Yoomly Lets Employees Compete for Jobs

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Venture-Backed Company Led by College Student Promises to Connect More Employees to More Jobs

Anyone looking for a job in the current economy knows that landing the perfect job--or even an interview--can seem like an insurmountable challenge. However, many fail to realize that the task is especially tough for employers--hiring is expensive. Employers often pay around $500 to post jobs on sites like Monster.com and CareerBuilder, and sometimes pay even more to have access to employees' resumes.

Yoomly, led by Robert Fink, a Junior at Loyola University Maryland, proposes a new, free-market based solution to finding candidates. Yoomly, which has been called the "Amazon.com" of talent, lets candidates compete against each other for jobs in a marketplace-style format. Instead of having detailed, long resumes, employees have easy to compare, personalized profiles. Instead of candidates blindly applying to jobs, candidates can see their competition, both increasing efficiency and saving time. Yoomly is open to candidates of any field or job status, including: part-time employees, full-time employees and freelancers.

At a time when employers often believe they cannot afford to hire more help, (and subsequently, can't grow their businesses) Yoomly promises to help employers find employees they can actually afford. After employers post jobs or search Yoomly profiles, (both free) employers can opt to let employees compete against each other for their position. In the same way that eBay made buying online affordable, and connected buyers to products they could afford, benefiting buyers and sellers, Yoomly promises to increase the chances and speed of finding qualified candidates online.

Yoomly has some other very interesting benefits for employees. Apart from helping them stand out more clearly against their competition and allowing them to see their competition, Yoomly gives employees a significant amount of exposure. When employees or freelancers make an account on Yoomly, they are also visible to employers and others looking for them on Google. Traditionally, employees submit their resumes to a closed database on a single website. Yoomly profiles, conversely, often show up on the first page of search results.

Yoomly is now in Beta-Launch and is being funded by Wasabi Ventures.

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