Thursday, 3 March 2011

Do you need a graduate recruitment agency?


In this time of uncertainty many business are cautious when considering recruiting graduates, especially when recruiting for small SMEs. The cost of getting it wrong can mean that in the end they don’t have the funds to recruit anyone and are out of pocket. If the decision to recruit is made, then finding the right quality graduate is paramount, graduates have been found to swap jobs on average every nine months, which when hiring a new employee can cost around one third of a departing employee’s annual salary.

Most staff turnover, around 80% is due to poor hiring decisions; this alone should compel employers to invest in proven recruitment strategy which is where a good recruitment agency (such as Pareto Law) comes into play.

There are many things to consider when recruiting graduates, because they have no experience it will mostly be based on ability, academic qualifications and personality. Being able to find the right graduate who fits the role, as well as the company culture and is focused on progression, learning within the company rather than a quick step up is extremely hard. Therefore it is risky to take this into your own hand, using a recruitment agency they can affectively, with lots of experience, analyse the relevant candidates and take them through a competency based assessment day, as well as follow up interviews to find the perfect candidate, saving companies time, and in the end money when the graduate goes on to be very successful.

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