Recruitment has returned to growth following an early spring slump and a
December 2011 nadir, according to the latest jobs data from APSCo. According to the latest data, permanent placements rose sharply by 17% month on
month and vacancies rose 19% (m/m). Job placements and vacancies are
respectively 34% and 35% up on December 2011’s lows. Not so good news for graudates that are being squeezed. Graduate starting salaries are down as employers benefit
from the high number of graduates chasing every role. Data compiled by
Broadbean shows that average graduate
salaries have plummeted 20.5% from this time last year to £24,070. Ann
Swain, APSCO, adds: “Graduates have been hit hard by reduced graduate recruitment by the
professions, which continues to squeeze starting salaries for those graduates
lucky enough to break their way into the professions.” “With
professional recruitment showing signs of improvement, it could be that graduate
intakes also start to recover during this summer’s graduate recruitment
season.”
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