Welcome to the 1st post in our 4 part series on creating your first graduate program! Graduate programs are structured, 2-3 year development programs designed to embed recent graduates into an organisation.
- The Value Graduates Can Bring to Your Organisation
- Building your Business Case for Hiring Graduates
- Attracting Graduates to Your Organisation
- Key Considerations When Creating a Graduate Program
One of the biggest challenges to confront any manager wishing to hire graduates is gaining key stakeholder endorsement and funding approval for a graduate program. So, what do managers need to include in a strategy to get their program, funding and graduate numbers approved?
Put yourself in your stakeholder’s shoes and ask yourself: why you would invest a significant amount of money, time and resources in recruiting relatively inexperienced, fresh-out-of-university employees who need to be transitioned to corporate life?
The answer is simple: graduates have potential. Combine that with the fact that they are energetic, innovative, tech savvy and, let’s face it, a very cost-effective resource, and it all culminates in a strong business case for injecting any talent pipeline with graduates.
It's all about strategy
The strategic intent of any organisation’s graduate hiring is to bring in energetic, innovative and fresh talent who will create a pool of potential future leaders. Increasingly, employers will seize the opportunity to gain a competitive advantage through their people strategies. Top graduates are well educated, highly innovative and ready to prove their worth in a real working environment, and all for a much lower salary than a standard employee.
The reality is that not every new graduate will become your next CEO. But statistics do show that graduates who have been with an organisation for more than five to seven years are more likely to grow into future leaders and take on senior positions.
Want to start targeting graduates in your area? Click here.
Want to talk to the experts about starting your new graduate program? Talk to Fusion Graduate Consultancy.