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no more blind dates in
human resource
Though superheroes are, well, super heroes, they tend to be single or unlucky
                                     in relationships at best. Graduated, the superheroes of university do not
                                     always know with how or with who to spend their lives with either.
                                     Super Hero Dating Service, #SHDS, is a company which matches newly
                                     graduated master’s students to employers. During a three month period
                                     the fine fleur of European graduates build their own, real-life and registered
                                     start-up. SHDS supports them and simultaneously shapes precise and
                                     personal profiles on the graduates personality and competencies, to serve
                                     as a document to facilitate human resource initiatives of leading European
                                     businesses.

                                         SHDS enables graduates to add real life commercial practice to their high
                                         level theoretical knowledge and complete their palette of competencies.


                                         SHDS enables these high potentials to discover their passion and tune
                                         their goals and dreams in their professional careers, in a unique, exciting
                                         and risk-free way.


                                         SHDS enables multinationals to pick from 30 high level graduates,
Photo: flickr.com/photos/wiseacre/




                                         based on precise, rich and specifically rendered reports, built on 3 months
                                         of extensive and relevant research on the candidates.


                                         SHDS enables universities to strengthen ties with leading businesses,
                                         and present themselves as thought leaders.
Summary
no more blind dates in
human resource

                         Superhero Dating Service is a human resource
                         agency aiming to place 30 high potentials at 5
                         leading European enterprises each quarter, for the
                         duration of 5 years.

                         SHDS has an intended lifespan of 5 years. Each            Each quarter, 5 European multinationals join the        A number of the graduates will find a loving
                         quarter, a new project starts for a duration of 3         project as well. The companies receive concise          relationship with their fresh employer that will
                         months as depicted below. 5 groups of each 6              updates on the start-ups frequently.                    be pleased to have their carefully selected new
                         graduates are formed. During 3 months these                                                                       colleague aboard.
                                                                                   The 3rd month, they receive rich and relevant
                         groups will each develop their own start-up.
                                                                                   reports on each of the 30 contenders, so they           Contenders that do not get picked, or cannot
                         The groups receive intensive guidance by SHDS             can decide which candidate would fit their job          come to an agreement with the employers, can
                         employees. The groups will report on their                openings and company requirements the best.             choose to continue running their start-up.
                         progression by creating videos.
                                                                                   In the 11th week, companies bid on the graduates        The teams and #SHDS will work at a location
                         After the 8th week each participant presents              in an auction. The company with the highest bid         provided by a European university. In doing so,
                         him-/herself, through a short video and resume.           for a specific graduate receives exclusive rights to    the university can strengthen contacts with
                         SHDS will add a sophisticated and personal                engage in job-offerings for this student for half a     leading businesses and be in direct contact with
                         analysis on each candidate to create a full report.       year.                                                   high potentials, to approach them for post-
                                                                                                                                           graduate programs.


                         SHDS works in quarterly projects. This represents the typical planning of one such a quarter.
                          Week 1        week 2        week 3        week 4     week 5           week 6          week 7      week 8        week 9     week 10        week 11    week 12
                               Start-up 1
                               Start-up 2
                               Start-up 3
                               Start-up 4
                               Start-up 5

                                             presentation               presentation                 presentation                 reports on             presentation auction Drinks
                                             start-up                   start-up                     start-up                     candidates             start-up
Why I created this start-up
                                                                                                                                          Why?
                                                                          My first reaction when reading the assignment to create a start-up was: “Which one
                                                                          will I choose?” I actually keep a folder containing all my business plans I bothered to
                                                                          delineate for the fun of it. The folder holds 30 potential businesses in sub folders.
                                                                          Choosing one did not feel like a challenge though. And apparently I did not choose
                                                                          one to become my daytime job. I like having new high impact projects regularly
                                                                          and prefer to work in changing professional teams. Stuff you will not find easily if you
                                                                          pursue one particular product or service concept.

                                                                          Then it hit me: I should sell start-ups.
                                                                          I like to believe that I am better than others in thinking of unexpected businesses and
Photo: flickr.com/photos/epicharmus/ & flickr.com/photos/omargutierrez/




                                                                          presenting them in a rough, though appealing form. And I enjoy doing it.
                                                                          But no: this won’t sell. New entrepreneurs want to work on their own plans; they
                                                                          do not want to buy ideas. Plus: an abundance of money is not a typical trait of starters.
                                                                          Then I figured that in a good start-up, it is not the idea but the people that represent
                                                                          the real value. So I had to come up with a start-up in which I could be busy everyday
                                                                          creating start-ups that make a difference, but make money by ‘selling’ the people.
                                                                          So Superhero Dating Service was born. This three-person human resource start-up
                                                                          exists of a partner specialized in sales and acquisition, one specialized in the psychology
                                                                          from a human resource perspective, and me as an innovation specialist.
                                                                          As elaborated in the subsequent pages, this start-up

                                                                          enables high potential graduates to build
                                                                          their own start-ups.
                                                                          By doing so the graduates earn a position at mayor European businesses, that pay for
                                                                          the high-quality headhunting services.
the Graduates
no more blind dates in
human resource

                         The success of SHDS depends on the quality of
                         the graduates. If they are the best, companies
                         will be interested as an employer and willing
                         to pay to get in touch and head-hunt them.

                         In Europe, around four million people graduate       Each group will work full-time and independent.    After these three months, the two possibilities
                         annually from tertiary education. SHDS aims at       Two days per week a SHDS employee will join        are: either the graduate is hired by the
                         the best 5%: 50.000 per quarter.                     the team and help them develop and sharpen         multinational: #winning.
                                                                              their concepts and business plan using their
                         To  make the principle function, SHDS                                                                   Or, when the candidate is not picked for
                                                                              experience, network and expertise.
                         needs 30 high potential students per                                                                    interviews, or does not like the offer that the
                          quarter. The recruiting will be done                The groups will report on their project on a       company makes, he/she can continue to develop
                           through extremely narrow targeted                  restricted blog. Once every two weeks they will    the start-up, possibly with other graduates.
                           advertisements on social media as                  post a 5-minute video on the progression. The      The candidates that do not get hired
                          Facebook and LinkedIn: 10.000 very suited           8th week all candidates will present themselves,   keep the ownership of the company they
                         candidates will be approached, using a budget        their resume, dreams and vision.                   developed themselves with the support
                         of 1$ per approach (click).                                                                             of SHDS: #winning.
                                                                              During the first two months SHDS will create
                              A conversion rate of 1% is attainable because   a rapport on each candidate. Because of the        As there is no such thing as a free lunch, the
                              of the specifically attractive offer.           intensive teamwork, SHDS will be able to sketch    graduates are required to pay for this service,
                                                                              a precise, rich picture describing competencies,   without scaring them away at the moment when
                            Of the 100 applicants, 30 will be selected on
                                                                              character and promises on the candidate.           they are typically low on cash. Therefore they
                           resume and motivation letter.
                                                                                                                                 will pay 2% of their annual salary for the
                                                                              After the 11th week the best candidates will be
                         The former students will be grouped in five                                                             first three years to come after finishing the
                                                                              invited for job interviews with the company they
                         balanced groups. The participants will                                                                  project: With a typical $50.000 annual income
                                                                              get selected by.
                         receive a monthly $500 compensation to                                                                  average over the first three years, this will be
                         cover expenses.                                      All candidates and company representatives will    around $250 per quarter. This seems a reasonable
                                                                              all meet each other at the final party.            charge for the service, always proportional
                         The start-up will get a $2500 budget for                                                                to your income. Possibly the graduates can
                         small investments, like Facebook ads, a camera,
                                                                                                                                 negotiate for compensation as well with their
                         material for prototypes or whatever the group
                                                                                                                                 future employer.
                         sees fit.
the Employers
no more blind dates in
human resource

                         Potential employers pay SHDS to receive
                         rich profiles on 30 high potential graduates
                         within 3 months, and exclusive access to their
                         favorite candidates.
                                                                                                                                          & the University
                         The target group on the flip side of the system         current employees on candidates that turn out      A third participant in this project is to be
                         consists of the 300 largest companies in Europe.        not to fit.                                        found among Europe’s leading universities.
                                                                                                                                    This prestigious project of SHDS is an
                         Each quarter five potential employers                   Contact for this project within the company
                                                                                                                                    attractive activity to welcome on the
                           are needed to make this project work.                 will typically be an human resource manager,
                                                                                                                                    campus as leading multinational businesses will
                               As SHDS is essentially a 5-year project,          or a more strategy/focused member of the
                                                                                                                                    be involved, plus the most promising students
                               this means that 1/3* of the mentioned             management team.
                                                                                                                                    of the continent: Those graduates who do not
                                companies in Europe have to be convinced
                                                                                 With these reports on the candidates they join     get hired by the companies may be offered post
                                 to join in the end, by a rate of 20 per year.
                                                                                 the four other companies in an auction the last    graduate careers at the cooperating university.
                                  Therefore the offer has to be tempting
                                                                                 month of the project. Each company gets 100
                                  and low risk.                                                                                     A tender will go out to all leading European
                                                                                 virtual tokens, they can divide as stakes on the
                                                                                                                                    universities to partake in this project. For a
                                  The price of joining is $17.500.               candidates as they please.
                                                                                                                                    university to join they will have to provide
                                This buys the company a very sharp and
                                                                                 It is a blind bet, in the sense they do not know   a place for the five startups to work, and
                             elaborate picture of 30 of European top-tier-
                                                                                 how the other companies place their bets: They     a quarterly fair of $5000 to get mentioned as
                          graduates.
                                                                                 could put 100 tokens on one candidate, or three    partner of the initiative.
                         The project appeals because of the depth and            on each candidate.
                                                                                                                                    Many European universities already provide
                         relevant richness of the information provided on
                                                                                 When a company places the highest bid              space and support for start-up companies,
                         the candidates. They can be observed on the basis
                                                                                 on a specific candidate, it gets exclusive         and often are very willing to provide suitable
                         of a 3 month, real-life test, on professionalism,
                                                                                 rights to engage in job interviews for six         accommodation for this kind of initiatives.
                         accountability, communication, presentation,
                                                                                 months with this person.
                         smarts, but most of all entrepreneurship. It is                                                            This role can be taken by one university, or the
                         like providing 30 high potential a valuable                                                                project can touch down in several different cities
                         internship in three months, that come                                                                      over the years.
                         with agile and elegant measures to compare
                         candidates and without losing production from

                                * It could turn out to be less than 1/3 if companies
                                decide to join the program more than once.
SHDS itself
no more blind dates in
human resource

                         SHDS is ran by three people: A hero in sales,
                         a hero with a psychological/human resource
                         education and me, the innovation specialist.


                         SHDS has three basic activities:                           and the projected figures look quite acceptable.    SHDS alumni network with very appealing
                                                                                                                                        specifications.
                         Each graduates-ran start-up is coached 2 days              Critical to the success of this project is the
                         a week by one SHDS partner: this takes 2/5 of              participation of leading European businesses.       A third option to follow-up after the fifth year lays
                         the workload and is led by the innovation                  My assumption is that with 100 participating        in non-profit. The SHDS principle might prove
                         expert.                                                    companies in 5 years this market will be            to work as well for people with lower education
                                                                                    saturated. Furthermore the limited existence        outside the western world.
                         The second task is the formulation of personal,
                                                                                    will add to the exclusivity of the proposition,
                         rich and relevant report on the candidates. This                                                               By providing people an opportunity of well guided
                                                                                    both to companies and graduates.
                         process is led by the HR-specialist.                                                                           learning by doing, they could put themselves
                                                                                    Competition of SHDS is playing in a whole other,    in the spotlight of locally leading businesses.
                         Remaining time is spent on the recruitment of
                                                                                    red colored ocean. They play for the people with    Then the project might initially need some more
                         suitable graduates, cooperating companies and
                                                                                    >100K salary, where SHDS aims at starters.          thorough financial support.
                         universities, managed by the sales specialist.
                                                                                    Plus, SHDS has a very own way, that provides
                         As appears from the rudimentary numbers on                 the graduates and employers with time to get
                         the next page that provide an impression on                a more precise picture of what they are
                         the money in/out of this business, the predicted           actually searching for, instead of having an
                         profits are modest compared to the risk contained          external person cater both sides to a fit. The
                         in the question: will this project fly after the initial   long-term successes of SHDS will be happier
                         investments in cash and labor?                             clients on both sides.
                         Therefore it makes sense to explore possibilities          After 5 years the project could be repeated
                         to gain a subsidy: the European Union is quite             within the U.S., or the brand name, knowledge
                         keen to support cross-nation initiatives that              and experiences connected doing so could be
                         help develop a knowledge driven economy.                   sold to people who will.
                         Nevertheless, the start-up is expected to be
                                                                                    A second possible sequel          lies   in   the
                         profitable after the first 1,5 years without help,
                                                                                    simultaneously created a           600-person
Numbers
no more blind dates in
human resource

                         This business case is based on quite some assumptions and non-confirmed information. These
                         numbers serve a basic check. Next step would be checking assumptions and perform research into
                         the willingness to pay of the various parties involved.
                         All amounts mentioned are x 1000 U.S. Dollar, taxes excluded.
                                                Year 0          Year 1                      Year 2                       Year 3                        Year 4                        Year 5                       Year 6 Year 7 Year 8
                                                Q3       Q4     Q1      Q2     Q3     Q4    Q1       Q2     Q3     Q4    Q1        Q2     Q3     Q4    Q1        Q2     Q3     Q4    Q1       Q2     Q3     Q4    Q1 / Q4 Q1 / Q4 Q1 / Q4
                         university                  0,0    0,0     5,0    5,0    5,0   5,0      5,0    5,0    5,0   5,0       5,0    5,0    5,0   5,0       5,0    5,0    5,0   5,0      5,0    5,0    5,0   5,0       0,0
                         companies                   0,0    0,0    87,5 87,5 87,5 87,5          87,5 87,5 87,5 87,5           87,5 87,5 87,5 87,5           87,5 87,5 87,5 87,5          87,5 87,5 87,5 87,5            0,0
                         premiums                    0,0    0,0     0,0    6,3   12,5  18,8    25,0    31,3 37,5 43,8        50,0 56,3 62,5 68,8           75,0 75,0 75,0 75,0          75,0 75,0 75,0 75,0           262,5   162,5    62,5
                         loan                       32,5   32,5     0,0    0,0    0,0   0,0      0,0    0,0    0,0   0,0       0,0    0,0    0,0   0,0       0,0    0,0    0,0   0,0      0,0    0,0    0,0   0,0
                         total income               32,5   32,5    92,5 98,8 105,0 111,3       117,5 123,8 130,0 136,3      142,5 148,8 155,0 161,3       167,5 167,5 167,5 167,5      167,5 167,5 167,5 167,5       262,5    162,5    62,5
                         compensation                0,0    0,0 -45,0 -45,0 -45,0 -45,0 -45,0 -45,0 -45,0 -45,0             -45,0 -45,0 -45,0 -45,0       -45,0 -45,0 -45,0 -45,0 -45,0 -45,0 -45,0 -45,0               0,0
                         start capital               0,0    0,0   -12,5 -12,5 -12,5 -12,5      -12,5 -12,5 -12,5 -12,5       -12,5 -12,5 -12,5 -12,5       -12,5 -12,5 -12,5 -12,5      -12,5 -12,5 -12,5 -12,5
                         costs                     -12,5 -12,5    -12,5 -12,5 -12,5 -12,5      -12,5 -12,5 -12,5 -12,5       -12,5 -12,5 -12,5 -12,5       -12,5 -12,5 -12,5 -12,5      -12,5 -12,5 -12,5 -12,5
                         recruitment              -10,0 -10,0 -10,0 -10,0 -10,0 -10,0         -10,0 -10,0 -10,0 -10,0       -10,0 -10,0 -10,0 -10,0       -10,0 -10,0 -10,0 -10,0      -10,0 -10,0 -10,0 -10,0
                         pay back dept               0,0    0,0    -3,7   -3,7   -3,7  -3,7     -3,7   -3,7   -3,7  -3,7      -3,7   -3,7   -3,7  -3,7      -3,7   -3,7   -3,7  -3,7     -3,7   -3,7   -3,7  -3,7
                         total costs              -22,5 -22,5 -83,7 -83,7 -83,7 -83,7         -83,7 -83,7 -83,7 -83,7       -83,7 -83,7 -83,7 -83,7       -83,7 -83,7 -83,7 -83,7      -83,7 -83,7 -83,7 -83,7          0,0
                         total income - costs      10,0   10,0      8,8   15,1   21,3 27,6      33,8 40,1 46,3 52,6          58,8    65,1   71,3 77,6      83,8 83,8 83,8 83,8          83,8 83,8 83,8 83,8          262,5    162,5    62,5

                         annual income                    40,0                         72,8                        172,8                        272,8                         335,3                       335,3     262,5    162,5     62,5
                         income/employee                   13,3                        24,3                         57,6                         90,9                          111,8                       111,8     87,5     54,2     20,8

                         Years: costs start in year-0, with the recruitment                      Premiums: Graduates pay 2% of their salary the 3                          Recruitment of students is done as described
                         of companies and students. A loan of $65.000 is                         years after the project. Typically this will be $250                      before with a $10.000 quarterly budget.
                         needed to invest in promotion and to provide the                        per quarter. The assumption is that 25 out of 30
                                                                                                                                                                           The loan taken in the first half year will be paid
                         people of SHDS with $6.667 each for a half years                        will actually pay. So each group generates $6250
                                                                                                                                                                           back in five years at a 5% interest rate.
                         work. Project and costs stop after year-5.                              for 12 quarters: This explains why the project
                                                                                                 keeps paying after work and costs have stopped.                           Year-0 is half a year, so the income in that half
                         University: To join the project, one university
                                                                                                                                                                           a year is $20.000 and consists purely out of
                         pays a 5000$ quarterly fee to be mentioned as a                         Compensation: Each student will get 500$
                                                                                                                                                                           the loan. Later the income is predicted rises to
                         partner and the right approach students for post-                       monthly, and each start-up receives $2500.
                                                                                                                                                                           $335.300 in year-5. Since SHDS consists out of
                         graduate positions after each quarter.
                                                                                                 Per quarter, the general costs to run the SHDS                            three equal partners, the lower row tells the
                         Companies: Each quarter, five companies join as                         business itself, like travel and hiring an intern for                     income per partner.
                         potential employers, paying a $17.000 fee each.                         support is estimated to amount to $12.500.

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Superherodatingservice

  • 1. no more blind dates in human resource
  • 2. Though superheroes are, well, super heroes, they tend to be single or unlucky in relationships at best. Graduated, the superheroes of university do not always know with how or with who to spend their lives with either. Super Hero Dating Service, #SHDS, is a company which matches newly graduated master’s students to employers. During a three month period the fine fleur of European graduates build their own, real-life and registered start-up. SHDS supports them and simultaneously shapes precise and personal profiles on the graduates personality and competencies, to serve as a document to facilitate human resource initiatives of leading European businesses. SHDS enables graduates to add real life commercial practice to their high level theoretical knowledge and complete their palette of competencies. SHDS enables these high potentials to discover their passion and tune their goals and dreams in their professional careers, in a unique, exciting and risk-free way. SHDS enables multinationals to pick from 30 high level graduates, Photo: flickr.com/photos/wiseacre/ based on precise, rich and specifically rendered reports, built on 3 months of extensive and relevant research on the candidates. SHDS enables universities to strengthen ties with leading businesses, and present themselves as thought leaders.
  • 3. Summary no more blind dates in human resource Superhero Dating Service is a human resource agency aiming to place 30 high potentials at 5 leading European enterprises each quarter, for the duration of 5 years. SHDS has an intended lifespan of 5 years. Each Each quarter, 5 European multinationals join the A number of the graduates will find a loving quarter, a new project starts for a duration of 3 project as well. The companies receive concise relationship with their fresh employer that will months as depicted below. 5 groups of each 6 updates on the start-ups frequently. be pleased to have their carefully selected new graduates are formed. During 3 months these colleague aboard. The 3rd month, they receive rich and relevant groups will each develop their own start-up. reports on each of the 30 contenders, so they Contenders that do not get picked, or cannot The groups receive intensive guidance by SHDS can decide which candidate would fit their job come to an agreement with the employers, can employees. The groups will report on their openings and company requirements the best. choose to continue running their start-up. progression by creating videos. In the 11th week, companies bid on the graduates The teams and #SHDS will work at a location After the 8th week each participant presents in an auction. The company with the highest bid provided by a European university. In doing so, him-/herself, through a short video and resume. for a specific graduate receives exclusive rights to the university can strengthen contacts with SHDS will add a sophisticated and personal engage in job-offerings for this student for half a leading businesses and be in direct contact with analysis on each candidate to create a full report. year. high potentials, to approach them for post- graduate programs. SHDS works in quarterly projects. This represents the typical planning of one such a quarter. Week 1 week 2 week 3 week 4 week 5 week 6 week 7 week 8 week 9 week 10 week 11 week 12 Start-up 1 Start-up 2 Start-up 3 Start-up 4 Start-up 5 presentation presentation presentation reports on presentation auction Drinks start-up start-up start-up candidates start-up
  • 4. Why I created this start-up Why? My first reaction when reading the assignment to create a start-up was: “Which one will I choose?” I actually keep a folder containing all my business plans I bothered to delineate for the fun of it. The folder holds 30 potential businesses in sub folders. Choosing one did not feel like a challenge though. And apparently I did not choose one to become my daytime job. I like having new high impact projects regularly and prefer to work in changing professional teams. Stuff you will not find easily if you pursue one particular product or service concept. Then it hit me: I should sell start-ups. I like to believe that I am better than others in thinking of unexpected businesses and Photo: flickr.com/photos/epicharmus/ & flickr.com/photos/omargutierrez/ presenting them in a rough, though appealing form. And I enjoy doing it. But no: this won’t sell. New entrepreneurs want to work on their own plans; they do not want to buy ideas. Plus: an abundance of money is not a typical trait of starters. Then I figured that in a good start-up, it is not the idea but the people that represent the real value. So I had to come up with a start-up in which I could be busy everyday creating start-ups that make a difference, but make money by ‘selling’ the people. So Superhero Dating Service was born. This three-person human resource start-up exists of a partner specialized in sales and acquisition, one specialized in the psychology from a human resource perspective, and me as an innovation specialist. As elaborated in the subsequent pages, this start-up enables high potential graduates to build their own start-ups. By doing so the graduates earn a position at mayor European businesses, that pay for the high-quality headhunting services.
  • 5. the Graduates no more blind dates in human resource The success of SHDS depends on the quality of the graduates. If they are the best, companies will be interested as an employer and willing to pay to get in touch and head-hunt them. In Europe, around four million people graduate Each group will work full-time and independent. After these three months, the two possibilities annually from tertiary education. SHDS aims at Two days per week a SHDS employee will join are: either the graduate is hired by the the best 5%: 50.000 per quarter. the team and help them develop and sharpen multinational: #winning. their concepts and business plan using their To make the principle function, SHDS Or, when the candidate is not picked for experience, network and expertise. needs 30 high potential students per interviews, or does not like the offer that the quarter. The recruiting will be done The groups will report on their project on a company makes, he/she can continue to develop through extremely narrow targeted restricted blog. Once every two weeks they will the start-up, possibly with other graduates. advertisements on social media as post a 5-minute video on the progression. The The candidates that do not get hired Facebook and LinkedIn: 10.000 very suited 8th week all candidates will present themselves, keep the ownership of the company they candidates will be approached, using a budget their resume, dreams and vision. developed themselves with the support of 1$ per approach (click). of SHDS: #winning. During the first two months SHDS will create A conversion rate of 1% is attainable because a rapport on each candidate. Because of the As there is no such thing as a free lunch, the of the specifically attractive offer. intensive teamwork, SHDS will be able to sketch graduates are required to pay for this service, a precise, rich picture describing competencies, without scaring them away at the moment when Of the 100 applicants, 30 will be selected on character and promises on the candidate. they are typically low on cash. Therefore they resume and motivation letter. will pay 2% of their annual salary for the After the 11th week the best candidates will be The former students will be grouped in five first three years to come after finishing the invited for job interviews with the company they balanced groups. The participants will project: With a typical $50.000 annual income get selected by. receive a monthly $500 compensation to average over the first three years, this will be cover expenses. All candidates and company representatives will around $250 per quarter. This seems a reasonable all meet each other at the final party. charge for the service, always proportional The start-up will get a $2500 budget for to your income. Possibly the graduates can small investments, like Facebook ads, a camera, negotiate for compensation as well with their material for prototypes or whatever the group future employer. sees fit.
  • 6. the Employers no more blind dates in human resource Potential employers pay SHDS to receive rich profiles on 30 high potential graduates within 3 months, and exclusive access to their favorite candidates. & the University The target group on the flip side of the system current employees on candidates that turn out A third participant in this project is to be consists of the 300 largest companies in Europe. not to fit. found among Europe’s leading universities. This prestigious project of SHDS is an Each quarter five potential employers Contact for this project within the company attractive activity to welcome on the are needed to make this project work. will typically be an human resource manager, campus as leading multinational businesses will As SHDS is essentially a 5-year project, or a more strategy/focused member of the be involved, plus the most promising students this means that 1/3* of the mentioned management team. of the continent: Those graduates who do not companies in Europe have to be convinced With these reports on the candidates they join get hired by the companies may be offered post to join in the end, by a rate of 20 per year. the four other companies in an auction the last graduate careers at the cooperating university. Therefore the offer has to be tempting month of the project. Each company gets 100 and low risk. A tender will go out to all leading European virtual tokens, they can divide as stakes on the universities to partake in this project. For a The price of joining is $17.500. candidates as they please. university to join they will have to provide This buys the company a very sharp and It is a blind bet, in the sense they do not know a place for the five startups to work, and elaborate picture of 30 of European top-tier- how the other companies place their bets: They a quarterly fair of $5000 to get mentioned as graduates. could put 100 tokens on one candidate, or three partner of the initiative. The project appeals because of the depth and on each candidate. Many European universities already provide relevant richness of the information provided on When a company places the highest bid space and support for start-up companies, the candidates. They can be observed on the basis on a specific candidate, it gets exclusive and often are very willing to provide suitable of a 3 month, real-life test, on professionalism, rights to engage in job interviews for six accommodation for this kind of initiatives. accountability, communication, presentation, months with this person. smarts, but most of all entrepreneurship. It is This role can be taken by one university, or the like providing 30 high potential a valuable project can touch down in several different cities internship in three months, that come over the years. with agile and elegant measures to compare candidates and without losing production from * It could turn out to be less than 1/3 if companies decide to join the program more than once.
  • 7. SHDS itself no more blind dates in human resource SHDS is ran by three people: A hero in sales, a hero with a psychological/human resource education and me, the innovation specialist. SHDS has three basic activities: and the projected figures look quite acceptable. SHDS alumni network with very appealing specifications. Each graduates-ran start-up is coached 2 days Critical to the success of this project is the a week by one SHDS partner: this takes 2/5 of participation of leading European businesses. A third option to follow-up after the fifth year lays the workload and is led by the innovation My assumption is that with 100 participating in non-profit. The SHDS principle might prove expert. companies in 5 years this market will be to work as well for people with lower education saturated. Furthermore the limited existence outside the western world. The second task is the formulation of personal, will add to the exclusivity of the proposition, rich and relevant report on the candidates. This By providing people an opportunity of well guided both to companies and graduates. process is led by the HR-specialist. learning by doing, they could put themselves Competition of SHDS is playing in a whole other, in the spotlight of locally leading businesses. Remaining time is spent on the recruitment of red colored ocean. They play for the people with Then the project might initially need some more suitable graduates, cooperating companies and >100K salary, where SHDS aims at starters. thorough financial support. universities, managed by the sales specialist. Plus, SHDS has a very own way, that provides As appears from the rudimentary numbers on the graduates and employers with time to get the next page that provide an impression on a more precise picture of what they are the money in/out of this business, the predicted actually searching for, instead of having an profits are modest compared to the risk contained external person cater both sides to a fit. The in the question: will this project fly after the initial long-term successes of SHDS will be happier investments in cash and labor? clients on both sides. Therefore it makes sense to explore possibilities After 5 years the project could be repeated to gain a subsidy: the European Union is quite within the U.S., or the brand name, knowledge keen to support cross-nation initiatives that and experiences connected doing so could be help develop a knowledge driven economy. sold to people who will. Nevertheless, the start-up is expected to be A second possible sequel lies in the profitable after the first 1,5 years without help, simultaneously created a 600-person
  • 8. Numbers no more blind dates in human resource This business case is based on quite some assumptions and non-confirmed information. These numbers serve a basic check. Next step would be checking assumptions and perform research into the willingness to pay of the various parties involved. All amounts mentioned are x 1000 U.S. Dollar, taxes excluded. Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 / Q4 Q1 / Q4 Q1 / Q4 university 0,0 0,0 5,0 5,0 5,0 5,0 5,0 5,0 5,0 5,0 5,0 5,0 5,0 5,0 5,0 5,0 5,0 5,0 5,0 5,0 5,0 5,0 0,0 companies 0,0 0,0 87,5 87,5 87,5 87,5 87,5 87,5 87,5 87,5 87,5 87,5 87,5 87,5 87,5 87,5 87,5 87,5 87,5 87,5 87,5 87,5 0,0 premiums 0,0 0,0 0,0 6,3 12,5 18,8 25,0 31,3 37,5 43,8 50,0 56,3 62,5 68,8 75,0 75,0 75,0 75,0 75,0 75,0 75,0 75,0 262,5 162,5 62,5 loan 32,5 32,5 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 total income 32,5 32,5 92,5 98,8 105,0 111,3 117,5 123,8 130,0 136,3 142,5 148,8 155,0 161,3 167,5 167,5 167,5 167,5 167,5 167,5 167,5 167,5 262,5 162,5 62,5 compensation 0,0 0,0 -45,0 -45,0 -45,0 -45,0 -45,0 -45,0 -45,0 -45,0 -45,0 -45,0 -45,0 -45,0 -45,0 -45,0 -45,0 -45,0 -45,0 -45,0 -45,0 -45,0 0,0 start capital 0,0 0,0 -12,5 -12,5 -12,5 -12,5 -12,5 -12,5 -12,5 -12,5 -12,5 -12,5 -12,5 -12,5 -12,5 -12,5 -12,5 -12,5 -12,5 -12,5 -12,5 -12,5 costs -12,5 -12,5 -12,5 -12,5 -12,5 -12,5 -12,5 -12,5 -12,5 -12,5 -12,5 -12,5 -12,5 -12,5 -12,5 -12,5 -12,5 -12,5 -12,5 -12,5 -12,5 -12,5 recruitment -10,0 -10,0 -10,0 -10,0 -10,0 -10,0 -10,0 -10,0 -10,0 -10,0 -10,0 -10,0 -10,0 -10,0 -10,0 -10,0 -10,0 -10,0 -10,0 -10,0 -10,0 -10,0 pay back dept 0,0 0,0 -3,7 -3,7 -3,7 -3,7 -3,7 -3,7 -3,7 -3,7 -3,7 -3,7 -3,7 -3,7 -3,7 -3,7 -3,7 -3,7 -3,7 -3,7 -3,7 -3,7 total costs -22,5 -22,5 -83,7 -83,7 -83,7 -83,7 -83,7 -83,7 -83,7 -83,7 -83,7 -83,7 -83,7 -83,7 -83,7 -83,7 -83,7 -83,7 -83,7 -83,7 -83,7 -83,7 0,0 total income - costs 10,0 10,0 8,8 15,1 21,3 27,6 33,8 40,1 46,3 52,6 58,8 65,1 71,3 77,6 83,8 83,8 83,8 83,8 83,8 83,8 83,8 83,8 262,5 162,5 62,5 annual income 40,0 72,8 172,8 272,8 335,3 335,3 262,5 162,5 62,5 income/employee 13,3 24,3 57,6 90,9 111,8 111,8 87,5 54,2 20,8 Years: costs start in year-0, with the recruitment Premiums: Graduates pay 2% of their salary the 3 Recruitment of students is done as described of companies and students. A loan of $65.000 is years after the project. Typically this will be $250 before with a $10.000 quarterly budget. needed to invest in promotion and to provide the per quarter. The assumption is that 25 out of 30 The loan taken in the first half year will be paid people of SHDS with $6.667 each for a half years will actually pay. So each group generates $6250 back in five years at a 5% interest rate. work. Project and costs stop after year-5. for 12 quarters: This explains why the project keeps paying after work and costs have stopped. Year-0 is half a year, so the income in that half University: To join the project, one university a year is $20.000 and consists purely out of pays a 5000$ quarterly fee to be mentioned as a Compensation: Each student will get 500$ the loan. Later the income is predicted rises to partner and the right approach students for post- monthly, and each start-up receives $2500. $335.300 in year-5. Since SHDS consists out of graduate positions after each quarter. Per quarter, the general costs to run the SHDS three equal partners, the lower row tells the Companies: Each quarter, five companies join as business itself, like travel and hiring an intern for income per partner. potential employers, paying a $17.000 fee each. support is estimated to amount to $12.500.