Talented youth greeted with 'golden hellos'

September 1, 2000

Engineering companies trying to attract talented young people and counter the effects of skills shortages are offering significant benefits including "golden hellos", according to a survey by the Engineering Employers' Federation.

It found that one-off payments of up to Pounds 3,000 and other benefits including accommodation assistance, interest-free loans, performance-related pay and subsidised gyms are being offered.

The average starting salary in 1999 was Pounds 17,000 for IT, management, engineering and human resources graduates, but after a year, the IT graduates were able to command the highest pay. Starting salaries are expected to rise by 5.3 per cent this year.

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