PRESENTATION OUTLINE
$47 Billion Online Market
Companies on average spend approximately $4,000 per candidate on interviewing, scheduling, and assessment to decide if someone is right for a job.
the average open position receives more than 150 resumes, more than 45% of candidates never hear anything back from the employer, 83% of candidates rate their job search experience poor, and employers still tell us anecdotally that 20-25% of their candidates don't turn out to be a good long term fit.
1/3 of all job seekers spend 2 or more hours researching a single job, it often then takes them an hour to complete the job application, and more than half rate the search process poor or mediocre. We are creating a lot of pain, effort, and complexity for job seekers everywhere.
There is also enormous revenue potential for highly targeted job advertisements. Imagine an employer that buys a job ad that targets professionals with a certain level of experience in a certain city who have worked for a certain company.
Recruit
LinkedIn
CareerBuilder
Monster
SEEK
Zhilian
51job
Naukri
StepStone
Dice Holdings
Glassdoor
SimplyHired
TopUSAJobs
104 Job Bank
ZIPRECRUITER
Applicant tracking systems
Talent shortage is a real issue in the current market. Almost three quarters (72.8%) of employers are having a difficult time finding skilled candidates and 45% of employers are concerned about finding employees with the necessary talents.
Hiring is expected to become more competitive in the next 12 months for 74% of recruiters.
Been a Referral Source for Recruiters
Interviewed for 25+ jobs in my career
- Interview not predictive
- Anchoring on similar roles
What are you solving for? Better candidates or more Efficient Process?
Need to be able to Disrupt
REFERRAL SYSTEM....POINTS FOR RECO'S?
Standard & Poor's has the up to date detailed and in-depth rating of cca 3 000 banks.
Wikipedia has a 'List of All Banks' with cca 5 000 entries.
SWIFT (the Society for Worldwide Interbank Financial Telecommunication) has approximately 9 000 members.
The Fitch Bank Credit Model is a quick daily simplified scoring tool that covers cca 11 000 banks across the globe.
The Accuity Bankers Almanach contains the data of 25 000 banks. In my experience Accuity has the best bank-database globally.
The Bankscope Global Banking Database claims it has collected the data of 32 000 public and private banking institutions worldwide. (We think it contains approximately 7 000 quasi-banks.)
SOLVING BANKS HIRING - $10 BN BUSINESS
Current model loaded with bias both conscious and unconscious