In its mission to democratize the recruitment industry, Australian start-up RecruitLoop has just closed a $500,000 seed round to establish its hiring marketplace in the United States.
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.
RecruitLoop, an Australian startup recently launched in the U.S., released an infographic about social media recruitment and the organizations that do it best.
RecruitLoop essentially makes every step of the hiring process up to the first in-person interview itself an absolute breeze... The company is doing something pretty unique – RecruitLoop's closest competitor isn't all that close.
We feel like we're growing up a bit with the announcement of our new San Francisco headquarters. Until now, we've been in coworking spaces both in Sydney and San Francisco. Our experiences at Fishburners and Runway were fantastic, but the crazy collaborative (and often loud) environments were starting to wear on some of us.
It’s frightening to think of the number of people who will actually make a hire relying on the feedback gained from a 2-minute phone conversation or maybe without even carrying out any reference checks at all. This can become a very costly exercise indeed.
Whether a candidate has been savvy enough to manage their online reputation is only the basic thing a quick stalk online will tell you about a potential future employee. You could also find out their interests, tone of voice and other people’s opinions about them outside of a work setting.
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