The absolute state of graduate recruitment – we can’t keep them past 3 years

The Challenges of Graduate Retention in Today’s Job Market

In recent weeks, I’ve faced a disheartening trend within our firm: two of our newly qualified graduates have decided to move on just after achieving their ACA qualifications. This brings the total to five leavers this quarter, all of whom have opted for industry positions that offer more competitive salaries and benefits.

It’s becoming increasingly apparent that our firm is inadvertently nurturing talent that larger corporations are eager to recruit. Despite our attempts to enhance our retention strategies, it often feels like our efforts are in vain. Current salary increases simply aren’t comparable to the lucrative offers available in the corporate sector. During our recent partners meeting, it felt as though we were collectively ignoring the issue rather than addressing it head-on.

I’m curious to learn how other firms are managing this situation. Are you successfully retaining your newly qualified staff, or are we all facing similar challenges? Traditional perks—like pizza lunches, table football, and vows of accelerated career progression—seem ineffective at addressing the root of the problem. Much of the feedback I receive points to our demanding work conditions, particularly during busy seasons. We expect loyalty, yet the workload can be overwhelming.

Perhaps I’m starting to feel the weight of my years in this industry, as the newer generation appears much more inclined to prioritize work-life balance. I can’t blame them; given the intense demands we place on our employees, seeking a more manageable lifestyle is understandable. In my early career, many of us persevered for five or six years before considering a move. This perspective seems to be fading, and it raises the question: how can we adapt to better meet the needs of today’s graduates?

I’d love to hear thoughts from fellow professionals in the field—how are you tackling this pressing issue? Let’s share strategies and insights to navigate the evolving landscape of graduate recruitment and retention.