1. over the last 10 years, the number of recruits interviewed has dropped 50%, from 8 to 3.9 interviews per job hire.
2. it costs more than $6,000 to recruit and land a full time hire, out of school, on average
3. internships are increasingly seen as keys to locating and recruiting key staff, out of school. The number of internships is increasing, and the likelihood of hiring the intern after school has grown to 70%
Some key elements inside the Next structure are designed to decrease the time and effort required to locate student talent. The ePortfolio system is designed to allow students to be located based on their research projects, which will expose a layer of student talent that was virtually invisible, and allows industry representatives to target students very precisely. A good example would be in the case of students in the life sciences; many of them display excellent coursework and research projects, and startups can locate exemplary interns and entry-level associates based on the work they did as an undergrad or graduate student. The truth of the matter is that start-ups and innovative companies may not make it onto the radar of students, nor can they penetrate the vast array of campuses in search of high-grade science talent. The same goes for new lines of business inside of larger firms, that expand, and become competencies in areas they are not known for. In this example, the large firm can reach into the pot of students who are committed to an academic area, like risk analysis or futures trading, and make aggressive pitches to students with little effort — just a google search on nextacropolis.com, and click to become their peer. This is absolutely built to transform the way in which students transition from school to their working lives.