Dr Paul Redmond from the University of Liverpool has produced some interesting figures:
- Vacancies with leading UK firms down by 24%
- Worst hit: banking (-47%), retail (-26%) and accountancy (-15%)
- Microsoft: 5000 applications for 25 jobs
- Public services (+51%), armed services (+17%)
- 1 in 6 18-24 year olds currently unemployed
- Institute of Directors: “according to a survey of 500 directors, when recruiting, 64% said employability skills were most important.”
- HSBC Group Chairman commented that, “recent recruits include a graduate who taught English and Spanish in Guatemala; one who ran a restaurant; another who worked in the Beijing Paralympics; a Punjabi singer who’s been on TV. Another graduate from Cameroon had published a book and set up a small business selling second hand clothes from New York to Africa, before joining HSBC.”
- Dr Redmond comments that the credit crunch is leading to a more proactive, muscular version of employability.
- Contacts, extracurricular achievements and culturally validated experiences have a high currency value.