“But we wake up every single day intently focused on the unique challenges of people building and starting their career.” “LinkedIn is really good as a midprofessional career tool,” Lord says. He expects that the startup, which has more than doubled its revenue every year for the past three years, will see $100 million in revenue by 2022-an important milestone on Handshake’s quest to rival competitor LinkedIn. On the platform, they can manage virtual and in-person career fairs and track student outcomes and offer acceptance rates.ĭespite the pandemic’s effect on the hiring market, Handshake facilitated roughly 98 million virtual student-employer connections last year, Lord says. Universities pay an all-in-one fee that ranges from $1,000 to more than $20,000 to use Handshake, based on the size of student enrollment. For access to premium features, such as brand pages and analytics, employers can pay an annual fee that starts at $10,000, but varies based on their annual entry-level hiring, the number of Handshake seats they have and how complex or specific their hiring needs are.
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Employers are able to post job listings for free and recruit entry-level candidates from a talent pool more diverse than what they might find visiting college campuses, Lord says. More than 550,000 employers-including Amazon, Tesla and Bank of America-and 1,200 universities use the platform.
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