As a business owner, it’s important to ensure you find a candidate with the skill set you are searching for but also at a reasonable salary that fits in your budget. For this reason, businesses of all sizes are often interested in hiring a recent graduate; however, there are many different considerations you should keep in mind if you want to take this route. In this article, we will explore the positives and negatives associated with hiring a recent graduate to help you determine if it may be the best approach for your business.

Salary Considerations

Perhaps the most common reason for seeking out graduates as potential employees are the ability for businesses to save on salary costs that would otherwise be higher for candidates with more experience. While this may create a learning curve, it allows a business to mold the employee to their specific needs while still saving valuable operating capital that can be diverted into other areas. In some cases, this could be as much as $10-20k less in salary budgeting annually.

Increased Technological Skills

All modern industries are relying on new and innovative technology to streamline their processes, become more efficient and increase revenue. Many college grads will already be able to use new technology upon exiting college because they have grown up with many of the technological infrastructures that older workers haven’t. This also allows them to adapt quickly to new systems that may become available.

Long Term Investments

Most recent graduates are looking for a position that they can grow into and steadily reach new levels in their career path. This drive and dedication make it a smart decision to hire a recent grad that is quickly looking for a start to their career. Even more important, a recent graduate can be steered and trained for positions that you will need to be filled in the future.

Easier Management

Experienced professionals within an industry often feel entitled and believe that their past experience will work for any business that they move to. Unfortunately, this isn’t always the case. When working with a recent graduate, you will find it much easier to manage them and they will tend to work well with authority figures to determine the best outcome possible for the business.

Ability to Adapt Quickly

While a recent graduate will typically be lacking some of the skills that you would pay more with for an experienced professional, they will typically be able to learn quickly if given the right amount of guidance. Coupled with their ability to multitask, many of these entry-level employees are capable of learning while doing and are eager to expand their skills and comfort in their new job as fast as possible. 

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