All types of entry-level positions have been cut by 23% this year, said the Institute of Student Employers (ISE), with a “volatile” job market expected to decline further, with 15% of employers planning to further reduce recruitment in 2021..
The latest findings seem to reflect concerns that the pandemic is likely to hit youth employment prospects the hardest.
According to the ISE report, employers are looking for 32% fewer participants in apprenticeship or school-leaving programs than originally planned this year, while graduate jobs have been cut by 12%. Internships and internships will also drop 40%, according to the report, which is supported by the Association of Graduate Careers Advisory Services (Agcas).
Even existing job openings are not secure, with one in seven employers admitting that they have already withdrawn them and an additional 14% planning to return in the coming weeks. Almost a third of employers (31%) are delaying start dates and more than half plan to incorporate new remote starters.
Stephen Isherwood, Director General of the ISE, said: “There is no doubt that this year will be difficult for young people entering the workforce.
“Some employers support graduates compared to non-graduates and others have found it too difficult to start new apprenticeships, which means that school leavers will be among the hardest hit by the crisis.
“This does not mean that students have to assume that the job market is dead. Many employers are recruiting and history tells us that we always see vacancies vacant during a downturn. Deactivation is the worst thing students can do. This will only hamper their prospects when the recovery comes and the labor market recovers. “
Health care and pharmaceuticals have proven to be the only sector intended to increase the recruitment of new entrants this year while the built environment, finance, professional services, energy and engineering made the biggest cuts.
Some of the UK’s largest employers have already canceled or delayed recruitment and internship programs. Lloyds Banking Group, HSBC and the accountants PwC and BDO are among the large companies that have had to change their recruitment plans due to the crisis.