New research reveals three-quarters (75%) of recent graduates and current students feel that the ongoing situation around Covid-19 will heavily impact their future career prospects. Surveying over 2,500 university students and over 100 graduates from 2019, leading graduate careers site Milkround and Dig-In, the UK’s leading student sampling and research company, delve into the attitudes and concerns amongst the younger generation, as they look to enter the workplace.
As revealed by Milkround earlier this year, before the Covid-19 outbreak, 60% of Gen Z (aged 18-22) typically secure a graduate position before leaving university. However, of those graduating this summer, only one fifth (18%) currently have a job lined up. Even then, three-fifths (60%) of those are worried their position will be impacted by Covid-19, as several companies retract offers and put recruitment on hold.
Georgina Brazier, Jobs Expert at Milkround, comments: “Understandably, the situation around Covid-19 is having a knock-on effect for student and graduate’s confidence in the current jobs market. However, despite many businesses being forced to postpone current recruitment drives, the ISE has revealed only a quarter (27%) of companies will be recruiting less graduates this year, showing there is still demand. Students should be reassured there are still various well-renowned companies looking for ambitious entry-level talent, to join their business and help deliver change. Most notably, the Education, Medical, Accounting, IT and Engineering, as well as the Public sector are amongst the industries still continuing to hire.”
Covid-19 affects grads job confidence
Despite four in ten (40%) revealing their employer has been in touch to put them at ease, 60% are still concerned that current circumstances may impact their position. When it comes to breaking down exactly what is impacting confidence, graduates are worried they won’t be able to secure a job before they graduate (52%), there won’t be opportunities in the sector they want to enter (49%), there will be more competition for jobs (43%) and salaries will be impacted (25%).
Internship opportunities are vital but lacking
Not only have graduate jobs been impacted, but short-term work placements such as internships have also been affected and possibly reduced, as a direct impact of Covid-19.
Earlier this year, Milkround found two thirds (66%) of under 26’s wouldn’t have been able to secure their job without previous work experience, highlighting the importance of these opportunities for students and graduates when entering the world of work. However, the new research shows just 8% overall had secured an internship for this summer. Of those, a staggering 63% said current circumstances have impacted their position, including over a third being terminated completely (37%), moved online (17%) or shortened (17%). Although nearly a quarter (25%) of students are still searching for an internship currently, a staggering nine in ten (90%) believe Covid-19 have affected their search generally.