An overview of the graduate model within contracting

Grovelands are consistently presenting graduates as potential candidates to clients. This week Grovelands looks into the graduate model within contracting, specifically at how beneficial it is for both graduates and clients.

A strong work ethic is the key to becoming a successful graduate contractorFrom Swindon to Glasgow, Grovelands has placed graduates all around the UK within competitive contracting roles. These roles, centred around remediation projects, have been considered very beneficial for both graduates and clients.

There are a few reasons why they have been so successful but we believe it is mainly due to the quality of the candidate placed. Not only do these candidates hold a top class degree, but each one displays the utmost commitment, enthusiasm and intelligence throughout each assignment.

What are the benefits of a contracting role?

Within contracting graduates are able to gain professional accreditations in line with hitting competitive targets. The more targets they hit or exceed, the better opportunity they have to increase their income.

Contractors are consistently exposed to high profile clients in well-respected industries. This can often propel careers due to the valuable experience gained so quickly after graduating.

By demonstrating a strong work ethic and a willingness to work to a high standard, graduates are likely to have their contracts extended, gaining more experience within the company, and leading to a great reputation as a contractor.

How can contracting positions benefit the company?

The challenges of contracting can be seen as more desirable from an employer’s perspective, especially in the financial sector. Contracting acts as a ‘try before you buy’ period and firms can benefit from the fixed term contract before deciding whether to take the graduate on permanently.

As the targeted nature of contracting trains the graduates to the highest possible standard, it becomes a highly cost effective model to run. The longer the contract runs the more this decreases transfer fees, hence making contractors much more appealing.

However, it is mutually beneficial. Whether a graduate performs telephony, calculations or post admin, great skills are honed and can be transferred to a number of other related projects, such as insurance.

Many graduates can become as competent as some of the top Case and Complaint Handlers in the business after just a few months. This has proved well for many of our candidates, with a vast number being retained as fully accredited QAs, Team Managers and MI Analysts.

This is especially true for law graduates. Some have moved onto confidential contracting projects, where they inspect internal practices within major financial services organisations, whilst others have moved into permanent roles. These graduates proved their abilities and either moved into organisations that link their new experience with their degree, or moved into boutique consultancies.

Through the success Grovelands has had with graduates in contracting roles we are now consistently presenting graduates as potential candidates to the Big 4 Consultancies and Big 6 Banks, specifically 2.1 graduates with 1 year’s contracting experience. And it is no surprise that our clients are highly receptive to their profiles!

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