“The average amount of debt is £10,000 but manystudents will owe much more. To work effectively graduates might have to buy asuit or a car and if a company is in a position to offer these things, theyshould,” she said. Entice graduates with ‘golden hellos’On 23 Jul 2002 in Personnel Today NUS president Mandy Telford said not enough companiesrecognised the benefits of providing ‘golden hellos’ even though AGR researchreveals one in four firms are now offering some form of financial joiningincentive. Carl Gilleard, chief executive of the Association of GraduateRecruiters, believes the payments offer organisations a chance to get ahead ofrivals while helping graduates to settle into work. Delegates at the conference heard that the idea of a ‘goldenhello’ payment will often help graduates, who on average have debts of £10,000when they finish their studies, decide between employers. Related posts:No related photos. “It gives firms a competitive edge and increasinglyemployers recognise that starting work for the first time is an expensivebusiness,” he told delegates. Previous Article Next Article More employers should offer graduates one-off joining feesor interest free loans to help ease the burden of starting a first job andattract the right candidates. “It makes sense for employers to offer loans andjoining fees. Organisations should help to reduce the anxiety of starting workand all the costs associated with that.” Comments are closed.