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Businesses look overseas to fill graduate skills gap
Friday, 16 November 2007
Life after graduation
London businesses are increasingly looking overseas to fill a growing graduate skills gap, according to a new survey.
The latest CBI-KPMG London Business Survey revealed two out of three firms based in the capital expect to suffer from skills shortages in the next six months, with 58 per cent of companies already suffering from a lack of suitable candidates for positions.
Of those looking overseas, the figures indicated that 83 per cent of the positions were higher level roles based in the graduate recruitment market.
John Cridland, CBI deputy director general, said: "When it comes to graduates there is far more choice, but many employers are choosing foreign graduates over British applicants because they are of a higher quality and are more employable.
"British graduates are competing in the job market with a topslice of talent from overseas universities. To remain attractive to employers UK graduates need better careers advice and stronger employability skills in areas like team-working and communication," he added.
Elsewhere in the survey, 68 per cent of employers stated their demand for candidates to follow graduate careers was set to rise.