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Graduate Internship Scheme
The Government has revealed plans to ease the burden for 300,000 graduates seeking permanent roles in a shrinking employment market. The detailed plan is to be announced shortly but the essence is that the internships would last for three months. The aim is to give graduates a first taste of employment and the opportunity to at least improve participants' skills and experience. In some cases this might lead to full-time work. It is envisaged that Interns will be paid at a rate only slightly higher than undergraduates' income from grants and loans and so far, two major names (Barclays and Microsoft) are expected to take part.
For employers, the challenge in a market with oversupply in all recruitment areas, but particularly in graduate applicants, will be to run effective sifting and candidate management systems so that an increased number of applications can be filtered and managed more cost-effectively. Engage Graduate has been specifically developed as a cost-effective solution to help clients deal effectively with this challenge, incorporating a high level of automated/online filtering, bulk and flexible communications (email/SMS) plus extensive management information reporting.