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Recruitment 'ongoing' despite credit crunch

Published: Tuesday, 27 May 2008   Category: Graduate Job sector Reports

Firms are continuing to hire graduates despite the ongoing economic downturn, according to one recruitment expert.

Elspeth Farrar, communications director at the Association of Graduate Careers advisory services, said companies were continuing to take on new employees to avoid a potential skills shortage in the future, reports Onrec.com.

The remarks may ease the concerns of graduates, who have recently been hit by reports of job losses and employers adopting conservative approaches towards recruitment in wake of the credit crunch.

Ms Farrar said students are "still getting jobs" and companies are "still recruiting", although she added that in certain areas "there is slightly more competition for places".

An independent survey of leading UK employers and graduates recently suggested the number of vacancies anticipated for graduates entering into graduate level jobs would increase by 16.4 per cent this year, despite economic concerns.

The Association of Graduate Recruiters Winter Review 2008 also claimed salaries for entrants would increase by around 2.1 per cent, raising the median salary for graduates to £24,000

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