SANTA CLARA, Calif., May 20, 2014 /PRNewswire/ -- Chegg, The Student Hub, today introduced the Chegg Career Center, a first of its kind online resource for students and recent grads seeking to build their careers, land their first job, or find the best internships while still in school. The Chegg Career Center enables people to explore different career options, learn from professionals already in those fields, and understand the skills they need to pursue the jobs they want. The Chegg Career Center will also connect students with the online courses that will help them to acquire and develop the skills prospective employers in their chosen field demand. This new platform is designed to address the skills and knowledge gap that millions of graduates face every year as they transition from school to work.
"We are launching a national career center because we recognize that our economy and the needs of employers are changing far more rapidly than educational institutions are prepared to adapt," said Chegg Chairman and CEO Dan Rosensweig. "Our goal in launching the Chegg Career Center is to empower students to make themselves more attractive candidates for the jobs they want to pursue. We are doing this by supplementing what students are learning in class, assessing the skills they have now, illustrating for them the skills they're going to need, and providing students with access to the online courses and other tools that will quickly allow them to close those gaps."
Chegg has been a leading voice1 encouraging universities and employers to do more to address the 42% underemployment rate for recent grads2. And, while the company has encouraged closer partnerships between schools and businesses3, particularly via increased investment in on-campus career centers, research shows that less than half of students have ever used their school's career center4, further highlighting the need for a national online resource that is accessible to students while they're on campus and long after they've graduated. Additionally, the Chegg Career Center will offer employers greater recruiting efficiency via a single point of access to a national pool of recent graduates who can easily be filtered by school, major, coursework, completed internships, skills, geography and more.
The initial launch of the Chegg Career Center is scheduled for May 27, 2014 and will include basic functionality such as internship and entry-level job search and career exploration pages. In August, Chegg will introduce additional functionality, including skills navigation tools and a skills marketplace where students can discover and purchase online courses that build the skills today's employers demand. Chegg also plans to regularly add content, courses and other tools to supplement student learning and job matching over time. For more information on Chegg, the Chegg Career Center, including partnership opportunities, or the research commissioned by Chegg, please visit http://mediacenter.chegg.com/2014/05/19/research-improving-student-outcomes/ or email email@example.com.
Chegg puts students first and is proud to have saved students and their families more than $450 million in 2013 alone. As the leading student‑first connected learning platform, Chegg's Student Hub makes higher education more affordable and more accessible, all while improving student outcomes. Chegg is a publicly‑held company based in Santa Clara, California and trades on the NYSE under the symbol CHGG. For more information, visit www.chegg.com
This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, which include, without limitation those regarding Chegg's plans for adding additional functionality, content, courses and other tools to supplement student learning and job matching in August and over time. These statements are not guarantees of future performance, but are based on management's expectations as of the date of this press release and assumptions that are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements. Important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements include the following: changes in the time necessary to develop additional functionality, content, courses and other tools, the rate of adoption of Chegg Career Center and other factors. These and other important risk factors are described more fully in documents filed with the Securities and Exchange Commission, including Chegg's final prospectus from its initial public offering, and could cause actual developments to vary from expectations. All information provided in this release is as of the date hereof and Chegg undertakes no duty to update this information except as required by law.