Jobhuk is creating a $100 billion dollar new market place for consumers
Austin,TX (PRWEB) March 15, 2013
It is never less exciting for start-ups launching at SXSW. This year one of the startups Jobhuk.com, launched at the SXSW Startup Spotlight, has become the new buzzword on the street. Jobhuk.com says they are on a mission to disrupt the human capital space with "CrowdSourced Hiring."
Their revolutionary recruiting platform is focused on hiring through crowdsourced referrals. Jobhuk leverages human network, the crowd, around the world to support and get best referrals for employers trying to hire best resources. It benefits employers avoiding all regular spam they experience in their hiring process. The crowd gets incentives as heavy as 1%-15% of the gross salary, as a Finders Fee set by employers for each successful hire.
Jobhuk’s has two side for it, First, “Hire by Referral” reveals that all applicants must be referred by a Jobhuk user, defined by anyone with a LinkedIn, Facebook, or simply an email account. Second, “Refer and Get Paid” means that the referring Jobhuk users gets paid finders fee when their referral is hired.
Praneeth Patlola, founder of Jobhuk.com has spent several years in the staffing and recruiting industry. He knew there was a better and more efficient way for companies to find great candidates. Recruiting firms charge commissions of up to 30%, a very costly endeavor to gain access to a relatively limited candidate pool. Online hiring platforms often charge high fees and produce unqualified talent and spam with no guaranteed results. 90% of team he has built was based on referrals to whom he says, he paid a decent amount of referral fees. He spent years searching for the best recruits, experimenting with various methodologies to source qualified candidates. After much trial and error, Patlola identified referrals as consistently the best recruits and most likely to become successful hires. He says, everyone, including himself asks the same question to friends, friends of friends, family members, and co-workers, “Do you know anyone who would be a good fit for this position?” The unveiling of Jobhuk allows employers to ask the same question, but now in real time, to tens of millions of Facebook, LinkedIn, and other network users.