Uni puts money where mouth is with job cashLocal | Eunice Lam 5 Aug 2021
City University of Hong Kong helped more than 300 of its graduates this year find jobs by offering subsidies of up to HK$18,000 each to employers who hire them.
CityU has made a total of 2,900 job postings available for its graduates to apply for since April. So far, around 300 graduates have been hired.
The university's Career Launch Scheme offered a three-month "matching fund" in which CityU will give a third of the graduate's salary to employers upon successful matching for a maximum of three months capped at HK$6,000 per month.
Of the 300 successful matches, one fifth of graduates went to information technology, programming and data science jobs. This was followed by administration and marketing.
"It becomes harder and harder to find a job, and we are very concerned about that," said Raymond Chan Hon-fu, vice president of student affairs at CityU.
As part of the scheme, students could join one-on-one career consultations with consultants from the university.
They could get support such as career planning, CV and cover letter review, interview coaching and even job offers.
Wong noted that the CVs of many fresh graduates were plain. "Employers nowadays mainly look at CVs rather than cover letters," he added. "A good CV needs to be specific, even activities or internship experiences are worth mentioning."
The university also organized the CityU E-Career Success Fair in March, which offered over 1,500 job vacancies.
Tim Wong Chi-tim, director of Student Development Services, hoped the fair could help graduates in their job hunting process.
"Students were given opportunities to interact with experts from different industries," Wong said.
The university had allocated a fund of HK$8 million to the scheme this year, adding the HK$1.5 million subsidy from the government.
CityU also set aside HK$5 million for the newly launched HK Tech 300 initiative, which helps budding start-ups.
Students and graduates of the university could join an eight-week sponsored training program by professionals in related fields. All winning teams have a chance of getting HK$100,000 in seed funding, access to angel funds of up to HK$1 million and sponsors.