Reid, Sandra (2004) Are structured graduate development programmes effective in recruiting, retaining and developing senior management of the future? Undergraduate thesis, Dublin, National College of Ireland.
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The issue of attracting and retaining graduate talent is of concern to all organisations. Graduates are the senior management of the future and their initial impressions of the organisation will have a lasting effect and impact on their decision to remain with the organisation that has initially recruited them.
The loss of graduates will have an impact not only in financial terms but on succession planning, customer service and ultimately the motivation, morale and commitment of remaining employees.
Graduates leave organisations for a variety of reasons but the most common reasons are that they are unhappy with their role within the organisation, the type of work they are doing or their relationship with their line manager.
Organisations must develop effective strategies to attract the best graduate talent in the market and to ensure there is a return on its investment in recruiting and developing this outstanding talent.
The objectives of graduate development programmes need to be questioned at all stages of the graduate life cycle. This life cycle starts at the recruitment stage and moves into the initial transition from college to work, the development of the graduate, the management of the graduate in terms of performance and the provision of interesting work and ultimately long-term career prospects.
Organisations need to question what type of individuals they require to grow and survive in an ever-increasing competitive market and how are they going to recruit, develop and retain this key talent.
A well thought out graduate programme can assist in developing confident and capable future managers. The more confident, happy and satisfied graduates are the more likely they are to stay with the organisation that first recruited them.
Developing new graduates is not only important for the organisation who first recruited them but for Irish industry and business as a whole.
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