Everything can be quantified, measured, and analyzed, and a college student’s job prospects are no different.
Around 8.5 percent of recent college graduates are unemployed. Perhaps more troubling, 16.8 percent of new graduates are considered “underemployed” by the Economic Policy Institute, which tracks unemployment figures among various demographics. That underemployment percentage has almost doubled since 2005.
There were startling reports in early 2012 that more than half of recent graduates were either unemployed or underemployed.
With such an uncertain economic climate awaiting college students after they leave the comfortable confines of campus, many schools have turned to a software solution powered by an advanced algorithm that helps students prepare for the workforce and secure a job as they near the end of their college career.
JobDash, a software designed to track a student’s path to that first job out of school, could be a critically important tool for campus career service professionals hoping to help students navigate the process.
Such a technology is more timely now than ever before.
“The key, really, is spotting problems well ahead of time,” said JobDash CEO Dan Caffee. “A lot of students don’t know how to go about this process. Career services departments can use our software and see among the student body where they are and how likely they are to meet their goals.”
(Next page: How the job technology works)