Hiring a graduate has many benefits for any growing business. With cut-throat competition and economic uncertainty looming ahead following a recession, graduates provide a return on investment making them indispensable for your organization. As human capital, they are very beneficial because all the time and effort you invest in them really pays off. Hiring qualified workforce adds to your business profits and yields steady returns.
If your business wants to make big bucks, graduates are the perfect choice. Rather than fitting square pegs in round holes, you can get workers who are a blank canvas and can be moulded as per your business needs and requirements. But what really makes graduates a better choice than non-graduates and veterans? Let’s see how far your company can grow, with a hiring process that focuses on graduates.
Benefits of Hiring Graduates
ROI is High, Profits Multiply
Proven return on investment is what makes graduates the right choice for any business that values growth and stability. Their contribution to business profits are far higher than non-graduates. They are worth every penny your organization invests in them.
Business owners seek experience. But veterans come at an expensive price tag with their own demands. Graduates, on the other hand, do not have any problem adjusting to new work patterns or making the transition from one work setting to another. Their flexibility sets them apart from their more experienced, but less accommodative counterparts. Adjustability is a big plus if your business is making a transition to a larger company with more steady returns and profits.
Graduates also have a lot more abilities when it comes to acquiring work related know-how. The learning curve for them is virtually non existent because they are fast learners with the skills and potential to understand new business technologies and solutions. Challenges and obstacles do not deter them. This ensures that difficult projects and tough targets are within the reach of your business, if you hire them.
Fresh Ideas, New Skills
Graduates also have innovative ideas that make a difference. They are tech-savvy and creative at the same time. This makes them perfect as a driving force for any business and a stable engine for growth. They also do not lack business skills, as against non-graduates. From communication to organizational skills and problem solving abilities plus data analysis, they have a huge reservoir of knowledge and a thirst for acquiring new skills as professionals. This can be tapped to create a solid base for the organization or business they work for. Graduates have the ability to continuously learn in a working environment and form part of a culture. Some of the skills they excel in include:
- Written and verbal communication
- Problem solving
- Data organization
- Data analysis
- Technical skills
Injecting new ideas and energy into current projects and initiatives, graduates increase diversity within an organization’s work team.
Succession planning? hire fresh talent!
Providing a career path for graduates and helping them to attain higher positions ensures that talent you acquire gets the chance to grow. So does your business. After all, succession planning prevents a dearth of good talent at the top.
More affordable than experienced hires
Veterans are more expensive when it comes to salaries. They also incur additional costs when training in new technologies is involved. New grads have a stable understanding of how to use fresh technologies, combined with extensive knowledge of the software and hardware updates. They are skilled in all aspects of internet and social media as well as mobile apps.
College hires= team players
If your organization wants to win, you need to hire team players. Graduates have experience in working in teams. Cross-functional teams as well as group discussion and teamwork comes naturally to them. They have a 360 degree efficacy across teammates, regulators, vendors and customers.
Social networking and web 2.0 tools equip them to deal with work challenges better. College grads such as Kobe Bryant and LeBron James are basketball stars outpacing professionals. Graduates have raw talent and they are skilled at teamwork too. A result oriented hiring process should choose graduates because your business needs star performers, not amateurs!
Multitasking with energy and enthusiasm
Graduates are multitaskers in the Internet age where information overload is a reality. They also have the energy and drive to see the project through and take on high risk assignments. Numbers, statistics and metrics come as easily to them as people skills because they have been trained in the latest methods of research and analytics.
Perspectives that look beyond the obvious
Rather than being limited by the corporate world and everyday realities, graduates use their creativity and imagination to think outside the box. Innovation leads to improved financial performance because new perspectives are needed. A fresh way of looking at things points out the problems and posits solutions to existing problems in a manner that involves ingenuity.
Continuous learning promotes adaptability
Grads are also masters of continuous enrichment through lessons and learning experiences. They are willing to work hard to prove themselves and do not fear asking questions or looking for answers beyond the obvious. They are also open to fresh ideas and innovative working styles that can add a lot to your work culture and improve employee productivity through a domino effect.
Hiring College Grads= Sustained Business Growth
Millennials make for the perfect employees, as they are punctual, committed, and driven. Energy, dynamism, and vibrancy that they add to your organization is fuelled by entrepreneurial skills that are oriented towards expanding business horizons.
A Stanford University survey also found that GenY grads are more independent minded and value creative freedom. Given a workplace that nurtures their skills, sky’s the limit as far as achieving business goals is concerned.
Enhanced market value and grow a brand story that resonates with customers by hiring talented grads. If you want to improve market visibility and drive growth, graduate employees should be the focus of your hiring process. For any business to grow, fresh and qualified talent is a must, and this is why grads fit the bill when it comes to creating a niche market for your organization or marketing products and services in new and innovative ways.
About the Author:
Co-Founder & COO- Mettl ( mettl.com)
Tonmoy holds an Electrical Engineering degree from IIT Kanpur (1998-2002) and an MBA from IIM Bangalore (2006-2008). He is widely travelled and has worked with a number of industry leaders, including Texas Instruments, Boston Consulting Group, JP Morgan and World Bank. In addition to his extensive financial experience, Tonmoy holds three patents in security algorithm design. His unparalleled attention to detail and operational excellence make him a vital part of the Mettl.com team.