Graduates
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.
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