How AI is Impacting Graduate Recruitment
Summary
Applications to graduate schemes are up 59% compared to 2023, according to the Institute of Student Employers (ISE). Despite applications being on the rise, demand for graduates is down, as seen in the decrease in graduate vacancies in all sectors – including Healthcare & Nursing and Scientific & QA – except for Teaching and Customer Services.- Author Company: PharmiWeb.Jobs
- Author Name: Lucy Walters
- Author Email: Lucy.Walters@pharmiweb.com
- Author Website: https://www.pharmiweb.jobs/
Applications to graduate schemes are up 59% compared to 2023, according to the Institute of Student Employers (ISE). Despite applications being on the rise, demand for graduates is down, as seen in the decrease in graduate vacancies in all sectors – including Healthcare & Nursing and Scientific & QA – except for Teaching and Customer Services.
As reported by the Financial Times, the result of this is that UK graduates face “the stiffest competition on record,” where they are being left to fight for limited opportunities in a slowing labour market. To aid them in this fight, many graduates have been turning to emerging AI tools to get as many applications out as possible, which has, according to Stephen Isherwood, ISE Joint Chief Executive, pushed the quality of applications down.
From this, several key questions emerge:
- Why is demand for graduates declining?
- How are graduates utilising AI in their job search?
- How can recruiters effectively handle such large volumes of applications, without missing out on top talent?
