To mark the release of our “Must Know-Know Student Recruiting Trends for 2018” eBook collaboration with talent acquisition software provider, Oleeo, as well as our upcoming webinars on attracting talent in the US and the UK, I have prepared an overview on how to attract business students from both sides of the Atlantic.
Staying on top of recruiting insights is a crucial way to maintain an edge in today’s business climates. With these insights, organizations can devote more time to focused value-add activities and improve their engagement and influence with the best hires before their competitors. These days, the race is geared toward winning over student talent – even if there are limited amounts of roles that students can fill. These applicants are still incredibly valuable and represent a portion of the population that can add tremendous potential to a business.
Students are more empowered than ever before to choose where they will start their professional careers. In turn, recruiters have to be faster and more agile in their efforts. Having more year-round campus presence and accelerated processes is quickly becoming the norm for time-stretched and business savvy talent acquisition teams. To take a deeper look and provide helpful insights into the recruiting process, Universum and Oleeo conducted an intensive research study that revealed key information about attracting top US and UK business talent. We came up with some conclusive findings about attracting talent from the US and UK, including research on the following topics:
Now, let’s take a closer look at how employers can appeal to top talent in these markets.
Top applicants in the US are driven by specific factors that make employment opportunities more appealing to them. These include:
US talent score their academic performance highly, with both sexes rating themselves as a 10/10. Men place 15% more value on performance recognition and 8% more on an employer’s recruiting only the best talent – so highlighting these aspects is likely to have greater appeal. Women emphasize an inclusive, respectful environment to a much greater extent. For high academic achievers, it’s also good to highlight the aspect of offering a challenging career path.
Other factors of high importance to the Top US Talent are supportive leaders and training and development. These candidates want to know that they are entering into an environment where they can learn and grow. Students graduating in 2017 also reported that consulting, financial services and media were their preferred industries. Those who graduate in 2021 are much more focused on innovation, high future earnings, and challenge. More specialized industries appeal to them, such as engineering, manufacturing, aerospace/defense and software.
The Top 5 Most Attractive Attribute Preferences for US Recruiters are as follows:
35% of US students want to work for an international company/organization after graduation and 29% want to work for a privately-owned national company/organization.
The top 10 most effective communication channels for interacting with and gaining the interest of US applicants are:
Creating a strong appeal around work/life balance, job security and stability, growth and the ability to become a leader/manager of people are all compelling aspects for new grads in the US.
Business students applying for jobs in the UK list Banks as the most preferred industry, just above Management and Strategy Consulting. It should be noted that is particularly younger students, who are part of Generation Z that are the ones driving this trend. These students are very attracted to rapid careers and high compensations, as well as becoming leaders, which explains why they are driven by the idea of joining the banking industry.
Engineering/IT students of both genders want most to work in Software and Computer Services. In terms of graduate programs, UK students, on the whole, are very interested in pursuing one. Business students are most interested in business integration, development, and mentorship while Engineering/IT students value development, mentorship, and variety of rotations.
After graduation, UK students are most interested in working for an international company/organization or continue with their studies. Male students prefer macro employers (1000+ employees) while female students prefer medium-sized employers (100-499 employees).
The Top 5 Most Attractive Attributes for UK Recruiters are as follows:
After graduation in the UK, a whopping 51% of graduates want to work for an international company/organization, while 17% want to work for a privately-owned national company/organization.
In order to engage UK talent, these are the most effective communication channels.
The most effective way to relate to potential applicants in the UK is to craft messages around work/life balance, job security, and stability and the ability to become a leader or manager of people with an international career possibility.
There is definitely increased competition in both the US and UK markets when it comes to attracting top talent early and snap up candidates before they have finished their degree or entered their final year. It’s time to start using a strong engagement strategy to secure top students and increase applications while offering desirable opportunities and benefits to make working for your organization more appealing.
Universum is the global leader in employer branding, during our 30 years, we have established ourselves in 60 markets globally, and our diverse workforce is physically present in 20 countries. Our services include actionable research, strategic advisory, data-driven communication and social media solutions for talent branding, sourcing, and analytics. A trusted partner to over 1,700 clients, including many Fortune 500 companies, as well as global media partners that publish our annual rankings and trend reports. We work with over 2,000 universities, alumni groups, and professional organizations to gather insights from students and professionals in order to advise employers on how to attract and retain talent that fits their culture and purpose. On an annual basis, Universum surveys over 1,500,000 students and professionals worldwide. Find out more at www.universumglobal.com.
Oleeo is a leading pioneer in the field of innovative talent acquisition technology with over 20 years of experience that is considered ‘best-in-class’ by experts. We have decades of award-winning recruitment software expertise and an obsession with driving real change in organizations. We accelerate and improve the entire process of finding, attracting, engaging, assessing and hiring the best talent. Working with some of the largest brands including Morgan Stanley, Civil Service Resourcing and Marks & Spencer, Oleeo’s products provide an end-to-end solution or can be purchased individually. To learn more, visit www.oleeo.com