|By Business Wire||
|April 21, 2014 11:59 AM EDT||
Collegefeed today announced “Collegefeed for Career Centers”, a new technology platform that allows universities to modernize their career services and help their students find jobs quickly. With Collegefeed, universities can showcase their brand and students to 500+ hiring companies, attract employers who normally wouldn’t come on campus and make recruiting a year-round event. A beta version of the platform has been trialed by Stanford, Carnegie Mellon, Cal Poly, Claremont McKenna, USC, SDSU and others.
Starting today, any school can sign up for the free service – which introduces features like online Resume Books, Digital Career Fairs, Virtual Networking Events and an Analytics Dashboard for placements and outcomes.
“Following the recession, universities are embarking on a mission to radically overhaul their career centers,” said Sanjeev Agrawal, co-founder and CEO of Collegefeed. “We know technology will increasingly play a transformational role, however schools are struggling to select and implement the best tools to support job-seekers and meet the needs of employers. So we’ve worked closely with many schools to build Collegefeed for Career Centers, a first of its kind platform to help universities ensure their young grads can secure a promising future with the right company.”
Collegefeed is a social network with one goal – to help every college student and new grad get hired. Created by Google's former product marketing chief, Sanjeev Agrawal, Collegefeed has seen hyper growth of its user base since launching last May, with students from over 1,200 schools and hundreds of employers. Now with Collegefeed for Career Centers, universities can expand their employer networks and achieve significantly higher placement rates for new graduates.
“Millennial grads face different career challenges than past generations – but they also have an unprecedented relationship to technology that can function as an asset,” said Keith Humphrey, Vice President for Student Affairs at Cal Poly. “Cal Poly is approaching our career services and employer relations in much the same way. We know that real-time relationship building and networking isn’t going away. However by integrating our processes with new technology and tools like Collegefeed, we can significantly extend our reach and enhance our offerings for students and employer partners alike.”
“A primary metric used to evaluate the effectiveness of a recruiting effort is the cost-per-hire,” said Kevin Monahan, Associate Dean for Career and Professional Development at Carnegie Mellon University. “Add in the financial and managerial ramifications of a bad hire, it makes sense that companies are investing in resources like Collegefeed to make the recruiting process more efficient and effective.”
Introducing Collegefeed for Career Center Features
Over the past few months, Collegefeed has spoken to dozens of universities and worked closely with select schools to identify and address the biggest pain-points for supporting millennial grads. The result is new Collegefeed for Career Centers, which offers a package of features specifically developed to support career centers of all sizes and focus, including:
Collegefeed’s Connections Engine enables students and employers to get connected faster than ever before. Students simply upload their resumes. Collegefeed analyzes their background and interests and starts presenting them to relevant hiring managers in their network. If any are interested, they contact the student directly. The Collegefeed Connections Engine ensures highly relevant matches and achieves a 30 percent hit rate with employers – compared to only three percent hit rate with traditional job postings.
Searchable Resume Books
The Resume Book is a private, searchable, online database of student profiles that only employers on the Collegefeed network can access. Resumes are automatically converted into beautiful profiles and tagged with appropriate job functions such as “Software Engineering”, “Sales”, “Marketing,” etc. Employers can easily log in, browse profiles by job function and search by major, graduation date, keywords and dozens of other filters. Career centers have full control over who can access their Resume Books and how they are presented.
Digital Career Fairs
Digital Career Fairs bring the power of traditional university career fairs to the web – transforming the campus recruiting process into a year-round event. Students simply opt in and their profiles are automatically made available to participating employers. Collegefeed technology then analyzes the profiles, automatically places them into job categories, matches them with relevant companies and sends them to hiring managers. Hiring managers can review profiles at leisure and connect with interesting students with the click of a button. Carnegie Mellon will host the first Collegefeed Digital Career Fair beginning April 21st and Stanford will follow beginning May 5th.
Virtual Networking Events
Virtual Networking Events enable universities to host live sessions to engage with students at any time during the school year. The events are located on Google Hangouts, where students can participate as it happens or watch after the event. The platform makes it seamless for companies to offer students tech talks, interactive Q&A sessions and much more. Collegefeed has piloted the feature with monthly events with industry leaders. Past speakers include celebrities such as Rajen Sheth, known as the “Father of Google Apps”, Aaron Bell, CEO of AdRoll and the youngest engineer ever hired by Microsoft, and Maz Jobrani, TED speaker and comedian.
With Collegefeed’s Analytics Dashboard, career centers can see comprehensive analytics on how participating students connected with companies, including profile views and connection requests. For many career centers, it’s nearly impossible to accurately track and report on the success and placement rate of their young jobseekers. Yet universities are increasingly under pressure to show ROI for their students’ college education. The Analytics Dashboard makes it easy to track success rates. It also enables career centers to measure results of Digital Career Fairs; they can see who participated on both the student and employer sides and how many connections took place.
Pricing and Availability
Collegefeed for Career Centers is free for all career centers nationwide. To learn more, contact [email protected].
Employers can join now to participate in Carnegie Mellon University's Digital Career Fair on April 21-25 at http://www.collegefeed.com/partners/cmu/digital-career-fair or Stanford’s University’s Digital Career Fair on May 5-9 at http://www.collegefeed.com/partners/stanford/digital-career-connections-fair.
Students and jobseekers can create a profile for free at www.collegefeed.com.
Collegefeed was started by a team of six ex-Google / Microsoft / McKinsey alumni who graduated from six schools with ten degrees between them. Headquartered in Mountain View, Calif, Collegefeed is funded by Accel Partners, S-Cubed Capital and other key Silicon Valley investors. More information about the company can be found at www.collegefeed.com. Employers, students, placement offices and other partners contact [email protected].
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