Recent graduates are amongst the biggest candidate pool each year due to the popular belief that they have a lack of experience.
However, this market should not be forgotten. Junior finance professionals can bring lots of positive changes and fresh, new outlooks on how you operate. Here are a few tips to help you recruit and retain junior finance professionals.
Junior finance professionals are likely to have recently graduated and are used to being surrounded by a fun and sociable environment. Often, the thought of going into a corporate environment is off-putting as they fear it will be "all work and no play". Ensuring you promote the social side of your business, as well as the workplace culture is a good way of showing junior finance professionals that there is fun to be had in professional environments.
It is important to demonstrate and outline the clear path-way of career progression available to your employers. If you do not have a clear career progression plan in place then you should consider forming one. Junior finance professionals like to see a future in their career and can often become bored if they are stuck at the same level for a long period of time which often prompts them to look elsewhere. Setting targets and praising good work is also a good way of keeping junior professionals interested.
Junior finance professionals like to see a future in their career and can often become bored if they are stuck at the same level for a long period of time which often prompts them to look elsewhere.
Flexible working hours and dress down option
Many businesses are opting for more of a relaxed approach towards working hours and dress code. The ability to have flexible working hours is high in demand for millennials and is proving to be popular among the other generations. A “dress-down” policy is also a very popular incentive which the junior market now holds as a valuable incentive to look for in a future employer. Adopting both flexible working hours and a dress down policy will make your business far more attractive to the junior market
Decent salary on offer
To state the obvious, an attractive salary will always help bring in the more junior professionals. Salaries are often highly competitive these days so making sure you are offering a salary that is ‘on average’ or ‘on par’ with your competitors will be more attractive to the junior market and they will less likely choose an alternative employer due to a larger salary.
The finance market is highly competitive and when it comes to recruiting junior finance professionals and it can be difficult to make your business appealing to millennials. Making sure you put the above initiatives in place will help make your business more attractive and appealing to junior finance professionals.
If you would like to find out more about how juniors can be an asset to your company, read our hiring advice article 'Graduates: As asset to your company'.