Jobdirecta Blog Jobs and careers in Ghana 2025
Companies in Ghana : Information from the Institute of Statistics, Social and Economic Research (ISSER) of the University of Ghana shows that lone 10% of graduates secure positions after their first year of finishing school and that it might require as long as 10 years for an enormous number of graduates to make sure about work because of shifted difficulties that went from the absence of employable abilities, inaccessibility of subsidizing capital for a business venture, helpless mentalities of graduates towards open positions, just as the low limits of industry to retain the tremendous numbers. This was uncovered by Mr Kofi Asare, an Education Consultant at the 2017 MasterCard Foundation Annual Learning Summit in Accra.
Regardless of the reasons representing the low new alumni’s work, it goes to likewise propose that, Companies in Ghana are neglecting to recognize new and new bunch of future corporate pioneers and change producers. Obviously, regularly an incredible business choice, attempting to settle on recruiting a new alumni or seeking after a more experienced labor force veteran, there are numerous upsides and downsides that should be thought of yet exceeding the negatives, the positives of recruiting new alumni can prompt a wide scope of business favorable circumstances and regardless of what the necessities, giving a new alumni their first work open door could end up being a very shrewd long haul choice for a business.
It is qualified to likewise take note of that most industry players are now in the round of these new alumni work through the Graduate Management Trainees program; which most alumni consider as an unreasonable strategy concerning a portion of the basis utilized.
In the event that you either think utilizing new alumni is a particularly simple undertaking, at that point you would do well to reexamine your notes since one of the center “board room” contentions that emerges in this sort of activities is who chooses to or enrolls new alumni – The HR Manager or the Finance or even both? By and large, you will say HR yet could there be some other reasons?
Some HR experts’ choices on utilizing new alumni which are human asset advancement and limit are explained as follows:
That new alumni are at comfort level with new innovation – Without question, perhaps the greatest bit of leeway of employing an alumni is his/her capacity to explore through new, creative innovation, particularly new age PCs and the entirety of their fundamental business related applications. Since a bit of the current labor force began their vocations before PC innovation assumed control over the business world, a ton of people, sadly, don’t be able to follow numerous PC cycles and applications. By being brought up in an age that is more subject to PC innovation than any other time, late alumni will have the option to rapidly gain proficiency with the entirety of an organizations’ PC applications.
New alumni consider the Long Term – Even however work positions should be filled moderately rapidly, a business should at present consider the drawn out abilities of their most up to date conceivable worker. Truly, as a result of their new drive understudies and school graduates are on edge to climb the entirety of their different corporate administration matters. By pondering the drawn out necessities of your organization, employing new alumni with a ton of drive and potential could be a lot more intelligent business choice. With the capacity to be prepared and guided toward explicit administrative jobs, new alumni typically offer more adaptability than more experienced experts.
Numerous new alumni are snappy students with versatility – Not taking the well-known axiom ‘you can’t impart new habits when old ones are so deeply ingrained too in a real sense, such alumni unquestionably can assimilate, comprehend and execute new directions and preparing at a lot higher rate than more established labor force individuals. Additionally, in light of the fact that they are brisk students with the capacity to perform various tasks, new alumni end up being a superior employing choice for a wide scope of business choices. Energetic and looking to rapidly satisfy their bosses, new alumni likewise offer organizations the ability to do a great deal of odd kind of office occupations. What’s more, new alumni are normally all the more ready to help other colleagues when required.
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New alumni are related to new, creative thoughts and new points of view – Graduates can infuse novel thoughts and apply current deduction from the scholarly community. They are quick to comprehend the status quo done and are not reluctant to ask “why?” This can demonstrate helpful for an organization while examining old strategies and creating efficiencies at every possible opportunity. New to the corporate world, new alumni haven’t become acclimated or solidified to a specific method of getting things done from past jobs. In that capacity, they can bring an imaginative, new viewpoint to your association as they additionally increment variety inside the cooperation.
On the off chance that none of the reasons above have persuaded you, consider what the Finance experts likewise consider as a portion of their choice instruments for such work:
New alumni have lower compensation assumptions – Undoubtedly, it is an objective of any business to save money on expenses and be productive. Truly, one should pay for experience – and since it is an absence of involvement that started this entire conversation in any case, new alumni are a less expensive option in contrast to more prepared workers on the grounds that because of their absence of involvement, a business can offer a lower representative remuneration bundle. Presently, this doesn’t mean an organization should pay new alumni very low pay rates (for example compensations that fall radically beneath market rates). It does anyway give the occasion to organizations to recruit a gifted worker at a section level rate and to put resources into building up that representative to turn into a top performing star inside your association.
Organizations wind up saving money on yearly staff cost – One of the principle elements of a business is to acquire benefit through whatever particular exchange, administrations or products they offer. Most likely the greatest favorable position that the work of such alumni gives a business is the lower cost of the businesses’ yearly staff cost. Since effectively settled laborers normally require a more significant pay, numerous businesses may be hesitant to seek after a more established applicant and select new alumni with possibilities.
Demonstrated degree of profitability – It is accepted that new alumni thoughts and abilities can have a gigantic effect to a company’s’ primary concern. For example, as indicated by research by the Association of Graduate Recruiters (AGR), graduates contribute roughly £1 billion of increased the value of the UK economy on a yearly premise.
Speed to esteem – Graduates learn all the more rapidly and give more prompt monetary returns. They are more excited and ready to take on difficulties. Graduates comprehend and be able to adjust to change.
Duty Savings – Employment of these alumni is related with some tax breaks or investment funds as specified in the Income Tax Act 2015, (Act 896). Money supervisors with their cost minimisation drive will need to exploit Section 8 of the Sixth Schedule of Act 896 which says that in ascertaining the pay of an organization from leading a business for a time of evaluation, the organization is qualified for an extra derivation for compensation and wages paid during the year to a new alumni from a perceived Ghanaian tertiary foundation. For this reason, the Act characterizes “new alumni” to mean an individual who has moved on from a tertiary organization unexpectedly, regardless of whether that individual was recently utilized.
This implies that, if 1% of an organization’s labor force is comprised of new alumni, that organization is qualified for deduct 10% of the compensations and wages paid to the new alumni as extra allowance and If is over 1% yet under 5% of labor force, at that point 30% of their pay rates and wages is deductible. Likewise half of their compensations and wages is deductible if over 5% of the labor force is new alumni. Simply do the estimation and you will be astounded!
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For the most part, is clear new alumni work lessens graduate business, improves hierarchical productivity and monetary execution, it is additionally apparent that no “one man” takes a choice to utilize new alumni and such choices are shown up at taking perception of the human turn of events and monetary technique of the substance concerned, settling on it to a greater extent a corporate choice than a HR or Finance choice.
Surely, there are a few reasons adjusted for why organizations in Ghana barely select new alumni traversing from confuse of industry expects and what the tertiary establishments offer to absence of employable aptitudes and so forth, yet until we build up a feasible pioneering strategy and framework, the public authority and different partners will keep on depending on the private area to retain these alumni.
