ERIC Number: ED477404
Record Type: Non-Journal
Publication Date: 2003
Reference Count: N/A
Measuring Up: Benchmarking Graduate Retention. IES Report.
Tyers, C.; Perryman, S.; Barber, L.
Retention of college graduates by employers across the United Kingdom was examined. Data were collected through a survey of 362 organizations and interviews with 36 employers and their graduate employees. Most employers were unworried by their levels of graduate retention; two-thirds expected to keep new recruits for the foreseeable future. Rates of retention of graduates averaged 86% after 3 years. Although one-third of the employers surveyed had managed to retain their entire graduate intake 1 year after appointment, approximately one-fourth of employers lost up to 50% of their intake within 1 year. Small employers had the highest average retention rate. Retention rates were lowest among employers recruiting to general roles rather than to those reserved for graduates or those involving formal and/or professional training. Employers offering higher starting salaries had the best retention rates. The overall market appeared stable, and starting salaries were predicted to grow slowly over the upcoming year. More than 40% of employers lacked any form of monitoring system that might provide insights into why graduates leave. The most popular techniques used for retaining graduates were offering technical professional training, offering mentoring/coaching, and providing planned career and/or salary progression. (Seventeen tables/figures are included. The bibliography lists 16 references. Nine additional benchmarking tables are appended.) (MN)
Descriptors: Benchmarking, Career Ladders, College Graduates, Education Work Relationship, Employer Attitudes, Employment Patterns, Entry Workers, Foreign Countries, Fringe Benefits, Higher Education, Labor Turnover, Mentors, Occupational Surveys, Personnel Management, Promotion (Occupational), Recruitment, Trend Analysis
Grantham Book Services, Ltd., Isaac Newton Way, Alma Park Industrial Estate, Grantham NG31 9SD, United Kingdom (19.95 British pounds (bound copy); 8 British pounds (pdf)). Web site: http://www.employment-studies.co.uk.
Publication Type: Reports - Research
Education Level: N/A
Authoring Institution: Sussex Univ., Brighton (England). Inst. for Employment Studies.
Identifiers - Location: United Kingdom