KPMG listens to graduates and changes hiring process
Streamlining its recruitment processes for millennials makes good business sense for KPMG, as it proves the professional services firm has listened to feedback, says a spokesperson.
The comments come after news that KPMG has cut back on its recruitment processes for millennials, as Recruiter reported earlier this week. The firm has condensed its traditional three-stage recruitment process of first interview, assessment centre and final interview into a single day.
KPMG’s new streamlined approach, known as Launch Pad, also enables students to gain new skills, network with existing KPMG staff and partners, as well as their peers.
The firm’s move follows research carried out with market research company High Fliers Research that showed millennials were frustrated by lengthy recruitment processes (34%) and poor communication from their potential employer (43%), with over half complaining they did not receive any feedback when applying for a role.
A KPMG spokesperson told Recruiter in a statement it made good business sense for the firm to listen to views and feedback about graduate recruitment, and transform its practices to show graduates of all ages the firm listens to their feedback and adapts processes.
This is especially important, the spokesperson added, due to the “fierce” competition for the very best graduates, “even more so now big businesses are competing with smaller start-ups as well as their traditional competitors”.
The spokesperson said the new process provides more certainty to candidates about what will happen and when.
“Successful candidates will receive a job offer more quickly so that they can then focus on their studies and university life without needing to attend further interviews.
“There’s also the opportunity to learn a new skill. This will help them to determine whether KPMG is the right fit for them.”
The programme is being rolled out now for 2017 graduate trainees, while the firm will be running Launch Pad recruitment events around the country from October 2016.