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Firms 'should keep offering graduate jobs'
Wednesday, 24 September 2008
The current economic downturn does not necessarily mean their will be fewer graduate jobs on offer, it appears.
According to advice in the Times, while they should concentrate on weathering the current crisis, companies must also plan for what comes after it.
Speaking to the newspaper, Michael Garstka, a partner at Bain and Company, a global business consulting firm, warns companies that decide to downsize graduate recruitment plans could find they suffer from a shortage of talent further down the line.
"Freezing graduate recruitment now will lead to a shortage of good managers in three to five years time," he states.
Recently, Charlie Ball, deputy director of research at the Higher Education Careers Service Unit, claimed the current financial turmoil could be good news for those looking for graduate jobs in accounting.
He explained that such skills will be in great demand as firms look to balance their books or merge with other companies in order to survive the downturn.