Graduates gain from skills shortage

University graduates are being offered so-called "golden hello’s" by engineering employers faced with skills shortages.

A survey by the Engineering Employers’ Federation found some organisations are also offering recruits help with accommodation and interest-free loans.

Rahim Rajan, the federation’s business and economics researcher, said, “There are examples of golden hello cash payments for graduates. With the high cost of accommodation and the increasing burden of student debt, such packages are particularly attractive to young people.”

The survey of London, the south and east of England, also found the average starting salary in 1999 was £17,000 for human resources, IT, general management, and engineering graduates.

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