MENA firms hire new graduates to cut costs - poll

Almost 40% say their company is more keen to hire new graduates since the recession.
MENA firms hire new graduates to cut costs - poll
GRADUATES: 37.6 percent of people said their employers preferred to hire fresh graduates post recession. (Getty Images)
By Elsa Baxter
Sun 22 Aug 2010 03:51 PM

Almost 40 percent of Middle East and North African (MENA) employees said their company was more interested in hiring new university graduates since the global recession, according to the latest poll by Bayt.com.

The survey, which consulted 13,197 respondents from across the region, found that 37.6 percent of people said their employers preferred to hire fresh graduates, while 26.4 percent said they were less inclined to do so. A further 19.2 percent of respondents said things were unchanged.

More than half (51.7 percent) of participants said the number one motivation behind the hiring was financial because new graduates command lower salaries and fewer benefits, while 12.7 percent said it was because they would have more passion for the job.

A further 10.4 percent it was because new graduates would have more creativity, 8.4 percent said it was due to their fresh analytical thinking, and 5.1 percent cited better communication skills.

"The results of our most recent poll show that in times of economic strife employers are perceived as more likely to hire fresh graduates mostly due to the fact that they accept a lower salary and require fewer benefits," said Amer Zureikat, vice president of sales, Bayt.com.

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