Graduates offered eye-watering £115,000 starting salary with bonus of dream holiday for top performer… here’s why | The Sun
A BOSS is paying new graduates a starting salary of £115,000 plus generous perks – as well as the chance of a dream holiday.
A group of 40 recruits will also get free cooked breakfasts, coffees and lunches and free sports classes at their offices in Sydney, Australia.
The graduates signed on to work for global finance firm IMC Trading, which employs 280 people in Sydney.
They will each get base pay of £72,000 plus a £14,000 sign-on fee and a £29,000 bonus if they make it past probation.
The total first-year pay is more than double the average income for all full-time workers in Australia, reports news.com.au.
Perks include gym membership, unlimited free coffees from the in-house barista and buffet lunches and dinners.
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IMC revealed the eye-watering package as it launched a contest to win a £20,000 holiday at a secret island hideaway.
University students, online gamers and people already working in the industry are encouraged to have a go on a trading simulator.
The top performer wins the holiday plus a guaranteed place on the graduate scheme next year.
IMC's Matt Benney said the competition “was created to help us reach the best talent in the world”.
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However rival firms are offering even bigger pay packages to attract top graduates.
Fellow trading firm Jane Street reportedly pays £202,000 while Amsterdam-based trading platform Optiver pays £144,000 to new starters.
Perks at Optiver include chair massages, gym membership, free breakfast and lunch, coffee from the in-house barista, a work from home allowance, and an annual trip away.
Experts say firms are having to up the ante in response to a skills shortage in Australia.
A report by KPMG found attracting and keeping staff is now the number one worry for executives.
Most rank it higher than cyber risks, digital transformation, regulation and flexible working practices.
Last year, financial technology company Iress gave staff more time off, allowing them to take six long weekends every year without using up their holiday.
And design company Canva introduced a "vibe and thrive allowance", which staff can choose to spend on gym memberships, home office set ups, social celebrations, wellbeing and education.
Catering group Victorian Only offered chefs a year's free accommodation in beachside homes, on top of their £49,000 salary.
Last year we revealed a dream job vacancy for someone to live on a tiny island with free rent and food.
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Another dream job involves watching Netflix and napping all day for £24,000.
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