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Do your job requirements require too much student debt?

As an employer, you want your staff to have the perfect blend of education and experience. Your employees need to have foundational skills to get the job done and time in the field to learn how to apply their education to the task.

When you create a listing for a position, you have to balance what you want in a candidate with what you are willing to pay. However, as student debt after university increases, some employers are not paying enough to offset student start-up costs.

Here’s what you should know about the recent graduates looking at your listing.

Not what it used to be

Rather than endless hours in the classroom, more programs are pairing education with experience by sending students out of the classroom. In addition to learning the textbook side of the subject, students are learning how to apply the information to real-life scenarios.

When looking at candidates, ask about opportunities they had to use their skills in real situations.

Checking off a box at a price

University degrees are becoming more common, so employers are more tempted to list them as a minimum requirement for a job. However, as students get a more realistic picture of what life is like with higher-education debt, some choose to pursue job experience before seeking more education.

When you create an ad for an open position, consider whether a university degree is necessary or simply desired. In some cases, you may find an employee who has more experience but is able to work for less money because they do not have a heavy student loan burden.

Setting the tone

The description you publish for an open position will provide the starting point for what a new hire will expect from the job. If you advertise that applicants need a university degree, the recent graduate you hire will expect the job to be a strong steppingstone in their career.

It can be easy for employers to make assumptions that university-educated candidates will make better employees. However, this may not necessarily be the case – and weighing the pros and cons of making a university degree a hiring requirement can be wise.