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UK under threat of ‘talent drain’ as high achieving students look for job opportunities abroad

David Woods, 05 Jan 2012

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Half of UK students would are considering leaving the country to seek work abroad upon graduating.

Figures from the Trendence Graduate Barometer UK edition found, of the 15,000 UK students surveyed, the top five countries students would relocate to are the US (63%), Australia (47%), Canada (38%), France (35%) and New Zealand (33%).

Among the students surveyed is a category of 'high potentials' who are defined as those in the top 20% of outstanding academic achievements, have an internship within the UK and take part in extra-curricular activities.

Almost a third (32%) of this group said they would leave the country to find a professional position abroad. Just 9% of all students surveyed would choose not to relocate anywhere.

Trendence UK account director Kathryn Callow said: "We're at high risk of losing some of our most talented and hard working students to other countries. Our data shows many of these students are willing to work more than 55 hours per week and want to perform highly in their jobs, yet they feel they want to go abroad because they can't find opportunities to further their ability in the UK.

"We're at risk of a 'talent drain' because of the current job market and the impact of constant bad news which tells students and graduates there are no jobs available and that future prospects are bleak."

The annual trendence Graduate Barometer surveys 15,000 UK students at over 90 universities. The findings aim to provide graduate recruiters with a deep insight into student opinions on factors such as employer brand, career aspirations and preferred communication methods. The results also form part of the Guardian 300 listings.

Trendence which launched in 2000 allows recruiters to benchmark their brand performance explicitly against named competitors to measure impact on a campus by campus basis.

 

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Wake up call for UK businesses – don’t let graduate talent slip through your fingers

Sean Howard 11 Jan 2012

Needless to say the latest results from the Trendence Graduate UK Barometer demonstrate that this potential talent drain serves as a wake-up call for UK businesses. This is supported by our 2011 graduate research which found that graduates are so keen to find work that 73% would consider moving abroad to find a job . Some employers complain that there is a talent shortage in the UK but one trend we must accept is that we are in the era of the borderless workplace – the barriers to entry for working overseas are now much reduced. Therefore, we must nurture, engage and inspire our domestic talent so that it wants to work for UK companies (who may or may not have international operations). It is worth bearing in mind that with soaring levels of graduate applications, to protect its brand image employers needs to ensure they are providing a good candidate experience during the recruitment process, if not, they risk alienating their own customers. Furthermore, creating a brand presence in social media will become a crucial method to engage with future graduate talent as they start to use this channel for finding jobs. UK businesses must adapt quickly to the changing graduate market or unfortunately will continue to see top talent slip through their fingers. - Sean Howard, vice president of solutions marketing at SHL

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