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Investing in graduates 'is good strategy'
Tuesday, 24 June 2008
Employers would be well advised to invest in graduates as it will pay of when the current economic situation improves, an expert has claimed.
Many companies, especially those in the financial sector, have said they intend to reduce their graduate intake until the economy regains some stability.
However, experts have said employers should be aware of the long-term benefits of recruiting top talent, even as the credit crunch continues to bite.
Commenting on the issue, Paul Farrer, chairman of recruitment agency PFJ, said: "I am a great advocate that any company with a long-term strategy that actually believes in investing in its business is exactly the sort of company that should invest in graduate schemes when times get tough because then you are going to have very loyal workforce coming through when things get better."
The Association of Graduate Recruiters recently stated that employers are expecting the highest increase in graduate vacancies in the last ten years.