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CityU sets up a fund to help companies hire new graduates

2020-06-11T15:55:05.385Z


Affected by the new pneumonia epidemic and the global economic downturn, the City University Business School established a 30 million yuan fund to support student employment. One of the projects in the plan is to cooperate with enterprises to sponsor enterprises to hire up to 30% of the salary of fresh graduates. The maximum amount is 6,000 yuan. Huang Mingang, deputy dean of the School of Business, City University of Hong Kong, said that the overall economy is uncertain, but the impact on employment and salary of business school graduates is limited.


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Written by: Chen Jiayi

2020-06-11 19:02

Date of last update: 2020-06-11 19:36

Affected by the new pneumonia epidemic and the global economic downturn, the City University Business School established a 30 million yuan fund to support student employment. One of the projects in the plan is to cooperate with enterprises to sponsor enterprises to hire up to 30% of the salary of fresh graduates. The maximum amount is 6,000 yuan.

Huang Mingang, deputy dean of the School of Business, City University of Hong Kong, said that the overall economy is uncertain, but the impact on employment and salary of business school graduates is limited.

Huang Mingang, deputy dean of the School of Business, City University of Hong Kong, believes that the overall economy is uncertain, but the impact on business school graduates is limited. (Photo by Chen Jiayi)

The City University Business School set up a 30 million yuan fund to support the employment of graduates. Among them, the Career Launched Scheme cooperates with enterprises. The business school supports up to 30% of the salaries of successful graduates of CityU. The enterprise pays the remaining 70% of the salary. The maximum amount of funding for graduates is 6,000 yuan for a period of three months to encourage companies to hire new graduates.

In order to assist the graduates in finding employment, the business school also provides them with one-to-one employment guidance and an online job matching platform, which is planned to be maintained for at least one year. Huang Mingang, deputy dean of the School of Business, City University of Hong Kong, said that compared to financial assistance, the above programs provide psychological support for graduates. Even if an enterprise has a favorite graduate to apply, it may hesitate whether to hire because of economic conditions. The plan encourages the enterprise to hire a fresh graduate.

Liang Zhongwen, assistant professor in the Department of Information Systems at City University Business School, said that computational finance and fintech are the future trend. (Photo by Chen Jiayi)

Huang Mingang, deputy dean of the School of Business, City University of Hong Kong, believes that the overall economy is uncertain, but the impact on business school graduates is limited. He pointed out that it is a common phenomenon to reduce the salary of recent graduates by 20% to 30%, but he expects this year's business school graduates to have a salary drop or 5 to 10%, while business school graduates who successfully apply for a job or study will drop slightly from 98% to 90%.

He pointed out that two to three graduates from each of the six departments of the business school in the same period last year were hired by companies as trainee managers. This year, less than half of graduates were hired. He believes that the trainee management plan is only to slow down the progress, he still maintains an optimistic attitude, as long as the graduates grasp the time to equip and add value, they will be competitive in the market.

Liang Zhongwen, an assistant professor in the Department of Information Systems at the School of Business, City University of Hong Kong, said that computational finance and fintech are the future megatrends, benefiting from emerging industries such as virtual banking, and the increasing demand for related talents. Greatly affected.

The City University Business School set up a 30 million yuan fund to support student employment and subsidize up to 30% of the salaries of employed graduates. (Photo by Chen Jiayi)

University admission interviews are conducted one after another. CityU Business School uses online conference software for interviews. There are also videos that ask students to submit self-introductions. Huang Mingang said that the online interview mode and effect have not been much different in the past, and can allow students to discuss in groups. He reminded students not to despise online interviews. Students need to prepare in advance to ensure a stable network and a quiet environment for the best performance interviews.

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Source: hk1

All news articles on 2020-06-11

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