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Why Employers Can't Afford to Just Give Candidates a Chance

College students and recent graduates are notorious for being frustrated by their inability to land a great job with great pay. The question they often ask out of frustration is how can they find a job if no employer will give them a chance?

photo of perfumeWhen I speak with students, I remind them that it is their responsibility to get that experience, not the employers to which they are applying. But I don't stop there. I give them concrete advice for where they can get that experience. I normally tell them to accept an unpaid internship or volunteer for a few months in a position that is related to their chosen career path. They can then use that experience to land a paid internship or entry level job upon graduation. Yet some students still express frustration and wonder why employers simply can't hire them for a paid position in the first place. The answer is that most employers would find that to be too costly, yet just how costly is it?

A study by Right Management Consultants found that the average organization spends 2.5 times an employee's salary to replace that employee if they do not work out. That figure includes account recruitment, training, severance costs, and lost productivity. The figure does not include such relevant factors as the harm to employee morale.

Source: Campus Career Counselor

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