At the end of the 2014/15 academic year, there were just over 1.5 million Graduates, all looking for jobs. Each of them – ready to get down to work, and start building a career for themselves.
Recruiting Graduates is bigger than ever!
A Graduate Programme is a way of bridging the gap between academic and working life – recruiting Graduates who have shown academic ability, but have little to no experience of working life.
Implementing a Graduate Programme into your business and could be a smart move for the future. However, like most things, it comes at a cost. Because of this, you’ll need a robust case to prove the Return on Investment (ROI), and the true value of Graduate Recruitment.
Here are some situations in which recruiting Graduates might generate a good ROI for your graduate recruitment process.
– When your business is looking for cost reduction
Who isn’t looking to do more with less these days? Reducing everyday costs is a reality for many UK businesses, and can often put a lot of pressure on Managers and HR teams to come up with new ways of working. Considering the workforce is the most sizeable investment a Company can make, Graduates may be able to make a massive impact. Think about it; instead of continuously recruiting experienced and costly Sales Execs – why not introduce a Graduate Sales Scheme?
With the right level of training and support, you can expect to receive the same high-standard of work as an experience employee. And, potentially, you can develop a recruitment channel at a fraction of the experienced-hire cost.
– When your business is facing future skill gaps
Some industries, such as Construction, suffer from an ageing workforce. Unless you take action, there is always potential for this gap to increase and, at some point, you can find yourself left behind. This can leave a company with a massive skills shortage in the future. Recruiting Graduates brings fresh talent into the Industry – filling the skills gap that you might have been facing.
– When your business is embracing new technology
Technology has improved by leaps and bounds over the past decade, and will continue to improve indefinitely. Graduates, being of the younger generation, are more accustomed to using new and up-to-date technology. Technology = efficiency. So, by one degree of separation: Graduates should = efficiency.
– When your business needs young, innovative thinking
Graduate have the most recent theoretical knowledge, and nothing to lose by speaking their minds. Because of this, they aren’t afraid to questions processes, and maybe even suggest doing things another way. So, if you’re suffering from long-tenure, and an unwillingness to change and adapt – a Graduate Programme could be extremely beneficial to your Company.
Like most things, there are a lot of costs associated with running a Graduate Programme. And, as well as this, there are a lot of opportunities for things to go wrong. However, with careful planning, appropriate recruitment processes, and sufficient investment – a Graduate programme can be extremely beneficial for you, and for the future of your Company. A well-planned Graduate Programme could produce a Return on Investment that is greater than you could have ever imagined. All it takes is that initial investment.
So, why wouldn’t you have your own Graduate Programme? Comment below to let us know any issues you have faced with yours, or anything that is putting you off running your own – we’d love to know!