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Graduate recruitment gives 500% return

Published: Thursday, 29 October 2009   Category: Employer News

Employers who offer graduate jobs are seeing the money they spend in the process come back to them five-fold.

Illustrating the benefits that recruitment of graduate talent has for businesses in the UK, the government's Backing Young Britain campaign found that the cost of employing and training a university leaver is made back after 20 months.

After three years, every £1 spent through graduate recruitment schemes yields a return of £5.30, proving the worth of the initiatives even during a recession.

Firms such as BT have closed their graduate job schemes in recent months.

Dr Anthony Hesketh, the University of Lancaster representative who conducted the research, said: "We know that in these tough economic conditions businesses are considering the value of graduate recruitment; however, they remain a vital source of future capability for organisations."

Automotive firm Mercedes-Benz recently revealed that it would open up more graduate jobs in the Milton Keynes area in the next year thanks to extra funding from the government.