Wiley Renames its Industry-Leading Talent Development Solution “mthree” to Wiley Edge

Rhea-AI Summary

Wiley (NYSE: WLY) has rebranded its talent development solution mthree to Wiley Edge, enhancing its integration within the company’s education portfolio. Since acquiring mthree in January 2020, Wiley has tripled its corporate partnerships and doubled the number of graduates placed in tech roles. With 71% of CEOs citing labor shortages as a major disruptor, Wiley Edge aims to address skills gaps by deploying trained graduates to meet corporate needs. The initiative also emphasizes diversity, with significant representation of underrepresented groups among placed graduates.

Positive

• Tripled corporate partnership portfolio since January 2020 acquisition.
• Doubled the number of graduates trained and placed in technology roles.
• Focus on diversity with 31% female and 51% from underrepresented backgrounds among placed graduates.

Negative

• None.

Leveraging a “Hire-Train-Deploy" approach, Wiley Edge helps global organizations close skills gaps and diversify tech workforces

HOBOKEN, N.J.--(BUSINESS WIRE)-- 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 21^st-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 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. Wiley Edge will release its second “Diversity in Tech” annual report in the coming months, identifying barriers to greater representation in the tech industry and offering solutions for organizations to address this longstanding inequity.

About Wiley Edge

Wiley Edge helps the world’s leading corporations to succeed by finding, training and retaining the talent they need. We bridge the skills gap in technology, banking and business by connecting education to the working world. Wiley Edge sources, trains and hires college graduates with in-demand technology skills, placing them within clients’ teams for up to 24 months before they can convert to full-time employees. We help build pipelines of diverse, custom-trained talent – complementing traditional hiring strategies like internal graduate programs and reactive recruitment. Wiley Edge also offers tailored training programs to reskill clients’ existing workforces to enhance employee retention and recruitment efforts in an increasingly competitive global economy. Visit us at www.wileyedge.com.

About Wiley

Wiley is a global leader in research and education, unlocking human potential by enabling discovery, powering education, and shaping workforces. For over 200 years, Wiley has fueled the world’s knowledge ecosystem. Today, our high-impact content, platforms, and services help researchers, learners, institutions, and corporations achieve their goals in an ever-changing world. Visit us at Wiley.com, like us on Facebook and follow us on Twitter and LinkedIn.

Category: All Corporate News

View source version on businesswire.com: https://www.businesswire.com/news/home/20220524005419/en/

Media

Anthony Amiano

Manager, Global Communications, Wiley

AAmiano@Wiley.com

 

Source: John Wiley and Sons

FAQ

What is the new name for Wiley's talent development solution?

Wiley has renamed its talent development solution mthree to Wiley Edge.

How many corporate partners does Wiley Edge currently have?

Wiley Edge has more than tripled its corporate partners since its acquisition in January 2020.

What percentage of graduates placed by Wiley Edge were from underrepresented backgrounds?

In 2021, 51% of graduates placed by Wiley Edge were from underrepresented backgrounds.

What challenges are employers facing that Wiley Edge aims to solve?

Employers are facing challenges related to skills gaps and labor shortages, which Wiley Edge addresses through talent development.

When was Wiley Edge acquired?

Wiley acquired mthree, which has now been rebranded to Wiley Edge, in January 2020.