Competition for graduate jobs has surged to an all-time high with the average employer facing 140 applications per position, representing a significant 59% rise over the last year.
Employers report a record 1.2 million applications for around 17,000 graduate vacancies, marking the most competitive job market in over 30 years.
AI's influence on recruitment processes is profound, with more than two-thirds of employers either updating their selection strategies or considering changes as they adapt to technological advancements.
Despite economic pressures, employers anticipate only a slight growth in graduate vacancies due to a slowdown in hiring numbers from previous years.
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