Next Roundtable · Thu 14 May · "Managing Candidate Overload"
Solutions · Hire

Your graduate scheme that worked in 2019 isn’t working in 2026.

Application volume is up. Cost-per-hire is up. Twenty-four-month retention is down. The mechanics that worked when graduate hiring was driven by target-university milkrounds and SHL aptitude tests don’t hold against AI-prepped applications, AI-flattened case interviews and a candidate market with parallel-offer expectations. Graduate & Intern Recruitment is the end-to-end solution that rebuilds the scheme around what actually predicts performance — while bringing the cost-per-hire back down.

The graduate-scheme math

Highest cost-per-hire, lowest retention — and you can’t see which fix matters most.

Graduate hiring is the highest-cost-per-hire and lowest-retention pipeline most early-careers teams run. £18,000 to £25,000 per hire all-in (assessment, marketing, brand, team time). 24-month retention around 60%. That means roughly 40% of your most expensive hires aren’t there at month 24, and you’re back in the market with the same problem.

Even small improvements in either number compound. A 10pp retention lift on a 200-graduate scheme is worth roughly £400k in avoided replacement cost; a 1.6× performance uplift on the surviving cohort is worth more, in some businesses substantially more.

Applications per role
1,200+
Average for finance and consulting graduate roles. Tech around 200–400; engineering similar.
24-month retention (industry)
60%
UK graduate-scheme 24-month retention benchmark across major-employer cohorts.
TTP cohorts
78%
24-month retention on TTP-deployed graduate cohorts. +18pp vs benchmark.
Cost-per-hire
£18–25k
All-in cost per graduate hire (assessment, marketing, brand, team time, onboarding) at major UK employers.
If you don't fix this

You hire more to compensate — and the unit economics get worse.

When the 24-month retention number drops, the operational response is usually to hire more to compensate. That makes the cost-per-hire problem worse: more inbound, more screening time, more brand spend, and the underlying performance and retention numbers don’t move because the assessment process driving them hasn’t changed. Within two cycles you’re running a bigger version of the same scheme that wasn’t working last year, just costlier.

A bigger graduate scheme isn’t a better graduate scheme.

Graduate & Intern Recruitment is the end-to-end programme-management solution — designed around the operational outcome (performance + retention), not just the input (cohort fill). Behavioural-evidence assessment from IWX feeds the Assessment Platform; structured video interviews on TalentScreen; programme-management on TalentHub; first-90-days onboarding integrated; 24-month retention tracking back-fed into selection model calibration. The internship pipeline is integrated with the graduate scheme — converted interns are the most-retained cohort segment for most employers and we manage that conversion explicitly.

How we deliver this

Six things that make a graduate scheme work in 2026.

Designed against the metric most graduate-scheme leads actually have to defend at year-end — a combination of cost-per-hire, first-year performance and 24-month retention. Not just “cohort fill”.
01 · Programme

End-to-end programme management

Single programme dashboard across attraction, assessment, interview, offer, onboarding and retention. Scheme-leadership view that rolls up the operational metrics they actually have to defend.

02 · Behavioural

Evidence-based scheme design

Behavioural assessment models tuned per role family — advisory, audit, software engineering, product management, etc. Validated against first-year performance per role: r = 0.42 average across deployments.

03 · Intern

Internship-to-graduate pipeline

Internship cohorts managed as part of the graduate-scheme pipeline. Converted interns retain at 84% vs 60% for direct hires; we manage the conversion mechanics explicitly.

04 · Retention

24-month retention tracking

Programme-level retention KPIs at 12 and 24 months, fed back into selection-model calibration each cycle. Most clients see retention move within two cycles.

05 · Performance

First-year performance measurement

Hire-to-performance correlation tracked at 12 months — r = 0.42 vs r = 0.18 with CV-only cohorts. The metric that justifies the platform to your line-manager community.

06 · Fairness

Adverse-impact built in

Real-time 4-fifths-rule monitoring across protected characteristics. The number your D&I committee actually wants — cohort, role family, business line and interviewer disaggregations.

What this connects to

Every solution, in one programme.

Graduate & Intern Recruitment is the most multi-product solution we run. It draws on Schools Engagement and Immersive Work Experience upstream (where the pipeline starts), Candidate Attraction & Engagement (where they enter the funnel), Application Management and the Assessment Platform (selection), Video Interviews (panel), Identity Verification (RTW) and Onboarding (first 90 days through to year-end review).

Most clients deploy this as a multi-year programme rather than a single-cycle engagement. The retention and performance outcomes only show up cleanly at 24 months.

Platform
TalentHub
Programme-management hub. Single dashboard across attraction, selection, retention.
Pairs with
Assessment Platform
Behavioural-evidence assessment that drives the performance and retention uplift.
Downstream
Onboarding
The first-90-days programme that turns offer-acceptance into 24-month retention.
Service tier
Recruitment Outsourcing
If you want us to run the whole scheme end-to-end.

Graduate & intern programmes at

FTSE 100 bank PwC Microsoft John Lewis Schneider Electric Channel 4 Costa TfL
Talk to the graduate-scheme team

Got a graduate scheme built for 2019?

Most clients start with a 60-minute scheme audit: we plug your last three cohorts’ data (anonymised) into our cost-per-retained-hire model, walk through where the leakage is, and tell you which of cost-per-hire, performance, or retention is most fixable for your scheme. Walk away with a numbered list and a sense of which intervention pays for itself first.

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