89 Views

Government plans internships for graduates

Microsoft and Barclays to offer graduates internships in effort to stave off unemployment

Microsoft and Barclays to offer graduates internships in effort to stave off unemployment

The government has announced an initiative to provide three-month paid internships to university leavers, in an attempt to reduce the impact of a worsening labour market on graduate employment prospects.
John Denham, universities secretary, offered details of the placements, which are intended to increase students’ employability by providing workplace skills. Interns will be paid a rate only slightly higher than the income received via loans and grants as an undergraduate. So far four firms are involved in the £140m scheme, including Barclays and Microsoft.

The scheme comes as a response to employers reducing their yearly intake of graduates dramatically, especially in those sectors hit hardest by the financial crisis such as banking and finance. One study estimates recruitment targets in some of the UK’s top 100 firms have dropped by as much as 17%, and in the financial sector by 47%. Employers have been cancelling their stands at graduate employment fairs, or narrowing their focus to the elite universities.

Some Sussex students are sceptical of the plan. “If there’re no jobs when I graduate, what’s going to change in three months?” says Emilio Casalicchio, 3rd year Philosophy and Film student, “All it seems to do is delay the inevitable and give cheap temporary workers to massive companies”.

The situation echoes previous recessions such as the dotcom bust in 2002/03 and the early ‘90s, but even further, with the UK economy being in an estimated 28-year low, the situation could continue to deteriorate. NUS president Wes Streeting has commented, “We’re all very acutely aware that the picture facing this year’s graduates is very bleak…It’s going to be quite hard”.

Not all employers have followed the trend however, with jobs for university leavers in the public sector increasing by 51% since 2007, and many employers, including Lloyds TSB, recruiting as many graduates as in previous years, calling it a “long-term investment”. It is also likely that more students will turn to postgraduate study in an effort to ride out the recession and gain high-level skills at the same time
Even so, criticism has been levelled at the government for helping to create excess numbers of graduates. Its long-standing commitment to having half of people educated to graduate level appears to have led to a pool of highly skilled workers vulnerable to an employment downturn. John Denham’s comment, “What do we do with them? We can’t just leave people to fend for themselves,” points to the fear the government has of a backlash from graduates. Liberal Democrat leader Nick Clegg is sceptical of the plan, saying internships for graduates does nothing to address the fear of permanent unemployment and will not lead to a single new job. Some, such as shadow skills secretary David Willetts, believe the focus on graduates is less of an issue than getting young workers more vocational skills, the Conservatives proposing to funnel £500m into apprenticeships and ‘train-to-gain’ programmes.

In an attempt to place Sussex students in the best possible position to find employment, the “Career Develoment and Employment Centre” (CDEC) publishes on their blog the latest careers-related news and vacancies they have discovered. Jane Wilders, one of their careers advisers, is spearheading a recession advice campaign.

Get the best viral stories straight into your inbox!

Don't worry, we don't spam

Leave a Reply

Join the Badger Team

Apply today!

Latest Posts

Union obliterates the debate – unwritten requirement used to shut down free speech debate
Campus News
285 views1
Campus News
285 views1

Union obliterates the debate – unwritten requirement used to shut down free speech debate

Jordan Wright - April 27, 2018

Student society Liberate the Debate’s most recent event was cancelled over a lack of compliance with the Students' Union's (USSU) requirement for a neutral chair - a…

Review: Nick Cave Double Bill at The Old Market (TOM’s Film Club)
Arts
15 views
Arts
15 views

Review: Nick Cave Double Bill at The Old Market (TOM’s Film Club)

Sophie Coppenhall - May 23, 2018

What a phenomenal contrast these two films present when watched side-by-side. In essence, together they are capable of tracing inner and outer metamorphoses of their subjects. The…

Dollywould at The Old Market preview
Arts
21 views
Arts
21 views

Dollywould at The Old Market preview

Alex Hutson - May 22, 2018

From the 22nd May - 25th May 2018 DollyWould will be showing at The Old Market. An exciting new show, presented by Sh!t Theatre, who won the…

Exhibition: Io-sono Fedilouu
Artist Focus
75 views
Artist Focus
75 views

Exhibition: Io-sono Fedilouu

Ricardo Reverón Blanco - May 16, 2018

Last week artist Fedilou made her debut exhibition in the downstairs space of Morelli Zorelli, a quaint vegan Italian restaurant in Hove, featuring a collection of intimate…

Interview with Philosophy faculty and COGS director Ron Chrisley
Interview
51 views
Interview
51 views

Interview with Philosophy faculty and COGS director Ron Chrisley

Nikolaos Manesis - May 15, 2018

Ron Chrisley is a Reader in Philosophy, on the faculty of the Sackler Centre for Consciousness Science, and is the director of COGS (Centre for Cognitive Science).…

Adam review
Arts
106 views
Arts
106 views

Adam review

Ketan Jha - May 13, 2018

If you have been a stranger to the stage this spring and decide to see one contemporary show, let it be Adam. This reviewer went in entirely…

Brighton Fringe Preview: Nick Cave Double Bill at The Old Market (TOM’s Film Club)
Arts
103 views
Arts
103 views

Brighton Fringe Preview: Nick Cave Double Bill at The Old Market (TOM’s Film Club)

Sophie Coppenhall - May 13, 2018

In celebration of iconic Brighton local, legendary alt-rock musician (and episodic actor) Nick Cave, TOM’s Film Club are hosting a double-bill screening of his films at The…

Whimsical fairy-tale meets class war – Standard: Elite review
Arts
122 views
Arts
122 views

Whimsical fairy-tale meets class war – Standard: Elite review

Georgia Grace - May 11, 2018

Meta-theatricality and interactivity are becoming all the more vogue in contemporary theatre, and in a world where the arts are becoming increasingly open and democratised, I find…

A Year of Art Society: The Best Picks
Artist Focus
100 views
Artist Focus
100 views

A Year of Art Society: The Best Picks

Alex Leissle - May 9, 2018

  [gallery type="slideshow" ids="35385,35386,35387,35388,35389,35390,35391,35392,35393,35394,35395,35396,35397,35398,35399,35400,35401,35402,35403,35404,35405,35406,35407,35408,35409,35410,35411"]

More Brit(ish) than ever: A review of Afua Hirsch at Brighton Festival
Books
83 views
Books
83 views

More Brit(ish) than ever: A review of Afua Hirsch at Brighton Festival

William Singh - May 9, 2018

Afua Hirsch’s 2018 book - part memoir, part polemic - provokes mixed feelings. So too did her discussion of the topic at this year’s Brighton Festival. Don’t…

Ethnic-bioweapons: between conspiracy and reality
Science
115 views
Science
115 views

Ethnic-bioweapons: between conspiracy and reality

Luke Richards - May 8, 2018

Bioweapons exist, while ethnic-bioweapons are whispered conspiracies. Pandemics can fairly hazardous to human life, the 1918 Flu Pandemic killed 20-50 million people. A man made pandemic could…

Breaking: Spring referenda results announced
News
169 views
News
169 views

Breaking: Spring referenda results announced

Jessica Hubbard - May 4, 2018

Students have voted to support the BDS (Boycott, Divestment and Sanctions) movement, reject Prevent and adopt new Gender Equality policies. Results for the Students' Union referenda were…

Why I’m Jewish AND I support BDS
Comment
161 views
Comment
161 views

Why I’m Jewish AND I support BDS

Sarah McIntosh - May 2, 2018

The idea of a land where my religious identity is welcomed and where I feel safe to be myself and live in peace is a beautiful idea…

Student research happening at Sussex
Features
138 views
Features
138 views

Student research happening at Sussex

Nikolaos Manesis - May 1, 2018

(Image source: Flickr, Pixabay, Wikipedia) Another academic year is coming to a close and with it, the last edition of The Badger. To celebrate our last science…

Sussex Festival cancelled
Campus News
205 views
Campus News
205 views

Sussex Festival cancelled

Jordan Wright - April 30, 2018

The Students’ Union have cancelled their highly anticipated end-of-term event Sussex Festival: Desert Island Disco, which was due to begin on Saturday May 12th. The Students’ Union…

Students’ Union President Gustafsson and Liberate the Debate respond to the cancelled event
Comment
225 views
Comment
225 views

Students’ Union President Gustafsson and Liberate the Debate respond to the cancelled event

Jordan Wright - April 27, 2018

These comment pieces represent the opinions of both the Students' Union and Liberate the Debate with regards to the  recent cancellation of the Society's freedom of speech…

Artist Focus: Rory Hinshelwood
Artist Focus
141 views
Artist Focus
141 views

Artist Focus: Rory Hinshelwood

Louisa Hunt - April 25, 2018

Rory Hinshelwood studies Zoology with Spanish at Sussex. His brand is called Poplar St., at the moment the brand sell embroidered high-quality t-shirts. Rory works mostly in graphics…

Artist Focus: Maayan Cohen
Artist Focus
101 views
Artist Focus
101 views

Artist Focus: Maayan Cohen

Emma Phillips - April 24, 2018

The Badger spoke with Sussex University’s Maayan Cohen about her creative workshop, ‘Bits and Pieces.’ Can you tell us a bit about Bits and Pieces- what’s the…

Voodoo enthralls at The Old Market – review
Arts
126 views
Arts
126 views

Voodoo enthralls at The Old Market – review

Ricardo Reverón Blanco - April 24, 2018

As part of South East Dance’s micro-festival, Undisciplined, Voodoo comes to being as a collaboration between South East Dance and Project O. Project O brings artists Alexandrina…

Arts
128 views

Trial & error: Sex, sass and foolishness through dance

Ricardo Reverón Blanco - April 24, 2018

For the concluding show of South East Dance’s micro-festival, Double Bill brings two short performances to The Old Market’s stage: Comebacks I thought of later by Eleanor…