Graduates no longer favouring a competitive annual salary but competitive company benefits
Graduates are starting to look for roles which provide a bonus and performance related pay structure when searching for their first step on the career ladder a new report has found.
With many students unemployed, the old job market that saw employers battling to lure the top graduates with competitive reward packages and eye-catching starting salaries. According to the Association of Graduate Recruiters (AGR) 2009 report, graduate vacancies were frozen for the first time since 2003 and many are still to be ‘defrosted’.
With the markets slowly recovering employers are starting to increase their bonus and reward bases pay structures as the most influential factors to support staff and fill the graduate vacancies that have been left empty since 2008. This put together with pension schemes and healthcare benefits were what graduates are currently looking for due to the annual salary having been unmoving from on average £25,000.
With any graduates coming out of university without experience, it is therefore important to incentivise them to continuously improve themselves. Graduate jobs that offer a strong employer brand also have to include employee benefits along with a competitive annual salary to attract the best graduates and sort between the thousands applying for the role. This has seen many firms opt for recruitment firms to run their assessment days because of the ever increasing unemployed applying for each role
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