If you’re wondering how to recruit graduates, a good salary package is the best place to start.
Money is hugely important to today’s debt-laden graduate, and a lower wage is seen as one of the real downsides of working for a startup.
While you may not be able to offer the same generous remuneration as firms like PwC and Bloomberg, you need to make sure your wage isn’t going to put off a potential graduate hire.
With salary, it’s important to research industry standards.
Look at what your competitors are offering, and try to match it.
While it may seem a stretch for your business, paying graduates higher salaries equates to making a professional investment.
By spending more money on salaries, you’ll get a better quality of employee who will want to stick with your business for longer.
If you can’t afford to increase the wage you’re offering but want to sweeten the deal, try to introduce ‘big business’ style perks.
Whether it’s team trips, private medical insurance, or complimentary breakfasts, don’t underestimate the allure of work benefits!
For more insight, we spoke to PropTech startup company Airsorted about how they are addressing graduate salary inequality.