06 news in brief
Proof is in the pudding
It seems to be more than just myth that A wealthy eight per cent will also enjoy a
graduate salaries are continuing to rise. In wage packet of more than £36,000.
2008, both graduate vacancies and graduate
salaries have increased, with starting salaries And the proof really is in the pudding, with
reaching an average of £24,500. retailer Aldi offering a tasty starting salary
of £40,000, making it the top earning
Recent research from the AGR Graduate graduate scheme in the country.
Recruitment Survey 2008 Summer Review
shows that despite the economic gloom, Aldi is one of the UK’s leading graduate
there has been an increase in graduate employers, holding a top-ten position
vacancies of 11.7 per cent, and starting in the 2008 Times Top 100 Graduate
salaries up 1.8 per cent on 2007, reaching Employer Survey, ahead of many major
£24,500. retail competitors. The starting salary also
tops that of PWC, Accenture and Shell. In
The high majority of graduates (over 30 return for a demanding area management
per cent) can expect a wage of £22,000- training programme, the scheme also
£24,000, and a further 20 per cent will offers graduates an Audi A4 and a
receive between £24,000 and £27,000. generous 25 days’ holiday each year.
It’s not so
Nottingham and Warwick
taxing
winners in P&G’s Dragon’s Lair
Are you being taxed correctly? ACCA P&G has announced the winners of its the UK, where the entries
(the Association of Chartered Certified first ever Dragon’s Lair competition, which were whittled down to
Accountants) suggests that while many offered university societies the chance to ten finalists, one for
students take on part-time work during pitch their project ideas to a panel of P&G each university.
holidays, it is essential that you also take Dragons with a view to securing a share of
time to ensure you’re paying the right the £10,000 prize fund. Teams were then
amount of tax. invited to P&G’s
“It was a unique
UK headquarters in
Chas Roy-Chowdhury, Head of Taxation
opportunity to meet
Weybridge, Surrey,
at ACCA, said: “Students working over the where they were met by
summer should make sure they complete
graduates who had
some of P&G’s brightest talent,
a student exemption form – called a P38.
qualities and skills not
shown a day-in-the-life of a P&G employee,
Filling out this simple form will ensure that
normally identified
and given a tour of the company HQ,
students pay the right amount of tax.”
by the standard
before presenting their ideas to the panel.
The tax rules state:
recruitment process”
For P&G, the competition represented
• From september interns earning under a unique opportunity to meet graduates
£6,035 do not have to pay income tax Each team had fifteen minutes to present to who had qualities and skills not normally
• At the time of working, the student a panel of five Dragons, all senior managers identified by the standard recruitment
must be in full-time education and plan drawn from UK and Ireland business. process. In an increasingly competitive
to be in full-time education by the end market for the brightest and best graduate
of the next tax year The panel was left with the unenviable task talent, the Dragon’s Lair represented an
• Students will not have to pay any of choosing the winners from a diverse innovative approach to meeting a diverse
National Insurance Contributions if they field, ranging from a solar-powered car mix of candidates.
are paid less than £105 per week. project to a ballroom dancing society.
After much deliberation, the P&G Dragons
Roy-Chowdhury adds: “The rules only The initial stages of the Dragon’s Lair opted to award a joint prize to Warwick
apply to work undertaken over the competition took place across ten different University’s Adaptive Rowing project and
summer, Christmas and Easter holidays.” university campuses spread throughout Nottingham University’s SIFE society.
gradjobs.co.uk
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