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Small businesses recognise importance of graduate recruitment

Published: Friday, 21 August 2015   Category: All Graduate Jobs News

The UK’s army of small businesses have recognised the need to recruit current graduates, with many firms believing that millennials will play a key part in future success.

However, they also said they need to do more to attract those born between 1980 and 2000, according to Lloyds Bank Commercial Banking. 

This is a welcome boost for graduates as they are among those who in demand, especially as 86% of SMEs say that future business growth relies on their ability to recruit from the millennial generation.

A quarter of small business bosses even said that they want a millennial to take over their business one day, suggesting that there are opportunities to progress through companies too.

It is thought that millennials will account for more than half of the global workforce by 2020, meaning many of them will shape the workplaces of the future.

More than three quarters of SMEs revealed they feel under pressure when seeking to hire staff, 
suggesting that they are unsure of the approaches to use.

A third of firms also revealed that a candidate had opted for a different job as they had not been impressed with their business culture.

This was a key factor for millennials as 56% said they would turn down a job if they didn’t like the culture, even if the salary was right.

It’s therefore essential for businesses to take steps to ensure they appeal to graduates and younger people, and 88% of SMEs said they were looking into ways of doing this.

Many graduates will look for companies that offer benefits of perks that suit their lifestyles, with flexible working hours, regular training and home working among the things that workers would most like to have.

Attracting graduates benefits small firms too, as they can bring new ideas, fresh thinking and digital skills into the workplace.

Grad Plus has a number of graduate schemes and other roles with companies of all types and sizes, providing those fresh out of university with plenty of options

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