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Career 4.0

The fight for trainees is getting tougher

Young people in particular consider work in the technology sector as hip. This puts established industries under pressure: banks, for example, are now offering apps and $36 an hour in their fight to recruit trainees.

08 Sep. 2018
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The fight for trainees is getting tougher (Photo: CLEVIS GmbH)

This was recently r eported by the “Handelsblatt" newspaper . According to the newspaper Faye Woodhead, responsible for the trainee programs at Deutsche Bank, today trainees are no longer merely attracted by the size of the company, but also by the opportunities to make a difference. The company has now developed two apps to find and retain up-and-coming talents. Competitors such as Goldman Sachs in New York, for example, focus on monetary incentives - offering trainees monthly salaries of up to 8,640 US dollars.

The consulting firm Clevis' Praktikantenspiegel 2018 report shows how classic industrial companies fare in comparison to other sectors. While average monthly remuneration in the construction industry amounts to 996.92 euros gross per month, and 843.48 euros in the mechanical and plant engineering sector, banks, finance companies and insurance companies pay considerably more, at €1,240.78. Industrial companies such as Porsche and Würth Industrie Service place no higher than fourth and fifth respectively in the most popular employer rankings. Storck, Texas Instruments and Microsoft Germany top the rankings. According to the study, companies have to be or become innovative and adaptable. However, very few of them have exploited the possibility of recruiting within the alumni network, for example.