Should I hire a Fresh Graduate or Experienced staff? This very common question arises when deciding to expand the company. It is a tough decision because a bad hire usually ends up as an expenditure to the company in terms of time and money.
Most companies go for experienced hires for the fact that the hire would have prior knowledge and probably would not need much training and are ready to add value and grow the business.
However, hiring experienced staff usually comes with a cost. Their salaries are higher, they have their own way of working and probably have more requests for their remuneration plan.
Whether you’re a small startup or a large global business, graduates can bring a lot of valuable qualities to a role. It’s understandable that you may be a little apprehensive about hiring somebody straight out of University, however, all hires have an element of risk to them and there are a lot of advantages of hiring graduates, that greatly outweigh any downfalls.
Here are a few benefits of hiring graduates that may make your mind up:
1. They’re enthusiastic
Everyone is excited about starting their first job and will work their hardest in order to make a good impression! Graduates bring bounds of energy and enthusiasm to the workplace, that you may not get from an employee later in their career and are eager to get stuck in wherever they can. Studies have found that millennials have wanted to climb the career ladder much faster than previous generations and therefore they will be eager to please and contend with a bit of healthy competition in order to progress in their careers. Plus, they’ve just left academia, so they will be primed to learn even more in order to succeed.
2. Creation of an Innovative Culture
Hiring employees of different generations will bring a variety of different attitudes and ways of thinking to the workplace. Younger staff will have different experiences of the world to their older colleagues and an awareness of current cultural trends. Therefore they will have the ability to look at things with a new outlook and contribute fresh ideas. They are also well equipped with the latest technologies, methodologies, and processes that might be beneficial to your organization.
3. A chance to train and nurture talent
Fresh graduates are much like ‘blank papers’, they open to learning new skills and gaining experience in different areas. As it is their first experience in the professional world, they do not have any principal view and perspectives about issues at work and are unaware of what an ideal workplace culture should be like. They are not looking to fit into the preset mould, so they can be mended at the right time to meet organizational needs and job role considerations.
4. No job experience does not means no experience at all
In the current space, how we account for experience? Does volunteering consider as experience? Does working part-time during school consider experience?
What I noticed is that many companies nowadays account for volunteer work as a gauge to see if the student has leadership qualities, planning and etc.
With schools promoting the enhancement of soft skills. For example, a term as Club President can teach the student communication skills, leadership skills, and planning skills. These are things that were not taught in the textbooks, but outside of the classroom.
Thus, do not mistake non-traditional for no experience!