{"id":12464,"date":"2023-05-25T01:23:35","date_gmt":"2023-05-24T15:23:35","guid":{"rendered":"https:\/\/www.hiringlab.org\/au\/?p=12464"},"modified":"2023-07-07T04:17:00","modified_gmt":"2023-07-06T18:17:00","slug":"demand-for-australian-graduates-skyrocketing","status":"publish","type":"post","link":"https:\/\/www.hiringlab.org\/au\/blog\/2023\/05\/25\/demand-for-australian-graduates-skyrocketing\/","title":{"rendered":"Demand for Australian Graduates is Skyrocketing"},"content":{"rendered":"\n<p><strong>Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Graduate job postings have increased sharply during the pandemic recovery. In 2022, there were 2.2 times as many graduate postings as there were in 2018.&nbsp;<\/li>\n\n\n\n<li>In response to strong demand for graduate talent, the share of recent graduates finding full-time employment within four months of graduating reached its highest level since 2009.&nbsp;<\/li>\n\n\n\n<li>Nevertheless, searches for graduate employment have declined throughout the pandemic recovery, perhaps reflecting the lack of available candidates or a wider range of employment options for recent graduates.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>Australia\u2019s graduate job market is currently red-hot, with more than double the number of job opportunities available in 2022 compared to 2018 and 2019. This year is expected to be even hotter, according to an analysis of Australian job postings on Indeed, with the level of graduate job postings from January to April tracking well ahead of last year\u2019s rate over the same period.&nbsp;<\/p>\n\n\n\n<p>For university students, the final year of study is often a difficult balancing act between school and applying for graduate employment. Some graduates lock-in a job early, waiting out the school year until their new career begins, while others face a hectic end-of-year scramble. Competition is typically fierce, not merely among employers, but also among graduates vying for the best positions.&nbsp;<\/p>\n\n\n\n<p>In fact, competition for talent has become so intense that many employers changed their hiring patterns last year. While graduate recruitment traditionally peaks in March, 2022 defied this historical trend. After rising sharply in March, graduate postings remained high throughout the year \u2014 highlighting both the high demand for graduate talent and the difficulty many employers faced filling these roles.&nbsp;<\/p>\n\n\n\n<p>Unfortunately for employers, the surge in graduate opportunities was not matched by jobseeker interest. As a share of total jobseeker searches, searches for graduate jobs declined steadily throughout 2022 and early 2023.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Demand for university graduates surged during the pandemic recovery<\/strong><\/h2>\n\n\n\n<p>On average, there were 2.2 times as many graduate job postings in Australia each day in 2022 compared to both 2018 and 2019. The number of postings calling for graduates was 62% higher in 2022 than in 2021.<\/p>\n\n\n\n<p>Demand for graduates is also showing no sign of slowing, even as <a href=\"https:\/\/www.hiringlab.org\/au\/blog\/2023\/03\/29\/march-australian-labour-market-update\/\" target=\"_blank\" rel=\"noreferrer noopener\">labour demand overall starts to ease<\/a>. From January to April of this year, graduate job postings were tracking 28% higher than the same period last year, defying the overall national decline in postings over the year.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/6\/2023\/05\/03043928\/image-1024x559.png\" alt=\"Bar graph titled \u201cAustralian graduate job postings.\u201d With a vertical axis ranging from 0 to 3, the number of graduate jobs postings in 2022 was 2.2 times the 2018 baseline. Graduate postings have increased even further in early 2023.\n\" class=\"wp-image-12465\" srcset=\"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/6\/2023\/05\/03043928\/image-1024x559.png 1024w, https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/6\/2023\/05\/03043928\/image-300x164.png 300w, https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/6\/2023\/05\/03043928\/image-768x419.png 768w, https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/6\/2023\/05\/03043928\/image.png 1056w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\"><em>Bar graph titled \u201cAustralian graduate job postings.\u201d With a vertical axis ranging from 0 to 3, the number of graduate job postings in 2022 was 2.2 times the 2018 baseline. Graduate postings have increased even further in early 2023.<\/em><\/figcaption><\/figure>\n\n\n\n<p>Stronger demand for graduate talent has directly translated into improved employment outcomes for recent graduates. In 2022, 78.5% of undergraduates found a full-time job within four months of graduating, the highest level since 2009, according to the latest <a href=\"https:\/\/www.qilt.edu.au\/docs\/default-source\/default-document-library\/2022-gos-national-report.pdf?sfvrsn=c5d342c8_2\" target=\"_blank\" rel=\"noreferrer noopener\">Graduate Outcomes Survey<\/a>.&nbsp;<\/p>\n\n\n\n<p>A shortage of suitable candidates may have forced some employers to compromise on qualifications or experience to fill graduate roles. Between 2012 and 2021, the full-time employment gap between undergraduates and postgraduates widened considerably, with employers demanding higher qualifications and\/or greater experience from their new graduates. However, that trend partially reversed in 2022, with the full-time employment gap narrowing to its lowest level since 2012.&nbsp;<\/p>\n\n\n\n<p>Quite simply, this isn\u2019t the type of labour market where employers can choose to be picky \u2014 and recent Australian university graduates have benefited as a result.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/6\/2023\/05\/03043928\/image-1-1024x559.png\" alt=\"Line graph titled \u201cAustralian graduate employment outcomes\u201d. With a vertical axis ranging from 0 to 100%, the share of Australian undergraduates finding full-time employment within four months of graduation reached 78.5% in 2022, the highest level since 2009.\" class=\"wp-image-12466\" srcset=\"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/6\/2023\/05\/03043928\/image-1-1024x559.png 1024w, https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/6\/2023\/05\/03043928\/image-1-300x164.png 300w, https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/6\/2023\/05\/03043928\/image-1-768x419.png 768w, https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/6\/2023\/05\/03043928\/image-1.png 1056w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\"><em>Line graph titled \u201cAustralian graduate employment outcomes.\u201d With a vertical axis ranging from 0 to 100%, the share of Australian undergraduates finding full-time employment within four months of graduation reached 78.5% in 2022, the highest level since 2009.<\/em><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Graduate hiring patterns changed in 2022<\/strong><\/h2>\n\n\n\n<p>Interestingly, graduate hiring patterns changed last year, perhaps in response to widespread skill and talent shortages. Rather than peaking in March \u2014 as postings did from 2018 to 2021 \u2014 postings peaked much later in September, remaining elevated throughout the second half of the year.&nbsp;<\/p>\n\n\n\n<p>It\u2019s too early to determine whether graduate recruitment patterns this year will revert back to their 2018 &#8211; 2021 trend. It is notable, however, that graduate postings, as a share of total postings, peaked in March at its highest level in three years. This is a consequence of not only the rise in graduate job postings, but also the recent decline in Australian postings overall.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/6\/2023\/05\/03043927\/image-2-1024x559.png\" alt=\"Line graph titled \u2018Australian graduate job postings\u201d. With a vertical axis ranging from 0 to 1.8%, graduate job postings typically peak in March but that hiring pattern changed in 2022.\" class=\"wp-image-12467\" srcset=\"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/6\/2023\/05\/03043927\/image-2-1024x559.png 1024w, https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/6\/2023\/05\/03043927\/image-2-300x164.png 300w, https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/6\/2023\/05\/03043927\/image-2-768x419.png 768w, https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/6\/2023\/05\/03043927\/image-2.png 1056w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\"><em>Line graph titled \u2018Australian graduate job postings.\u201d With a vertical axis ranging from 0 to 1.8%, graduate job postings typically peak in March. However, that hiring pattern changed in 2022.<\/em><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Graduate recruitment most prominent in engineering roles<\/strong><\/h2>\n\n\n\n<p>In 2022, graduate postings accounted for around 6.5 percent of all civil, electrical and mechanical engineering roles (roughly one-in-sixteen engineering postings featured the word \u2018graduate\u2019 in their job title).&nbsp;A slightly smaller share (5.9%) of therapy postings reference graduates, while architecture (3.5%) and education (3%) also rank highly.<\/p>\n\n\n\n<p>It\u2019s important to note that not all graduate recruitment occurs online. For example, medicine graduates typically find recruitment via placements rather than online graduate programmes. In other occupations, official graduate programmes are rare and jobseekers with that specific qualification won\u2019t find employment via that pathway.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"770\" height=\"522\" src=\"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/6\/2023\/05\/03043927\/image-3.png\" alt=\"Table titled \u201cAustralian graduate job postings\u201d. Indeed compared the share of postings in each occupational category with \u2018graduate\u2019 in their title. In 2022, 6.6% of civil engineering postings were graduate-related, ahead of 6.5% of electrical engineering and 6.4% of mechanical engineering postings. \" class=\"wp-image-12468\" srcset=\"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/6\/2023\/05\/03043927\/image-3.png 770w, https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/6\/2023\/05\/03043927\/image-3-300x203.png 300w, https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/6\/2023\/05\/03043927\/image-3-768x521.png 768w\" sizes=\"auto, (max-width: 770px) 100vw, 770px\" \/><figcaption class=\"wp-element-caption\"><em>Table titled \u201cAustralian graduate job postings.\u201d Indeed compared the share of postings in each occupational category with \u2018graduate\u2019 in their title. In 2022, 6.6% of civil engineering postings were graduate-related, ahead of 6.5% of electrical engineering and 6.4% of mechanical engineering postings.<\/em><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Jobseekers are less likely to search for graduate jobs<\/strong><\/h2>\n\n\n\n<p>Given the strong demand for graduate workers, you\u2019d expect recent graduates to be keenly searching for these positions. That hasn\u2019t been the case. In 2022, around 0.6% of Australian job searches were for graduate work, down from 0.8% a year earlier, with that share steadily declining throughout the year. Between January and April of this year, just 0.4% of searches were for graduate work.&nbsp;<\/p>\n\n\n\n<p>This could reflect several factors:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&nbsp;A lack of suitable jobseekers could lead to lower than normal search volume.<\/li>\n\n\n\n<li>A wealth of graduate opportunities may result in jobseekers finding employment faster than in the past, and therefore not needing to search as frequently.&nbsp;<\/li>\n\n\n\n<li>Greater opportunity and more options for job seekers relative to their peers even a few years ago might lead recent graduates to forego the traditional graduate programme and find employment elsewhere.&nbsp;<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/6\/2023\/05\/03043926\/image-4-1024x559.png\" alt=\"Line graph titled \u201cAustralian searches for graduate jobs.\u201d WIth a vertical axis ranging from 0 to 1%, Australian searches for graduate jobs steadily decline in 2022 and early 2023.\" class=\"wp-image-12469\" srcset=\"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/6\/2023\/05\/03043926\/image-4-1024x559.png 1024w, https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/6\/2023\/05\/03043926\/image-4-300x164.png 300w, https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/6\/2023\/05\/03043926\/image-4-768x419.png 768w, https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/6\/2023\/05\/03043926\/image-4.png 1056w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\"><em>Line graph titled \u201cAustralian searches for graduate jobs.\u201d With a vertical axis ranging from 0 to 1%, Australian searches for graduate jobs steadily declined in 2022 and early 2023.<\/em><\/figcaption><\/figure>\n\n\n\n<p>Unsurprisingly, Australia\u2019s jobs recovery has proven beneficial to recent university graduates. But what might be more surprising is that this segment of the labour market continues to strengthen even as overall job postings ease nationally. There have never been more graduate opportunities available, with graduate employment outcomes reaching their highest level since the beginning of the global financial crisis. Graduate workers are better positioned to bargain for higher wages or benefits, and have considerable choice in where and how they work.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Methodology<\/strong><\/h3>\n\n\n\n<p><em>To identify graduate job postings, we filter job posting titles for the word \u2018graduate\u2019. This identifies Australian employer graduate programmes and opportunities that primarily go to students completing their final year of university study.<\/em><\/p>\n\n\n\n<p><em>Graduate-based job searches reflect job searches that mention \u2018graduate\u2019. This includes terms such as \u2018graduate\u2019 or \u2018graduate programme\u2019.&nbsp;<\/em><\/p>\n\n\n\n<p><em>The data on employment outcomes for recent graduates is sourced from the annual Graduate Outcomes Survey.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The demand for recent university graduates increased considerably during the pandemic recovery, with demand rising even further in 2023. <\/p>\n","protected":false},"author":103,"featured_media":12379,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"recruiter-hub-blocks.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[140],"post_mwm_category":[226,224],"post_topic":[],"post_content_type":[],"post_duration":[],"post_actions":[],"post_franchise":[],"post_mwm_author":[182],"class_list":["post-12464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_mwm_category-jobseeker-behaviour","post_mwm_category-state-of-the-labour-market","post_mwm_author-cpickering"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Demand for Australian Graduates is Skyrocketing - Indeed Hiring Lab Australia<\/title>\n<meta name=\"description\" content=\"The demand for recent university graduates 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