Graduate Employment Market in UK Retail Sector: Statistical Analysis and Required Skills

This report analyzes the graduate employment market in the UK retail sector through statistical analysis and required skills. It highlights the increasing trend of employment opportunities for graduates and the skills required to succeed in the industry. Recommendations for the CEO of TESCO are also included.

Assessment 1

TABLE OF CONTENTS
INTRODUCTION ..........................................................................................................................1
MAIN BODY...................................................................................................................................1
Conducting the statistical analysis..............................................................................................1
Explaining the graduate skills required.......................................................................................3
CONCLUSION................................................................................................................................4
Recommendations.......................................................................................................................4
REFERENCES................................................................................................................................5

INTRODUCTION
Graduate employment market basically shows how effectively recruitment process in
the particular industry is taken according to the emerging trends. In the current era, having the
effective focus on graduate employment market helps in gaining the corrective insights about the
importunities prevailing in the market. The current report will pay attention on retail sector is
rapidly growing in the UK and offering the number of the employment opportunities to
graduate. The present study will focus on having the information regarding industry trends via
conducting statistical analysis and understanding of the graduate skills required. The
recommendations to CEO of TESCO will be included to get the depth information about
highlighted subject matter.
MAIN BODY
Conducting the statistical analysis
Retail is one of the significant sector which is rapidly growing and highly contributing
in the GDP of UK. There are various form of the employment opportunities are offered by the
industry to graduates and post graduate qualification holding people. There are different form of
the skills which are basically required by the graduates in respect to gain jobs in retail sector.
There are several processes which are executed by the companies operating in this industry
which forces it to hire varied personalities possessing graduates in order to accomplish their
organizational objectives in smooth manner.
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On the basis of the above chart it can be mentioned that in UK there is higher level of the
demand over 600 thousand workforce in the retail sector (Workforce jobs in the retail trade
sector in the United Kingdom (UK), 202). There are different places in UK which has the
requirement in mentioned proportion and offers several growth opportunities to graduates in
respect to accomplish their object of having effective career development.
From the above presented statistical information shown in the chart it can be mentioned that thee
is inclining trend in offering the employment opportunities. This is presenting that there are
various opportunities which can be effectively grabbed by students by following the emerging
trends that can aid in achieving success.
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From the evaluation of the above illustrated chart it can be interpreted that there is
increasing trend of employment opportunities for the graduates (Graduate labor market
statistics, 2022). The main reason behind this is that in the year 2019, 2020 and 2021 it is
continuously enhancing which depicts that graduates in the current era can get the effective
ability to grow in the sector. The emerging trends in UK is that there is he 355000 retail jobs
opening and showing the increase as compared to previous time. On the basis of this, it can be
specified that graduate employment rate is 86.7% which is showing increase as compared to
earlier period.
Explaining the graduate skills required
In order to become successful it is important for graduate to focus on having the
effective emphasis on complying with emerging trends in turn accomplishing competitive
position can become possible. There are various form of the skills which are needed in retail
sector by the learners in turn accomplishing roles and responsibilities in precise manner (Osmani
and et.al., 2019.). The set of the skills which is needed by graduate that involves customer
service, effective communication time management, problem solving, active listening, sales
approach knowledge, technical literacy, etc.
The emerging trends in the retail sector for graduates so that effectual processing in
respect to meet organizations needs on effective pattern can become possible. The emerging
trends in the current time of retail sector which involves advanced customer analytics, value add
insights consultancy, bespoke market research and market leading insights tools knowledge
(Ornellas, Falkner and Stålbrandt, 2018). On the basis of this, it can be articulated that for being
successful in the current era via grabbing the effective opportunity of employment offered for
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graduates in concise manner required to possess these set of skills. There is positive manner of
employment opportunities are offered in retail sector of graduates which can be properly
achieved by graduates for having successful career development. Commercial awareness,
insights about IT skills, leadership, creative approach, emotional intelligence, adaptability and
other soft skills having precise convincing techniques, etc. can help in attaining greater market
share to uplift their individual performance. On the basis of the conducted analysis, it can be
specified that these are the attributes which are needed to be possessed by graduates for having
greater capabilities to meet effective performance in quality manner.
CONCLUSION
From the above report it can be concluded that retail sector is rapidly growing and
offering the number of opportunities to various students. The current study has involved the
statical analysis which shows that there is increasing trend of employment opportunities for
graduates which depicts positive sign of career development. It has involved requirement of
various skills such as emotional intelligence, effective active listening approach, etc. that can aid
in complying with emerging trends of particular sector. There are various aspects which is
required to be followed by CEO in order to have proper recruitment strategy which a follows:
Recommendations
 It is suggested to the CEO of the specified firm to pay attention on conducting effective
market research in turn accomplishing the objective of gathering reliable insights can
become possible. The main reason behind this is to have proper information regarding
the needed skills and attributes that can help particular employee to attain delegated
roles and responsibilities in highly precise manner (Obi, Hampton and Awuzie, 2020).
For recruitment process having significant market research can aid in gaining
information that which form of the tool and approach of recruitment is required to be
taken into the consideration so that right person at vacant position can be fulfilled.
 It is recommended to CEO to focus on having compliance with the social media
utilization as graduates in current time is effective active on these platforms. The main
fact behind the application of this strategy of recruitment is that it can allow to get the
competitive edge in attracting candidate in highly effective manner and instantly. This
as well can be exerted by consulting with the recruitment agency as required skills
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achieving in most accurate and fair manner can be obtained easily which can benefit
firm in postie pattern.
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REFERENCES
Books and Journals
Obi, L., Hampton, P. and Awuzie, B., 2020. Total interpretive structural modelling of graduate
employability skills for the built environment sector. Education Sciences. 10(12)
p.369.
Ornellas, A., Falkner, K. and Stålbrandt, E.E., 2018. Enhancing graduates’ employability skills
through authentic learning approaches. Higher education, skills and work-based
learning.
Osmani, M. and et.al., 2019. Graduates employability skills: A review of literature against
market demand. Journal of Education for Business. 94(7). pp.423-432.
Onine
Graduate labor market statistics. 2022. [Online]. Available through: <https://explore-
education-statistics.service.gov.uk/find-statistics/graduate-labour-markets>
Workforce jobs in the retail trade sector in the United Kingdom (UK). 2021. [Online]. Available
through: <https://www.textkernel.com/jobfeed/uk-retail-report-2022/>
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