​47% States That Company Culture Is The Paramount Factor For Employees While Accepting New Roles: mthree

mthree recently surveyed 504 business leaders as well as 1,006 professionals based in the U.S. and belonging to the age group between 21-28 years, to gather insights about the organizations' recruitment and onboarding processes. These included various challenges and risks associated with the arduous exercise of sourcing, recruiting, interviewing, onboarding, training, and retaining new talent. The study revealed that 87% of businesses face challenges While Hiring Replacements of Departing Employees. It also highlighted that 34% of the respondents said that they struggle to replace departing employees before the end of their notice period while 31% face issues while finding suitable replacements. Also, 30% constantly face roadblocks of one or more roles unfilled at any given time. Statistics from the study related to the Onboarding Process revealed that every training method comes with its fair share of added expenses as 21% stated that their cash flow was disrupted due to the recruit's training. the most crucial aspect of the study was statistics related to graduate retention and the relevance of work culture. Those surveyed on graduate retention said that sticking to one company for a long duration is no longer the cultural norm for graduate employees and that 22% said that a whopping 51%-100% of graduate employees usually leave within 24 months (2 years) citing work culture reasons.

Shedding light on the relevance of the survey in the present context, Ms. Archana Jayaraj, Director, Partnerships and Talent, APAC, Wiley’s mthree said, “The mthree survey points to how graduate and entry-level talent recruitment and onboarding is a herculean task. It requires a copious amount of energy, dedication, and time and does pose its own risks. Organizations therefore need an alternative and complementary source of graduate talent that takes care of the risks and all the effort – that’s where our Talent Development service-mthree comes in. Our Alumni offering focuses on custom-trained emerging talent. Through the hire-train-deploy model, we place outstanding graduates into a client’s team for 12 to 24 months, after which they can be converted to full-time employees at no extra cost.

“We work with more than forty institutions across the globe through our hire-train-deploy and reskill solutions. The APAC region, especially India is a strategic market for us. Diversity and Inclusion is at the cornerstone of Wiley's mthree Alumni program. We put a special impetus on democratizing education and provide equal opportunities for everyone to realize their true potential and dreams. We currently have 350+ of our Alumni graduates on-site across Fortune 500 Companies in India. Going forward we will stay committed to our two-pronged objectives- collaborating and partnering with institutions worldwide and helping them navigate challenges and risks associated with onboarding and retaining skilled graduate and entry level talent; and supporting that talent in starting their dream careers at global organizations.”