New Delhi: Wiley (NYSE: WLY), a global leader in research and education, today announced the renaming of its fast-growing talent development solution, mthree, to Wiley Edge. Wiley Edge works with employers to find and train top talent for their most difficult-to-fill jobs. Since the acquisition in January 2020, Wiley has more than tripled its portfolio of corporate partners and doubled the number of college graduates trained and placed in technology, business, and banking roles with multinational corporations. The renaming further integrates Wiley Edge into the company’s career-connected education portfolio that is focused on helping universities and corporations close the widening skills and talent gaps in the labor market.
Seventy-one percent of CEOs anticipate the skills and labor shortage will be one of this year’s greatest business disrupters, according to the Winter 2022 Fortune/Deloitte CEO survey. This shortage will cost businesses trillions of dollars by the end of the decade. Meanwhile job openings in the technology sector nearly doubled in 2021 but the applicant pool declined by nearly a quarter since 2019. With many of these jobs left unfilled, organizations are struggling to compete and increasingly turning to innovative talent development solutions such as Wiley Edge.
“Our growing roster of leading global clients knows that success in today’s fast-moving digital economy requires skilled tech talent that can hit the ground running and have long-term impact,” said Todd Zipper, Wiley’s Executive Vice President and General Manager of University Services and Talent Development. “The new Wiley Edge name represents what we do for our corporate partners and for emerging talent everywhere – we give them a meaningful edge by using the power of education to connect great people to great 21st-century jobs.”
Wiley Edge provides employers with a distinct edge in utilizing emerging talent by harnessing a hire-train-deploy model that finds college grads and equips them with in-demand skill sets to meet the highly specific needs of individual corporations. After spending 3-12 weeks at the Wiley Edge Academy, graduates are deployed to one of Wiley’s corporate clients for 12-24 months, after which they transition into full-time roles with the hard, soft, and company-specific skills needed to succeed. Wiley’s client list includes many of the world’s largest and most respected corporations.
“Wiley Edge has had tremendous growth in the APAC market, especially India. In India, the training and deployment of graduates into Fortune 500 companies across the technology, banking and finance sectors, has grown four times since 2021. This growth is attributed to our concentrated quality efforts attuned to our objective of bridging the skill gap. This re-naming effort will further allow us to establish a robust identity and help us convey Wiley Edge’s vision of democratizing opportunities, and nurturing ‘ready to deploy’ entry level talent,” said Ms. Archana Jayaraj, Director, Partnerships and Talent, APAC, Wiley Edge.
Wiley Edge also helps corporations unlock the potential within their existing workforces through upskilling and reskilling programs that create the skilled talent they need while enhancing employee retention and recruitment efforts — a need that has grown more acute during the Great Resignation. For example, Wiley Edge is currently assisting a leading global investment bank with its technology transformation and Agile/DevOps maturity program, with a goal to educate and build a baseline level of site reliability engineering (SRE) capability across its technology workforce.
“We are expanding access to high-demand jobs for people of diverse backgrounds by exposing them to opportunities they might not otherwise see, and by giving them the training to succeed in those jobs and in their careers,” said Daniele Grassi, Vice President and Chief Operating Officer of Wiley Edge.
To help companies diversify their technology teams, Wiley Edge recruits graduates from underrepresented backgrounds and communities. Of graduates placed with companies in 2021, 31% were female and 51% were Black, Asian or another underrepresented ethnicity.