Early talent and the way that it is approached, has changed dramatically over the years. The impacts of the pandemic have forced many businesses to pivot, but there are a few things that haven’t changed. Students are still graduating and are seeking work throughout their degrees to shape their experience.
Despite the tightening of budgets, there has never been a better time to invest in early talent. There are many companies that don’t want to take such a risk, choosing to invest more into experienced hires instead. However, we have outlined five reasons why early talent deserves your extra consideration and investment.
Gain new approaches to working
Students and graduates can help inject new ideas and fresh perspectives into the business. Despite the stereotype that students only spend three to four years studying, gaining no experience, students can come from a range of different backgrounds and academic experiences which can make them great assets to your business.
Some of these experiences could include a year abroad or undertaking a committee position at a sports club.
Increase brand awareness
Applying for early talent programmes is a regular occurrence for most students, with internships and/or placements being the first step, before moving onto graduate programme applications. Due to the number of businesses that have such programmes, many university events are centered around careers and career development which can include events such as Career Fairs.
By investing in early talent, you gain a newly interested audience who will care about your business dealings. This can provide endless opportunities for strategic partnerships with universities and further marketing of your business.
Plan for succession
In any business, planning for the future is vital. Incorporating management training into your early talent strategy could solve succession planning concerns. If your business has an ageing demographic or needs restructuring, this is especially important. There are a number of CEOs who started off in their current firm’s graduate programme!
Despite generational differences being a factor as well as the difference in working expectations, if there is a supportive culture of learning, leadership, and progression, there is no reason why this can’t work by today’s standards.
Improve employee engagement
Investing in early talent isn’t an easy process, but it has many benefits which include the improvement of employee engagement. Implementing an early talent strategy would mean all hands on deck for your business. Generally, when a graduate starts a programme, it would usually have a set of rotations. These rotations enable the graduate to get a well-developed feel for the business and experience in different departments. For this to work successfully, all members of your team have to work cohesively to support one another, so the business and graduate can thrive.
This can be improved in a range of different ways such as having learning mornings, where a different member of staff hosts a presentation about their departmental area and something interesting happening in the market. Engagement sessions like these can bring your team together and can also be very helpful for your graduate hire’s professional development.
Stand out against competitors
Investing in early talent will give your business a significant edge, especially if your competitors haven’t made that investment.
By advertising that you welcome those who are just starting their careers, it shows that your business has the foresight, has spent time and resources to develop a property strategy, and cares about developing the next generation of professionals in your sector.