COVID fallout | Entry-level roles slashed by a quarter

Whilst reports from outlets such as The Telegraph reported that the UK – along with many other economies around the world – is set to enter a deep recession, many employees are worried about the effect that this may have on their careers and the jobs market.

New evidence sourced by the Institute of Student Employees (ISE) has found that school-leavers and graduates looking to enter the market for the first time this year will face the hardest struggle.

The report stated that young professionals will suffer the consequences of a mass move by many firms to slash entry-level jobs by nearly a quarter as a direct response to the fallout from COVID-19. All jobs considered to be graduate-level will see a decline of around 23%, owing to the ‘volatile’ jobs market forecast – with a further 15% shrinkage expected for 2021.

Looking for more

Career development | How this tech can redefine graduate recruitment

And whilst university-level applicants look set to take a deep hit from the swiftly changing market, all young workers may find it harder to secure new positions, according to the ISE forecasts.