Quitting after Graduate Trainee Schemes

Quitting after Graduate Trainee Schemes

Quitting Graduate Training Schemes

More young people are quitting jobs after graduate trainee schemes end

Research has revealed that graduate recruits are becoming increasingly likely to leave companies once their traineeship has ended.

The 2017 Development Survey by the Association of Graduate Recruiters (AGR) shows that 16% of graduates are moving on after completing their development programmes, which typically last for two years. This compares to just 9% in 2016.

20% had left their employer within one year of completing the graduate programme, and 46% had moved on before completing five years’ service. In the 2016 survey, the equivalent figures were 17% and 39%.

The AGR adds that graduate retention levels have been steadily declining since 2014, and that financial services was the only business sector to report an increase in retention between 2016 and 2017, and even then the reported increase was just 1%.

Graduates leaving within the first three years of employment cited a variety of reasons for doing so:

  • 24% were seeking a career change
  • 19% left for better pay
  • 14% were dissatisfied with the career progression opportunities on offer
  • 7% left in order to work in a different location
  • 6% moved on because their graduate employer made them redundant, or could not offer a permanent position

However, there can be clear benefits for those who remain with their employer. Three years after joining, a graduate’s median salary increases by 25%. After five years, 39% have reached management level.

Stephen Isherwood, Chief Executive of the AGR said:

“Graduate expectations are changing and they are leaving for a myriad of reasons. Employers will need to monitor and respond to this trend to ensure they benefit from their investment.”

Here at Kennedy Pearce we are always looking for graduates who are determined, who demonstrate a willingness to learn, who are dedicated to their work, and who are highly organised. Does this sound like you?

A tailored and comprehensive development programme will be designed for each trainee, with clear objectives and a timetable supported by on-the-job and off-desk training, to make sure that you get the most out of this training experience.

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