Internships key to retaining top talent, UK report reveals

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By Grace Lewis

Half of organisations lose graduates because of unmet career expectations

Graduates who began their career as interns are more likely to stay with a company for longer than those who didn’t, according to a report from the Association of Graduate Recruiters (AGR).

 

This emphasises the value of employers investing in work experience programmes for longer-term development, the AGR said.
According to the 191 organisations surveyed for AGR’s first annual development report, university leavers who were formerly interns stay with a company six months longer than those who were not, on average.

 

The report suggests that structured graduate development programmes are typically 24 months long and the average attendee to a scheme will remain with that company for an average of 4.4 years. Over a two-year development programme, an employer would invest around £2,500 in training and developing the graduate.

 

The majority (91 per cent) of graduates stay with their employer over the course of their programme, but nearly one in ten (8 per cent) leave the year after it ends.

 

Almost half (45 per cent) of employers have had graduates leave because of a career change, while almost all (92 per cent) of employers have had graduates leave for a higher salary with a competitor.

 

READ MORE on the CIPD (UK) website.

internship tip teaching and training essential

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