Graduate Recruitment Versus the Credit Crunch

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Graduate recruitment may offer the solution to companies who need to grow their work force amidst the current economic challenge, says meta-morphose International.

While graduates expect a competitive salary and benefits, what they tell us is a more important factor when considering a potential employer is that they work for a progressive company that offers long term career prospects

Graduate recruitment may offer the solution to companies who need to grow their work force amidst the current economic challenge, says meta-morphose International.

According to research released in July by the AGR, UK companies continue to recruit graduates despite predictions that the current economic climate would affect graduate level vacancies.

What has been affected is the salary range offered by employers, with many salaries remaining the same or at the most meeting cost of living increases.

Roy Bowles, Managing Director of meta-morphose International, said, "The credit crunch represents a unique challenge for organisations that need to reduce costs while at the same time increase their work force in order to grow as a business. The graduate pool represents a solution."

Many companies that recruit based on experience are likely to face several unique challenges, says Roy, "Firstly candidates with experience are higher up on the career ladder so obviously have greater expectations in terms of starting salary. Secondly, the really talented, experienced candidates are usually retained by their employers, who know better than to let a talented employee slip by them."

Companies still need to reduce costs whilst recruiting to meet pressures of targets

These factors, coupled with the fact that company budgets for recruitment and training are under scrutiny - now more than ever - means that the graduate pool may offer a cost effective and long term solution in terms of workforce development, as starting salaries are often much lower then their experienced counterparts.

"While graduates expect a competitive salary and benefits, what they tell us is a more important factor when considering a potential employer is that they work for a progressive company that offers long term career prospects," continues Roy. "The challenge is to ensure new recruits are properly trained and developed - obvious for graduates but also true for those with experience also."

Graduate vs. "experienced" candidate

Always the first concern with recruiters is that new employees will fail to meet the expectations of their position, but research by the AGR and other organisations suggest the real issues lie in deficits in soft skills such as team work and communication. meta-morphose International claims part of the responsibility lies with the employer, "we've proven that with proper training and coaching even the most inexperienced graduate can meet and exceed the targets of even the most seasoned professional."

Is there a solution for organisations whose budgets won't stretch to recruitment and training?

Sharing the risk of budget concerns

meta-morphose International claims to have the answer, having designed a tailor made solution to give company's the most flexibility and security when recruiting and training graduates. "We've always been willing to prove that our graduate recruitment and sales training process works, which is why we offer to replace a candidate that is not achieving free of charge, within the first twelve months of placement.* Our 94% success rate illustrates we rarely have to do this, but this is only half the story. For companies who need extra reassurance we've developed a train&invest© scheme which allows employers to take on a new recruit for an eight week period while receiving full coaching support and sales training at no additional cost should they not work out* - this may seem crazy, but illustrates the confidence that meta-morphose has in the graduate talent pool for the future of UK industry."

For more information contact meta-morphose International at info(at)meta-morphose.co.uk or on 01242 253 253.

http://www.meta-morphose.co.uk

*Terms and conditions apply.

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Scott Deane
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