London – 18th November 2015
Universities UK says graduates, particularly those studying for computer science degrees, are much in demand from employers, but may be currently losing out to foreign competition when applying for jobs.
Chief Operating Officer, Jeremy Holmes, speaking at The Behavioural Finance Forum’s recent debate, “Behaviour change: recruiting and retaining top talent” at The Shard in London, warns that some graduates do not display the business skills that UK employers are looking for.
However, he is also critical of employers in the UK for not helping to grow talent, with a thirty-five per cent fall in sponsored part-time study since 2013, preventing students from developing commercial awareness while studying.
Holmes claims only four per cent of graduates find jobs in finance immediately after leaving university.
By 2022, he states there will be two-million more jobs in the UK, requiring graduate level education.
Meanwhile, Annette Andrews, Head of Human Resources at Lloyd’s of London, said that the corporation has widened graduate opportunities this year through a successful diversity campaign.
Norman Pickavance, Brand and Culture Leader at Grant Thornton, added to this by saying that “clients increasingly want advisers who can work with them”, highlighting the need for good communication skills among employees and an inquisitiveness about community in the wider world.
While Dr Patricia Hind of Ashridge Centre for Executive Education, Hult International Business School, looked to the future through advising employers that personalised benefits are crucial to retaining top talent in later years: ‘The workforce now knows it needs to think about security by being “portable”, and being able to move its’ skills around. So what is really valued is that benefits packages are individualised by destination employers.’ Dr Hind says that the most highly-regarded rewards often centre on career growth opportunities.
Exeter University Business School’s Director of the One Planet MBA, Nicolas Forsans, concluded by saying that senior talent needs the time and space to develop thinking on the topic of ‘sustainable ways of working’ to develop excellence in future leadership.
Video highlights of the debates can be watched at http://behaviouralfinanceforum.com/
The Behavioural Finance Forum was created in March 2013 to bring together top academics with industry leaders and journalists to debate the impact of human behaviour on financial markets.
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