'Graduate training schemes worthwhile'
20/06/2008(16:52)
Businesses should "invest" in graduate talent even "when times get tough" as they will provide a dedicated workforce for the future, one expert has said.
According to Paul Farrer, chairman of pfj, while there is reportedly a small increase in demand for degree holders, graduate training schemes traditionally suffer during times of economic uncertainty as businesses attempt to cut costs.
However, he claimed "any company with a long-term strategy that actually believes in investing in its business" should "invest in graduate schemes when times get tough because then you are going to have very loyal workforce coming through when things get better".
In November 2007, a survey into the career progression of graduations by the Higher Education Statistics Agency found that three years after they were first surveyed, the percentage of graduates in full-time paid employment totalled 74 per cent - up from 57 per cent when they were first polled.
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