Accountancy firm KPMG changes its graduate recruitment process

A new graduate recruitment process is being introduced by KPMG, as the accountancy firm looks to make it more suited to millennials, following criticism over the lengthy recruitment process they face after university.

Applicants will end up finding out whether they have been successful within two working days as a result of the changes, as the multi-stage interview process is turned into a one-day affair.

Previously, the traditional three stages (first interview, assessment centre, final interview) took place across several weeks.

It led to many complaints during a KPMG survey of 400 newly graduated people applying for a graduate job. More than one-third said they were annoyed by how long the recruitment process took, and how long they were made to wait to hear the outcome of interviews.

But by far the biggest grievance was about not receiving any feedback if they were unsuccessful, with more than 50 per cent of respondents complaining about this aspect.

KPMG explained that the change was needed in order to keep ahead of small startup companies, who appeal to graduates thanks to their fast recruitment processes.

Simon Collins, chairman of KPMG, said: “We are competing with the full gamut for the best brains and talent leaving university. Getting our graduate recruitment right is crucial to the long-term success of our business.”

By 2025, it is predicted that 75 per cent of the global workforce will be made up of millennials – people born between 1980 and 2000.