Aggregating the groups creates a viral expansion loop: more universities lead to more graduate students, which leads to more employers, which leads to more graduate alumni.
Tallahassee, FL (PRWEB) September 22, 2009
A new website, inDegree.com, helps employers target graduate degree holders from across the nation to fill positions that require top talent. inDegree connects three separate yet interdependent groups to improve professional networking and job searches: graduate students and graduate alumni seeking jobs with employers searching for top candidates and with universities who need to stay connected with high-value alumni.
High unemployment has given employers and recruiters an edge in hiring, but they still face steep hurdles in identifying top candidates:
- The cost per hire for employers increased 20% in the past year alone, and now exceeds more than $12,000 (on average) for exempt employees.
- Budget cuts are forcing employers and recruiters to identify leading candidates more efficiently.
- Maintaining ties with university graduate programs for recruiting is costly and time consuming.
- Employee referrals are still the main source of hiring, but connections are often fragmented.
- Posting job openings on internet job sites is expensive and inefficient.
- Valuable time is wasted scanning thousands of unsuitable resumes to fill premium positions.
inDegree allows employers and recruiters to identify potential candidates with advanced degrees who are actively searching for jobs. inDegree is the only service that aggregates graduate students and alumni from programs across the country in one location, enabling employers to easily target them and avoid sifting through masses of under qualified candidates. At the same time, inDegree gives graduate students and alumni the opportunity to differentiate themselves in a tight job market.
The benefits to employers and recruiters increase even as the economy begins to recover. Most economists and employment consultants are predicting an upsurge in hiring the first half of 2010, which means that employers soon face one of the biggest talent transfers in history. This will create an urgent need for more-effective candidate recruitment. Recruiters need an efficient way to reach out to candidates, in order to scoop first-string talent as soon as they have openings. "The launch of inDegree is incredibly timely, as graduate students enter the toughest job markets in decades, and employers are on the verge of hiring back to capacity. Creating a niche professional network of highly educated workers not only helps graduate students find jobs, but provides an invaluable service to employers trying to identify the best recruits," says co-founder, Alex Miningham.
Miningham founded inDegree with Molly Wasko, professor of management information systems at Florida State University and researcher of digital social networks. "The value for users arises when all of these groups are connected," says Wasko. "Aggregating the groups creates a viral expansion loop: more universities lead to more graduate students, which leads to more employers, which leads to more graduate alumni."