Companies hiring younger people to save on salaries

Trends change all the time. What may seem suitable now might turn out to be unsuitable tomorrow.
Earlier, when companies used to hire candidates, the major criteria taken into consideration was the Work Experience that the employee gathered before applying for the concerned job. The idea was that the company would have to spend less time in training the candidate as he/she would have learnt things at the previous place of work. That meant less time spent in training, less amount of money invested in training the staff, no hassles whatsoever in arranging for trainers, less amount spent on salaries, etc.
But now a days, this trend is changing. Companies prefer to hire fresh graduates and then to train them according to the requirements and expectations of the job profile. The Human Resource department prepares the candidate to suit the job profile and trains him/her accordingly. It is considered to be easier to mould a candidate with no work experience and receive customized services for the company than to hire somone who is already set in his/her working style which may or may not suit the requirements.
However, this preference is seen more in the case of junior level staff as their past work experience is generally not very useful in contributing to the working of the companies. Work is of a beginners' level and little or no knowledge of the job is required beforehand.
Another advantage to the companies is that the salaries' cost to the company is relatively lower. The difference between the salary given to a fresher and the salary given to a candidate with work experience is quite high. Although some amount of spending is done to train the employees but the companies do not mind that. Often it is seen that the returns found on the investments (training freshers) is more noteworthy than that for candidates with work experience.
Another aspect is that such candidates are generally from the younger set of the population (age below30); who are seen to be more keen on learning new things and getting adapted to the work environment. Some may say that this is something that can be seen in the older ones too (age above 30). But more positive results are seen with the young people.
To sum it up, I will say that for beginners' level jobs, it is seen that the companies are hiring young people, but the reason for that is not to just save on salaries, but to groom a more adoptive employee who may turn out to be an asset for the Company.