RECRUITLOOP: PAY-AS-YOU-USE MODEL CHANGES RECRUITMENT PARADIGM FOR AUSTRALIAN BUSINESSES
Announcement posted by RecruitLoop 17 Aug 2011
First online platform connecting employers directly with a network of expert recruiters.
Unique online network of recruiters charging an hourly rate.
New model of affordable recruitment helps businesses in uncertain times.
RecruitLoop (www.recruitloop.com.au) has launched in Australia with a unique online recruitment platform. Targeting employers frustrated with the pain of managing recruitment themselves and the high cost of recruitment agencies, RecruitLoop’s new model changes the paradigm of the recruitment industry.
RecruitLoop breaks from the traditional agency model, giving employers flexible recruitment support at an hourly rate, to slash the cost of recruiting by up to 80%. The online platform includes innovative new technology for recorded video interviews, also the first of its kind in Australia. Put together, employers save thousands of dollars and hours of time recruiting new employees.
“Our goal is simple”, says Garry Visontay, one of the Co-founders of RecruitLoop. “It’s to give employers stress-free recruitment. This means solving all the problems they currently associate with it – namely cost, time, quality, uncertainty and risk. In these uncertain times, businesses are still hiring. But they need all the help they can get.”
Visontay, a leading Australian entrepreneur, is Managing Director of a multi-award winning, national corporate services business and has been instrumental in a number of successful Australian business start ups. He developed the RecruitLoop idea after experiencing the pain in recruiting first hand. “Even as a successful medium-sized business we could never justify the cost of using a traditional recruitment agency,” continued Visontay. “I always used an individual consultant who would help me recruit for an hourly rate. This was the seed of the business idea and the catalyst that saw RecruitLoop’s development from concept to launch in less than 12 months”.
Generic freelancing sites have emerged in recent times and with businesses clearly becoming more comfortable outsourcing, the RecruitLoop business model will focus on two big global trends – the efficiencies behind freelancing and the fact that recruitment remains a pain point for most businesses.
“Employers have been crying out for a better solution,” explains Michael Overell, RecruitLoop Co-Founder and CEO. “Over 60% of Australian executives recommend against the services of a traditional recruitment agency and smaller businesses have been priced out of the market for too long. RecruitLoop is an online business, that recognises recruitment is about people. We place a huge focus on quality and specialisation, and all recruiters in our network are verified professionals, with at least five years proven recruitment experience”.
Formerly a consultant with McKinsey & Company, Overell has been instrumental in the fast development and testing of the RecruitLoop application with Denis Zubkov, Co-Founder and Head of Product.
“We’re shifting the focus of recruitment from sales to client service”, continues Overell. “Now, employers can pay an experienced recruiter only for the support they need, while saving hours of time with online candidate profiles and high quality recorded video interviews”.
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