This means that many top graduates are missing out on places to graduates who are job hopping, meaning they gain no experience or the chance to prove them selves. The graduates that are job hopping can cost business dearly in recruitment.
A recent survey of around 1,900 graduates and managers has found that around 40% of new graduate recruits want to leave their current position within two years. Up to 40% wanted to find a job in the next 12 months and 16% wanted to change jobs immediately.
Graduates have recently said they are more interested in a high salary rather than other benefits, yet many employers can bypass this with a fulfilling employment package. Offer training or career progression strategy to retain employees. If a company doesn’t offer these then there is no surprise that graduates want to look elsewhere.
A lot of graduates do expect a lot, (who wouldn’t after spending money on education and then finding there are no jobs or rubbish pay?) yet the most important thing is to manage these expectations. The survey also found that around 10% of the graduates expected to be promoted within their first year of work, there has to be a compromise between the employer and the graduate. Offer an appealing job yet at the same time be clear to the graduate about what they can expect from the company and their role and this will enable the graduate to make a decision and know what to expect.
Download our white paper 'Love 'em or Lose 'em on how to retain those key players...