Recent figures are telling us that graduates with the same qualifications but from less socially advantaged backgrounds are not only experiencing wider pay gaps from their peers with higher income families but also are hindered when it comes to accessing jobs in our big cities, due to the high start out costs of living. This is a huge contributing factor to the UK's poor social mobility rating.
Just thought I'd share this article, as a great example of how some employers are making some strides in helping grads, whatever background they may be from, in London.
Would love to hear about other great schemes if you know of any.
In London specifically, we’ve also introduced an initiative to support our graduate hires with the cost of living, which can be a brake on mobility. Working with Get Living London – owner and manager of privately rented homes at the former Olympic Athletes’ Village – we’ve given our graduates the option of renting newly furnished flats exempt from credit checks and fees. Graduates also benefit from two-weeks free rent, the ability to reserve a property up to six weeks in advance and free optic broadband.
Read the original article here