February 26, 2024

 The 2022 graduate development program is intended to support graduates in developing as leaders, guiding their careers, and increasing their business talents and skills.

2022 graduate development program

Let’s check out some benefits of graduate programs for employers.

Have you ever hired recent graduates or offered a graduate program? Graduate programs are typically offered by many large, global corporations in Australia and around the world.

There is no reason why your company, regardless of size, should not consider offering a graduate program with competitive salaries and structured career development plans. It truly is one of the most effective methods of attracting recent graduates to junior and entry-level positions in Australia.

There are numerous reasons why you should consider hiring graduates as an employer in Australia; they are a ‘blank canvas’ ready to be molded to your work processes and ways of working, graduates offer a fresh perspective, and they are also less expensive than hiring individuals with years of experience.

Large corporations, as well as SMEs and start-ups, hire graduates because it benefits both the graduate and the employer. Graduates are enticed by the prospect of having responsibility in a company where they can learn new skills and gain experience.

There are numerous benefits for employers to hire graduates, but we have compiled a list of the most important reasons to hire graduates and grow your business with excellent, first-class talent.

The following are the top reasons for offering a graduate program:
1. Outstanding business model.

A strong graduate program is a great way to introduce new employees to your company’s long-term, successful, and structured career development program.

This will help to structure your employees’ advancement and will benefit your overall business model. Investing time in your employees beginning with the graduate level will aid in employee retention and the overall development of your company.

2. Bridging the academic and professional worlds

Graduates in their early careers are eager to gain experience, knowledge, and skills in your organization. Offering a more structured graduate program rather than just a graduate job will help recent graduates with little experience but a high potential transition.

Graduates are likely to work extremely hard during the graduate program in order to impress you as an employer and increase their chances of promotion after the program has ended if your company has a good, clear career progression plan.

3. Workforce diversification

Workplace diversity is critical for your organization to gain new perspectives, attitudes, and qualities. A diverse team will bring a wide range of talents and ideas to boost productivity and provide a competitive advantage to your company.

Your graduate program will automatically provide you with the advantages of hiring junior employees and attracting talent from a wide range of degrees and backgrounds.

4. Company Worth

A successful graduate program will benefit the brand of your company. Knowing how to build a successful graduate scheme will add value to your company.

Students looking for work will be aware of the benefits of a graduate scheme; middle-level employees will be aware that they have motivated talent to work with, and senior staff will be able to investigate the graduate scheme for excellence and career development.

5. Graduate programs are a low-cost hiring option.

Working at your company provides invaluable opportunities and experience to a recent graduate. Graduates place equal value on opportunity and responsibility as they do on a competitive salary, and they are willing to make financial sacrifices.

Graduates are typically paid less than experienced hires at the outset, but their potential value to the company is limitless. Salary was ranked third on a list of “what is most important in a job” in a candidate survey, trailing only “learning and development” and “growth opportunities.”