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Credit crunch could affect graduate recruitment
Wednesday, 06 February 2008
Graduate Job sector Reports
The global credit crunch could have a detrimental effect on graduate recruitment in the UK, recent research has shown.
The research by Wikijob has shown that the current strife in the economy could result in companies implementing cost cutting strategies which could include graduate recruitment, reports Onrec.
This comes in the wake of many companies being dissatisfied with their end-of -year-bonuses and the continuing economic slowdown will likely see measure taken to limit this, says the report.
Whereas large global firms such as PricewaterhouseCoopers and Deloitte routinely take on over a thousand graduates every year, it's thought this figure could be substantially reduced in the coming year.
Graduate recruitment would be one of the sacrifices that larger companies would be willing to take to save money, as opposed to more radical measures such as redundancies and reducing investments, according to the report.
Elsewhere, the credit crunch is beginning to affect mortgage lenders as they become increasingly concerned over falling house prices, reports the Introducer Today.