3 Key Advantages of Using Skynet Placement Automation Platform (Use-cases from IIMs, IITs and Top Private HEIs - XLRI, ISB)
Skynet
Enhancing the Placements Process Through Digitization and Automation
With the current technology-based infrastructure, placement process data can be collected throughout the entire process duration. The data from interconnected digital modules can be analyzed at short intervals to understand the progression of various process activities. Let's explore some basic use cases of end-to-end digitization and automation in the placements process.
[Advantage 1] Tracking Students and Automating Round-1 Schedule Generation
This scenario is applicable at institutions like IIMA, IIMB, ISB, XLRI, IIML, IIMK, and IIT Bombay. During placement week, the number of active interview processes can range from 10 to 60 companies at a time, with 250 to 700 students participating in a single day. This involves planning and executing approximately 1,000 interviews on average at premier business schools following the day placement process.
Challenges in Interview Scheduling:
- Students rank their preferences for companies.
- Recruiters rank their preferences for students and issue shortlists accordingly.
This complex scenario can be efficiently managed with process automation using advanced matching algorithms with AI characteristics, creating schedules based on student and panel availability. This makes the placement process more efficient across multiple rounds.
Critical Needs for Process Coordinators:
- Monitoring interview durations and delays.
- Tracking the status of interviews and student locations in real-time.
- Managing students who have exited the process.
- Addressing issues promptly with SOS protocols.
Access to this granular information enables top business schools in India to digitize their placement processes, planning, and conducting interviews to conclude the placement process within a week.
[Advantage 2] Managing Student Profile and Application Data Using Zero Error Checklist and Integrated Systems
This scenario is relevant at IIMA and ISB. Placement coordinators focus on several key activities:
- Interacting with potential recruiters.
- Communicating placement event information across multiple channels.
- Mentoring students through profile validations.
- Handling placement process-related queries.
- Planning, scheduling, and executing placement day events.
Bottlenecks:
- Lack of information flow between volunteers due to insufficient process digitization.
- Inherent inefficiencies in data gathering and preparation.
Automation and end-to-end digitization allow placement coordinators to focus on value-added activities using a Skynet Zero Error Checklist. This increases engagement with new recruiters, raises the percentage of visiting recruiters, enables quick planning of clash-free interview schedules, and aids student segments struggling with lower shortlists to achieve placement success more efficiently.
[Advantage 3] Access to Process Analytics Insights – Placements Office
Applicable at IIMA, IIMB, ISB, XLRI, IIML, IIMK, and IIT Bombay. Access to day-wise process performance data provides updated insights for making corrective actions, significantly improving the placement process experience for all stakeholders.
Key Stakeholders:
- Placements Chair
- Placements Office Team
- Placecomm Team
Objectives of Process Data Insights:
- Understanding students’ work domain interests.
- Tracking company participation details, job descriptions posted, and shortlists given.
- Validating student profiles.
- Segmenting student applications by prior work experience and domain.
- Tracking students' shortlist sizes and offer statuses by domain.
- Monitoring the overall recruitment process.
Actionable Insights from Placement Process Analytics:
- Identifying cohorts of students with lower application and shortlist counts.
- Identifying companies deviating from the process on interview days.
- Analyzing students’ application behavior toward various industry domains.
- Tracking students' participation and application success and rejection metrics.
- Identifying industry hotspot domains with high student interest, enabling Placecom to reach out to more recruiters in these areas.
Some premier institutions have refrained from using non-customizable placement automation products despite subscribing to them. For more information on digitizing and automating the placements process at your institution, write to us at skynet@edtex.in.
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