UKSPA Breakthrough Issue 3 SPA03.ebook_hr | Page 70

impact that the more data we have, the better our employment matching decisions become. More data, better matching, resulting in fewer highly-suited candidates being targeted for each opportunity – a better experience for everyone concerned. W h at ’ s w r o n g w i t h t h e existing approach to g r a d u at e r e c r u i t m e n t ? The world of graduate recruitment has for many years been problematic for everyone involved – universities who want to connect their students with the best-suited opportunities, students who want to be recognised not just for their exit degree but for what is best about them as individuals, and employers who have found the traditional approach to recruiting graduates costly, time- consuming and inefficient. To put this into context, the typical applicant-to-hire ratio for graduate roles is about 75:1, so for 74 out of 75 applicants the result is a rejection. At a national level this represents millions of hours of wasted time for job-finders and employers alike. In our dialogue with universities and students we are encouraged to use the power of data to shorten the queues, and the release of our Talent Matching Engine is now making a difference for SME employers throughout the UK. Gradintelligence – how it works For SMEs it couldn’t be easier. Gradintelligence has developed a user-friendly online service which is T r a d i t i o n a l g r a d u ate r ec r u i tme n t r es u lts i n 74 r e j ecte d a p p l i c at i o n s o u t o f e v e r y 7 5 , r e p r ese n t i n g m i l l i o n s o f h o u r s o f w a ste d t i me designed to be used by business owners or hiring managers with little or no experience in graduate recruitment. Employers create an account and the system guides them through a process of describing their organisation and the opportunity. The next step is a set of questions related to building the profile of an ideal candidate. This involves a mixture of academic and non-academic skills, achievements, and attributes. Within about 15 minutes the hard work is over and the powerful matching engine does the rest. Typically, full applications start to arrive within 24-48 hours. A Review from a n   S M E   em p l o y e r 1616 Media is one of the early adopters of the new recruitment service and has worked with Gradintelligence to find talented graduates for their first two staff appointments – roles that were critical to their business growth. Suzy Edward, founder and director of 1616 Media, says: “Like most SMEs, we had a very clear idea of what we wanted but simply didn’t have the national university connections to identify suitable graduate level candidates. “We used the Talent Matching Engine to specify the academic and non- academic credentials we needed and – most importantly – the personality fit that is an essential ingredient in many entrepr