Organizations face a massive skills gap in today’s fast-changing job market. Data reveals that 77% of jobs worldwide are the risk of disruption, necessitating a highly skilled workforce. However, job-ready talent falls short of this demand, leaving companies struggling to fill crucial positions and risking their growth and innovation.
Companies looking to close the skills gap can benefit from hiring university talent and reskilling them for today’s job roles. Organizations can reduce costs, increase diversity, and access specialized knowledge and research by partnering with universities.
Here’s why companies should focus more on University Hiring
1. Reduce Talent Costs
According to the National Association of Colleges and Employers (NACE), the cost-per-hire for entry-level candidates is lower compared to experienced professionals. Companies can significantly reduce talent acquisition costs by tapping into the pool of talented graduates.
Draup’s University Hiring feature enables organizations to identify universities that produce high-quality graduates and connect with them directly.
2. Recruit for Adjacent Roles
Universities offer a wide range of programs and courses, making them an excellent resource for recruiting talent in adjacent roles. Companies can identify universities that specialize in specific fields of study relevant to their hiring needs.
For example, a company hiring data scientists can target universities with solid data science programs. Draup’s platform provides valuable insights into universities’ expertise areas, enabling organizations to identify universities that excel in their desired domains.
This targeted approach ensures a better alignment between the skills of graduates and the specific needs of the organization.
3. Embrace Diversity with HBCUs
Promoting diversity and inclusion is not only a social responsibility but also a business imperative. Historically Black Colleges and Universities (HBCUs) have a rich legacy of fostering diversity.
Draup’s platform allows companies to identify HBCUs and tap into a diverse talent pool representing different ethnic backgrounds. Partnering with HBCUs enriches the organization’s perspective, fosters innovation, and enhances its commitment to inclusivity.
How Draup’s University Hiring Feature Works
University Hiring provides a comprehensive and user-friendly platform for companies to effectively explore and engage with universities. Here’s an overview of how the feature works:
1. University Profiles
Draup’s platform offers in-depth university profiles, providing a holistic view of each institution. It gives you insights into enrolments across graduate and undergraduate courses, university type, establishment year, student-faculty ratio, and notable professors. These profiles help organizations understand the strengths and characteristics of potential university partners.
2. Course Insights
Companies can navigate through a vast array of courses offered by universities using Draup’s Course Insights feature. It lets you filter courses based on job families and expertise areas relevant to your organization. Additionally, you can obtain valuable information on degree types, total completions, and classifications of bachelor’s, master’s, and doctorate degrees. This functionality lets companies pinpoint courses that align with their hiring requirements.
3. Expertise Analysis
Draup’s expertise analysis evaluates universities’ expertise areas and provides ratings based on various metrics. It allows companies to access insights into completion counts, related majors, and expertise ratings, ranging from beginner to advanced. This analysis allows companies to identify universities with the highest proficiency in specific domains, ensuring a perfect fit for research collaborations and talent acquisition.
4. Diversity Evaluation
Draup’s platform facilitates diversity evaluation by providing detailed statistics on enrolment and completion rates based on gender and ethnic diversity. Companies can use gender and ethnic diversity filters to understand university representation and make inclusive decisions.
Empowering Talent Acquisition and Collaboration
Draup’s University Hiring feature offers organizations a powerful tool to bridge the skills gap and tap into the expertise available within universities. This feature provides precise and reliable insights for strategic decision-making based on big data analysis, human curation, and machine learning.
Workforce planning teams can use Draup’s University Hiring feature to:
- Establish University-industry partnerships: Organizations can access licensing opportunities and specialized equipment through university collaborations.
- Utilize university resources: Industries can leverage research and development facilities, students, and other university resources.
- Accelerate product development: Collaborating with universities on research projects speeds up product development and boosts international economic competition.
- Analyze learning and development opportunities: HR teams can use this feature to analyze L&D opportunities and find relevant universities for research collaborations.