- Job matching site will utilise blockchain to eliminate use of recruiters and redistribute costly fees
- New process will better protect data of job seekers and employers
Job.com, a job matching platform, has announced that it will be progressing to a blockchain-based platform with the mission of entirely eliminating recruiters’ roles in the permanent hiring process. Jobs.com hopes that by doing this, they will be able to save costs by removing human recruiters from the talent acquisition process.
As part of this, employer fees have been reduced by 70%. With the benefits of a blockchain-based platform, Job.com claims that candidates will also have increased privacy and control over their data such as contact information, experience, skills and qualifications, in addition to the peace of mind that their resume will never be sold to third parties without their consent.
Paul Sloyan, Co-founder, Job.com explained, “The last time the recruitment industry saw innovation was at the advent of the internet and it has been ripe for disruption for some time. With the current model, candidates and companies are spammed with fake listings, strung along by commission-driven recruiters or inundated by irrelevant applications. Coupling blockchain with our existing job matching technology enables a much needed shift, allowing us to remove recruiters from the equation entirely and focus on the only two parties in the hiring process that actually matter—employers and jobseekers.”
Arran Stewart, Co-founder, Job.com added, “When the recruitment industry first started decades ago, the purpose of the job recruiter was to match businesses and candidates in a manner that was a fit for both parties. Somewhere down the line, recruiters realised that there was more money to be made by taking the process hostage, charging commissions and selling candidates’ data from the process. We are looking to displace these entrenched recruitment agencies because they have deviated from their intended purpose and are hurting the ability of hard-working job seekers to find jobs, and for companies to find qualified talent cost-effectively. Job.com will make the hiring process more secure and rewarding for candidates, and cheaper and easier for companies to find the best talent, period.”
Paul Arkwright
Publisher
