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Top firms offer extra financial perks

Published: Thursday, 15 May 2008   Category: Life after graduation

While the world's most successful companies do not always pay the highest salaries they do offer greater bonuses, graduates have been told.

Research carried out by Consultancy Hay Group discovered firms on the 2008 Fortune's Most Admired Companies (MAC) list pay employees an average of five per cent less than their rivals, reports Personnel Today.

However, better news for those interested in graduate jobs at listed companies including Google, Starbucks and Goldman Sachs, is that staff retention levels are higher at the top firms, partly due to the other financial incentives on offer.

Hay Group associate director Colin Evans said the companies on the list had not simply "stumbled on the formula for making employee reward programmes work more effectively".

"The key differentiator between higher and lesser performing companies is the implementation of successful employee reward strategies," he added.

According to the latest Associate of Graduate Recruiters survey, the median starting salary among graduate recruiters in 2007 was £23,500, up 2.4 per cent on the previous year (£22,953).

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