7 Myths About Graduate Recruitment
In this article we challenge some of the myths and issues surrounding graduate recruitment using some of the latest labour market information available. In exploring this information, it is apparent that a degree on its own, without accompanying work experience, evidence of achievement and transferable skills is not enough, especially against the backdrop of increasing participation in higher education and the provision of such a variety of course choices. Basically, getting a job has become tougher and much more competitive.
The seven myths
Number 1
That a degree guarantees a good job
There is no doubt that having a degree broadens the employment opportunities available and enhances an individual’s chances of securing employment. Graduates also have significantly higher earnings than non-graduates and the financial benefits of a degree increase markedly with age.
- Across all ages (21-60) graduates earn around 50% more than those reporting their highest qualification as A-levels and SPM or equivalent and their earnings are more than double those of workers with no qualifications
- Between ages 21-40, the rise in earnings is steeper for graduates than non-graduates suggesting more rapid career progression
Despite all these potential benefits, graduates looking for a job must note that a degree is not a guarantee to a good job. In selecting employees, employers will look at what else graduates have to offer, including their confidence, skills, certifications (if necessary), work experience (providing desirable commercial awareness) and overall potential. Quite simply, a degree is not enough on its own and graduate must realize this.
Number 2
That Employers always look for graduates from specific degree subjects
It is certainly the case that some jobs demand a specific degree subject, especially in the fields of science and engineering. However, nearly two-thirds of vacancies advertised in the year, asked for graduates from any degree subject, which means that you will have lots of career options whatever you decide to study.
Number 3
That if graduates make the wrong choice of degree this will affect their future career
In addition to the specialist knowledge that a degree provides, the process of studying for a degree and the wider university experience (including living away from home and managing finances) equip graduates with a set of skills that are useful for any career, including analytical and problem solving skills. Consequently, the ability to recognize, offer and use these transferable skills means that many graduates end up in careers not related to their degree. In some instances, during or after studying for a degree, a student or graduate may realize that their interests lie in a specific area for which their degree is not immediately relevant, in which case postgraduate conversion courses are an option. Such courses exist for many professions including law, teaching, social work and even medicine. Similarly some employers are willing to support specialist training in areas such as accountancy, IT, banking and the Civil Service.
Number 4
That students do not need to look for a job until after they graduate
Students must realize that there is a difference between looking for a job and looking for the right job and career. Even for students in highly vocational courses the process of finding the right job should begin early. Work experience placements are a particularly valuable way for employers and students to interact. Many employers seek to take on students for the summer (or entire year) prior to their final year which in some cases leads to an early job offer. Many students feel that the work experience they had at university helped their career.
Number 5
That most graduates want jobs with higher salaries
A good salary is an attraction to many finalists when deciding on the criteria for their ideal graduate career. However, in fairly equal measure is the desire to take part in training or professional development opportunities which can be used as transferable currency from job to job. Another attraction is having a good work/life balance. Many students feel that it is less important to have the opportunity to travel along with health and pension “perks”. It was found that location is an important determining factor in career choice. Motivation to do a particular job is also important and while high salaries may be a priority for some graduates leaving university, those with a strong commitment to the community or creative industries for example, will derive their job satisfaction from the work they do rather than their monthly pay cheque.
Number 6
That graduates only work for large employers
It is, fair to assume that many graduates secure employment with smaller companies. Since Malaysia has been increasingly encouraging SMEs, such companies, employing between 10 and 250 people, are providing graduates with the opportunity to gain early responsibility within a less structured and hierarchical work environment often in a growing and exciting business. Therefore, it is safe for graduates to join smaller companies.
Number 7
That it is not worth getting a degree
It is true that graduate debts are rising year on year. However, for completers of four-year courses (or longer) such as languages and medicine, debts can be very high. Universities are very aware of this situation and look to support students securing paid work experience during their time at university. This has benefits beyond financial necessity. Developing employability skills and gaining commercial awareness will prove to be a huge asset in future job applications and contribute to an impressive CV. Looking beyond financial considerations, the process of obtaining a degree and taking part in the whole university experience is often life-changing - knowledge, skills and personality develop and values, passions and networks are established. It is therefore safe to conclude that making an investment in university is worthwhile and the experience will be very worth while for the student.
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