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AGR warns against graduate scheme cuts
Tuesday, 10 March 2009
Graduate Job sector Reports
The Association of Graduate Recruiters (AGR) has called for businesses not to risk "disaster" by cutting back graduate schemes and placements in an attempt to economise during the credit crunch.
Those looking to make savings have been advised to calculate the benefits of investing in graduates in the long term, and to avoid lacking talent when the effects of the recession subside.
Graduates provide both qualitative and quantitative financial benefits to companies and should not be cut out to save money in the short term, according to the AGR.
Carl Gilleard, chief executive of the AGR, said: "HR directors know how beneficial it is to recruit graduates and it is important that this is recognised at board level."
Employers need to consider money brought into the business, motivation of younger staff, positive effects of diversity and knowledge transfer from senior staff to graduates compared to starting salaries and training schemes before deciding to cut back.
This comes after a poll by recruitment firm Robert Half revealed that nine out of ten finance companies are not considering employing graduates this year.