Do you really need that job filled by someone who has had two- or three years of experience, or can a new grad fill the role?
In the ever-evolving landscape of tertiary education, there has been a significant shift in how students complete their studies, and how higher education aligns with the needs of industries. This transformation has given rise to a new breed of graduates who are more ready than ever to contribute to the workforce.
With universities, polytechnics, and training institutions offering a diverse range of courses and flexible graduation times, today's graduates are a promising source of fresh talent for businesses. They come equipped with the latest knowledge and skills, yet remain untarnished by the disillusionment that experience might bring.
Rethinking Hiring: Is Experience Overrated? Explore the Value of New Graduates in the Job Market
For businesses, hiring a graduate can be likened to acquiring a blank canvas. It's an opportunity to impart your company's values, knowledge, and expertise to shape a promising future team member. Here are four compelling reasons why you should consider hiring a graduate for your next entry-level position:
1. Agility and Willingness to Adapt
Graduates possess a unique willingness to adapt to new environments. This adaptability is a crucial benefit for businesses, as they bring a fresh perspective and are unburdened by old habits. Graduates are often eager to apply the theory-based and practical knowledge they've acquired during their studies to real-world challenges. They quickly grasp new ideas and concepts, making them agile and open to innovative approaches.
2. Cost-Effectiveness
One of the major cost areas for any business is employment expenses. Graduates typically command lower starting salaries than experienced professionals. While they may lack hands-on experience, their potential and enthusiasm can often compensate for this gap. This cost-effectiveness can be particularly advantageous for small and medium-sized enterprises looking to make the most of their budget.
3. Ongoing Training and Development
Investing in the training and development of your workforce is vital for maintaining a highly skilled team. Graduates may lack practical experience, but they come equipped with a strong foundation of knowledge. By offering structured training and onboarding programs, businesses can help graduates transition smoothly into their roles. According to LinkedIn Learning's 2018 Workplace Learning Report, investing in training and development has a significantly positive impact on staff performance, growth, and retention. The commitment to nurturing talent also fosters a positive work environment.
4. Tech Savvy and Innovation
Today's graduates have grown up in a digital age and are accustomed to using technology in both their personal and educational lives. Universities and polytechnics often provide access to modern and cutting-edge technology, ensuring that graduates are tech-savvy and comfortable with the latest tools and platforms. Even if your business does not directly utilize these technologies, their technical knowledge can bring fresh insights and innovative solutions to your processes and operations.
In Summary
Hiring a graduate can be a strategic move for your business. Their agility, cost-effectiveness, commitment to ongoing development, and tech-savviness make them valuable additions to your team. By providing guidance and mentorship, you can shape them into valuable contributors who bring a new perspective and energy to your workplace. So, why not give a graduate a chance and witness the impact of their innovative thinking and enthusiasm within your organization? It might just be the change your business needs.