The Association of Graduate Recruiters (AGR) has launched the first ever report on the international graduate recruitment market.
The INGRADA (International Network of Graduate Recruitment and Development Associations) Global Graduate Survey is based on the aggregated results of surveys and market knowledge from six countries covering graduate starting salaries, offer acceptance rates, vacancy and application figures, retention rates and the costs associated with hiring graduates. INGRADA links major graduate recruitment associations in the USA, Australia, Canada, Hong Kong, South Africa and the UK.
Carl Gilleard, Chief Executive of the AGR, says: “We are very proud of our role in founding INGRADA and the launch of the INGRADA Global Graduate Survey today is a landmark in AGR’s history. The political, economic and cultural environment in which organisations recruit and develop graduates is becoming increasingly global. We believe that the international partnerships we have forged through INGRADA will benefit our growing membership which now stands at close to 800 organisations -many of which are multi-nationals.”
The Global Graduate Survey for 2010 shows that the UK is currently an employer’s market, with more applications per vacancy (48) than any of the other five countries taking part. This in turn means that marketing and attraction costs for UK companies are lower than in other countries.
Graduate employment in the UK also represents good value for money for employers; the average UK graduate salary stands at Ã‚Â£25,000, more than Ã‚Â£3,000 less than in Australia and Canada and Ã‚Â£4,000 less than in America. Graduate salaries in Hong Kong are by far the highest at Ã‚Â£30,000 – Ã‚Â£42,000 while in South Africa they currently stand at just over Ã‚Â£9,000.