by Staff Reporter on 30/07/12 at 2:50 pm
Hiring Bounty, a new local tech startup, aims to solve the companies recruitment challenge, by harnessing the power of the crowd. By leveraging trusted networks between people, Hiring Bounty is able to identified skilled candidates and place them in better suited jobs, faster and at a lower cost, when compared to recruitment agents.
People within your social circle have the most up to date information regarding your skills and career aspirations. Coupled with their ability to send you communication you will actually engage, the crowd is best placed to match candidates with employers.
When asked about Hiring Bouty’s aspiration, MD Greg Schneider said, “Hiring Bounty plans to capitalize on the connections of people to make recruiters obsolete”. After battling to find a job that matched both his skill set and personality, Greg became frustrated with the countless irrelevant mails from recruiters. “I studied online marketing, but kept getting offered jobs in IT, before long I was adding recruiters to my SPAM list. After recommending a few varsity friends for a job I realized there is a better way to match candidates and employers”.
Listing jobs on the site is free; employers set a bounty which is then split three ways between the referrer, the successful candidate and Hiring Bounty. The bounty is only paid when an employer hires a candidate referred to them by the site. This risk free approach to recruitment has already seen major brands such as Woolworths and Groupon list jobs on the site on launch.
Hiring Bounty has launched out of Silicon Cape and aims to disrupt the stagnant recruitment industry globally. To find out more about the crowdsourcing of recruitment or to harness the power of the crowd to find your next hire visit www.hiringbounty.com or contact Greg Schneider on 082 777 2551.
Ideate is one of South Africa's biggest business blogs, with a team of authors all of whom have had entrepreneurial experience. Ideate is read by entrepreneurs thinking BIG. Follow us on Twitter here. View more articles by Staff Reporter.