Government launches graduate talent pool

On 13 May, a new initiative was launched to help both employers and gaduates to cut the cost of recruiting and selecting suitable talent.

Graduate Talent Pool is a well timed solution for gradudates who face a bleak 2009 / 2010 with only one third predicted to find employment.  The Talent Pool will provide employers with interns on a paid or unpaid basis giving both parties an opportunity to test the water before becoming permanently employed.

Parents of graduates that I have spoken to are despairing after having put them through university in order to become financially independent only to find them graduating with no jobs to go to.  Which is why during the current economic downturn the Government is looking to support graduates seeking work. The aim is for the ‘Graduate Talent Pool’ to support 5,000 internships, building on the 2,000 already achieved through HEFCE’s Economic Challenge Investment Fund and will sit alongside other additional graduate opportunities, including:

• Demand for an additional 14,000 postgraduate places can be met by universities and supported by Professional and Career Development Loans. Up to 30,000 Career Development Loans will be available this year;
• 250 short term placements through Mini Knowledge Transfer partnerships, rising to 500 in 2010/11; and
• Thousands of existing volunteering options available through “V”, an organisation aimed at young people between 16-25, and other voluntary organisations.

Recrion is a specialist in people management and during the downturn is actively assisting employers to find low cost ways of recruiting and retaining their employees as well as providing career transition support to those staff they are letting go.  Find out more about the schemes we are facilitating or call 01780 484910 for more information.