Retain your grads – Copy Google!
Google Inc has recently been chosen as the Australian graduate’s employer of choice, with Macquarie Bank and Microsoft a close second and third in a survey by CareerOne.com.au in February 2008. A Onetest study also found that if a graduate’s needs are met, 39% would stay with a company for 3 – 5 years and 30% would for 5 years or more.
So what does Google do that has the grads swarming to them and sticking around? What do graduates “need” that you can deliver on? How can your organisation mimic Google and get those same results?
Google is known for its fun culture as well as being a highly reputable and successful company. These are two key elements that attract and retain grads there. So how is your company viewed in the graduate market? Do you have a good reputation? It is that reputation that gets a graduates attention in the first place. And what about your culture from a graduates point of view. Would it be considered fun?
Research has also found that graduates are also looking for:
- Roles with responsibility
- Training and progression plans
- Acknowledgment
- Access to opportunities like travel
- Competitive salary
- Work/life balance
The “how’s” of these are many and varied and you need to find the right mix for your company’s graduate program, or for those one or two grads you’ve just recruited. Here are some suggestions:
- Help grads to work out what it is they REALLY want to do in their careers and how you can help them achieve that. This generation is seeking purpose and satisfaction but often struggle with working out what they really want in amongst all of the options they have. Provide some time, training and coaching around exploring this and it will have them develop trust and respect for you and your organisation.
- Getting it right from the beginning involves being clear and up front about salaries, expected work-loads, explanation of day-to-day functions in their first role and how that will evolve. These should all to be covered in the recruitment phase.
- Understand that in the recruiting process that it’s not just your company choosing the them, it is also them choosing you!
- Be honest! If you expect your grads to work long hours, let them know. This is better than just dumping it on them when it’s needed and when they weren’t expecting it.
- Create a graduate network that has regular events and socialising activities. This will help them with the transition into full-time work, and will increase the ‘fun’ factor as they’ll be spending time with friends, not just colleagues.
- Set up mechanisms from the beginning to assist them with career planning within the organisation. This could be anything from online systems, to regular career goals sessions with managers, to career management training to ensure they are taking responsibility for this. This allows them to see the bigger picture and how their role will develop overtime.
- Provide lots of information about the training the grads will receive. They are usually highly aware that they have the degree but not necessarily all of the skills needed to do the job and will appreciate the reassurance that training and support is provided. Let them know you’re willing to invest in them.
- Focus on a graduate’s potential, interests and values and use those to create the best rotation plan for them and the organisation, so that everyone wins. This can be part of the career planning that is put in place at the beginning, and leads to strategic rotation plans for individuals.
- Have ongoing touch points in their first six to nine months with an emphasis on personal and professional development for the graduates. This could take the form of training, presentations, time with the directors, events, meetings with managers or off-site forums. You can also use these as opportunities to acknowledge the graduates for progression, achievements and the like.
- Match them up with mentors from across the organisation. This helps with access to opportunities and career planning. Some level of structure or assistance will ensure an effective mentoring relationship is formed.
- Ensure managers have an understanding of the graduates needs and they are equipped to work with them effectively. Plus ensure they have the time required and are making it a priority to provide the regular feedback that these grads are seeking.
- Consider some reviews are taken by people who are not the graduates manager/s to encourage more openness
- Show you care about them as a person by giving them structured time off to learn something non-work related eg: volunteer work, art course, or team stuff like Artescape (http://www.specialevents.com.au/archiveprev/2001/11nov01/featnov01/art.html) or Go Karting
- Work with them on their need for work/life balance by starting with the expectation that the things they will want time off for are concerts, trips with friends, travel, and other fun life stuff that they don’t want to miss out on. Be clear on your organisations needs in regards to their role and responsibility and work on finding the win-win. There is nothing that will turn a grad off quicker than missing out on the “must-see” concert/event/holiday/whatever that all of their friends are going to because their “boss wouldn’t let them.”
- Give grads evidence that your organisation acts ethically and is socially aware. This may be through information about your CSR programs and how they can get involved.
- Communicate the values or the organisations and the values you are looking for in grads to ensure you get grads whose values are aligned to yours.
- Ask them directly what is or isn’t working about their grad experience. Help them to explore it if they don’t know. And use this collective information to re-vamp and re-fresh your graduate program.
- Set up special innovation teams where grads and other employers can provide ongoing ideas on ways that new technology, especially web 2.0, can be used to do business better.
- Provide training for the grads on how to work with multi age teams.
There is also an opportunity for those providing career services to students. Career services at tertiary institutions could also be helping students to learn more about these career realities. From starting salaries to career progression can be explored in Career Readiness presentations and workshops for students, as well as career management skills like self promotion, presentation and networking skills. This helps with setting up student’s expectations early with some frank information about those realities, thus helping organisations. But also, building students career management skills helps them to be in control of their careers early helping employers with their career planning programs.
The Frank Team can work with organisations and career service providers to implement and refresh your graduate programs. They know how to blend creativity and fresh thinking with process to implement the ideas. They provide workshops, presentations and consultancy services. More information is available for Employers at http://www.frankteam.com.au/corporates/ and http://www.frankteam.com.au/youth2youth/workshop-package.aspx for Career Service Providers.