Report on Graduate Employment Market Trends in the UK Retail Sector

This report evaluates the graduate employment market within the UK retail sector, utilizing statistical data to highlight current trends. It emphasizes the importance of soft skills, such as communication, teamwork, innovation, creativity, and stress management, for graduates seeking employment in this industry. The report also offers recommendations to Tesco's CEO on recruitment strategies, including professional development plans, leveraging social media, and offering competitive compensation packages to attract high-caliber graduates. It concludes that possessing these soft skills is crucial for graduates to be competitive and successful in the retail job market. Desklib provides access to similar solved assignments and past papers for students.

The graduate
employment market
and emerging trends

Table of Contents
Introduction......................................................................................................................................1
Graduate Employment Market Statistics.........................................................................................1
Analysis of the required soft skills...................................................................................................1
Conclusion.......................................................................................................................................2
Recommendations for the Tesco's CEO..........................................................................................3
References........................................................................................................................................4

Introduction
The UK's retail industry basically comprises of approximately 300,000 business and all
these businesses employees around 3 million of the jobs. In the present report, it basically
evaluates the statistical information in relation to the graduate employment in relation to the
retail sector. In addition to that, it comprises of the skills analyses which are basically needed in
order to perform the effective functions and also it comprises of the recommendations to the
Tesco's CEO for the various recruitment strategy.
Graduate Employment Market Statistics
As per the reality and figure from the UK government official sites the graduate work rate
is around 86.4% which is somewhat down from by 1.1 percent as compared to the data showing
towards 2019 (87.5%). notwithstanding this around 66% of graduates were enjoyed high talented
work. The typical compensation that graduates get from the business is around 35000 euro in
2020 (Graduate labour market statistics, 2021).
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Analysis of the required soft skills
In context to organisations, the soft skills play a very important role as compared to the
hard skills. Soft skills assume indispensable part as on the hard skills. As the above stats and data
plainly showed that the tremendous numbers of graduates have the hard expertise that helps them
to carry out the powerful roles in the functional market. Also, the market prerequisite is quickly
changing, in which associations in retail industry are zeroing in on delicate abilities in a
representative too. A portion of the delicate abilities which exceptionally expected in the
referenced business are customer addressing roles, Communication abilities, performance
management, cooperation abilities and so on these abilities are profoundly in the interest. In
reference to the company, some of the soft skills which are required involve team work skills,
communication skills, aptitude skills and much more which are greatly in demand. In case of the
recruiter, they usually prefer the people who have these skills.
 Communication skills: In context to organisation, these skills play a very important role
when an organisation is looking for the ideal candidate who have strong and powerful
communication skills and who can effectively communicate with the team. In 21st
century, it is very important to have these skills. Communication is very important
because in the retail sector the executives, managers and leaders needs to communicate
with each other and customers to provide better experience every single day.
 Team working skills: In context to organisation, working in a team plays a very
important role and helps in achievement of organisational goals in a timely manner. In
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reference to an individual, it is very important to have the right team working skills.
Within a retain industry people work very closely as team members and are mostly
grouped together to carry specific tasks. This makes it essential for the new graduates to
possess team management and team working skills to be effective at the workplace.
 Innovation and creativity: In the UK economy there are enormous quantities of retail
business that offer their administrations in the specific field. Thus, to get the relative
benefit associations are depending on imaginative methodologies in their business tasks.
Hence, associations principally recruiting those prospects/candidates that can foster
imaginative practices, innovation and creativity to play out any inferred task.
Subsequently, recruiters focus on those new-comers which have such referenced delicate
abilities in their character.
 Stress Management: To act competitively and keep growing in the retail business is
definitely not a simple errand. As the retail business revelled with performing various
tasks as well as the struggles in the business activities is normal. As to this, the interests
for representatives that have suitable skills to tackle stress and manage problematic
situations are proffered for the job role. Accordingly, such expertise help the person to all
the more likely handle what is going on as well as help the association capabilities by
improved outcome (8 Essential Skills for Retail Employees & How to Assess Them,
2021).
Conclusion
From the above report, it can be concluded the large number of employees are highly skilled
and are employed by the retail sector and it is very important for the employees or the graduates
to have skills such as communication, creativity, team working and much more. It has been
concluded from the above report that an individual needs many skills like communication, stress
management, group work and so on to be completive for achieving a desired job role.
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Recommendations for the Tesco's CEO
In context to organisation, the company is widely popular and has vast number of staff. In
addition to that, to cater the high calibre of the graduates towards the company, below are few of
the recommendations which could be adapted by the company.
 Professional Development Plan: In context to the graduates who are basically involved
in looking for a job are likely to give preferences to the companies with the help of
offering those training programs and the growth opportunities for the purpose to improve
their skills. With the support of the effective professional development plan, the company
can easily attract the right candidates.
 Focusing on use of social media: In context to the organisations, the use of the social
media marketing could result in attracting huge number of candidates who have recently
graduated. In addition to that, the recruitments in the today's scenario are basically done
through targeting the right audience through social media platforms. Social media has
entered into every aspect of our lives and almost every person is present on social media
that makes it important for the organisation to focus on hiring such staff those have
knowledge of social media.
 Offering competitive packages: In context to organisations, through offering attractive
incentives and salary can easily help the organisation in attracting large number of
graduates in order to perform the business functions. With the help of improving the
digital activity the organisation can improve talent acquisition and get maximum reach to
the prospective graduates. The remuneration plays a very important role in the hiring of
employees and prospects mainly look at wages when they enter into the industry.
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References
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/
6 Proven Recruiting Strategies to Attract New Graduates, 2022.[Online] available through:
https://www.hackerrank.com/blog/proven-recruiting-strategies-to-attract-new-graduates/
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