Whilst experience is always a bonus, the hiring of graduates is also good for a successful business. Here are a few reasons why.
It may seem obvious, but an experienced person is going to want more money than a graduate, even if they are applying for the same position. To reduce annual company salaries it makes sense to hire the cheaper option.
Loyalty and Enthusiasm
The fact that you’ve hired a graduate and given them an initial taste of working life would tend to make them err on the side of gratuity. Carefully managed, this could translate into loyalty to your company. The inexperienced graduate would want to prove they can perform as best they can in their new job, possibly with little knowledge of the market and arguably their true worth. Should they turn out to be one of your better performers, managing them successfully could mean they stay for longer than they otherwise would.
New graduates are more likely to be adaptable and au fait with current and emerging technology. It could be better to have an employee who is more capable of throwing themselves into various fields of work, rather than an expert in just one or two. The ability to use new technology is also obviously a bonus, allowing your business to stay at the cutting edge of new developments.
These, plus other reasons that can be found on The Undercover Recruiter, are just a few reasons as to why graduates are excellent candidates to hire for your business.