows that businesses are struggling to recruit for the skills they need. Out of the 1,100 companies surveyed, half of these said that it takes longer to recruit people compared to five years ago. In a separate study of UK business leaders, 39 per cent of respondents also said that young people applying for jobs don’t have enough experience of the workplace. If you’re finding it challenging to recruit for entry-level positions, why not consider hiring an apprentice or creating your own training program? By doing so, you’ll be able to make sure your recruits learn exactly what they need in order to succeed.
A faster, more effective hiring process
When you commit to regular work experience placements, you’ll find that your hiring process benefits. By interviewing Candidates who have spent time within your organisation, you’ll already have a good idea of their capabilities and whether they’re a good cultural fit. These applicants have demonstrated an interest in your business and they’ve spent time with your team, which means that they’ll also have a better idea of what the job entails. Businesses who invest in work experience will see a higher success rate at the interview stage because they’ve already started to build a relationship with Candidates.
If you’re failing to attract a diverse range of Candidates, you could be missing out on potential talent pools. Take this as an example: There are currently 3.7 million people of working age who have a disability and a job, but a survey by charity Leonard Cheshire suggests that many experience difficulties in finding work. In fact, 30 per cent of people questioned in their survey said that they didn’t feel as though they were taken seriously as a Candidate. Companies with a diverse workforce often outperform their competitors, so introducing a work experience programme – which is open to all – is a great way to encourage this, bringing many benefits for you and your talent pipeline.
Consider older workers too
Work experience is typically associated with students or graduates, however, this doesn’t need to be the case. After all, it’s important to build a talent pipeline for all positions within your business – not just at entry level. In a changing employment market, switching careers has become more common and many people are working longer before retiring. Government data shows that an increasing number of workers over the age of 50 are benefitting from work experience. It seems that Employees are open to placement opportunities at many different stages of life, which is great news for Employers as these workers bring with them a wealth of skills and experience.
Over the last 20 years, we have grown as a business to become one of the leading independent recruitment agencies in Oxfordshire, and in 2018 have opened our first London office, to service Clients in the capital.
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