The Graduate Employment Market and Emerging Trends
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Added on 2023/06/11
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This report evaluates the statistical information of graduate employment in the retail industry, including the analysis of required soft skills. It also provides recommendations for Ken Murphy (CEO of Tesco) on recruitment strategies.
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The graduate employment market and emerging trends
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Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 graduate employment market statistic........................................................................................3 Analysis of graduate soft skills required.....................................................................................3 CONCLUSION................................................................................................................................4 Recommendation for Ken Murphy (CEO of Tesco) on recruitment..........................................4 REFERENCES................................................................................................................................6
INTRODUCTION The retail industry in the UK include around 300,000 businesses. In addition to this the mentioned industry employees around 3 million of jobs which is of 8% of overall jobs of UK. In regard to this the job opportunity in the mentioned industry is relatively high. The respected industry offers the jobs and placement to graduates also. In addition to this, the mentioned report will evaluate the statistical information of graduate employment on he context of the retail industry (THE UK RETAIL INDUSTRY, 2022). Moreover, an analysis of skills that required in performing the effective functions will also evaluate. At last some recommendation will be offer to CEO of Tesco in regard to the recruitment strategy. MAIN BODY graduate employment market statistic According to the fact and figure from government of UK official site the graduate employment rate is around 86.4% which is slightly down from by 1.1 percent point in compare to 2019 (87.5%). in addition to this around 66% of graduates were indulged in high skilled employment. The average salary that graduates get from the industry is around 35000 euro in 2020 (Graduate labour market statistics, 2021). Analysis of graduate soft skills required Soft skills plays vital role as on the hard skills. As the above statistics clearly showed that the vast number of graduates have the hard skill that assist them in order to perform the effective functions in the operational market. Moreover, the market requirement is rapidly changing, in which organisations in retail industry are focusing on soft skills in an employee as well. Some of the soft skills which highly required in the mentioned industry are Communication skills, aptitude for customer facing roles, performance under pressure, teamwork skills etc. these skills are highly in the demand. Recruiter mainly preferring the individuals who have indulged with these soft skills. Below are the brief discussion of some of them skills. Communication skills-According to Rosie, (2021)communication skills are one of the most reliable assets in the retail industry as mainly working in the retail industry are customer centric. Therefore, companies looking for the ideal candidate that have the strong communication skills, as they are the face of the company. Moreover, they need to communicate with buyer, greet with the customer and form t he effective relationship
bond to make them loyal customer. Hence, it is necessary to have such skill in the 21st century. Teamwork skills-A positive work experiences is being when with the indulge with effective teamwork performance. In addition to this the mentioned industry have the lot of multitasking work such as managing the stock, managing the customer relation, advertising the brand products and many more. All these practises when performed in a sink assist the organisation to attain their developed task. Therefore, an individual need to have such teamwork skill to perform the organisation task together in order to attain t he derived goals timely. Creativity-In the UK economy there are large number of retail business that offer their services in the particular field. Hence, in order to get the comparative advantage organisation are relying on creative approaches in their business operations. Therefore, organisations mainly hiring those candidates that have the ability to develop creative practises in order to perform any derived task. Therefore, recruiter prioritise those candidates which have such mentioned soft skills in their personality. Resistance to stress and conflicts-To performing in the mentioned industry is not an easy task. As the retail industry indulged with multitasking as well as the conflicts in the job role is common. In regard to this, the demand for employees that have the skills to deal with stress and conflicts are the first priority. Therefore, such skill assist the individual to better handle the complex situation as well as support the organisation functions by better result(8 Essential Skills for Retail Employees & How to Assess Them, 2021). CONCLUSION From the analysis of above report it is analysed that the vast number graduates are highly skilled and employedby the retail industry with a attractive salary. Moreover the mentioned report also discussed the soft skilled such as creativity, communication skill etc. which is highly in demand in the retail industry. Recommendation for Ken Murphy (CEO of Tesco) on recruitment Tesco which is a renowned name in the retail industry have the vast number employee in their operational functions of around 336,392. moreover the mentioned company also deployed
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the graduate scheme by 25% to intake the graduates. In addition to cater the high calibre of graduates towards the organisation function below are the some recommendation that can be adopt by the organisation. Offer competitive packages- By offering the attractive salary packages the mentioned organisation can easily attract th highly skilled graduates to their business functions.It assist the organisation in order to get the more potential customer in their job roles, as well as offer the option to select the ideal candidate from large number of Cvs according to their suitability. Professional development plan-All the new graduates who looking for the job give the first preferences to those companies that can offer them growth opportunity and training programs to sharpen their existing skills. Hence, by the development of effective processional development plan the respected organisation can attract the right pool of talent. Therefore, they could deploy effective training sessions, professional growth opportunities such as appraisal. Focus on social media-By the use of social media marketing tool the mentioned business can appeal the large number of graduates candidate for their organisation functions. In addition to this in the modern era people mainly search for tier jobs on social media channels. Hence, by performing such activity, the mentioned business can target the prospective audiences for their functions.(6 Proven Recruiting Strategies to Attract New Graduates, 2022).
REFERENCES Books and Journals online THE UK RETAIL INDUSTRY, 2022. [Online] available through:<https://brc.org.uk/climate- roadmap/section-1-context/12-the-uk-retail-industry/#:~:text=The%20retail%20industry %20in%20the,were%20worth%20%C2%A3439%20billion.> Graduate labour market statistics, 2021. [Online] available through: <https://explore-education- statistics.service.gov.uk/find-statistics/graduate-labour-markets> 8 Essential Skills for Retail Employees & How to Assess Them, 2021.[Online] available through:<https://harver.com/blog/skills-needed-retail-employees/> 6ProvenRecruitingStrategiestoAttractNewGraduates,2022.[Online]available through:<https://www.hackerrank.com/blog/proven-recruiting-strategies-to-attract-new- graduates/>