Graduate job hopping Is damaging the UK economic recovery

Graduate job hopping Is damaging the UK economic recoveryGraduates who keep switching jobs before they become competent in their current graduate jobs are putting the UK economic recovery at risk

Graduates are becoming a burden because of the cost of losing and recruiting graduates is estimated at a year’s salary. Employers are trying their best to keep staff turnover rates down, yet with the ‘facebook’ generation having a short attention span which can be seen to be spilling into their careers.

Many companies have become good at training and improving skills for their staff, whilst putting their most talented individuals on career development programmes. Yet businesses are increasingly coming up against graduates who believe that whatever your employer offers in terms of training and development, job hopping is vital for career progression.

This means that graduates are taking up to 10 -14 jobs by the time they’re 38, meaning that by the time the graduates become experienced in their current role they are already looking for a new job. The bad news for graduates is that they also fail to build up the necessary skills because they keep leaving, also it doesn’t look good to prospective employers when you have entered and left so many job roles within a short time period.

Many Companies offer incentives to employees who introduce new recruits, yet HR managers are now going to have to offer incentives for retention of these recruits. The dilemma is when a new graduate vacancy arises, does the company fill it, or do they leave it vacant, fed up with wasting time, effort, and money. However this leaves a skills shortage, either option is not really attractive.

Share and Connect

                                        

 What are these?

Follow, connect, link to us

Follow on Twitter

Follow Pareto on Twitter

Link to us

Connect with Pareto on LinkedIn

Read our Blogg

Read our recruitment blog

Connect with us

Read our recruitment blog

 

[Search]