RAPPORT | Page 29

RAPPORT WWW.RECORDINGACHIEVEMENT.ORG Issue 1 (2015) recruitment tool for all firm sizes in terms of use and reported effectiveness. Especially recruiters working for large firms found the service to be relatively effective. The most vital information sought for in gra duate candidates included the type of university degree they hold, their skills in foreign languages, and professional and career motivations. In addition, their soft skills, willingness to accept geographical mobility, the software/computing skills, their experiences abroad for work or study reasons, university grades attained, graduates’ knowledge of the sector of activity of the employer and, finally, previous work experiences were reported to be vital. When comparing this to the extent to which these characteristics are found in the graduate profiles in AlmaLaurea, some mismatches arose. Most notably, the professional and career motivations, knowledge on the employers’ sector, soft skills, experiences in foreign countries and software/computing skills were found to lacking in the graduate profiles. While there are relevant developments with regards to standardization (with respect to soft skills), big data analytics and peer-reviewing systems that could facilitate an enhanced provision of such information in the future, it is evidently a challenging task. The (mis)match between the supply of skills by young graduates and the demand of skills by firms is mainly a question of lack of information. Of course, this is not the only explanation. Young graduates may lack the skills needed or their university credentials could be not reliable, i.e. university credentials declared in the resumes do not correspond to recruiters’ expectations, thus making the recruitment process more costly and less reliable. Soft skills are becoming more important in the selection process and the recruiters are very much interested in detecting them when they select their candidates. But the detection of the soft skills through the resumes is not an easy task in that these skills may be better assessed in real working life situations and could be fully revealed later in time. Since the skills mismatch is mainly a matter of lack of information, the availability of tools to enhance it and its reliability are central questions. From this respect, AlmaLaurea can be considered a valuable service: it has contributed towards improving the match between demand and supply of skills and the transparency of the Italian labour market of graduates. A very concrete measure of the benefits generated by the AlmaLaurea on line CV-data bank has been computed by Bagues and Labini (2007) who show that graduates coming from universities belonging to the consortium enjoy a higher employment probability (3%), higher wages (3%) and are more satisfied with their job. Moreover, they appear to be geographically more mobile. As Autor (2001) rightly argues, the benefits of tools like AlmaLaurea should be assessed by looking at society as a whole, not just by considering the private gains of the individuals who are using these tools. To this respect, one should consider that social mobility can be improved thanks to a wider use of formal channels, such as the on line CV-data banks, as opposed to informal channels such as family and friends networks, to recruit workers. For instance, empirical evidence shows that managerial and CEO positions within firms are often inefficiently transmitted within families and social networks (Pellegrino and Zingales, 2014). A wider use of formal recruitment channels such as the on line CV-data banks can also bring benefits in terms of a more meritocratic and more inclusive society. Hence, the support to the development of these tools is a means of fostering social mobility and to include those talents who could be otherwise marginalized in the labour market. It can be concluded that online platforms such as AlmaLaurea are valuable means towards improving the transparency of the labour market. It is important to stress that not all the “technical” and “institutional” solutions are effective in achieving this outcome. The critical issues are the reliability and the relevance of the information provided on the profiles of graduates but also the reputation of the institutions providing information. On these grounds, the AlmaLaurea bottom-up governance model that was followed in Italy can be considered a “best practice” to be followed. A drawback of this study is that while the sample is statistically representative of the companies using the AlmaLaurea job placement services, it is not representative of the entire Italian economy. In particular, the sample underrepresents small and micro firms which make up most of the Italian economy. Future research could address the extent to which services such as AlmaLaurea can be considered effective in a broader, representative context. In addition, this study only presents the perceptions of recruiters, no actual recruitment behaviour was observed. Future research could address the critical aspects of the graduate profile by comparing purchased and notpurchased CV’s. Furthermore, there is robust statistical evidence that HRM practices may be affected by the education of the manager/firms owners involved: for instance, Schivardi and Torrini (2011) show that an Italian an employer with a university degree hires three times as many graduates as one with a lower educational attainment. The 28