Return on Investment of Recruiting Graduates
Release Date: 09 November 2009
Over the past year many businesses have made the decision to stop graduate recruitment schemes or not to hire at all, due to the initial costs associated with taking on new employees. This decision is now being challenged by a new study, which states that by their third year, mid-sized graduate recruitment and training programmes - those which involve the hiring of 170 graduates - generate a £5.30 return for every £1 invested.
Research completed by Lancaster University has now shown that the return on investment of recruiting graduates can be huge. The formula used, identifies the ratio between the cost of investment in a graduate and how much a graduate 'earns' for a business in the long-term.
Lack of experience of the working world means that it can take a fresh graduate slightly longer to settle into a new role. But this research suggests that given the appropriate training and support, graduates are most definitely worth the investment, due to the value that they add further down the line.
Discovery Graduates Open Programme helps ensure the smooth transition from academia to work life delivering a structured, ‘results focused’ development plan and training programme which emulates the programmes used by many of the worlds leading graduate recruiters and is designed to develop key business and personal skills.