This blog was brought to you by Jonathan Saatchi, a 20 year old final year student at the University of Leeds, studying for an English Language degree.
In his words: “I am hoping that my work experience at a fantastic company like MC2 will stand me in good stead when looking for my first job.”
We’ll have you back anytime Jonny!
News that BT has suspended its graduate recruitment scheme indefinitely has added to the growing fear that Britain could lose a whole generation to unemployment. BBC calculations state that the unemployment rate among 16-24 year olds stands at 19% - or an astounding 928,000 people.
The Times is dubbing the current job market as the worst in the last 20 years for university leavers. Graduates hoping to secure a job and start the long journey to a debt-free paradise are left at a crossroads. Do they:
a) Fight it out for one of only 30,000 jobs with the other 300,000 graduates (albeit these figures from the BBC only take into account ‘leading companies ’ which slightly skews the statistics).
b) Escape to the world of ‘travelling’ and inevitably rack up even more debt.
c) Or, become one of the 928,000 unemployed 16-24 year olds.
This is quite a tricky, and not to mention busy, junction for 300,000 graduates to be negotiating.
What does this drop in recruitment rates mean for businesses? A loss of affordable, mouldable employees who have a proven return on investment. Although companies like BT may argue that these cut backs are caused by the recession, it could prove to be a move that is counterproductive.
A tougher approach to recruitment may be the answer, taking on only those graduates who show real promise, and the potential to have a positive effect on operations immediatly. The companies who take this route could well be the ones who benefit when the economic upturn finally arrives.

Northern Rock’s spectacular losses
Mobile phones are to be banned from French primary schools, and operators must offer handsets that allow only text messages, under government measures to reduce the health risk to children.