If software is eating the world, then marketplaces are one of the agents of destruction. Marketplaces are eating every type of firm on the planet. Let’s look at where the feasting is happening.
Paul Slezak says he is not killing the recruitment industry. It was already dying and he's resuscitating it. He is one of the four founders of RecruitLoop – an online hiring marketplace claiming to cut traditional recruitment costs by 80 per cent to 90 per cent.
Having shaken up the world of bricks-and-mortar retailing, technology entrepreneurs are using cut-price, online offerings to disrupt pricey professional services such as law and recruitment.
The cloud computing mantra of 'pay for what you use' is creating new opportunities in the traditional recruitment business model. This buy-on-demand model has not only enabled innovation for HR professionals but also freelancers and customers... (A RecruitLoop recruiter) recently placed a $150,000 role for a project fee less than $1,000, which was 30 times cheaper than using a traditional recruiter.