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Removing graduate jobs 'not cost-effective'
Monday, 22 June 2009
Firms which cut back on graduate recruitment this year could end up spending more money as a result in the future, it has been claimed.
In news which could be a boost for people looking for graduate jobs this summer, one human resources expert told Personnel Today that cutting back on hiring university leavers will not be "cost-effective" in the long-term for employers.
Stephanie Bird, board member of European Association of People Management and director at the Chartered Institute for Personnel Development, has called on employers to recruit more graduates.
Delaying recruitment will result in more costs for training and upskilling employees when they are finally hired, she added.
She added: "[Cutting back on graduate recruitment] is short-term gain, in exchange for long-term pain.
"We've seen in the past, and we're seeing now, how companies will over-recruit when times are good, and then shut the tap off when things get more difficult."
PricewaterhouseCoopers and Deloitte recently called on companies to promote graduate jobs in order to prevent any pessimism among university leavers.