Exposed Pros And Cons Recruiting Fresh Graduates. There are several different philosophies regarding how to recruit staff efficiently and how to recruit them. Most CEOs of large companies support the concept of having more than just talent.
Richard Branson of the Virgin Group believes in majorly hiring is more for personality rather than skill or experience. Exposed Pros And Cons Recruiting Fresh Graduates.
Other CEOs have different ground rules. Apple founder, Steve Jobs, believes in bringing in talent that will move the company further rather than “yes” people. Exposed Pros And Cons Recruiting Fresh Graduates.
To recruit or not to recruit? It is one of the many challenging things that most human resource managers, recruiters, executives, or company owners have to deal with as they face the reality of new graduates.
Some human resource departments, and recruiters, are always in favor of recruiting these new talents to their organization. In reality, they’ve been doing this for many years. They’ve got another point of view.
To help you with this problem of Pros and cons Recruiting fresh graduates, we have developed a pros and cons guide to help you determine whether to recruit a new graduate or not.
Exposed Pros And Cons Recruiting Fresh Graduates
PROS
1. Fresh graduates = fresh perspectives = fresh ideas.
New students are a source of new ideas and perspectives. they’re full of enthusiasm, passion, and strength.
We accept technology as an integral part of our daily lives. In reality, most new graduates use technology when applying for a job.
Coming out straight from college, there aren’t used to corporate culture yet. New graduates provide a rich source of creative thinking that is up-to-date with current trends and cultural identity.
It is a tremendous benefit for a company that urgently needs new, out-of-the-box ideas to move forward.
2. Fresh graduates are willing to do more.
You should never worry about the excitement of a new graduate at work. The enthusiasm that a new graduate brings to an organization can be a fuel that attracts long-term workers.
New graduates typically don’t say no to the work assigned. In reality, they’re excited if you’re going to give them extra assignments. They can be fine-tuned as per the requirements of the company.
Fresh graduates are attempt hard to make an impact at work. They can do more, take more, and yet operate at the same energy level.
And while they have no external obligations yet, they are the most dedicated people at work.
3. Low-cost Manpower
They are low-cost workers, and that is the most realistic truth in recruiting new graduates. Unlike experienced manpower who have been overblown asking salaries.
Choosing the most accessible but eligible candidate remains one of the easiest. Fresh graduates are willing to accept the median salary by default.
From a company point of view that is better compared to the higher salaries for experienced manpower.
4. Internal growth
Hiring straight from college also lays a solid foundation in a company’s employee base. Working with employees from day one leads to stronger internal promotions.
Executives that know how the company works inside and out. Having a new pool of talent within a company is a great way to strengthen culture and company values.
At the same time, offering an attractive path forward to people who are just beginning their careers.
Ramkumar, Executive Director – HR of ICICI bank says,
“Today 90% of our 25,000 plus people we recruit every year from our university Alliance channels.
We have a complete ecosystem that is created around us which is supplying us with 90% of our requirements every year. The beauty is that these kids are from tier 4 tier 5 cities.
Where broadly their family income is less than 4 lakhs, fire in the belly won the job nearly pick these kids and craft them.
We cannot give attitude, we can only give knowledge and skills. So we recruit for the attitude rest will be taken care of by us. We are into buying people and making them fit for something.
There are lakhs and lakhs of fresh graduates available and they are very good. We provide training for some people for 3 months some people for 6 months and some people for nine months.
When they complete this training then they are brought back into the company. Our kids are productive first-day the first hour”.
CONS
1. Require more training time
Newbies have a lack of experience in the real world. It is a reality for recent graduates. They may have some good internship records or some work experience on the side.
Their knowledge is not good enough for some of the specialized tasks and the corporate world. Leaders need to spend enough time training new graduates to get them up to speed.
The learning curves of recent students appear to be higher than those of seasoned professionals.
You need to spend more time and energy in training new graduates in the community, processes, and protocols of the business.
2. Tending frequent changing of jobs
Although fresh graduates can have a lot of energy and enthusiasm at work. There is also a strong tendency for them to jump around new jobs.
This is true when they don’t get the satisfaction and happiness they’re looking for in a job.
They are very much ambitious, more hopeful, and more positive in most situations, these values are not in line with the company’s culture and strategy.
Most new graduates end up doing freelancing or part-time jobs. Studies show that in less than a year, they quit to pursue a more rewarding career.
3. High expectations before the time
It’s indeed easier to recruit a new graduate. But, contrary to what you think, a new graduate might ask for a higher salary in return for his or her education.
The median wage for new students has risen significantly in the past five years.
All of these combined, a fresh graduate’s initial selling price can be higher than what you expect.
However, it is also much cheaper relative to the quality of experienced professionals who have essential skills.
4. Lacks direction or decision-making skills
Fresh graduates have never been asked to make decisions that directly affect your business or your customers’ businesses.
For you
In the end, hiring new graduates is more of an advantage than a choice today. There are more fresh pass-out students every year than experienced professionals.
The fact that they have so much energy, updated knowledge, creativity, and excitement is equal to a more diverse and stimulating business culture.
The bottom line is that you will also require people on board who can bring fresh ideas and perspectives to the table.
Indeed these are the prerequisites for advancing in a career under WFH and new communication systems